Agricultural Biologicals Market To Reach USD 13500 million by 2029, witnessing a CAGR of 7.1% | Valuates Reports
Agricultural Biologicals Market To Reach USD 13500 million by 2029, witnessing a CAGR of 7.1% | Valuates Reports Yahoo Finance
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Bangalore, India, Aug. 4, 2023 – Agricultural Biologicals Market to Reach USD 13,500 Million by 2029: Valuates Reports
The Agricultural Biologicals Market is projected to witness a CAGR of 7.1% during the forecast period 2023-2029, according to a report published by Valuates Reports under the Agriculture & Forestry category.
Market Segmentation
The market is segmented by type into Biopesticides, Biostimulants, and Biofertilizers. It is further segmented by application into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others.
Market Value
The Agricultural Biologicals market was valued at USD 8,285.7 million in 2022 and is anticipated to reach USD 13,500 million by 2029.
Factors Driving Market Growth
- The prevalence of pest outbreaks in crops
- Rising consumer awareness and demand for high-quality agricultural food
- Pest resistance to various plant protection products
- Growing demand for foods produced through organic farming
Trends Influencing Market Growth
- Importance of biofertilizers and biopesticides in integrated nutrient management and soil fertility restoration
- Focus on sustainable food and agriculture, resource usage efficiency, environmental protection, and system resilience
- Increased demand for organic foods and drinks
- Government support for the development and use of bio-pesticides and bio-fertilizers
Market Share Analysis
Biopesticides have the largest market share in the global Agricultural Biologicals market due to the focus on developing pest resistance products for high-quality crop production.
North America emerged as the top region with the largest market share, driven by the need for biological crop production and protection solutions and access to advanced agricultural technology.
Key Companies
- Bayer
- Syngenta
- Monsanto BioAg
- BASF
- Dupont
- Marrone Bio Innovations
- Arysta Lifescience
- Certis USA
- Koppert
- Valagro
- Biolchim
- Valent Biosciences
- Isagro
For more information, download the full report from Valuates Reports: https://reports.valuates.com/market-reports/QYRE-Auto-38P671/global-agricultural-biologicals
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SDGs, Targets, and Indicators Analysis
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 2: Zero Hunger
- SDG 3: Good Health and Well-being
- SDG 12: Responsible Consumption and Production
- SDG 13: Climate Action
- SDG 15: Life on Land
The article discusses the growth of the Agricultural Biologicals Market, which is connected to several SDGs. SDG 2 aims to achieve zero hunger by promoting sustainable agriculture and improving food security. SDG 3 focuses on ensuring good health and well-being, which can be supported by the use of agricultural biologicals that reduce the need for harmful pesticides. SDG 12 promotes responsible consumption and production, which can be achieved through the use of sustainable agricultural practices. SDG 13 addresses climate action, and the use of agricultural biologicals can contribute to reducing greenhouse gas emissions and mitigating climate change. Finally, SDG 15 aims to protect and restore ecosystems, and the use of agricultural biologicals can help preserve biodiversity and promote sustainable land use.
2. What specific targets under those SDGs can be identified based on the article’s content?
- Target 2.4: By 2030, ensure sustainable food production systems and implement resilient agricultural practices that increase productivity and production.
- Target 3.9: By 2030, substantially reduce the number of deaths and illnesses from hazardous chemicals and air, water, and soil pollution and contamination.
- Target 12.4: By 2020, achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their release to air, water, and soil to minimize their adverse impacts on human health and the environment.
- Target 13.3: Improve education, awareness-raising, and human and institutional capacity on climate change mitigation, adaptation, impact reduction, and early warning.
- Target 15.5: Take urgent and significant action to reduce the degradation of natural habitats, halt the loss of biodiversity, and protect and prevent the extinction of threatened species.
Based on the article’s content, the identified targets are relevant to the issues discussed. These targets focus on sustainable food production systems, reducing pollution and contamination from chemicals, managing wastes, raising awareness on climate change, and protecting biodiversity.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
Yes, there are indicators mentioned or implied in the article that can be used to measure progress towards the identified targets. These indicators include:
- Market value: The increase in market value of the Agricultural Biologicals Market can be an indicator of progress towards sustainable food production systems (Target 2.4) and environmentally sound management of chemicals (Target 12.4).
- CAGR (Compound Annual Growth Rate): The CAGR of 7.1% during the forecast period can indicate progress towards sustainable food production systems (Target 2.4) and climate change mitigation (Target 13.3).
- Prevalence of pest outbreaks: The prevalence of pest outbreaks in crops can be an indicator of the need for resilient agricultural practices (Target 2.4).
- Consumer awareness and demand for high-quality agricultural food: The rising consumer awareness and demand for high-quality agricultural food can indicate progress towards sustainable food production systems (Target 2.4) and reduction of illnesses from hazardous chemicals (Target 3.9).
- Expansion of organic farming: The expansion of organic farming can be an indicator of progress towards sustainable food production systems (Target 2.4) and protection of natural habitats (Target 15.5).
These indicators provide measurable data that can be used to assess progress towards the identified targets.
SDGs, Targets, and Indicators Table
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 2: Zero Hunger | Target 2.4: By 2030, ensure sustainable food production systems and implement resilient agricultural practices that increase productivity and production. | – Market value – Prevalence of pest outbreaks – Consumer awareness and demand for high-quality agricultural food – Expansion of organic farming |
| SDG 3: Good Health and Well-being | Target 3.9: By 2030, substantially reduce the number of deaths and illnesses from hazardous chemicals and air, water, and soil pollution and contamination. | – Consumer awareness and demand for high-quality agricultural food |
| SDG 12: Responsible Consumption and Production | Target 12.4: By 2020, achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their release to air, water, and soil to minimize their adverse impacts on human health and the environment. | – Market value |
| SDG 13: Climate Action | Target 13.3: Improve education, awareness-raising, and human and institutional capacity on climate change mitigation, adaptation, impact reduction, and early warning. | – CAGR (Compound Annual Growth Rate) |
| SDG 15: Life on Land | Target 15.5: Take urgent and significant action to reduce the degradation of natural habitats, halt the loss of biodiversity, and protect and prevent the extinction of threatened species. | – Expansion of organic farming |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: finance.yahoo.com
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