What Is The Overview Of The Global Agriculture Biologicals Testing Market?
Agricultural biological testing refers to the process of evaluating and assessing the efficacy, safety, and quality of biological products used in agriculture. This testing involves various scientific methodologies to ensure these products meet regulatory standards, are effective in their intended applications, and do not pose risks to the environment, humans, or non-target organisms.
Agriculture Biologicals Testing Global Market Report 2024 provides data on the global agriculture biologicals testing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The agriculture biologicals testing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Expected Annual Growth Rates And Market Size Estimates For The Global Agriculture Biologicals Testing Sector?
The agriculture biologicals testing market has grown steadily, increasing from $2.48 billion in 2023 to $2.67 billion in 2024 at a CAGR of 7.7%. Historical growth drivers include population growth, adoption of agricultural biologicals, food safety awareness, demand for natural foods, and integrated pest management practices. By 2028, the market is anticipated to grow to $3.64 billion at a CAGR of 8.1%, driven by rising demand for organic food, eco-friendly solutions, high-quality food products, and sustainable soil management. Trends include technological advancements, digital integration, product innovation, enhanced testing capabilities, and genetic engineering.
Which Factors Are Boosting Growth In The Agriculture Biologicals Testing Market?
The increasing shift toward organic farming is driving growth in the agriculture biological testing market. Organic farming emphasizes natural inputs and sustainable practices, driven by health, environmental, and ethical concerns. Agricultural biologicals support organic methods by offering eco-friendly solutions for pest control, soil fertility, and crop productivity. In the UK, the area under organic farming grew to 509,000 hectares in 2022, reflecting a rising commitment to sustainable agriculture.
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What Key Areas Define The Segmentation Of The Global Agriculture Biologicals Testing Market?
The agriculture biologicals testing market covered in this report is segmented –
1) By Product Type: Biopesticides, Biofertilizers, Biostimulants
2) By Application: Field Support, Regulatory, Analytical
3) By End-User: Biological Product Manufacturers, Government Agencies, Plant Breeders, Outsourced Contract Research Organization
How Are Emerging Trends Reshaping The Dynamics Of The Agriculture Biologicals Testing Market?
In the agriculture biological testing market, companies are focused on creating innovative products like insecticide/bio fungicide premixes to enhance accuracy and efficiency in biological testing. These products combine insecticide and bio fungicide to offer broad-spectrum control over pests and diseases in crops. For instance, in November 2023, FMC Corporation, a U.S.-based company, launched Xyway LFR, a premix product for corn crops. It combines flutriafol and bifenthrin for early-season protection and features a liquid fertilizer-ready formulation, ensuring easy application and effective pest management.
Which Region Has The Fastest Expansion In The Agriculture Biologicals Testing Market?
North America was the largest region in the agriculture biologicals testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agriculture biologicals testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
