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Meticulous Research® Releases In-Depth Analysis of the Agricultural Biologicals Market, Forecasting a CAGR of 12.2% Through 2029

Redding, California —[26-08-2024]—Meticulous Research®, a globally recognized leader in market intelligence, has published its latest report, titled Agricultural Biologicals Market by Product Type (Biopesticides, Biostimulants, Biofertilizers), Source (Microbial, Biochemical), Formulation (Liquid), Mode of Application (Seed Treatment), Crop Type (Fruits & Vegetables), and Geography—Forecast to 2029.”

The report reveals that the global agricultural biologicals market is projected to reach $20.81 billion by 2029, growing at a compound annual growth rate (CAGR) of 12.2% from 2022 to 2029. This robust growth is primarily driven by the increasing shift towards organic farming and the rising demand for organic food products, coupled with growing environmental awareness, government initiatives, and significant investments from key industry players. Despite these drivers, the market faces challenges such as limited farmer education and awareness and barriers to entry for new players. However, emerging markets in Asia-Pacific and Latin America present substantial growth opportunities, owing to their vast agricultural diversity and arable land.

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Market Segmentation and Key Insights

The comprehensive study provides a detailed analysis of historical market data (2020 and 2021), current estimates for 2022, and projections through 2029. The market is segmented into various categories, including product type, source, formulation, mode of application, and crop type, and it examines regional and country-level markets.

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Regional Growth

The report also highlights significant geographic trends, with Latin America expected to lead the market’s growth during the forecast period. This region’s rapid expansion is attributed to increasing food demand, rising popularity of organic products, and a heightened focus on environmental sustainability.

Key Market Players

The competitive landscape of the global agricultural biologicals market includes prominent players such as Bayer AG (Germany), Koppert B.V. (Netherlands), Marrone Bio Innovations (U.S.), FMC Corporation (U.S.), Gowan Company LLC (U.S.), Vegalab SA (Switzerland), and Syngenta AG (Switzerland), among others. These companies are driving innovation and shaping the future of sustainable agriculture through strategic investments and collaborations.

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About Meticulous Research®

Meticulous Research® is a leading provider of high-quality market research and consulting services. With a global presence and deep domain expertise, the company delivers actionable insights that empower businesses to make informed decisions and drive growth.

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