Agricultural Microbials Market to Grow with a CAGR of 8.64% through 2028
Increase in investment in agricultural R&D and
expansion of agricultural sectors in emerging economies is expected to drive
the Global Agricultural Microbials Market growth in the forecast period,
2024-2028.
According to TechSci Research report, “Agricultural
Microbials Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Agricultural Microbials
Market stood at USD
6.12 Billion in 2022 and is anticipated to grow with a CAGR of 8.64% in the forecast
period, 2024-2028. The global agricultural microbials market is primarily
driven by the increasing global food demand in response to the rapidly growing
population. Farmers are turning towards sustainable farming practices for which
microbials serve as an eco-friendly, cost-effective solution. Moreover, the
rise in soil and water pollution due to excessive use of chemical pesticides
and fertilizers has led to a surge in the adoption of agricultural microbials.
These bio-based products enhance soil fertility and crop productivity without
causing harm to the environment. Government policies and initiatives promoting organic
farming and the use of bio-based agricultural inputs also significantly
contribute to the market growth. Advancements in microbial technology and an
increased understanding of the benefits of microorganisms in agriculture have
further fueled the expansion of this market.
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The global agricultural microbial market is
experiencing significant growth due to multiple factors. Firstly, there is a
growing demand for sustainable farming practices as the urgency for
environmentally friendly solutions becomes increasingly apparent. Farmers and
agricultural industries are seeking alternative methods that minimize the
impact on ecosystems and reduce the use of harmful chemicals. Moreover, the
expanding global population is placing immense pressure on the agricultural
sector to produce more food. To meet this demand, farmers are adopting
innovative techniques that maximize crop yields and optimize resource
utilization. The integration of beneficial microorganisms, such as bacteria,
fungi, viruses, and protozoa, has emerged as a crucial aspect of modern
agriculture. These microorganisms play a vital role in enhancing soil
fertility, promoting plant growth, and controlling pests and diseases.
By harnessing the power of these microorganisms,
farmers can create a balanced ecosystem that supports long-term sustainability
and productivity. These beneficial microorganisms contribute to nutrient
cycling, improve soil structure, and enhance the overall health of agricultural
systems. As a result, farmers can achieve higher crop yields, reduce the need
for synthetic fertilizers and pesticides, and minimize the negative
environmental impact. Furthermore, advancements in microbial technology are
driving the growth of the agricultural microbial market. Continuous research
and development efforts are leading to the discovery of new microbial strains
and formulations with enhanced efficacy and specificity. Scientists and
researchers are constantly exploring the potential of these microorganisms to
develop customized solutions that address specific agricultural challenges.
Supportive government regulations and policies are
also playing a crucial role in creating a favorable environment for the
adoption of microbial products in agriculture. Governments around the world are
recognizing the importance of sustainable farming practices and are
implementing measures to promote the use of microbial solutions. This support
not only encourages farmers to embrace these innovative technologies but also
ensures the safety and efficacy of microbial-based products. Considering these
factors, the agricultural microbial market is poised for further expansion in
the coming years. As farmers increasingly recognize the numerous benefits of
using microbial solutions, the demand for these products is expected to grow
significantly. This, in turn, will drive investment in research and
development, leading to the development of more advanced and effective
microbial-based solutions for sustainable agriculture. The future of
agriculture lies in harnessing the power of beneficial microorganisms to create
a more resilient and sustainable food production system.
The Global Agricultural
Microbials Market is segmented into type, function, formulation, mode of
application, crop type, regional distribution, and company.
Based on mode of
application, the foliar segment accounted for a significant market share in
2022. The foliar spray technique enables faster nutrient uptake as the foliage
rapidly absorbs essential nutrients, providing crops with the necessary
elements. This technique offers ease of application and serves as a prompt
correction treatment for deficiencies and diseases in plants. Soil application
of microbials enhances plant growth, improves nutrient availability, and
promotes overall soil health. Microbes possess the capability to solubilize
minerals and convert organic matter into plant-accessible forms, thereby
increasing the availability of nutrients such as potassium, iron, and calcium.
Moreover, certain microorganisms are capable of remediating pollutants and
contaminants in the soil through bioremediation processes.
The use of agricultural microbials contributes to
sustainable agriculture by reducing reliance on synthetic fertilizers and
pesticides. This, in turn, yields positive effects on the environment and human
health. Incorporating agricultural microbials into soil management practices
fosters environmentally friendly agricultural systems by promoting soil health,
enhancing crop yields, and reducing dependence on chemical inputs. Based on region, North America accounted for the
largest revenue share in 2022, driven by the increasing awareness of the
benefits of microbial use in agriculture over synthetic chemicals.
Additionally, the region's market growth is propelled by the adoption of
environment-friendly and organic farming practices. Central & South America
is expected to emerge as one of the fastest-growing regions as farmers shift
towards microbials as a replacement for chemical fertilizers. The profitability
of organic farming and support from government and non-government organizations
are projected to fuel market growth in the coming years. The Asia Pacific
region is anticipated to witness significant growth in the agricultural
microbial sector, owing to its status as the largest producer of organic
products. China and India, in particular, serve as key organic crop-producing
countries in the region. In Europe, the expansion of organic crop areas and the
increasing demand for organic products and biological fertilizers contribute to
reduced chemical fertilizer usage and lower crop production costs. Government
initiatives to promote organic farming are expected to drive the global
agricultural biologicals market throughout the forecast period.
Major companies operating in Global Agricultural
Microbials Market are:
- BASF SE
- Bayer Crop Science
- 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
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“The future outlook for the global agricultural
microbials market appears highly promising, fueled by an increasing awareness
and adoption of sustainable farming practices. With the ever-growing global
population, there is a pressing need to meet the rising demands for food
production. As a result, the agricultural microbials sector is poised to
experience substantial growth in the coming years. Furthermore, the market
growth of agricultural microbials is expected to be boosted by the emergence of
advanced biotechnological techniques. These advancements enable the development
of innovative microbial solutions that cater to a wide range of agricultural
applications. From crop protection to soil health management, these microbial
solutions offer a broad spectrum of benefits to farmers, helping them achieve
higher productivity and greater sustainability. The global agricultural
microbials market is poised for significant expansion in the coming years. The
increasing awareness of sustainable farming practices, coupled with the need to
meet the growing food demands of the global population, will continue to drive
the adoption of microbials in agriculture. With the advancements in
biotechnology, innovative microbial solutions will continue to revolutionize
the way we approach agricultural production, paving the way for a more
sustainable and productive future.,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based management consulting firm.
“Agricultural Microbials Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Bacterial,
Fungi, Virus, Protozoa), By Function (Soil Amendments and Crop Protection), By
Formulation (Dry and Liquid), By Mode of Application (Foliar Spray, Soil
Treatment, Seed Treatment, Others), By Crop Type (Cereals & Grains,
Oilseeds & Pulses, Fruits & Vegetables, Others), By
Region and Competition”, has evaluated the future growth
potential of Global Agricultural Microbials 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 Global Agricultural Microbials Market.
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