AGRICULTURAL BIOLOGICAL MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Food production needs to rise substantially in the coming years to meet the nutritional needs of a growing global population. At the same time, consumers across regions are demanding food that is not only sufficient in quantity but also safe, nutritious and chemical-residue free. This presents a challenge for conventional agricultural practices which rely heavily on use of synthetic agrochemicals. Long term dependence on such inputs can have negative implications for soil health, environment and food safety. Biological products provide a natural solution to address this demand-supply equation sustainably. These improve the quality and nutrient density of crops when used judiciously. With minimal residual effects, these assure food safety. This positions them strongly as agricultural systems move towards more organic and residue-free production methods. It is also leading farmers to adopt biologicals for niche, high-value export crops. Their utilization corresponds well with consumer preference for nutritious, chemical-free diets. Therefore, evolving food consumption patterns are likely to further support use of agricultural biologicals globally in the future.