(EMAILWIRE.COM, July 24, 2019 ) The Agricultural Biologicals Market was valued at USD 6.00 Billion in 2016 and is projected to reach 14.65 Billion by 2023, growing at a CAGR of 13.80% from 2017. North America accounted for the largest share in 2016, while Europe is projected to be fastest-growing in the biopesticides market over the next six years. Biopesticides are expected to be a potential substitute for synthetic pesticides in Europe due to the growing regulations on chemical usage and maximum residue levels (MRLs). The ban on the use of important pesticides in the global market such as neonicotinoids, glyphosate, and paraquat is expected to drive the growth of the European biopesticides industry.

Browse 65 market data Tables and 57 Figures spread through 177 Pages and in-depth TOC on "Top Trends in the Agricultural Biologicals Industry: Biopesticides (Biofungicides, Bioinsecticides, Bionematicides),Biostimulants, Biofertilizers, Agricultural Inoculants, and Biological Seed Treatment - Global Forecast to 2023"

Bionematicides is estimated to be the most important among the top trends in the agricultural biologicals market
Bionematicides is the fastest-growing trend in the agricultural biologicals market. Even though the bionematicides market is niche, it is characterized, at present, by low competition due to limited product differentiation and high adoption barriers. Sustainable environmental initiatives along with the adoption of biologicals, the increasing growth of the biological seed treatment solutions, and the utilization of integrated pest management techniques are some of the major driving factors for this trend.

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Bioinsecticides is estimated to be the second-most important market trend in the agricultural biologicals market
Bioinsecticides stands second in terms of the fastest-growing trends from 2017 to 2023. The increased level of pest attacks due to climatic changes and rise in the demand for biological pest control know-how results in the growth of the bioinsecticides market. The market is further driven by factors such as technology and product development of innovative bioinsecticides that can be cost effective as well as used on a broad crop portfolio. Bioinsecticide formulations are widely used in North America with the demand for bioinsecticides increasing among countries producing wheat, potato, rice, strawberry, and tomato, which normally face strong insect infestation.

Significant competition to capitalize on the market potential among international manufacturers in Europe and the Americas
The need to maintain the minimum residual level in food products and high-growth prospects for organic food have been driving the agricultural biologicals market growth in these regions.
The market is also influenced by the adoption of modern agricultural practices along with the regulatory support for a sustainable approach to limit excessive agrochemical application. This has further promoted the growth in developing markets, especially in the Asia Pacific and South America.

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The major restraining factor affecting the top 10 trends in the agricultural biologicals industry is the efficacy issues of agricultural biologicals as compared to chemical-based counterparts along with the shelf-life issues of agricultural biological products. Moreover, the adoption of new agricultural practices by farmers depends on factors such as practical viability, economic sustainability, eco-friendliness, and more importantly, government support.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. These companies include BASF (Germany), Bayer CropScience (Germany), Marrone Bio Innovations (US), Monsanto BioAg (US), Valent BioSciences (US), Koppert (Netherlands), and Certis USA (US), which are some of the well-established and financially stable players that have been operating in the industry for several years. Other players include DowDuPont (US), Syngenta (Switzerland), Stockton Group (Israel), Verdesian Life Sciences (US), and Rizobacter Argentina (Argentina).

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