Growth of the agricultural #biologicals market is driven by the growing preference for organic products.
The global agricultural biologicals market is projected to grow at a CAGR of 13.7% from an estimated value of USD 14.7 billion in 2023 to reach USD 27.9 billion by 2028.
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The global agricultural biologicals market is expected to experience a Compound Annual Growth Rate (CAGR) of 13.7% from an estimated value of USD 14.7 billion in 2023 to reach USD 27.9 billion by 2028. Factors such as the increasing awareness of organic food products, concerns about environmental safety, and favorable regulations are driving the growth of the agricultural biologicals market.
Agricultural biological products have become an integral part of integrated pest management practices (IPM) in developed markets, where they are used in conjunction with new synthetic crop chemistries. Key players in the market are adopting strategies such as expansions, new product launches, and agreements to strengt