, /PRNewswire/ -- The global agricultural biologicals market size is estimated to grow by from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 15.89% during the forecast period.
Increasing prices of chemical fertilizers and pesticides is driving market growth, with a trend towards increasing use of sustainable products for plant growth. However, lack of awareness of agricultural biologicals poses a challenge. Key market players include Agrinos AS, Andermatt Group AG, BASF SE, Bayer AG, Biological Products Industry Alliance, Evogene Ltd.
, Gowan Co., Koppert, Mitsui and Co. Ltd.
, Novozymes AS, PI Industries Ltd., Pro Farm Group Inc., PROBELTE SAU, SEIPASA SA, SOM Phytopharma India Ltd.
, Syngenta Crop Protection AG, T.Stanes and Co. Ltd.
, UPL Ltd., Valent BioSciences LLC, and Vegalab SA. Get a detailed analysis on regions, market segments, customer landscape, and companies- Agricultural biostimulants are essential products that enhance plant growth and improve crop yields.
These substances, which include natural and synthetic compounds, microorganisms, and plant-growth regulators, boost a plant's metabolism and increase biomass production. Natural biostimulants, such as amino acids, seaweeds, and bacteria, are commonly used in sustainable farming practices for medicinal plants. The market for these biostimulants is expected to grow significantly due to their ability to increase crop quality and tolerance to stresses.
Key components include .
