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(MoneyNewsWire.Net, February 02, 2018 ) Global Agricultural Biologicals Testing Market was worth USD 0.68 Billion in 2017 and is expected to reach 1.12 Billion USD by 2022 with a CAGR of 10.4 %.
Agricultural biologicals are typically topical or seed treatment products produced using or containing natural materials, which can complement or replace Agricultural chemical products. They shield crops from pest, weeds and sicknesses and keep crops Healthy. Biological Testing means to find efficacy, toxicity, stability and concentrations of natural materials before letting them into the field.
Some of the factors like high production of organic crops, use of stringent regulation policies in agriculture, and increased expenditure on R&D by biological product manufacturers are primarily driving the growth of the market.
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Agricultural Biologicals Testing Market is segmented based on Product type, Application and End User. Based on Product Type, Market is segmented into Bio pesticides, Biofertilizers, and Bio stimulants. Based on Application, Market is segmented into Field Support, Analytical, and Regulatory. Based on End Users, Market is Segmented into Biological Product Manufacturers, Government Agencies, Other End users. Bio pesticides is the largest segment in by product type due to the shift in use towards these products from hazardous agrochemicals.
Geographically, this market is further segmented in to North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America is projected to be the fastest growing market due to the high adoption rate in agricultural field. Europe was the largest market in 2015 as it has prominent users of Agricultural Biologicals Testing for compliance requirements.
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This report also includes a study of marketing and development strategies of leading companies such as SGS S.A., Eurofins Scientific SE, Biotechnologies BT, SynTech Research, RJ Hill Laboratories Ltd., Staphyt SA, Anadiag Group, I2L Research, Apal Agricultural Laboratory, Laus GmbH, and Bionema Limited.
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