          According to the latest report published by Markets and Market, the agricultural biologics market will meet the annual growth rate of 12.76% from 2016 to 2022, reaching US $ 11.35 billion by 2022. The ten trends in the market are the diversification of integrated pest management, where natural substances are used in conjunction with synthetic chemicals.
          The growth of the biopesticide market in most regional markets will be significant. Key factors driving the market include the development of organic agriculture, the increase in the cost of chemical pesticides, and the increased awareness of the risks posed by chemical pesticides. On the other hand, the lack of infrastructure, the low adoption rate of biological pesticides is a major obstacle to the development of the global market. The increase in food demand and per capita income growth for the Asia-Pacific, Latin America and other emerging economies, bio-pesticide market has brought great opportunities.
          As the bio-stimulant has the ability to activate plant physiology, stimulate soil microbial function, and regulate rhizosphere nutrition and pH, the market will gain strong growth. During the reporting period, Europe is expected to lead the entire market, followed by Asia Pacific and North America.
          The growth of the biofuel market will also be very rapid. The development of organic industries, the rise in fertilizer costs, the awareness of the environmental impact of fertilizer is the main driver of this market.
          The report predicts that the market for seed processing of biological agents will grow at a higher rate. The increase in demand for grain and high yield potential seeds has boosted the market. Seed processing Biologics are a smaller market segment, but it will grow faster than other parts because the government is encouraging the reduction of the use of agrochemicals.
          Constraints on the development of agricultural and biological products industry, including counterfeit plant protection products also showed a growing trend, mainly due to the government authorities on the implementation of pesticides and fertilizer regulations inadequate attention. In addition, farmers’ adoption of new agricultural practices has also been affected by factors such as feasibility, economic sustainability, regulatory rationality, policy orientation and eco-friendly issues.
           BASF, Koppert, Dow Chemical is a major competitor in the agricultural biologics industry, focusing on expanding product capacity to meet the needs of new customers for new product development and production. The core competencies of these competitors are diversified product portfolios, including bio-pesticides and bio-stimulants.