PR Newswire
22 Sep 2022, 19 GMT+10
The increasing need for crop protection products and product awareness will expand the biopesticides and biostimulants segments, says Frost & Sullivan
SAN ANTONIO, Sept. 22, 2022 /PRNewswire/ -- The growing adoption of sustainable farming practices is expediting the agricultural biologicals market growth, finds Frost & Sullivan's recent analysis, Global Agricultural Biologicals Market, Forecast to 2030. Significant push from policymakers, rising awareness among farmers, and increased investment in product development and innovations will expand the biopesticides and biostimulants segments of the agricultural biologicals sector. The market is expected to hit $25.25 billion by 2030 from $10.88 billion in 2021, registering an impressive expansion at a compound annual growth rate (CAGR) of 9.8%.
For further information on this analysis, please click here.
"Economies' move to meet targets, such as reducing the use of chemical pesticides and fertilizers, expanding sustainable farming practices, such as organic farming, and pursuing carbon reduction goals, will drive the adoption of biologicals," said Smriti Sharma, Chemicals, Materials & Nutrition Program Manager at Frost & Sullivan. "Additionally, changing regulatory environments will drive the penetration of biologicals, especially biostimulants."
Sharma added: "The biologicals industry is highly fragmented; participants are trying to gain a higher market share through organic and inorganic growth strategies. Further, several small-to-medium-sized companies are active in the space, offering stiff competition to multinationals based on technology and product specialization."
The increasing demand for biologicals worldwide will present lucrative growth opportunities for market participants if they:
Global Agricultural Biologicals Market, Forecast to 2030 is the latest addition to Frost & Sullivan's Chemicals, Materials & Nutrition research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
About Frost & Sullivan
For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors. We apply actionable insights to navigate economic changes, identify disruptive technologies, and formulate new business models to create a stream of innovative growth opportunities that drive future success. Contact us: Start the discussion
Global Agricultural Biologicals Market, Forecast to 2030
K755
Contact:
Nicole Ryder
Corporate Communications
E: Nicole.Ryder@frost.com
SOURCE Frost & Sullivan
Get a daily dose of Asia Pacific Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.
More InformationRAWALPINDI, Pakistan - Army Chief General Asim Munir met with members of Pakistan's Christian community on Monday, emphasizing the importance ...
DHAKA, Bangladesh - The BNP has given the government an ultimatum to release BNP Chairperson Khaleda Zia, who is being ...
ISLAMABAD, Pakistan - Caretaker Foreign Minister Jalil Abbas Jilani stated on Saturday that Pakistan's decision to establish relations with Israel ...
MANDALAY, Myanmar - According to local sources, Junta soldiers kidnapped over 60 civilians from a village in Mandalay Region's Myingyan ...
KATHMANDU, Nepal - Meteorologists announced that Nepal experienced below-average rainfall during the current monsoon, which is expected to last about ...
NEW YORK, USA - After addressing the United Nations on Friday, Pakistani caretaker Prime Minister Anwaar-ul-Haq spoke at a press ...
NEW YORK, New York - With no major news Monday, and nothing on the horizon, U.S. stocks remained little moved, ...
WASHINGTON D.C.: In a small but rare reduction to its headcount, which has grown steadily since 2010, the US Federal ...
CAMP HILL, Pennsylvania: This week, the Wall Street Journal (WSJ) reported that Rite Aid could shut down some 400 to ...
WASHINGTON D.C.: U.S. Transportation Secretary Pete Buttigieg has criticized the air traffic control staffing shortages in New York as "unacceptable" ...
BURBANK, California: A note by Needham media analyst Laura Martin released this week revealed that CEO Bob Iger told investors ...
TOKYO, Japan: This week, Toshiba revealed that a tender offer worth US$14 billion from Japan Industrial Partners (JIP) was a ...