Overview and Scope
Agricultural microbial refers to a characteristic of a microorganism concerned with plant-associated microbes. It intends to deal with issues in farming techniques typically brought on by a lack of biodiversity in microbial populations. It seeks to deal with issues in farming techniques typically brought on by a lack of biodiversity in microbial populations.
Sizing and Forecast
The agricultural microbial market size has grown rapidly in recent years. It will grow from $5.85 billion in 2023 to $6.75 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to growing demand for sustainable agriculture, regulatory support, increased farm productivity, concerns over pesticide residues.
The agricultural microbial market size is expected to see rapid growth in the next few years. It will grow to $11.87 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to continued emphasis on sustainability, climate change adaptation, organic farming growth, global food security, integrated pest management (ipm), emerging markets. Major trends in the forecast period include advancements in biotechnology, research and development, collaboration and partnerships, microbial consortia, microbiome research, digital agriculture.
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Segmentation & Regional Insights
The agricultural microbial market covered in this report is segmented –
1) Agricultural Microbial Market By Type: Bacteria, Fungi, Virus, Other Types
2) Agricultural Microbial Market By Formulation: Dry Formulation, Liquid Formulation
3) Agricultural Microbial Market By Function: Crop Protection, Soil Amendment
4) Agricultural Microbial Market By Mode Of Application: Soil Treatment, Foliar Spray, Seed Treatment
5) Agricultural Microbial Market By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Turf And Ornamentals
Top Major Players
BASF SE
Syngenta AG
Koppert BV
Novozymes A/S
Bayer CropScience
North America was the largest region in the microbial agriculture market in 2023. The regions covered in the agricultural microbial market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Rising awareness about organic farming is expected to propel the growth of the agricultural microbial market going forward. Organic farming is a type of farming that does not use chemical pesticides, fertilizers, or other additives in farming. Organic farming makes use of a varied community of microorganisms to protect plants from illness and maintain soil health and productivity. For instance, according to the United States food and agriculture organization, in 2021, organic agriculture will be adopted and practiced in 187 countries, and almost 72.3 million hectares of agricultural land will be maintained organically by almost 3.1 million farmers. Therefore, raising awareness about organic farming drives the agricultural microbials market.
Key Industry Players
Major companies operating in the agricultural microbial market report are BASF SE, Syngenta AG, Koppert BV, Novozymes A/S, Bayer CropScience, Arysta Lifescience Limited, AgBiome LLC, Certis Usa LLC, Chr. Hansen A/S, BioAg Alliance, Marrone Bio Innovations, Monsanto Company, Corteva Agriscience, Valent BioSciences, Lallemand Plant Care, Camson Bio Technologies, Becker Underwood, BioConsortia Inc., Phyllom BioProducts Inc., Rizobacter Argentina S. A., Terramera Inc., BioWorks Inc., Biochimex S. A. S., BioForest Technologies Inc., Andermatt Biocontrol AG, Verdesian Life Sciences LLC, Metagenomics Inc., Qingdao Future Group, BioNovelus Inc.
The agricultural microbial market report table of contents includes:
1. Executive Summary
2. Agricultural Microbial Market Characteristics
3. Agricultural Microbial Market Trends And Strategies
4. Agricultural Microbial Market – Macro Economic Scenario
5. Global Agricultural Microbial Market Size and Growth
…..
32. Global Agricultural Microbial Market Competitive Benchmarking
33. Global Agricultural Microbial Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Agricultural Microbial Market
35. Agricultural Microbial Market Future Outlook and Potential Analysis
36. Appendix
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