According to TechSci Research report, “Europe Agricultural Biologicals Market, By Function (Crop Protection and Crop Enhancement), By Product Type (Microbials, Macrobials, Semiochemicals, Natural Products, By Mode of Application (Foliar spray, Soil Treatment, and Seed treatment), By Crop Type (Macro indicators, Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other), By Country, Competition, Forecast & Opportunities, 2027”, Europe agricultural biologicals market is expected to witness a substantial CAGR over the forecast period.
Growing consumer interest in organic products is one of the major factors accounting for the growth of Europe's agricultural biologicals market. Moreover, weed and insect resistance to chemical seeds which are used in agriculture is expected to bode well for the growth of Europe's agricultural biologicals market through the forecast period. In addition to this, the rise in awareness among farmers regarding the use of biologicals is positively influencing the growth of Europe's agricultural biologicals market.
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Also, the surging production of cereals, grains, fruits & vegetables, among others is making headway for the growth of Europe's agricultural biologicals market over the coming years. Along with this, stringent rules for the use of the excessive amount of synthetic fertilizers by regulatory bodies are positively contributing to the market growth during the next five years. However, there are some factors that might act as major impediments to the growth of Europe's agricultural biologicals market through 2027 including the lower shelf life of the products.
Europe's agricultural biologicals market can be segmented based on function, product type, mode of application, crop type, company, and region.
Considering the crop type, the market is fragmented into macro indicators, cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Here, the fruits & vegetable segment dominated the Europe agricultural biologicals market in terms of largest market share until 2019 and is further anticipated to maintain its dominance during the forecast period as well.
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This growth is attributable to a rise in demand for organic fruits & vegetables, which in turn leads to high usage of biocontrol products to enhance the yield. Furthermore, biostimulants are proven to improve the shape and size of fruits, thereby increasing crop yield. In addition to this, the usage of biostimulants also improves the shelf life of crops, including tomatoes, apples, grapes, and mangoes, which is further contributing to the growing trend.
BASF SE, Isagro S.P.A., Syngenta Crop Protection AG, Bayer AG, UPL, Marrone Bio Innovations, Evogene Ltd, Vegalab S.A., Lallemand, Valent Biosciences, Stockton Bio-AG, Biolchim S.P.A., Rizobacter, Valagro, Koppert Biological Systems, are among others are the leading players operating in Europe agricultural biologicals market.
The players are adopting several growth strategies to enhance the market scenario of agricultural biologicals. Other competitive strategies include product launches; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diversify their product portfolio in order to strengthen their market position.
“Europe is forecast to register high growth in the agricultural biologicals market over the next five years on account of the growing requirement for new innovations in order to meet the food needs of a growing population in the region. Furthermore, rising investments in research and development are further boosting the market growth for agricultural biologicals in the region.
In addition to this, surging concerns pertaining to the environmental impacts of current agricultural practices, are further propelling the market growth.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Europe Agricultural Biologicals Market, By Function (Crop Protection and Crop Enhancement), By Product Type (Microbials, Macrobials, Semiochemicals, Natural Products, By Mode of Application (Foliar spray, Soil Treatment, and Seed treatment), By Crop Type (Macro indicators, Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other), By Country, Competition, Forecast & Opportunities, 2027” has evaluated the future growth potential of Europe agricultural biologicals market and provides statistics & information on market size, structure and future market growth.
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The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Europe's agricultural biological market.
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