Agricultural Biology Market will Reach Nearly USD 31.99 Billion, Expanding at a CAGR of 14.8% during the Forecast Period of 2027

Agricultural Biology
Agricultural Biology

The Global Agricultural Biology Market is forecast to reach USD 31.99 billion by 2027. Massive uplift of the population and the enormous demand for the sufficient production of the crop are helping the market to grow primarily. Crop loss, increasing crop yields, high consumer demand for sustainability produced food, and harnessing climate change & global pandemic situations are some of the concerns that are seamlessly heightening the applicability of the Agricultural Biology and increasing their use-cases among various end-use verticals.

The agrochemical farms also are investing handful amount in their R&D to offer innovative product solutions and partnering up with other companies to increase the product line-ups. The global economy is distinguished by the participation of competitors from the marketplace, who pursue various strategic approaches to gain a significant amount of market share.

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Further key findings from the report suggest

  • In June 2019, German giant BASF announced its plan to launch 20 new agricultural chemical protection product line-ups in the country India. The chemicals are focused on catering to key crop protection such as rice, cotton, fruits, corn, soybean, and vegetables, which are the highest used crops in that country.
  • In March 2019, Helena Chemical Company, a US-based agrochemical manufacturer, launched 4 new product line-ups, namely, Ele-Max Sulfur LC, N-Fixx XLR, Sultrus, and Antares Prime that provide target specific yield-limiting agronomic solutions and helps growers meet greater returns on investment.
  • In August 2017, DuPont de Nemours, Inc., an American leading agrochemical farm, acquired San Francisco-based leading company in software & analytical tools for the farms, Granular, Inc. Granular will continue to provide advancements for the digital agriculture for DuPont and also improve Encirca services, an agronomic software business delivered by DuPont.
  • Applicability of the indoor farming, recycling wastage, selectively editing genome of crops to add value to the customers, improving protein efficiency of the seeds, increasing production of the pollinator-friendly Agricultural Biology, and digital analytics to increase the usability & control performance parameter of the Agricultural Biology are some of the future opportunities of the market, incorporating which could deliberately increase the profitability and consumer base of the companies in this market.
  • Key participants include Syngenta AG, Bayer AG, BASF SE, Dow AgroSciences LLC, FMC Corporation, ADAMA Ltd., Nufarm, Sumitomo Chemical Co., Ltd., UPL Limited, Corteva, Inc., and Conagen, among others.

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Type Outlook (Revenue, USD Billion; 2017-2027)

  • Fertilizers
  • Pesticides
    • Insecticides
    • Germicides
    • Fungicides

Crop Type Outlook (Revenue, USD Billion; 2017-2027)

  • Cereals and Grains
  • Oilseeds and Pulses
  • Fruits and Vegetables
  • Turf and Ornamentals
  • Others

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Crop Fertility
  • Crop Growth Enhancer
  • Crop Control & Protection
  • Others

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Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of the Agricultural Biology Market

– Changes in industry market dynamics

– Detailed market segmentation by type, application, etc.

– Historical, current and projected market size in terms of quantity and value

– Recent industry trends and developments

– Competition situation of Agricultural Biology Market

– Key companies and product strategies

– Potential niche segment/region showing promising growth.

Finally, the Agricultural Biology Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

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