Agricultural biologicals testing market to reach $1.12bn by 2021

The report “Agricultural Biologicals Testing Market - Global Forecast to 2021”shows that the agricultural biologicals testing market is projected to grow at a CAGR of 10.4% from 2016 and reach USD 1.12 billion by 2021.

The market is primarily driven by factors such as high production of organic crops, implementation of stringent registration policies in agriculture, and increased expenditure on R&D by biological product manufacturers. The high growth potential in the Asia-Pacific region and untapped regions such as Africa and Middle East provide new growth opportunities for market players.

On the basis of product type, the agricultural biologicals testing market was led by the biopesticides segment, followed by biostimulants. Biopesticides are increasingly used globally as alternatives to hazardous chemical pesticides. Moreover, biopesticide regulations in different countries require testing on several parameters prior to the marketing stage.

North America is projected to be the fastest-growing market for the period considered for this study, due to the high adoption rate of biological products in agriculture. The U.S. and Canada are expected to lead the market for agricultural biologicals testing in the North American region for the next five years, as a result of the expansion and establishment of contract research organizations to cater to manufacturer needs. The U.S. agricultural biologicals testing market not only dominates North America but also the global market.

Key players in the market are SGS S.A. (Switzerland),Eurofins Scientific SE (Luxembourg), BioTecnologie BT (Italy), SynTech Research (U.S.),RJ Hill Laboratories Ltd.(New Zealand), Staphyt SA.(France), Anadiag Group (France), I2L Research (U.K.), Apal Agricultural Laboratory (Australia), Laus GmbH (Germany) and Bionema Limited (U.K.)