The growth of the organics industry, the increasing cost of chemical fertilizers, and the growing awareness of soil nutrient preservation are the major driving factors behind the major trends in the agricultural organics market.
The report “Main market trends for organic agricultural products by agricultural biological products, biocontrols, biofungicides, bioinsecticides, bionematicides, biostimulants, biofertilizers, agricultural inoculants, agricultural pheromones, biological seed treatment – Global forecasts until 2025 ″, is expected to grow at a CAGR of 13.7% from an estimated value of USD 9.9 billion in 2020 to reach USD 18.9 billion by 2025. The market is driven by factors such as increased food awareness organic, growing concerns about the dangers of using chemicals, the demand for high-value crops and increased awareness of residue levels in food and a favorable regulatory framework for the application of agricultural organic products are some of the factors. – one of the main drivers of the growth of the organic agricultural products market.
Bionematicides are estimated to be the most important market trend among the major trends in the agricultural biologics market
Bionematicides are the fastest growing trend in the agricultural biologics market. Nematodes cause heavy infestation of plant parts such as roots, causing heavy crop losses every year. The major challenge is to feed the growing population and ensure food security. It does not kill the plant but hinders its growth, which is why bionematicides are gaining in importance around the world. Growing concerns for the application of crop protection chemicals and phasing out of the main active ingredients used to control nematodes are some of the major drivers for the growth of the bionematicides market.
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Bioinsecticides are estimated to be the second most important market trend in the agricultural organics market
Bioinsecticides are expected to rank second, in terms of fastest growing trends, during the forecast period of 2020 to 2025. Growing awareness of technology in agriculture, high value crops and the increased level of pest attacks due to various factors are the major drivers for the growth of bioinsecticides market. Various high-value crops such as corn, soybeans, potatoes and tomatoes are heavily infested with insects. As a result, bioinsecticides are in high demand in all regions, particularly in North America. Bioinsecticides are widely adopted in North America due to the heightened awareness of growing concerns over pesticide application and increased acreage in organic farming, which is also driving the bioinsecticide market in this region.
Significant competition to capitalize on market potential among international manufacturers in the Europe and America regions
The need to maintain a minimum residual level in food products and the high growth prospects for organic food have boosted the market for agricultural organic products in these regions. Developed countries adopt modern agricultural practices and have strict regulations to limit excessive agrochemical applications. Therefore, the markets of Europe and North America are influenced by these drivers. Awareness of the sustainable benefits of organic products has fueled growth in developing countries such as Asia-Pacific and South America.
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This report includes a study of marketing and development strategies, as well as the product portfolio of major companies. These companies include BASF SE (Germany), Bayer AG (Germany), UPL (India), Marrone Bio Innovations (US), Corteva AgriSciences (US), Valent BioSciences (US), Koppert Biological Systems (Country -Low) and Certis USA LLC. (United States), which are among the well established and financially stable players that have been operating in the industry for several years. Other players include Valagro SPA (Italy), Syngenta AG (Switzerland), Stockton Bio-AG (Israel), Valent BioSciences (United States) and Rizobacter Argentina (Argentina), among others.
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