Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
Novel innovations in sustainable agricultural biologicals, food demands of an expanding global population, rising consumer interest in environmentally-friendly solutions, weed and insect resistance to agricultural chemicals, and concerns about the environmental impact of current agricultural practices are a few factors expected to drive the global agricultural biologicals market. Demand for solutions aimed at combating abiotic stress is expected to increase. The primary markets are likely to be North America, Europe, Latin America, and Asia.
Agricultural biologicals provide growers solutions to combat resistance, improve soil health and decrease residue. Consumers have also readily adopted these solutions to enhance crop and soil health and increase production. Solution providers are consistently engaged in research and development activities to come up with advanced and innovative solutions. At the same time, companies are constantly looking to enhance their capacities and gain competitive advantages in order to increase their market share. For example, in 2020, Syngenta Crop Protection acquired Valagro, an innovation based firm engaged in biologicals, especially biostimulants. The acquisition strengthened the position of Syngenta Crop Protection in the growing biologicals market as Syngenta, with extensive research and development capabilities and an innovative biologicals portfolio, sought new commercial opportunities and greater access to global agriculture markets through the acquisition.
In 2022, Syngenta Crop Protection acquired two next generation bioinsecticides - NemaTrident® and UniSpore® - from Bionema Limited to combat increasing resistance and a variety of insects and pests across horticulture and ornamentals, turf amenity and forestry, offering customers greater choice.
In 2019, Advanced BioNutrition and GreenLight Biosciences announce a collaboration to develop high stability RNA products aimed at particular agriculture applications. Through the collaboration, the companies sought to enhance the stability and performance of RNA technology from GreenLight to fulfil rising demand from growers, consumers and the food industry for sustainable pest control solutions.
In 2022, BASF Venture Capital and Orbia Ventures invested in Israeli Biotech company FortePhest, a firm leading in nature-inspired development of novel substances. FortePhest is engaged in the development of a new technology to fight herbicide-resistant weeds and invasive plants. Inspired by natural plant processes, the company supports crop protection globally by implementing the technology that aims to resolve the challenge posed by weeds and invasive plant species.
In 2020, Gowan Company announced that its novel botanical-based fungicide - EcoSwing® - was registered for use in California. EcoSwing exhibited consistent effectiveness against major pathogens in almonds, grapes, berries, and stone fruit. Primary studies also suggested that EcoSwing could help in initiating innate plant responses to stimulate plant defence mechanisms against fungal pathogens.
In 2021, Marrone Bio Innovations, Inc. secured exclusive rights to high-performing strains of Streptomyces acidiscabies, allowing for speedy commercialization of a new, second-generation bioherbicide, MBI-006. The addition of these strains, developed by and licensed from Novozymes, would optimize MBI-006’s use rate, decrease production cost of production, and improve performance.
Key Findings of the Report:
Market Analysis by Type, Source, Application, Crop Type and Region:
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.