Global Agricultural Microbial Market Opportunities 2024, Forecast To 2033
14 Feb, 2024
The agricultural microbial market has experienced rapid growth, surging from $5.85 billion in 2023 to $6.75 billion in 2024, with a robust compound annual growth rate (CAGR) of 15.5%. This expansion is attributed to the escalating demand for sustainable agriculture, regulatory support, heightened farm productivity, and concerns regarding pesticide residues. The market is poised for continued momentum, projected to reach $11.87 billion in 2028, boasting a CAGR of 15.1%. Future drivers include sustained emphasis on sustainability, adaptation to climate change, organic farming growth, global food security, integrated pest management (IPM), and the emergence of new markets. Key trends encompass biotechnology advancements, extensive research and development, collaborative partnerships, microbial consortia, microbiome research, and the integration of digital agriculture.
Global Agricultural Microbial Market Key Driver
The agricultural microbial market is set to grow due to increased awareness of organic farming. This farming method avoids chemical pesticides and fertilizers, utilizing microorganisms to protect plants and maintain soil health. In 2021, the United States food and agriculture organization reported organic agriculture in 187 countries, with 72.3 million hectares maintained organically by 3.1 million farmers. This surge in organic farming awareness propels the agricultural microbials market.
Get A Free Sample Of The Global Agricultural Microbial Market ReportGlobal Agricultural Microbial Market Segments
The agricultural microbial market covered in this report is segmented –
1) By Type: Bacteria, Fungi, Virus, Other Types
2) By Formulation: Dry Formulation, Liquid Formulation
3) By Function: Crop Protection, Soil Amendment
4) By Mode Of Application: Soil Treatment, Foliar Spray, Seed Treatment
5) By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Turf And Ornamentals
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North Americawas the largest region in the microbial agriculture market in 2023. The regions covered in the agricultural microbial market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Agricultural Microbial Industry Players
BASF SE; Syngenta AG; Koppert BV; Novozymes A/S; Bayer CropScience; Arysta Lifescience Limited; AgBiome LLC; Certis Usa LLC; Chr. Hansen A/S; BioAg Alliance; Marrone Bio Innovations; Monsanto Company; Corteva Agriscience; Valent BioSciences; Lallemand Plant Care; Camson Bio Technologies; Becker Underwood; BioConsortia Inc.; Phyllom BioProducts Inc.; Rizobacter Argentina S. A.; Terramera Inc.; BioWorks Inc.; Biochimex S. A. S.; BioForest Technologies Inc.; Andermatt Biocontrol AG; Verdesian Life Sciences LLC; Metagenomics Inc.; Qingdao Future Group; BioNovelus Inc.
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Agricultural Microbial Market Overview
Agricultural microbial refers to a characteristic of a microorganism concerned with plant-associated microbes. It intends to deal with issues in farming techniques typically brought on by a lack of biodiversity in microbial populations. It seeks to deal with issues in farming techniques typically brought on by a lack of biodiversity in microbial populations.
Agricultural Microbial Global Market Report 2023 provides data on the global agricultural microbial market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The agricultural microbial market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.