"Agricultural Biologicals Market Projections: Doubling in Value to USD 17.9 Billion by 2030"
Global Agricultural Biologicals Market Overview Agricultural Biologicals Market Size was valued at USD 8.0 billion in 2022. The Agricultural Biologicals market industry is projected to grow from USD 8.9 Billion in 2023 to USD 17.9 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.2% during the forecast period (2023 - 2030). The increasing demand for organic and sustainable agriculture is one of the major drivers of the agricultural biologicals market. Organic farming practices do not allow the use of synthetic pesticides and herbicides, so farmers are increasingly turning to agricultural biologicals to control pests and diseases. The growing concerns about the environmental impact of synthetic pesticides is another major driver of the market. Synthetic pesticides can pollute water bodies and harm wildlife, so there is a growing demand for more environmentally friendly alternatives. The development of new biocontrol technologies is also contributing to the...