Lucintel anticipates that North America will be the fastest growing region in the agricultural biological market

   October 22, 2019
According to a new market report by Lucintel, the future of the agricultural biological market looks promising with opportunities in cereals & grains, oilseeds & pulses, and fruits & vegetables. The agricultural biological market is expected to grow with a CAGR of 13.8% from 2019 to 2024. The major drivers for this market are increasing demand for bio-based products and government regulations supporting use of bio based products in the agriculture sectors.

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In this market, biopesticides, biofertilizers, and biostimulants are used in various applications. On the basis of comprehensive research, biopesticides will remain the largest market and it is also expected to witness highest growth over the forecast period due to increasing demand for bioinsecticides and biofungicides for integrated pest management in developed countries.

Within the agricultural biological market, cereals & grains, oilseeds & pulses, and fruits & vegetables are the major applications.

North America will remain the largest market over the forecast period due to regulations supporting the use of bio-based products.

BASF, Monsanto, Bayer Crop Science, Marrone Bio Innovations Inc., Certis U.S.A., and Agrinos AS are among the major manufacturers of agricultural biological products.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the agricultural biological market by product type, source, application, and region. Lucintel has prepared a comprehensive research report titled "Agricultural Biological Market 2019-2024: Trends, Forecast, And Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the agricultural biological market by product type, source, application, and region as follows:

By Product Type [$M shipment analysis for 2013 – 2024]:

  • Biopesticides

  • Biofertilizers

  • Biostimulants

By Source [$M shipment analysis for 2013 – 2024]:

  • Microbials

  • Biochemicals

By Application [$M shipment analysis for 2013 – 2024]:

  • Cereals & Grains

  • Oilseeds & Pulses

  • Fruits & Vegetables

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • U.K.

    • Italy

    • Spain

    • Russia

    • Rest of Europe

  • Asia Pacific

    • China

    • Japan

    • India

    • Indonesia

    • Rest of Asia Pacific

  • ROW

    • Brazil

    • Argentina

    • Saudi Arabia

    • Others

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

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