AGRICULTURAL BIOLOGICAL MARKET ANALYSIS

Agricultural Biological Market, By Product Type (Biopesticides, Biofertilizers, Biostimulants), By Mode of Application (Soil Treatment, Seed Treatment, Foliar Spray), By Application (Cereals & Grains, Oil Seed &Pulses, Fruits &Vegetables, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024
Code : CMI1029
Pages :120
Formats :
Excel and PDF
Industry : Agrochemicals

Market Challenges: Increasing Input Costs for Seeds, Fertilizers and Stringent Regulations

Global agricultural biologicals market faces several challenges. Farmers struggle with increasing input costs for seeds, fertilizers and crop protection products. Climate change is making traditional agricultural practices less reliable and more vulnerable to pests and diseases. Market consolidation has provided a few large players growing control over seed and crop technology. Stringent regulations make product development and approvals lengthy and expensive. These challenges threaten the sustainable growth and profitability of companies operating in this sector.

Market Opportunities: The growing global population

Growing global population leads to increase in demand for food. Organic and sustainable farming practices are gaining popularity among consumers and suppliers. New technologies in gene editing and biologicals are offering natural alternatives to traditional agrochemicals. The market is shifting towards integrated crop management and customized farm advisory services.