Agricultural Biologicals Testing Market-Large Investment in Product Development By Agricultural Companies

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. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2021.

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.

The following are the major objectives of the study.

• To define, segment, and project the global market size for agricultural biologicals testing on the basis of product type, application, end user, and region
• To understand the structure of the agricultural biologicals testing market by identifying its subsegments
• To provide detailed information about the key factors influencing the market growth (drivers, restraints, opportunities, and challenges)