IMARC Group, a leading market research company, has recently releases report titled “ Agricultural Microbial Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” The global agricultural microbial market size reached US$ 9.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 23.9 Billion by 2032, exhibiting a growth rate (CAGR) of 10.3% during 2024-2032.
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Factors Affecting the Growth of the Agricultural Microbial Industry:
- Growing Demand for Sustainable Agricultural Practices:
The increasing awareness about the adverse effects of chemical pesticides and fertilizers on the environment is driving the demand for natural and biological solutions. Agricultural microbials, including bacteria, fungi, and viruses, offer an eco-friendly alternative to traditional agrochemicals. They improve crop yield and health by enhancing nutrient uptake, suppressing soil-borne diseases, and promoting plant growth. This shift towards sustainable agriculture is supported by governmental policies and initiatives, encouraging farmers to adopt microbial products. The rising adoption of practices in the agriculture sector that reduce environmental impact and promote long-term sustainability is strengthening the market growth.
- Technological Advancements in Microbial Solutions:
The development and integration of cutting-edge biotechnological and microbiological research are improving the efficacy and reliability of microbial products. Innovations in genetic engineering, fermentation technology, and formulation techniques are enabling the creation of highly effective microbial strains with specific benefits, such as higher resistance to pests and diseases, enhanced stress tolerance, and improved nutrient utilization. These advancements are not only enhancing the appeal of microbial solutions among farmers but also increasing their applicability across a diverse range of crops and environmental conditions. Moreover, the enhanced performance and broader spectrum of solutions available are encouraging the adoption of agricultural microbials.
- Enhanced Focus on Soil Health:
Soil degradation, resulting from intensive farming practices and overuse of chemical inputs, is becoming a concern, threatening food security and ecosystem health. Agricultural microbials offer a solution to this challenge by promoting soil regeneration and biodiversity. They enhance soil structure, increase organic matter content, and restore the balance of soil microbiota, leading to healthier soils capable of supporting sustainable agricultural practices. This focus on soil health is not just about enhancing crop yields but also about ensuring the long-term viability of farming lands. The growing awareness about the importance of soil health among farmers, agronomists, and policymakers is catalyzing the demand for microbial solutions that can restore and maintain healthy soils.
Leading Companies Operating in the Global Agricultural Microbial Industry:
- AgBiome
- BASF SE
- Bayer AG
- Cargill Incorporated
- Certis USA LLC
- Chr. Hansen A/S
- DuPont de Nemours Inc.
- Koppert Biological Systems
- Marrone Bio Innovations (Bioceres Crop Solutions)
- Novozymes A/S (Novo Holdings A/S)
- Nufarm Limited
- Sumitomo Chemical Co. Ltd.
- Syngenta AG.
Agricultural Microbial Market Report Segmentation:
By Type:
- Bacteria
- Fungi
- Virus
- Others
Bacteria exhibit a clear dominance in the market accredited to their crucial role in nutrient cycling, disease suppression, and plant growth enhancement.
By Formulation:
- Dry
- Liquid
Liquid holds the biggest market share attributed to its ease of application, better microbial viability, and efficient absorption by plants.
By Application Method:
- Soil Amendment
- Crop Protection
Crop protection represents the largest segment, as microbial products are extensively used to combat plant pathogens and pests sustainably.
By Function:
- Foliar Spray
- Soil Treatment
- Seed Treatment
- Others
Foliar spray accounts for the majority of the market share due to its direct application to plant leaves, allowing for quick uptake of microbes for immediate effects.
By Crop Type:
- Cereals
- Oilseeds and Pulses
- Fruits and Vegetables
- Others
Based on the crop type, the market has been categorized into cereals, oilseeds and pulses, fruits and vegetables, and others.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America dominates the market owing to advanced agricultural practices, high adoption of biotech solutions for crop improvement, and a supportive regulatory environment.
Global Agricultural Microbial Market Trends:
The growing integration of agricultural microbials with precision agriculture technologies to improve functionality is offering a favorable market outlook. Precision agriculture leverages data, global positioning system (GPS), and other technologies to optimize field-level management regarding crop farming. The integration of microbials into this precision framework allows for more targeted and efficient application, maximizing their effectiveness and minimizing waste. Additionally, data analytics can help determine the optimal type and quantity of microbials for specific parts of a farm, enhancing crop responses and sustainability. This synergy between biological solutions and technological advancements not only improves the cost-effectiveness of microbial products but also appeals to a tech-savvy farmers.
Other Key Points Covered in the Report:
- Porters Five Forces Analysis
- Value Chain Analysis
- Strategic Recommendations
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