The Agriculture Biologicals Testing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Agriculture Biologicals Testing Global Market Report 2024, The agriculture biologicals testing market size is expected to see strong growth in the next few years. It will grow to $3.64 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to increasing consumption of organic food, growing demand for eco-friendly alternatives, increasing demand for high-quality food products, rising use of synthetic chemicals, and growing focus on sustainable soil health management. Major trends in the forecast period include technological advancements, integration of digital technologies, product innovations, enhancing test capabilities, and development of genetic engineering techniques.
The increasing popularity of organic farming is expected to propel the growth of the agriculture biological testing market going forward. Organic farming is a holistic agricultural approach that uses natural inputs and practices to grow crops and raise livestock. The popularity of organic farming stems from a combination of health, environmental, ethical, and economic factors, reflecting broader societal trends toward sustainable and health-conscious lifestyles. Agricultural biologicals play a significant role in supporting organic farming by providing natural and sustainable solutions to challenges such as pest control, soil fertility, and crop productivity. For instance, in May 2023, according to the Department Of Environment Food & Rural Affairs, a UK-based government agency, the overall area under organic farming in the UK in 2022 was 509 thousand hectares (i.e., the fully converted area plus the area under conversion), up 0.4% increased from 2021. Therefore, the increasing popularity of organic farming is driving the agriculture biological testing market.
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The agriculture biologicals testing market covered in this report is segmented –
1) By Product Type: Biopesticides, Biofertilizers, Biostimulants
2) By Application: Field Support, Regulatory, Analytical
3) By End-User: Biological Product Manufacturers, Government Agencies, Plant Breeders, Outsourced Contract Research Organization
Major companies operating in the agriculture biological testing market are focused on developing innovative products such as insecticide/bio fungicide premix to enhance testing processes’ accuracy, efficiency, and scalability, ensuring the effective and safe use of biological products in agriculture. An insecticide/bio fungicide premix product combines insecticide and bio fungicide into a single formulation to provide broad-spectrum control of insects and diseases in crops that often contain synthetic and biologically active ingredients and offer multiple modes of action for effective pest management. For instance, in November 2023, FMC Corporation, a US-based agricultural sciences company, launched a new insecticide/bio fungicide premix product called Xyway LFR, which combines the active ingredients flutriafol and bifenthrin to protect against early-season insects and diseases in corn. The product features a unique liquid fertilizer-ready (LFR) formulation that allows for easy mixing with liquid fertilizers and can be applied in-furrow or as a 2×2 band at planting, providing growers with a convenient and effective solution for managing pests and diseases in their corn crops.
The agriculture biologicals testing market report table of contents includes:
1. Executive Summary
2. Agriculture Biologicals Testing Market Characteristics
3. Agriculture Biologicals Testing Market Trends And Strategies
4. Agriculture Biologicals Testing Market – Macro Economic Scenario
5. Global Agriculture Biologicals Testing Market Size and Growth
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32. Global Agriculture Biologicals Testing Market Competitive Benchmarking
33. Global Agriculture Biologicals Testing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Agriculture Biologicals Testing Market
35. Agriculture Biologicals Testing Market Future Outlook and Potential Analysis
36. Appendix
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