Overview and Scope
Bacteria-based agricultural microbials refer to beneficiary microorganisms utilized in agriculture to improve crop growth, boost production, and safeguard crops against infections and pests. They are made up of particular bacterial and fungal groups that are beneficial for boosting plant growth and improving soil productivity.
Sizing and Forecast
The bacteria based agricultural microbials market size has grown strongly in recent years. It will grow from $3.59 billion in 2023 to $3.87 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to environmental concerns, pesticide resistance, increased crop productivity, organic farming movement, market demand for sustainable solutions..
The bacteria based agricultural microbials market size is expected to see strong growth in the next few years. It will grow to $5.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to government support and regulations, shift towards biologicals, increasing adoption of integrated pest management, continued research and development, climate change impact.. Major trends in the forecast period include sustainable agriculture focus, reduced chemical usage, soil health awareness, biological seed treatment adoption, organic farming practices..
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Segmentation & Regional Insights
The bacteria based agricultural microbials market covered in this report is segmented –
1) By Type: Bacillus Thuringiensis, Rhizobium, Bacillus Subtilis, Other Types
2) By Formulation: Dry Formulation, Liquid Formulation
3) By Mode of Application: Soil Treatment, Foliar Spray, Seed Treatment
4) By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Turf And Ornamentals, Other Applications
North America was the largest region in the bacteria-based agricultural microbials market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global bacteria-based agricultural microbial market during the forecast period. The regions covered in the bacteria based agricultural microbials 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
Increasing demand for organic food is expected to propel the growth of the bacteria-based agricultural microbials market going forward. Organic food refers to food produced without synthetic chemicals or genetically modified ingredients. The increasing demand for organic food is primarily due to rising awareness about health concerns. Bacteria-based agricultural microbials uses microorganisms such as bacteria, fungus, and viruses to boost crop development, increase yield, and protect crops from infections and pests. For instance, in June 2022, according to the Organic Trade Association, a US-based business association, organic sales increased by $1.4 billion (2%) between 2020 and 2021, surpassing $63 billion. Further, food sales, which account for more than 90% of organic sales, increased to $57.5 billion (about 2%), and non-food sales reached $6 billion (an increase of 7%). Therefore, increasing demand for organic food drives the growth of the bacteria-based agricultural microbial market.
Key Industry Players
Major companies operating in the bacteria-based agricultural microbials market report are BASF SE, Bayer AG, Certis LLC, Isagro S.p.A., Verdesian Life Sciences LLC, Koppert B.V., E.I. DuPont de Nemours and Company, Syngenta AG, Sumitomo Chemical Co. Ltd., Corteva Inc., CHR. Hansen Holdings A/S, UPL Limited, Valent Biosciences Corporation, Novozymes A/S, Gujarat State Fertilizers & Chemicals Limited, Marrone Bio Innovations Inc., Nufarm Ltd., Precision Laboratories LLC, Lallemand Inc., BioWorks Inc., Terramera Inc., Andermatt Biocontrol AG, BioConsortia Inc., BioPhero ApS, Biotalys NV, BioTEPP Inc., EcoPesticides International Inc., Futureco Bioscience S.A., Gowan Company LLC, Kemin Industries Inc., Plant Health Care PLC, Symborg SL
The bacteria based agricultural microbials market report table of contents includes:
1. Executive Summary
2. Bacteria Based Agricultural Microbials Market Characteristics
3. Bacteria Based Agricultural Microbials Market Trends And Strategies
4. Bacteria Based Agricultural Microbials Market – Macro Economic Scenario
5. Global Bacteria Based Agricultural Microbials Market Size and Growth
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31. Global Bacteria Based Agricultural Microbials Market Competitive Benchmarking
32. Global Bacteria Based Agricultural Microbials Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Bacteria Based Agricultural Microbials Market
34. Bacteria Based Agricultural Microbials Market Future Outlook and Potential Analysis
35. Appendix
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