Growth Of Sustainable Farming Practices Drives The Agricultu...| MENAFN.COM

Wednesday, 05 October 2022 02:01 GMT

Growth Of Sustainable Farming Practices Drives The Agricultural Biologicals Market


(MENAFN- Frost & Sullivan) Growth of Sustainable Farming Practices Drives the Agricultural Biologicals Market

The increasing need for crop protection products and product awareness will expand the biopesticides and biostimulants segments, says Frost & Sullivan.



San Antonio –Sept. 22, 2022–The growing adoption of sustainable farming practices is expediting the agricultural biologicals market growth, finds Frost & Sullivan's recent analysis, Global Agricultural Biologicals Market, Forecast to 2030 . Significant push from policymakers, rising awareness among farmers, and increased investment in product development and innovations will expand the biopesticides and biostimulants segments of the agricultural biologicals sector. The market is expected to hit $25.25 billion by 2030 from $10.88 billion in 2021, registering an impressive expansion at a compound annual growth rate (CAGR) of 9.8%.

For further information on this analysis, please click here.

“Economies' move to meet targets, such as reducing the use of chemical pesticides and fertilizers, expanding sustainable farming practices, such as organic farming, and pursuing carbon reduction goals, will drive the adoption of biologicals,” said Smriti Sharma, Chemicals, Materials & Nutrition Program Manager at Frost & Sullivan .“Additionally, changing regulatory environments will drive the penetration of biologicals, especially biostimulants.”

Sharma added: “The biologicals industry is highly fragmented; participants are trying to gain a higher market share through organic and inorganic growth strategies. Further, several small-to-medium-sized companies are active in the space, offering stiff competition to multinationals based on technology and product specialization.”

The increasing demand for biologicals worldwide will present lucrative growth opportunities for market participants if they:

  • Invest in the research and development (R&D) of novel, environment-friendly biologicals to cater to sustainability requirements .
  • Create innovative go-to-market strategies and invest more to develop use cases highlighting the benefits and creating awareness of biologicals , especially biostimulants.
  • Offer precision farming tools and equipment, especially smart spraying systems that could enable the precise and cost-effective application of biologicals .

 

Global Agricultural Biologicals Market, Forecast to 2030 is the latest addition to Frost & Sullivan's Chemicals, Materials & Nutrition research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors. We apply actionable insights to navigate economic changes, identify disruptive technologies, and formulate new business models to create a stream of innovative growth opportunities that drive future success. Contact us: Start the discussion

Global Agricultural Biologicals Market, Forecast to 2030

K755

 

Contact:

Nicole Ryder

Corporate Communications

E:

Frost.com

About Nicole Ryder



Nicole Ryder is a Corporate Communications and Marketing Executive at Frost & Sullivan. She's currently covering Energy & Environment, Chemical & Materials, Emerging Market Innovation, and Communication & Technology (ICT) topics. She is responsible for copywriting, PR management, media relations, and communication campaigns.

View all posts by Nicole Ryder | Website

<

MENAFN22092022005545012248ID1104909857


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.