Presentation is loading. Please wait.

Presentation is loading. Please wait.

MarketsandMarkets Presents Agricultural Biologicals Testing Market worth 1.12 Billion USD by 2021.

Similar presentations


Presentation on theme: "MarketsandMarkets Presents Agricultural Biologicals Testing Market worth 1.12 Billion USD by 2021."— Presentation transcript:

1 MarketsandMarkets Presents Agricultural Biologicals Testing Market worth 1.12 Billion USD by 2021

2 The report "Agricultural Biologicals Testing Market by Product Type (Biopesticides, Biofertilizers, Biostimulants), Application (Field Support, Analytical, Regulatory), End User, and Region - Global Forecast to 2021", The agricultural biologicals testing market is projected to reach USD 1.12 Billion by 2021, at a CAGR of 10.4% from 2016. The market is driven by factors such as increasing cultivation of organic crops, growing number of regulations, and awareness regarding sustainable agriculture.Agricultural Biologicals Testing Market Browse 59 market data tables 48 figures 116 pages and in-depth TOC on “Agricultural Biologicals Testing Market ” You can speak to our research expert to know more about this report@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=51724226 With the rapid growth in the agricultural industry, the demand for sustainable and safe agriculture products has increased. The crop production is projected to increase in parallel with the growing population. However, increasing focus on preserving natural resources such as land and water has encouraged the farmers to adopt sustainable food production techniques such as organic farming. Minimization of the use of conventional pesticides also helps in decreasing the risk associated with soil infertility and hazardous effects on human health.

3 The biopesticides segment is projected to be the fastest-growing during the period 2016–2021 The biopesticides segment is projected to be the fastest-growing product type to be tested in this market due to a shift towards the use of these products from traditional agrochemicals that degrade soil quality. Biopesticide testing services help product developers to ensure efficiency and reliability of their products. Therefore, in major biologicals manufacturing countries such as the U.S. and China, there is a growing market for biopesticide testing. Field support is the major application segment in the agricultural biologicals testing market Field support accounted for the largest share, by application, of agricultural biologicals testing in 2015. Under this category, field trials are conducted to test for efficacy, toxicity, and stability. Analytical testing services accounted for the second-largest share in 2015, primarily due to the high expenditure on research & development activities by biological product manufacturers. European and North American regions dominated the agricultural biologicals testing market in 2015 The European region was the largest market for agricultural biologicals testing in 2015. Countries such as Germany, France, the U.K., and Italy are prominent users of agricultural biologicals testing services for compliance requirements of biopesticides, biofertilizers, and biostimulants.

4 The end users of agricultural biologicals testing solutions such as biological product manufacturers and government agencies are projected to drive the market growth Biological product manufacturers The primary end-user segment of the agricultural biologicals testing market comprises the manufacturers of biological products. Biopesticide and biofertilizer manufacturers that are focusing on expanding in Europe need to examine the products through tests and submit dossiers for registration, according to the legal requirement of countries. The biological manufacturers segment accounts for a major share due to increasing manufacture of products in the agricultural sector that comply with the government regulations in the Asia Pacific region. In addition, manufacturers use these services to test for efficacy, toxicity, regulatory compliance, as well as the effect on non-target organisms, successive crops, and adjacent crops. Government agencies Government agencies involved in the agricultural industry are the major users of agricultural biological product testing services. These agencies utilize these services to set benchmarks for the evaluation of biopesticides, biofertilizers, and biostimulants. The quality and features of the products offered in the market are examined for compliance with the standards and regulations. Moreover, lack of facilities at public universities and state-owned laboratories has led the government agencies to send samples of these products to be tested by private contract research organizations. The services of agricultural biologicals testing companies are availed by government agencies for the preparation of guideline documents as well as research papers. https://www.marketsandmarkets.com/Market-Reports/agricultural-biological-testing-market- 51724226.html

5 About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.


Download ppt "MarketsandMarkets Presents Agricultural Biologicals Testing Market worth 1.12 Billion USD by 2021."

Similar presentations


Ads by Google