Focus On Australia And New Zealand Only
The use of biocontrols and biostimulants in crop production systems in Australia and New Zealand is increasing, providing opportunities for growth in the market. Specifically, the biostimulants market is estimated to reach USD 6.8 billion by 2028, growing faster than many other areas of the crop protection market. The global market for agricultural biologicals, including biopesticides, biofertilizers, and biostimulants, is worth USD13 billion, with the Asia-Pacific region accounting for a significant portion of this market. The Southeast Asian & Australasian biostimulants market is projected to reach USD 451.8 million by 2021. However, despite the exponential growth of the biostimulant market, providers face challenges in expanding their markets. Additionally, the agriculture biologicals market is dominated by bio-control products, with expansions and new product launches driving growth.
Based on the latest information, the use of biocontrols and biostimulants in crop production systems in Australia and New Zealand is on the rise. The global biostimulants market is expected to reach USD 6.8 billion by 2028, and the Asia-Pacific biofertilizer market is dominated by the top five companies, including Biostadt India Limited. In particular, the Southeast Asian & Australasian biostimulants market is forecasted to grow at a CAGR of 11.3% by 2021.
Notably, Syngenta Biological has a strong presence in the market, particularly with their biofungicide TAEGRO®. The overall market for agricultural biologicals, including biopesticides, biofertilizers, and biostimulants, is estimated to be worth USD 13 billion. The biostimulants and micronutrients market is growing faster than other areas of the crop protection market, with a notable CAGR of 11.4%. Additionally, the biocontrol market is projected to have the fastest growth at 13.6% CAGR, followed by biostimulants at 12%.
These details highlight the significant growth and market presence of bio-fertilizer and bio-stimulant products in the agricultural sector of Australia and New Zealand. If you require further information or have any specific questions, feel free to reach out!
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