According to the research report titled, ‘Global Agricultural Biologicals Market Size study, by Function Type (Crop Protection, Crop Enhancement), by Product Type (Microbials, Macrobials, Semiochemicals, Natural Product), by Application (Foliar Spray, Seed Treatment, Soil Treatment), by Crop (Macro indicators, Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Crop Types) and Regional Forecasts 2021-2027’, available with Market Study Report, global agricultural biologicals market was evaluated at USD 9.99 billion in 2020 and is anticipated to amass USD 24.24 billion by 2027, growing at 13.5% CAGR between 2021-2027.
 

Growing awareness among farmers, development of advanced pest-resistance products, and higher number of pest outbreaks are key factors fueling global agricultural biologicals industry expansion.
 

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For the unaware, agricultural biologicals are seed treatment products which are primarily used as a replacement to chemicals in farming. They are employed to maintain crop health by protecting them from weeds, pests, and diseases.
 

Increasing demand for food commodities due to rise in population has prompted farmers to take measures to enhance crop yield. Initiatives by governments to do the same will drive market growth as well. According to the IBEF, the Indian government allocated USD 15.34 million for the Soil Health Card Scheme in the financial year 2019-2020. 
 

While inclination towards sustainable agriculture will aid market proliferation, lack of skilled labor is poised to act as a challenge in this business sphere.
 

Based on function type, worldwide agricultural biologicals industry is divided into crop enhancement, and crop protection. Speaking of product gamut, the market sphere is fragmented into microbials, semiochemicals, macrobials, and natural product. As per application scope, the business space is bifurcated into soil treatment, foliar spray, and seed treatment. Macro indicators, oilseeds & pulses, cereals & grains and fruits & vegetables are the segments based on crop type.
 

From regional frame of reference, North America agricultural biologicals industry is projected to expand rapidly between 2021-2027, due to technological developments and rising product awareness among farmers. Meanwhile, Asia Pacific market is speculated to witness significant growth over the analysis period, owing to growing disposable income, presence of leading companies, and enhancement in agricultural practices.
 

Key players profiled in the report are Valent BioSciences Corporation, BASF SE, United Phosporus Ltd. (UPL Ltd.), Bayer AG, Lallemand Inc., STK Bio-Ag Technologies, Vegalab S.A., Isagro S.p.A, Evogene Ltd., and Marrone Bio Innovations.