Stricter regulations enforced by governments and regulatory bodies globally aim to safeguard human health and the environment by limiting the use of chemical pesticides. Consequently, there is a growing demand for safer and more sustainable alternatives, driving the increased adoption of agricultural biologicals across the globe.
The global agricultural biologicals market is projected to reach $27.9 billion by 2028, growing at a CAGR of 13.8% from 2023 to 2028, according to a new report by MarketsandMarkets™. The growth of the market is attributed to the growing awareness of the environmental impact of conventional agriculture and the increasing demand for sustainable farming practices.
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Agricultural biologicals are naturally occurring substances that are used to improve crop health, productivity, and quality. They include beneficial microorganisms, plant extracts, and biopesticides. Agricultural biologicals offer a number of advantages over conventional chemical pesticides, including:
- They are safer for the environment and human health.
- They are more effective in controlling pests and diseases.
- They improve soil health and fertility.
- They increase crop yields and quality.
The demand for agricultural biologicals is increasing in all regions of the world, but the growth is particularly strong in South America. This is due to the vast agricultural lands in the region and the growing awareness of the environmental impact of conventional agricultural practices.
Report: www.marketsandmarkets.com/.asp?id=100393324
The key players in the agricultural biologicals market include BASF SE, Syngenta AG, Bayer AG, UPL, and Corteva Agriscience. These players are focusing on developing new products and expanding their global presence to meet the growing demand for agricultural biologicals.
The agricultural biologicals market is a growing market with significant potential. The increasing demand for sustainable farming practices is driving the growth of the market. The key players in the market are focusing on developing new products and expanding their global presence to meet the growing demand.
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