Key Trends Shaping the Agricultural Biologicals Testing Market

The global agricultural biologicals testing market is projected to grow from USD 686.5 million in 2016 to USD 1,124.7 million by 2021, at a CAGR of 10.4% from 2016 to 2021. Agricultural biologicals testing refers to various types of tests such as efficacy, toxicity, stability, and microbiological analyses that are conducted on biofertilizers, biopesticides, and biostimulants. Agricultural biologicals comprise natural products developed particularly for the purpose of crop production. The market for agricultural biologicals testing includes field support, analytical tests, and tests for regulatory compliance.

Market Dynamics

Drivers

• High usage of agricultural biologicals in Europe
• Large investment in product development by agricultural companies
• High organic agricultural production across regions

Restraints

• Lack of regulations in agrarian economies
• High cost of conducting product trials

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Opportunities

• Increasing trade of organic fertilizers
• Environmental agencies promoting sustainable agriculture

Challenges

• High level of technical expertise required for field trials

High usage of agricultural biologicals in Europe drives the global agricultural biologicals testing market

The market for agricultural biologicals testing is mainly driven by the increasing usage of biological agricultural inputs in Europe. Stringent regulations imposed in various countries of this region has encouraged consumers to shift from the traditional pesticides to less toxic biological products. Leading manufacturing companies of agrochemicals such as Marrone Bio Innovations Inc. (US) and Monsanto Company (US) are entering the market for biologicals, which has led to an increased awareness about such products among consumers. These developments have encouraged testing companies to offer their services in the agricultural input industry. Manufacturers of biological products are testing their products with different objectives such as field trials,product analysis, and regulatory compliance. Due to these factors, the agricultural biologicals market in Europe is projected to witness a significant growth over the coming years.

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.

Lack of regulations in agrarian economies is a major factor restraining the growth of the market. Despite increasing usage of agricultural biologicals and lack of registration regulations of these products in Asia and Latin America, the scope of growth for testing services remains limited. Due to this, the growth of the market is limited to countries that require dossiers to be submitted prior to the product launch. In addition, the market also includes manufacturers of biologicals that aim to export their products to countries that have stringent regulations. Due to the policy framework of various governments, the market is projected to witness an inhibiting growth over the coming years. However, countries with high production and consumption of agricultural biologics are not bound to stringent regulation regarding the registration of such products. This factor has led the market players to focus on penetrating these markets to their complete potential.

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Key players in the market include SGS S.A. (Switzerland), Eurofins Scientific SE (Luxembourg), Staphyt SA (France), Laus GmbH (Germany), Bionema Limited (UK), SynTech Research (US), and Anadiag Group (France). These players are focusing on undertaking expansions, mergers, and acquisitions to grow their presence in the market.