PR Newswire
22 Sep 2022, 14:30 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: [email protected]
SOURCE Frost & Sullivan
Get a daily dose of Vietnam Tribune 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 Vietnam Tribune.
More InformationSHENZHEN, China: As global chip competition intensifies, Huawei Technologies is exploring new markets in the Middle East and Southeast...
Vishakhapatnam (Andhra Pradesh) [India], July 15 (ANI): The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal,...
New Delhi [India], July 14 (ANI): Mizoram Chief Minister Pu Lalduhoma met Prime Minister Narendra Modi today at his official residence...
(250714) -- SHENZHEN, July 14, 2025 (Xinhua) -- Tanaka Kokoro (R) of Japan competes during the Group B match between Japan and the...
Vishakhapatnam (Kerala) [India], July 14 (ANI): The Union Minister of Ports, Shipping and Waterways (MoPSW), Sarbananda Sonowal inaugurated...
New Delhi [India], July 14 (ANI): The Central government on Monday objected to the legal validity of a petition on maintainability...
BRUSSELS, Belgium: Meta is holding firm on its controversial pay-or-consent model, a move that could lead to fresh antitrust charges...
LONDON, U.K.: American consumers and businesses could soon face the highest overall tariff burden in more than a century, according...
The family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...
CONCORD, New Hampshire: A federal judge in New Hampshire issued a crucial ruling on July 10 against President Donald Trump's executive...
DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...