Agricultural Biological Market Is Anticipated To Grow At A Cagr Of 13.8% From 2019 To 2024

By Author: Lucintel LLC
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The global agricultural biological market is projected to grow at a CAGR of 13.8% from 2019 to 2024. The growth of agricultural biological market is driven by increasing demand for bio-based products and government regulations supporting use of bio based products in the agriculture sectors.

Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the global agricultural biological market by product type (biopesticides, biofertilizers, and biostimulants), source(microbials and biochemical), application (cereals & grains, oilseeds & pulses, and fruits & vegetables), and region (North America, Europe, Asia Pacific, and RoW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the agricultural biological market?
Q.4 What are some changing demands of customers in the agricultural biological market?
Q.5 What are the new developments in the agricultural biological market? Which companies are leading these developments?
Q.6 What strategic initiatives ...
... are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this agricultural biological area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this agricultural biological market?

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Market Segmentation:
Based on product type, the agricultural biological market is segmented into biopesticides, biofertilizers, and biostimulants. The biopesticides segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to increasing demand for bioinsecticides and biofungicides for integrated pest management in developed countries.

North America will remain the largest market over the forecast period due to regulations supporting the use of bio-based products.
Key Players in the agricultural biological market are BASF, Monsanto, Bayer Crop Science, Marrone Bio Innovations Inc., Novozymes A/S, Certis U.S.A., and Agrinos AS.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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