The Middle East and Africa agricultural biologicals market size is expected to reach USD 2 billion in 2024 and reach USD 2.60 billion by 2029, growing at a CAGR of 5.4% from 2024 to 2029.
Agricultural biologicals are a group of products derived from plant extracts, naturally occurring microorganisms. The market is going to witness tremendous growth because of the market leaders embracing innovative technologies for the production of biological products. Most of the key players are increasing their production capacity by developing new plants or by acquiring existing players to increase their portfolio of products.
The Middle East and Africa Agricultural Biologicals Market is driven by increasing demand for organic products, improving yield and productivity, growing population, increasing spending in R&D efforts, support from the government, rapid growth in the use of these products in seed treatment, and increasing health consciousness are the factors driving the growth of the market. Lack of awareness among the farmers and reluctant to change from existing practices of chemical pesticides are limiting the market.
Some of the major companies dominating the market are BASF, Bayer Crop Science, Syngenta, Novozymes A/S, Isagro, Arysta Lifescience Limited, Arysta LifeScience Corporation, Valent BioScience Corporation, Marrone Bio Innovations Inc., Certis U.S.A and Koppert B.V.
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