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Top Trends in the Agricultural Biologicals Market to Hit $27.9 billion by 2028
Chicago, Aug. 06, 2024 (GLOBE NEWSWIRE) -- According to a research report top trends in the agricultural biologicals market is projected to grow at a CAGR of 13.7% from an estimated value of USD 14.7 billion in 2023 to reach USD 27.9 billion by 2028. The agricultural biologicals market is growing at a rapid pace, as it is driven by the increasing awareness about the negative environmental consequences of synthetic chemical inputs, such as pesticides and synthetic fertilizers, has led to a shift towards more sustainable alternatives. Agriculture biologicals are perceived as safer and less harmful to the environment, driving their adoption.
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The bionematicides market is projected to experience the highest growth rate during the forecast period. Bionematicides are a type of biopesticide specifically formulated to control and manage nematode infestations in agriculture. Nematodes are microscopic worms that can cause significant damage to crops by feeding on plant roots, impairing nutrient uptake, and transmitting diseases. Several factors contribute to the anticipated growth of the bionematicides market. First and foremost, there is a growing concern regarding the environmental and health impacts of conventional chemical nematicides. These chemical-based solutions often persist in the soil, leading to water contamination and detrimental effects on non-target organisms.
The biocontrols market is projected to emerge as the largest subcategory market within the agriculture biologicals sector during the forecast period. Biocontrols refer to the use of beneficial living organisms or natural substances derived from them to manage pests, diseases, and weeds in agriculture. They offer an environmentally friendly and sustainable alternative ...