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Agricultural Microbials Market

Agricultural Microbials Market Forecasts to 2028 – Global Analysis By Microbial Type (Viruses, Bacterial, Composite Microbials), Application (Soil Treatment, Seed Treatment, Spraying, Drip Method), and By Geography

4.2 (23 reviews)
Published: July 2021 ID: SMRC20803
4.2 (23 reviews)
Published: July 2021 ID: SMRC20803

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Agricultural Microbials Market is accounted for $6.00 billion in 2020 and is expected to reach $19.94 billion by 2028 growing at a CAGR of 16.2% during the forecast period. Some of the key factors propelling the market growth include rise in adoption of integrated pest management (IPM) practices across the globe, rising trend of adopting organic farming practices, increasing demand for production of food, owing to the constantly growing global population, requirement of environment friendly farming practices, supportive regulatory policies, and increasing demand for food with high nutritional value and less chemical components in the food. However, low awareness among farmer pertaining to biofertilizers and high labour costs is likely to restraint the market.

agricultural-microbials-fig-134.png

Agricultural microbial refers to the microorganisms used in agriculture to enhance crop productivity and quality of yield. Microbial inoculants used in agriculture have target specific functions, and thus are suitable for use in various crops. Agricultural microorganisms such as bacteria, viruses, and fungi enhance plant growth and protection and improve soil conditions. Agricultural microbes help in decomposing organic matter, provide nutrients such as phosphorous or nitrogen. They also offer various other benefits such as drought tolerance, insect resistance, and resistance to several plant disorders.

By microbial type, the bacterial segment is projected to be a significant-growing segment during the forecast period. Bacteria are the prevalent class of microorganisms used in various industrial and agricultural applications. There are around 1,408,525 strains of bacteria successfully registered, and they are the largest class of microorganism strains that have been registered and used for various industrial purposes. Bacterial strains have been most successfully isolated and used for cultivation purposes compared to all the other microorganisms, and form 43.5% of all the microorganisms’ strains registered globally.  The application of bacteria in agriculture has increased in terms of biofertilizers and biopesticides, as these sustainably provide higher and healthy yields. Their benefits in achieving a holistic plant growth in cultivation increase their usage in the market.

On the basis of geography, North America region is expected to have considerable market growth during the forecast period, due to the requirement for high-crop productivity and production with high-quality, evolving agricultural practices and precision farming has been driving the market growth for agriculture microbial products over the years in North America. The region is promoting the use of microbial products, in order to balance the agricultural sector growth, which is mostly opted by chemical fertilizer and pesticide required in order to sustain its large-scale productions. In North America, the United States holds the largest market with more than half of the market. The rise in organic and environment-friendly farming practices has increased the demand for agricultural microbial products, especially in the US. The country with its highly evolved agricultural sector has been adapting to the natural and organic way of farming with the increasing awareness regarding balanced plant nutrition.

Some of the key players in Agricultural Microbials Market include Certis USA LLC, Marrone Bio Innovations Inc, Monsanto Company, Isagro S.p.A, BASF SE, CHR. Hansen Holdings, Syngenta AG, Valent Biosciences LLC, Bayer Cropscience AG, UPL Corporation, Novozymes, Sumitomo Chemicals Company Ltd., Verdesian Life Sciences LLC, Agrilife Biosolutions Ltd., Wilbur-Ellis Holdings Inc., and Bioworks, Inc.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 6.00 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

16.2%

Predicted 2028 Value:

USD 19.94 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

416

Chapters Covered:

Crop Type, Formulation, Type, Microbial Type, Function, Origin, Sales Channel, Application and Region

Core Drivers and Opportunities:

  • Rise in adoption of integrated pest management practices across the globe
  • Investments being made in research by key market players
  • Target specificity of microbial crop protectants

Restraining Factors & Market Threats:

  • Shorter shelf life of microbes
  • Regulatory barriers


Crop Types Covered:
• Oilseeds & Pulses
• Cereals & Grains
• Fruits & Vegetables
• Commercial Crops
• Other Crop Types

Formulations Covered:
• Liquid
• Dry

Types Covered:
• Complex
• Straight

Microbial Types Covered:
• Viruses
• Bacterial
• Composite Microbials
• Protozoa
• Fungi

Functions Covered:
• Crop Protection
• Soil Amendments

Origins Covered:
• Synthetic
• Organic

Sales Channels Covered:
• Distribution Channel
• Direct Channel

Applications Covered:
• Soil Treatment
• Foliar Spray
• Seed Treatment
• Broadcasting
• Post-Harvest
• Fertigation
• Sowing
• Spraying
• Drip Method

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand
o South Korea               
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Agricultural Microbials Market is majorly driven by rise in the trend of adopting organic farming practices, increasing demand for biopesticide products, and advent of useful micro-organisms.

The crop protection segment is growing at a highest CAGR owing to the microbial pest control provides a major quantity of target specificity and environmental safety and hence is often applied uniquely or together with other pest management programs.

North America dominated with a significant market share due to the factors such as the necessity for high crop productivity and production with high-quality, evolving agricultural practices, and precision farming.

Asia Pacific market is growing at a highest CAGR due to the rising awareness among farmers regarding the benefits of using microbial inoculants in agriculture.

Some of the key players in Agricultural Microbials Market include Certis USA LLC, Marrone Bio Innovations Inc, Monsanto Company, Isagro S.p.A, BASF SE, CHR. Hansen Holdings, Syngenta AG, Valent Biosciences LLC, Bayer Cropscience AG, UPL Corporation, Novozymes, Sumitomo Chemicals Company Ltd., Verdesian Life Sciences LLC, Agrilife Biosolutions Ltd., Wilbur-Ellis Holdings Inc., and Bioworks, Inc.

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