AGRICULTURAL BIOLOGICALS MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

 

Agricultural Biologicals Market Analysis:

The estimated size of the agricultural biologicals market is USD 7.84 billion in 2023, with an anticipated growth to USD 15.90 billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 15.20% during the forecast period (2023–2028). Agricultural biologicals refer to seed treatment products that are utilized as a substitute for chemicals in farming, primarily to prevent crops from pests, weeds, and diseases, thereby ensuring crop health. The market growth can be attributed to factors such as increased awareness among farmers, rising pest outbreaks in crops, the need to enhance crop yield, and advancements in pest-resistance products.

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