Expanding Organic Farmland Drives Demand for Agricultural Biologicals
The expanding global trend towards organic farming, fueled by consumer preferences for products produced without synthetic inputs, is propelling the growth of the agricultural biologicals market. As organic agriculture continues to gain traction, the demand for agricultural biologicals as a fundamental component of organic farming systems is driving market expansion.
According to a recent report by FiBL and IFOAM Organics International in 2023, there was a global increase in organic farmland and retail sales. The report reveals that organic farmland expanded by 1.3 million hectares, equivalent to a growth rate of 1.7%, reaching a total of 76.4 million hectares by the end of 2021. With the expansion of organic farmland, the demand for agricultural biologicals, including biopesticides, beneficial microorganisms, and organic fertilizers, increases. These inputs are crucial for complying with organic standards and supporting organic farming practices. As organic farming continues to grow, there is a greater need for agricultural biological products to meet the specific requirements of organic crop production.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=100393324
South America to boost market growth during the forecast period
Due to the vast agricultural lands in South America, there is a growing awareness and concern regarding the environmental impact of conventional agricultural practices. To address these concerns, there is an increasing demand for agricultural biologicals as they provide more sustainable alternatives by reducing the reliance on synthetic pesticides and fertilizers. These biological products are derived from naturally occurring substances like beneficial microorganisms, plant extracts, and biopesticides, which contribute to improved soil health, biodiversity, and overall ecosystem sustainability. Additionally, South American countries are significant exporters of agricultural commodities, and to meet the stringent regulations of international markets, particularly in Europe and North America, farmers are adopting agricultural biologicals as a sustainable and residue-free alternative to conventional agrochemicals.
The key players in this region include BASF SE (Germany), Syngenta AG (Switzerland), Bayer AG (Germany), UPL (India), Corteva Agriscience (US) among others. The study includes an in-depth competitive analysis of these key players in the agricultural biologicals market with their company profiles, recent developments, and key market strategies.
About MarketsandMarkets
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the GIVE Growth principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441