Demand for high-quality crop yield is the chief factor driving the global agricultural biologicals market. The agricultural biological treatment for agriculture farming helps to replace chemicals with organic and natural materials. This further helps to protect crops from weeds, disease, and pests, thereby enhancing crop yield.
Adoption of Modern Agricultural Technologies in Agriculture Sector Drives Market in Europe
North America and Europe are anticipated to grow faster in the global agricultural biologicals market. Stringent regulations regarding the use of crop protection chemicals are likely to drive the market in these two regions. Furthermore, these regulations are implemented to protect the environment from hazardous effects.
KEY INDUSTRY DEVELOPMENTS :
In Jan. 2019, Marrone Bio Innovations Inc. announced that two of its products have been approved for sale in Canada by the appropriate government agencies. MBI-110 Biofungicide, (marketed in the U.S. as Stargus for specialty crops) was approved by the Pest Management Regulatory Authority (PMRA). Haven Sun Protectant was approved by the Canadian Food Inspection Agency (CFIA).
In Jan. 2018, BASF’s new Velondis brand biofungicide seed treatment formulations have received registrations from the Environmental Protection Agency (EPA). With potential applications in agriculture, horticulture and forestry, the products are designed to boost the protection of seedlings and plants from key soil-borne diseases.
Rising Preference for Organic Food Encourages Growth in the Market
Agricultural biologicals support farmers in enhancing crop productivity by protecting them from pests and weeds. In integrated pest management (IPM), agricultural biologicals play a significant role as they help to replace synthetic chemicals with the new synthetic crop. In addition to this, seed treatment products weed and insect protection, which in turn, is expected to fuel demand for agricultural biologicals.
A lead analyst at Fortune Business Insights said, “Increasing global demand for food and support from governments act as potential growth triggers in the market.” Moreover, the majority of the population is health-conscious, growing demand for organic food products is expected to stimulate the market’s growth by 2026. People have become more aware of the pesticide residue in food, compelling people to opt for organic food.
Effective residual management and rising costs of fertilizers and pesticides are likely to push growth of the market in the coming years. These factors are anticipated to help achieve improvement in the plant productivity, eventually driving the market.
Regulatory Authorities Approved Marrone’s Products for Sale in Canada
Some of the leading players functional in the global agricultural biologicals market are Bayer, Monsanto BioAg, Syngenta, BASF, Arysta Lifescience, DowDuPont, Koppert, Marrone Bio Innovations, and Valent Biosciences. Among these, companies such as Monsanto, Bayer, Syngenta, and BASF have shown more interest in developing agricultural biologicals over the past few years.
With the help of collaboration, new launches, and partnership strategies, these companies maintained a well-established presence in plant nutrition and biological crop protection industry. Considering this, Marrone Bio Innovations Inc. received product approvals for two of its products in January 2019. These products will be available for sale in Canada. MBI-110 Biofungicide was approved by the Pest Management Regulatory Authority (PMRA) and Haven Sun Protectant was approved by the Canadian Food Inspection Agency (CFIA).
By Mode of Application:
· Foliar Spray
· Seed Treatment
· Soil Treatment
By Crop Type:
· Fruits & vegetables
· Turf & ornamentals
· North America (USA, Canada, and Mexico)
· Europe (Spain, France, Italy, Germany, U.K., Russia, and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, and Rest of Asia Pacific)
· South America (Brazil, Argentina, and Rest of South America)
· Middle East & Africa (South Africa and Rest of MEA)
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