FORT WORTH, Texas, February 21, 2015 /PRNewswire/ --
The agricultural biologicals market report defines and segments the concerned market for biologicals with an analysis and forecast of the revenue. The agricultural biologicals market is estimated to grow from $ 4528.1 million in 2014 to $ 8,951.8 million by 2019, at a CAGR of 14.6% from 2014 to 2019.
Browse through the TOC of agricultural biologicals market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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The global agricultural biologicals market is expected to witness significant growth in the coming years due to a number of factors. Most of the agricultural firms intend to continue and preserve their market share or produce incremental income streams; governmental regulatory bodies are actively participating in environmental conservation issues. Growers, with the help of agricultural biologicals such as biopesticides, biostimulants, and biofertilizers, will be in a position to generate higher yields; there has also been an increased demand for organically produced agricultural products.
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Biologicals in agriculture are used as a part of Integrated Pest Management (IPM), wherein these substances are used in combination with new synthetic crop chemistries. Agricultural biologicals present a new mode of action for weeds, mildew, other insects, and protect plants from these. The usage of agricultural biologicals assists farmers in maximizing yield and reducing plants' stress, thereby increasing plant productivity. Advantages of using biologicals for crops are that they allow growers to save time involved in crop harvest required, due to the use of conventional chemicals.
Europe and North America are the leading markets for the agricultural biologicals application with a market share of 30.9% each in 2014; Europe is the fastest growing market with a CAGR of 15.2% among all the other regions. This market is segmented and forecast on the basis of regions, such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW).This report also includes the market share and value chain analyses, along with market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in the market.
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