The global agricultural biologicals market is expected to grow at a CAGR of 9.27% from 2022 to 2028.

The global agricultural biologicals market is expected to grow at a CAGR of 9.27% from 2022 to 2028.  Yahoo Finance

The global agricultural biologicals market is expected to grow at a CAGR of 9.27% from 2022 to 2028.

MARKET TRENDS & OPPORTUNITIES

Emerging Organic Farming

The demand for organic farming is being propelled by its environmental advantages. Organic farming practices help reduce soil and groundwater contamination by eliminating chemical fertilizers and pesticides.

Expanding Sustainable Agriculture

The agricultural sector holds immense importance in the global economy as it employs a significant portion of the global workforce of numerous countries. However, conventional farming practices, characterized by intensive use of synthetic fertilizers and pesticides, monoculture, and large-scale industrial farming, have had adverse effects on the environment, public health, and food security on a global scale. Sustainable agriculture has emerged as a viable solution to counter these problems. It offers a path towards a more resilient, equitable, and environmentally sustainable food system that benefits all stakeholders. Sustainable agriculture has become increasingly crucial in the present times. Climate change has led to variable weather patterns, increased soil degradation, and declining groundwater levels, posing significant challenges for farmers in meeting the growing food demands of a growing population.

SEGMENTATION INSIGHTS

INSIGHTS BY PRODUCT

The biopesticides product dominated the global agricultural biologicals market in 2022, holding a significant share of over 50% owing to the increasing utilization of biopesticides in soil, foliage, and turfs, particularly in North American and European countries and has contributed to its substantial market share. Key biopesticide products include insect sex pheromones and scented plants, which attract and trap pests. Microbial pesticides, on the other hand, contain active ingredients that effectively control various pest types. Among these, microbial pesticides containing Bacillus thuringiensis strains are widely adopted due to their ability to produce a protein mix that eliminates pests.

Segmentation by Product

  1. Biopesticides
    • Biochemicals
    • Microbial Pesticides
  2. Bio Stimulants
    • Acid-Base
    • Seaweed Extract
    • Microbial Stimulants
    • Other Bio Stimulants
  3. Bio-Fertilizers
    • Nitrogen Fixation
    • Phosphate Solubilizing
    • Other Bio-Fertilizers
  4. Others

INSIGHTS BY APPLICATION

The global agricultural biologicals market by application can be segmented as foliar spray, seed treatment, soil treatment, and post-harvest. In 2022, the foliar spray method dominated the market, primarily due to the significant demand for biologicals in enhancing seed properties to improve crop yield. The excessive use of synthetic fertilizers and other chemical crop care products like pesticides and insecticides in recent years has led to significant degradation of soil quality in major agricultural economies. However, governments have started implementing regulations in the agricultural sector to address the environmental hazards caused by the excessive use of chemical products in farming. This regulatory approach is expected to grow bio-fertilizer in various seed and soil applications worldwide.

Segmentation by Application

  • Foliar Spray
  • Seed Treatment
  • Soil Treatment
  • Post-Harvest

INSIGHTS BY CROP TYPE

The cereals & grains crop type segment held the largest global agricultural biologicals market in 2022. The larger share can be attributed to the increasing global demand for crops such as wheat, rice, corn, barley, and millet. Advancements in microbiology have played a crucial role in determining the appropriate composition of agricultural biologicals for wheat cultivation, leading to a high demand for biologics and driving the growth of this segment. Cultivating cereals & grains requires a significant quantity of various agricultural biologicals, particularly bio-fertilizers, for promoting healthy growth. Studies conducted worldwide have shown that the injection of Azotobacter bacteria in cereal & grain crops reduces the nitrogen requirement of the plants and facilitates their development. Additionally, for optimal wheat growth, using phosphate solubilizing bacteria and Azotobacter inoculation has proven to be highly effective bio-fertilizers in terms of crop yield.

Segmentation by Crop Types

  • Cereals & Grains
  • Oilseed & Pulses
  • Fruits & Vegetables
  • Others

GEOGRAPHICAL ANALYSIS

North America emerged as the global agricultural biologicals market leader, capturing a significant share of approximately 39% in 2022. The regional growth can be attributed to the strong presence of global agricultural product manufacturers, with most producers concentrated in the United States. Additionally, the region’s agricultural practices have constantly evolved, incorporating advanced farming techniques, technological advancements, continuous research and development, and government regulations promoting sustainable farming methods. States such as North Dakota, California, Montana, Wisconsin, and New York have emerged as key players in organic cultivation within the United States.

Segmentation by Geography

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
  • APAC
    • China
    • Japan
    • India
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE

SDGs, Targets, and Indicators

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 6: Clean Water and Sanitation
  • SDG 7: Affordable and Clean Energy
  • SDG 12: Responsible Consumption and Production
  • SDG 13: Climate Action
  • SDG 15: Life on Land

The article discusses the importance of sustainable agriculture, organic farming, and the negative impacts of conventional farming practices on the environment, public health, and food security. These issues are directly connected to the SDGs mentioned above.

2. What specific targets under those SDGs can be identified based on the article’s content?

  • SDG 2.4: By 2030, ensure sustainable food production systems and implement resilient agricultural practices that increase productivity and production, that help maintain ecosystems, that strengthen capacity for adaptation to climate change, extreme weather, drought, flooding, and other disasters, and that progressively improve land and soil quality.
  • SDG 3.9: By 2030, substantially reduce the number of deaths and illnesses from hazardous chemicals and air, water, and soil pollution and contamination.
  • SDG 6.3: By 2030, improve water quality by reducing pollution, eliminating dumping and minimizing release of hazardous chemicals and materials, halving the proportion of untreated wastewater, and increasing recycling and safe reuse globally.
  • SDG 7.2: By 2030, increase substantially the share of renewable energy in the global energy mix.
  • SDG 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.
  • SDG 13.2: Integrate climate change measures into national policies, strategies, and planning.
  • SDG 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.

The targets mentioned above align with the issues discussed in the article, such as sustainable food production, reducing pollution, promoting renewable energy, managing chemicals and wastes, integrating climate change measures, 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?

  • Indicator for SDG 2.4: Proportion of agricultural area under productive and sustainable agriculture.
  • Indicator for SDG 3.9: Mortality rate attributed to household and ambient air pollution.
  • Indicator for SDG 6.3: Proportion of wastewater safely treated.
  • Indicator for SDG 7.2: Renewable energy share in total final energy consumption.
  • Indicator for SDG 12.4: Hazardous waste generated per capita and proportion of hazardous waste treated, disaggregated by treatment type.
  • Indicator for SDG 13.2: Number of countries that have communicated the establishment or operationalization of an integrated policy/strategy/plan that increases their ability to adapt to the adverse impacts of climate change.
  • Indicator for SDG 15.5: Red List Index.

The indicators mentioned above can be used to measure progress towards the identified targets. They provide specific metrics to assess the extent to which sustainable agriculture, pollution reduction, renewable energy adoption, waste management, climate change integration, and biodiversity protection are being achieved.

Table: SDGs, Targets, and Indicators

SDGs Targets Indicators
SDG 2: Zero Hunger 2.4: By 2030, ensure sustainable food production systems and implement resilient agricultural practices Proportion of agricultural area under productive and sustainable agriculture
SDG 3: Good Health and Well-being 3.9: By 2030, substantially reduce the number of deaths and illnesses from hazardous chemicals and pollution Mortality rate attributed to household and ambient air pollution
SDG 6: Clean Water and Sanitation 6.3: By 2030, improve water quality by reducing pollution and increasing safe reuse Proportion of wastewater safely treated
SDG 7: Affordable and Clean Energy 7.2: By 2030, increase substantially the share of renewable energy Renewable energy share in total final energy consumption
SDG 12: Responsible Consumption and Production 12.4: By 2020, achieve environmentally sound management of chemicals and wastes Hazardous waste generated per capita and proportion of hazardous waste treated
SDG 13: Climate Action 13.2: Integrate climate change measures into national policies, strategies, and planning Number of countries with integrated climate change policies/strategies/plans
SDG 15: Life on Land 15.5: Take urgent and significant action to reduce degradation of natural habitats and protect biodiversity Red List Index

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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