Brazil Agricultural Biologicals Market Size Set to Flourish with Steady CAGR of 4.21% to Surpass USD 484.25 Million by 2030

Published | 03 June 2024

Brazil Agricultural Biologicals Market is expanding due to an increasing focus on sustainable & precision agriculture driven by a spurring demand for organically cultivated food products with pest and disease resistance.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Brazil Agricultural Biologicals Market size at USD 332.19 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Brazil Agricultural Biologicals Market size to expand at a CAGR of 4.21% reaching a value of USD 484.25 million by 2030. The Agricultural Biologicals Market in Brazil is propelled by an increasing shift toward harmful chemical-free, eco-friendly, and sustainable farming practices, a rising demand for organic products, and growing awareness about maintaining soil health for future fertility. Collaborative efforts between universities, research institutions, and businesses are fostering innovation and commercialization of new agricultural biologicals. Brazil's rich biodiversity is being leveraged to discover unique microorganisms beneficial to crops. Digital agriculture, integrating data analytics and precision farming, is also enhancing the effective application of these biologicals. Also, the increasing frequency of extreme weather conditions and the growing trend of urban and vertical farming are further propelling market growth. The rise of agrotech startups, supported by venture capital, is driving innovation and commercialization of biological solutions tailored to specific agricultural needs.

Opportunity – Expansion into new crops

In Brazil, the agriculture sector is witnessing a significant shift toward the adoption of biological agents for pest and disease control, signaling an expansion into new agricultural practices. The Brazilian Association of Biological Control Companies (ABCBio) predicts a remarkable 20% annual growth in the use of agricultural biopesticides. This surge is attributed to farmers increasingly favoring biological agents over chemical insecticides, driven by concerns over insect resistance and the desire for more sustainable agricultural methods. Additionally, Embrapa Soybeans' research underscores the efficacy of Integrated Pest Management (IPM), which has led to a substantial reduction in insecticide usage while promoting natural biological control methods. This transition reflects a growing recognition of the importance of sustainable and environmentally friendly food production practices in Brazil's agriculture landscape.

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Impact of Escalating Geopolitical Tensions on Brazil Agricultural Biologicals Market

Geopolitical tensions can have a multifaceted impact on the Brazil Agricultural Biologicals Market. While such tensions may disrupt global trade and access to certain resources, they can also drive domestic demand for self-sufficiency in food production. In Brazil's case, geopolitical instability may prompt increased focus on sustainable agricultural practices, including the adoption of agricultural biologicals. This could be driven by a desire for food security and reduced dependence on external inputs. However, uncertainties in international trade and investment may also affect the availability of technologies and funding for agricultural innovations, potentially impeding market growth.

Brazil Agricultural Biologicals Market

Segmental Information

Brazil Agricultural Biologicals Market – By Mode of Application

On the basis of mode of application, the Brazil Agricultural Biologicals Market is divided into Foliar Spray, Seed Treatment, Soil Treatment, and Post-harvest segments. The foliar spray segment holds the highest share in the Brazil Agricultural Biologicals Market by mode of application. The segment’s dominance is primarily driven by foliar sprays’ capacity to enhance crop yields, improve nutrient efficiency, and address nutrient deficiencies promptly. Foliar sprays offer an efficient method of delivering essential nutrients directly to plant leaves, ensuring precise nutrient distribution and promoting healthy growth. Additionally, there's a notable uptick in demand for biologicals, particularly for enhancing seed properties to increase crop yields, which in turn fuels the need for seed treatment. Biofertilizers are widely used not only in seed treatment but also in soil treatment applications. However, excessive use of synthetic fertilizers, pesticides, and insecticides has significantly degraded soil quality across major agrarian economies.

Competitive Landscape

The Brazil Agricultural Biologicals Market is fragmented, with numerous players serving the market. The key players dominating the Brazil Agricultural Biologicals Market include Corteva Agriscience, FMC Corporation, Andermatt Group AG, Haifa Group, Novozymes, Rizobacter, Valagro, Vittia Group, Bayer AG, and BRANDT. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

Don’t miss the business opportunity of the Brazil Agricultural Biologicals Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the Brazil Agricultural Biologicals Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Brazil Agricultural Biologicals Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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