- Bacteria
- Fungi
- Virus
- Protozoa
Agricultural Microbial Market size was valued at USD 3,247.4 million in 2021, growing at a CAGR of 13.4% during 2022-28. owing to growing awareness and provision from number of agencies with respect to the custom of agronomic microbial. Furthermore, other factors such as rapid developments happening in agricultural sector and rising demand for high productivity coupled with favorable regulatory framework and support from the government are anticipated to drive the growth of the market. Rising demand for biopesticides and rising investments in research and development are expected to drive the growth of the market. However, lack of awareness among the farmers regarding the benefits of the agricultural microbial and various challenges are anticipated to restrain the growth of the market.
Global Agricultural Microbial Market Summary
Study Period
2023-29
Base Year
2022
CAGR
13.4%
Largest Market
North America
Fastest Growing Market
Asia-Pacific
Agricultural Microbial Market Dynamics
The increasing need to feed an ever-growing global population, along with the growing demand for sustainable agricultural practices and the apprehension of the general public over ecological safety is one of the important driver for the growth of the market. By 2050, the global population is projected to be 9 Bn, where demand for food is going to be increased tremendously. The use of agricultural microbial would enhance the quality of the food and increase the capacity of the production which is expected to meet the demand of the customers over the forecast years.
North-America Got Significant Share
Agricultural Microbial Market
Global agricultural microbial market report gives comprehensive outlook on agricultural microbial across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is leading the global market and is expected to grow with significant CAGR owing increasing demand for the high production of agricultural crops and to protect or keep soil health intact. The evolvement of precision farming and modern agricultural practices are expected to enhance the production of the crop to meets the needs of the customers. Asia Pacific is expected to grow with highest CAGR over the forecast years owing to increasing population and decreasing agricultural land every years due to rapid urbanization in the region. To feed the customers across the region, the agricultural land is anticipated to generate high crop yield to fulfill the needs of the customers.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2016 to 2021) and forecast (2022 to 2028)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Global Agricultural Microbial Market Segmentation
Microbe Type
Function
- Soil Amendment
- Crop Protection
Mode of Application
- Soil Treatment
- Foliar Spray
- Seed Treatment
Crop Type
- Cereals and Grains
- Oilseeds
- Fruits and Vegetables
- Others
Frequently Asked Questions
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
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Competition Assessment
Key player’s profiles in the global agricultural microbial market include:
- BASF SE
- Koppert BV
- BioAg Alliance (Monsanto/Novozymes)
- Syngenta AG
- Certis USA LLC
- Lallemand Plant Care
- Precision Laboratories LLC
- Bayer Cropscience AG
- Marrone Bio Innovations Inc
- Valent USA LLC
- Hansen A/S
- IsAgro SpA
- DowDuPont Inc
- Arysta Lifescience Limited
- Verdesian Life Sciences LLC