Market Size of Global Agricultural Biologicals Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 15.20 % |
Fastest Growing Market | North America |
Largest Market | Europe |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Agricultural Biologicals Market Analysis
The agricultural biologicals Market size is estimated at USD 7.84 billion in 2023, and is expected to reach USD 15.90 billion by 2028, growing at a CAGR of 15.20% during the forecast period (2023-2028).
- Agricultural biologicals are the seed treatment products that are used to replace chemicals in farming, which are mainly used to prevent the crops from pests, weeds, and diseases, in order to maintain crop health.
- The rise in awareness among farmers, increased pest outbreaks in crops, need to increase the yield of the crops, and developments in pest-resistance products are some of the major reasons for the growth of the market.