PUBLISHER: The Business Research Company | PRODUCT CODE: 1546389
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546389
Agricultural biological testing involves evaluating and assessing the effectiveness, safety, and quality of biological products utilized in agriculture. This process employs diverse scientific methodologies to ensure these products adhere to regulatory standards, perform effectively in their intended roles, and do not pose environmental, human, or non-target organism risks.
The primary types of products subjected to agricultural biological testing include biopesticides, biofertilizers, and biostimulants. Biopesticides are natural substances or organisms designed to control pests through methods such as damage, killing, or repelling. They find application across field support, regulatory compliance, and analytical sectors, serving various end-users such as biological product manufacturers, government agencies, plant breeders, and outsourced contract research organizations.
The agricultural biologicals testing market research report is one of a series of new reports from The Business Research Company that provides agricultural biologicals testing market statistics, including agricultural biologicals testing industry global market size, regional shares, competitors with an agricultural biologicals testing market share, detailed agricultural biologicals testing market segments, market trends, and opportunities, and any further data you may need to thrive in the agricultural biologicals testing industry. This agricultural biological testing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The agriculture biologicals testing market size has grown strongly in recent years. It will grow from $2.48 billion in 2023 to $2.67 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth during the historic period was driven by factors such as a growing population, increased adoption of agricultural biologicals, rising awareness of food safety, higher consumption of natural foods, and increased adoption of integrated pest management practices.
The agriculture biologicals testing market size is expected to see strong growth in the next few years. It will grow to $3.64 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth expected in the forecast period can be attributed to the rising consumption of organic food, increasing demand for eco-friendly alternatives, growing preference for high-quality food products, higher use of synthetic chemicals, and a heightened focus on sustainable soil health management. Key trends anticipated in the forecast period include technological advancements, integration of digital technologies, product innovations, enhanced testing capabilities, and advancements in genetic engineering techniques.
The agriculture biological testing market is poised for growth due to the rising adoption of organic farming. Organic farming, characterized by natural inputs and practices, is gaining favor due to health, environmental, ethical, and economic considerations. This trend reflects broader societal shifts towards sustainable and health-conscious lifestyles. Agricultural biologicals are pivotal in supporting organic farming by offering natural and sustainable solutions for challenges such as pest control, soil fertility, and crop productivity. For example, in May 2023, the UK's Department Of Environment Food & Rural Affairs reported a 0.4% increase in the total area under organic farming in 2022, reaching 509 thousand hectares (including fully converted and under-conversion areas). Thus, the growing preference for organic farming is a key driver of the agriculture biological testing market's expansion.
Major companies in the agriculture biological testing market are concentrating on developing innovative products such as insecticide/bio fungicide premixes. These aim to improve the accuracy, efficiency, and scalability of testing processes, ensuring the safe and effective application of biological products in agriculture. An insecticide/bio fungicide premix combines insecticide and bio fungicide in a single formulation, offering broad-spectrum control of insects and diseases in crops. These products typically contain synthetic and biologically active ingredients, providing multiple modes of action for effective pest management. For example, in November 2023, FMC Corporation, a US-based agricultural sciences company, introduced Xyway LFR, a new insecticide/bio fungicide premix. This product combines flutriafol and bifenthrin to protect against early-season insects and diseases in corn. Xyway LFR features a unique liquid fertilizer-ready (LFR) formulation, facilitating easy mixing with liquid fertilizers. It can be applied in-furrow or as a 2x2 band during planting, offering growers a convenient and effective solution for managing pests and diseases in their corn crops.
In January 2023, Sumitomo Chemical, a Japan-based chemical company, completed the acquisition of FBSciences Holdings, Inc. for an undisclosed sum. This acquisition significantly expanded Sumitomo Chemical's biorational business, particularly in biostimulants. FBSciences Holdings, Inc., headquartered in the US, specializes in providing agricultural biological testing products and technologies.
Major companies operating in the agriculture biologicals testing market are Syngenta AG, BASF SE, Bayer AG, Corteva Agriscience, SGS SA, Eurofins Scientific SE, UPL Limited, Bureau Veritas, FMC Corporation, Intertek Group, ALS Limited, Valagro, Syntech Research, Certis U.S.A. LLC, Staphyt SA, RJ Hill Laboratories Ltd., Valent BioSciences Corporation, Sustane natural fertilizer inc, i2LResearch, Andermatt Group AG, Biotecnologie B.T. Srl, EAGLE PLANT PROTECT PVT. LTD.
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.
The countries covered in the agriculture biologicals testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The agriculture biologicals testing market includes revenues earned by entities by providing efficacy testing, safety testing, quality testing, residue testing, mode of action studies, field performance monitoring, regulatory compliance testing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Agriculture Biologicals Testing Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on agriculture biologicals testing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for agriculture biologicals testing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The agriculture biologicals testing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.