Impact Analysis of Covid-19
The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
With the slowdown in world economic growth, the Agricultural Biologicals Testing industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Agricultural Biologicals Testing market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Agricultural Biologicals Testing market size will be further expanded, we expect that by 2023, The market size of the Agricultural Biologicals Testing will reach XXX million $.
Agricultural biologicals are derived from natural materials and are beneficial for increasing crop production and protection. Agricultural biological testing is conducted to file the biologicals for approval with details about dossiers to authorities describing the characteristics of the product being tested.
Increasing awareness among farmers about benefits of agricultural biologicals compared to conventional pesticides is expected to propel growth of the global biologicals testing market over the forecast period. Agricultural biologicals help protect crops from pests, weeds, and diseases and improve nutrient uptake and yield. Moreover, increasing demand for organic food is expected to boost growth of the global agricultural. For instance, according to the 2019 Organic Industry Survey released by the Organic Trade Association in May 2019, the U.S. organic market in 2018 reached US$ 52.5 billion, up 6.3 percent from the previous year.
Increasing development in RNA interference (RNAi) technologies is also expected to aid in growth of the global agricultural biologicals testing market. Biological signals can be used to trigger RNAi for specific genes that can result in better disease and pest resistance, increased yields or improved quality. Moreover, implementation of stringent regulations set by the government in agriculture is expected to boost the global market. For instance, in the U.S., in March 2019, the Pesticide Registration Improvement Extension Act of 2018 (PRIA 4) reauthorized the Pesticide Registration Improvement Act (PRIA) for five years, through fiscal year 2023.
Major players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in January 2018, SGS acquired Vanguard Sciences Inc., a provider of food safety testing services in the areas of product testing, research & development and food safety consultation. Moreover, in October 2018, Eurofins Scientific acquired EnvironeX Group Inc. (EnvironeX), from Marc Hamilton and Persistence Capital Partners to strengthen its position in the Canadian environmental and agrifood testing markets.
Major players in the market are focused on adopting partnership strategies to expand their product portfolio. For instance, in March 2019, SynTech partnered with Hunan J&F Testing Company, under which Hunan J&F will specialize in laboratory product chemistry, including environmental fate and ecotoxicology studies.
Key Takeaways:
• Increasing awareness among farmers about benefits of agricultural biologicals is expected to augment growth of the global biologicals testing market over the forecast period
• Increasing development in RNAi technologies is also expected to aid in growth of the market
• Major players operating in the global agricultural biologicals testing market include, SGS S.A., Staphyt SA, Eurofins Scientific SE, SynTech Research, i2LResearch, BioTecnologie BT, Anadiag Group, Bionema Limited, and RJ Hill Laboratories Ltd.
Section 1: Definition
Section (2 3): Manufacturer Detail
SGS S.A. (Switzerland)
Staphyt SA (France)
Eurofins Scientific SE (Luxembourg)
SynTech Research (U.S.)
i2LResearch (U.S.)
BioTecnologie BT (Italy)
Anadiag Group (France)
Bionema Limited (U.K.)
RJ Hill Laboratories Ltd.(New Zealand)
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation:
Analytical
Regulatory
Field Support
Industry Segmentation:
Biological Product Manufacturers
Government Agencies
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2023)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
