Agriculture Biologicals Market Analysis

 Crop (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables)

Cereals & grains segment is estimated to dominate agriculture biologicals market share of over 37.4% by 2037. The rising production of cereals and grains globally will help this segment to have a massive revenue share by the end of 2037.

According to the Food and Agricultural Organization of United States (FAO) forecast in 2023, worldwide grain output from 2023 to 2024 will reach 2847 million tonnes, a new high and an increase of 1.2% above 2022 production. With an expected 2836 million tonnes, 2023-24 grain usage is likewise predicted to be 1.6% higher than 2022-2023 levels. A fractional decrease in rice use is mostly ascribed to the abundance of supply and cheaper costs compared to the previous season, which led to a larger utilization of wheat and coarse grains, particularly for feed purposes.

Product (Biopesticides, Biostimulants, Biofertilizers)

In agriculture biologicals market, biopesticides segment is anticipated to hold revenue share of over 57% by the end of 2037. This expansion will be noticed due to the increasing consumption of biopesticides by the farmers to protect their crops from damage.

The FAO projects that during the next 20 years, the global population will increase by 39%, reaching 9.1 billion people by 2050. It will be essential to raise global food production by 60% in order to fulfill all of this demand. This scenario is developed in a short and medium-term setting that is heavily impacted by the adverse impacts of climate change and how it affects agriculture, among other things, by increasing warmth or lack of water.

Our in-depth analysis of the global market includes the following segments: