Reports - Agricultural Microbials Market
Agricultural Microbials Market Size, Share & Trends Analysis Report by Type (Bacteria, Fungi, Protozoa, Virus) by Function (Soil Amendments, Crop Protection) by Formulation (Liquid, Dry) by Application Method (Foliar Spray, Soil Treatment, Seed Treatment, Others) by Crop Type (Cereals and Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Crop Type ( turf & ornamentals, plantation crops, fiber crops, and silage & forage crops)) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2017 - 2022) & Forecast (2023 - 2030)
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2035
14.90%
North America
Asia Pacific
2019 - 2023
2023 - 2035
The final deliverable will encompass both quantitative and qualitative data, providing a comprehensive analysis of the market. The scope is customizable.
The global Agricultural Microbials Market is valued at USD 7.32 Billion in 2022 and is projected to reach a value of USD 33.21 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 14.90% between 2023 and 2030.
Premium Insights
The increasing global demand for sustainable farming practices is a major driver of growth in the Agricultural Microbials market. Microbials provide a sustainable alternative to traditional chemical inputs by improving soil fertility, increasing crop yields, and controlling pests and diseases while minimizing harm to the environment. As consumers and regulatory bodies prioritize sustainable and organic food production, farmers are increasingly turning to microbial solutions to meet these demands, which is driving the growth of the Agricultural Microbials market. Concerns about environmental degradation, soil health, and the negative impacts of synthetic chemicals on ecosystems have led to a growing recognition of the important role microbials play in promoting eco-friendly agriculture.
Economic Insights
Over the past five years, the Agricultural Microbials market has shown remarkable growth, with an impressive CAGR. This growth is primarily due to the increasing adoption of microbial solutions in modern agriculture. With the rising awareness of microbial benefits and the demand for sustainable agricultural practices, the market is expected to increase tremendously, continuing its upward trajectory. The governments' initiatives to promote organic farming, resulting in increased organic crop areas and higher demand for organic products and biological fertilizers. This, in turn, is expected to decrease the overall usage of chemical fertilizers and reduce crop production costs.
Top Market Trends
Market Segmentation
Agricultural Microbials {{Segmentation_Ext}}
Based on Type
Bacteria holds the largest share
Bacteria dominates the Agricultural Microbials market because they are abundant in soil and play a crucial role in maintaining soil health and increasing crop productivity. They improve soil fertility, boost crop yields, and reduce susceptibility to pests and diseases. In agriculture, there are several important bacterial players like Rhizobium, Azospirillum, Azotobacter etc.
Based on Function
Crop Protection will dominate the market during Forecast Period
The Agricultural Microbials market is anticipated to be dominated by the Crop Protection segment because it is the environmentally friendly and sustainable alternatives that microbials offer in comparison to synthetic pesticides. Microbials like Bacillus thuringiensis (Bt), Trichoderma harzianum, and Mycorrhizae are becoming more popular due to their ability to specifically target pests and diseases, reducing the risk of harm to beneficial organisms.
Based on Formulation
Liquid formulation will lead the market
liquid formulations are expected to maintain their dominance in the Agricultural Microbials market due to various distinct advantages they offer. Liquid formulations are superior in terms of ease of application, surpassing dry formulations in their ability to evenly distribute. Their excellent solubility ensures that microbes effectively reach plant roots and targeted areas, resulting in faster uptake and quicker action. Additionally, liquid formulations are versatile and can be used for soil drenching, foliar spraying, and seed treatment.
Based on Application
Foliar Spray will account for largest share
Foliar spray will dominate the Agricultural Microbials market due to its remarkable efficacy in delivering microbes to plants. Foliar sprays excel in improving plant nutrition, promoting growth, controlling pests and diseases, and they are preferred by farmers due to their easy implementation and cost-effectiveness. Farmers can seamlessly use their existing spraying equipment without needing to make significant changes to their farming practices.
Based on Crop Type
Cereals and Grains dominates the market in 2022
The cereals and grains segment is expected to continue leading Agricultural Microbials market by crop type due to the widespread cultivation of these crops and their vital contribution to global food security. Microbials play a critical role in improving soil fertility, increasing crop yields, and mitigating pest and disease pressures in cereals and grains. They are also effective controllers of pests and diseases. For instance, Beauveria bassiana fungus fights against aphids and whiteflies, whereas Trichoderma harzianum fungus suppresses soilborne ailments like damping-off and root rot.
Based on Region
North America will lead the market
North America lead the Agricultural Microbials market due to the high level of awareness among farmers in region about the numerous benefits of microbials, such as improving soil health, enhancing crop yields, and controlling pests and diseases. Moreover, the United States and Canada have supportive government regulations that offer subsidies and incentives, further promoting the adoption of microbials in agriculture. Additionally, the region has a well-established distribution network for agricultural microbials, ensuring easy accessibility for farmers.
Competitive Landscape
The global Agricultural Microbials market is characterized by a diverse range of key players, including large international companies, regional and local firms, and startups, all competing for a stake in this rapidly expanding sector. Additionally, research and development efforts are driving innovation, with companies focusing on creating advanced microbial products that are tailored to specific crops and environmental conditions. Market players are also exploring new formulations, delivery methods, and applications to stay competitive and meet the changing needs of modern agriculture, which places increasing importance on environmentally friendly practices and improved crop productivity.
The players in the global Agricultural Microbials market include Certis USA LLC (U.S.) among others.
Recent Market Developments
Segmentation of the Global Agricultural Microbials Market
Source: www.vantagemarketresearch.com
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Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis | |
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