(Food-Beverage-News.Com, October 05, 2017 ) According to the report Latin America Agricultural Biologicals Testing Market By Product Type (Bio Stimulants, Bio Pesticides, Biofertilizers), Application (Analytical, Field Support, Regulatory), End User (Biological Product Manufacturers, Government Agencies, Other End Users), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (20162021) published by Market Data Forecast, The Latin America Agricultural Biologicals Testing market value of USD 0.08 billion in 2016 and is forecasted to exhibit a CAGR of 10.3 % and reach USD 0.13 billion by 2021. The Agricultural Biologicals Testing market is predicted to showcase huge potential in the forecasting period.
Agricultural biologicals are typically topical or seed treatment products produced using or containing natural materials, which can complement or replace Agricultural chemical products. They shield crops from pests, weeds and sicknesses and keep crops Healthy. Biological Testing means to find efficacy, toxicity, stability and concentrations of natural materials before letting them into the field.
Some of the factors like high production of organic crops, use of stringent regulation policies in agriculture, and increased expenditure on R&D by biological product manufacturers are primarily driving the growth of the market.
The Latin America Agricultural Biologicals Testing market is broadly classified on the basis of product type, application, and end user. The segmentation on the basis of the product type is done under Biostimulants, Biopesticides, Biofertilizers. The biopesticides dominate the market share due to the shift in use towards these products from hazardous agrochemicals. On the basis of application, the market is categorized into Analytical, Field Support and Regulatory. Based on the end user, the market is segmented into Biological Product Manufacturers, Government Agencies, Other End-users. On the basis of geography, the Latin America market is analyzed under various regions namely Brazil, Argentina, Mexico and rest of Latin America.
Among various big companies in the Latin America Agricultural Biologicals Testing market, the major ones are: Biotechnologies BT Eurofins Scientific SE SGS S.A. RJ Hill Laboratories Ltd. Anadiag Group Staphyt SA SynTech Research I2L Research Apal Agricultural Laboratory Laus GmbH Bionema Limited.
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