Increasing adoption of advanced agricultural practices is expected to drive the growth of the global agricultural microbials market. According to TechSci Research report, “Global Agricultural Microbials Market By Type (Straight v/s Complex), By Origin (Organic, Synthetic, Bio-fertilizer), By Form (Solid v/s Liquid), By Mode of Application (Foliar Spraying, Fertigation, Sowing, Broadcasting, Spraying, Drip Method, Others), By Crop Type (Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Other), By Region, Forecast & Opportunities, 2025”, the global agricultural microbials market is expected to grow at a formidable rate during the forecast period on account of the growing need to maintain food safety and security to fulfill the needs of the growing global population.
The Important Elements of the Global Agricultural Microbials Market
increasing cases of pest attacks, and locust attacks, among others have led to the widespread destruction of crops. Furthermore, these days insects and pests have also developed resistance to the pesticides used for their control. This in turn has increased the demand for agricultural microbials, which can be used to protect the crop, while maintaining soil health & fertility without causing any harm to the environment. Besides, agricultural microbials help prevent the loss of nutrients such as nitrogen, phosphorous, potassium, sulfur, and other micro and macronutrients, thereby helping to maintain soil fertility. Also, they are highly stable, eco-friendly, and target-specific.
These factors are further expected to fuel the market growth through 2025. Furthermore, strict government policies and schemes pertaining to the use of chemical pesticides and fertilizers with governments imposing a ban on a few of them are further expected to create lucrative opportunities for market growth over the next few years. However, a lack of awareness pertaining to the use of agricultural microbials, especially in emerging countries might hamper the market growth through 2025. Also, these agricultural microbials have a short shelf life and need to be protected from various environmental conditions such as temperature, and climatic changes, among others. This in turn might further hinder the market growth over the next few years. Also, the availability of cheaper alternatives in the form of chemical fertilizers and pesticides might further restrict the market growth over the next few years. Moreover, regulatory barriers might also pose a challenge to market growth during the forecast period.
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The global agricultural microbials market is segmented based on type, function, formulation, mode of application, crop type, company, and region. Based on function, the market can be split into soil amendments and crop protection. Among these, the crop protection segment is expected to dominate the market during the forecast period since the use of microbes for crop protection provides target specificity along with ecological safety. These can be used in a standalone way or in combination with other pest control techniques, hence are being extensively used in agricultural practices. Based on formulation, the market can be split into dry and liquid.
Here, the solid segment is expected to grow significantly since they are easily available, inexpensive, and can also are easy to store. Based on crop type, the market can be fragmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Out of these, the fruits & vegetables segment is expected to hold the largest market share due to increasing health consciousness among the global population. This has drastically increased the demand and consumption of fruits & vegetables. Furthermore, the rising disposable income and purchasing power of consumers globally is expected to drive segmental growth.
The Major Competitors of the Global Agricultural Microbials Market
- BASF SE
- Bayer (Monsanto) Crop Science (Joyn Bion)
- Corteva
- Syngenta AG
- Certis USA LLC
- Marrone Bio Innovations, Isagro S.p.A
- Verdesian Life Sciences LLC
- Valent Biosciences LLC
- Lallemand Plant Care
- Agrilife Biosolutions Ltd.
- Novozymes A/S
- Wilbur-Ellis Holdings Inc and others are some of the leading players operating in the global agricultural microbial market. The companies operating in the market are using organic strategies such as product launches, mergers, and collaborations to boost their share. For instance, in January 2020, BASF SE, for its Agricultural Solutions business in Singapore, developed a multipurpose facility designed to handle six different formulation technologies and supply the company’s patented crop protection products to farmers across the fast-growing Asia-Pacific region.
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“North America is expected to dominate the global agricultural microbial market during the forecast period, owing to the increasing awareness among the farmers pertaining to the use of microbial solutions for crop protection and enhancing plant growth. Additionally, the increasing adoption of modern farming techniques is further expected to fuel market growth during the forecast period. Furthermore, increasing health consciousness among the population has increased the demand for organic food and is leading to the conversion of conventional agricultural lands into organic farms. This in turn is expected to create lucrative opportunities for market growth. Also, the presence of major market players such as Bayer CropScience, BASF, Corteva, and Novozymes, among others in the region is expected to fuel the market growth through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Agricultural Microbials Market By Type (Bacterial, Fungi, Virus, Protozoa), By Function (Soil Amendments v/s Crop Protection), By Formulation (Dry v/s Liquid), By Mode of Application (Foliar Spray, Soil Treatment, Seed Treatment, Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of the global agricultural microbial market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global agricultural microbials market.
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