Growth of Sustainable Farming Practices Drives the Agricultural Biologicals Market
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"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:
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.
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Global Agricultural Biologicals Market, Forecast to 2030
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Corporate Communications
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