AGRICULTURAL BIOLOGICAL MARKET ANALYSIS

Agricultural Biological Market Size and Trends

Global agricultural biologicals market is estimated to be valued at USD 7.82 Bn in 2024 and is expected to reach USD 14.76 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.

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This market involves the development and use of biological products like biopesticides, biostimulants and biofertilizers as substitutes for traditional agricultural chemicals to improve crop productivity and soil health in a sustainable manner. The global agricultural biologicals market is expected to witness significant growth over the forecast period due to growing awareness among farmers about the environmental and health hazards caused by excessive use of agrochemicals. Strict government regulations pertaining to the use of chemical pesticides and fertilizers are further encouraging farmers to adopt biological alternatives. Declining soil fertility and increasing organic farmland boosts demand for agricultural biological products worldwide.

 Climate Change and Need for Sustainable Practices

The agricultural sector is experiencing the adverse effects of climate change in a more pronounced manner. Farmers around the world are facing challenges of unpredictable weather patterns, rising temperatures and increased frequency and severity of extreme weather events. This is impacting crop yields and livestock productivity. For instance, according to research studies, the global impacts of climate change could reduce average yields for major crops by 2% per decade for the rest of the century. This poses severe food security risks. To deal with this, agricultural practices need to become more sustainable and climate-resilient. Biological products are emerging as an important solution in this regard. Various microbials, biopesticides and biofertilizers can help in improving soil health, enhancing nutrient availability for crops and managing pest and disease pressure. As climate stresses increase on farms, the usage of such biological inputs is expected to see heightened adoption. Their use can reduce agriculture's carbon footprint by serving as alternatives to conventional synthetic agrochemicals. This makes biologicals strategically important for achieving climate change adaptation and mitigation goals in the sector.

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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.