Agricultural Biologicals Market Global Industry Forecast 2022

Muthyala11 Apr, 2023Computer & Internet

The global agricultural biologicals market size was valued at USD 10,923.8 million in 2021 and is poised to grow at a significant CAGR of 14.8% during the forecast period 2022-28. The primary reasons that have contributed to a significant increase in food production are population growth and increased consumption of food & goods across globe. Strong organic farming programmes, as well as growing environmental consciousness have increased demand for agricultural biologicals in the agriculture business. Moreover, factors such as deteriorating soil health due to increased use of chemical-based crop protection technologies, decreasing production, and increased insect infestations are driving the expansion of the biologicals segment for crop protection and crop improvement.