New York, NY, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a new research report titled “Agricultural Microbials Market Share, Size, Trends, Industry Analysis Report, By Function (Soil Amendments and Crop Protection); By Type; By Formulation; By Mode of Application; By Crop Type; By Region; Segment Forecast, 2023-2032” in its research database.
“According to the latest research study, the demand for global Agricultural Microbials Market size & share is expected to generate revenue of USD 24.86 Billion by 2032 and is estimated to be valued at USD 6.44 billion in 2022, at a compound annual growth rate (CAGR) of 14.5% from 2023 to 2032”
What are Agricultural Microbials? How Big is Agricultural Microbials Market Size & Share?
- Report Overview
Agricultural microbial contain various microorganisms which are used for supporting agriculture practices. It consists of microorganisms such as bacteria, fungi, and viruses which are used to improve crop productivity and quality of yield. Agricultural microbial can also enhance soil health conditions and purify the nutrient transportation process. Microorganisms play an important role in agriculture, supplying nutrients like phosphorous and nitrogen to plants.
Agricultural microbial increasingly find applications as biopesticides, biofertilizers, and biostimulants. Farmers are becoming aware of the benefits of deploying microbials in an agricultural process, and thus, the demand for these products is expected to increase in the upcoming years. The rising prevalence of consuming organic food among consumers and the increasing adoption of chemical-free and organic agricultural products are the prominent factors driving the agricultural microbials market size.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Our Sample Report May Includes:
- 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
- 115+ Pages Research Report (Inclusion of Updated Research).
- Provide Chapter-wise guidance on Requests.
- 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures.
- The updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.
Key Highlights of the Report
- Market tendencies that involve product and technological analysis, drivers and constraints, and PORTER’s five forces analysis.
- In-depth analysis of segments and sub-segments with regional market.
- Competitive landscape and strategies of key players.
- Recent trends and developments involve growth opportunities.
- Future outlook and prospects for the market.
- Reliable industry value chain and supply chain analysis.
- Import-Export policies regarding the products/services in the market.
Some of the Top Market Players Are:
- BASF SE
- Bayer CropScience
- FMC Corporation
- Syngenta AG
- UPL Ltd.
- Corteva Agriscience
- Novozymes A/S
- Marrone Bio Innovations
- Isagro S.p.A.
- Certis Biologicals
- Koppert Biological Systems
- Lallemand Inc.
- AgriLife BioSolutions
- Pivot Bio
- IPL Biologicals
- BioLogic Insecticide Inc.
- Provivi
- Fytofend
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Growth Driving Factors
- Increasing development in agriculture technology to push the market growth
A surge in personal disposable income and rising consciousness about maintaining good soil health are fueling the market growth. Growing awareness about the negative effects of synthetic chemicals is another key factor boosting the market growth. Rising demand for organic food products among consumers, along with a surge in the need for agriculture sustainability, is expected to propel the agricultural microbials industry demand. Fluctuating lifestyles, increasing research and development initiatives by leading firms, especially in developing countries, and rising worldwide population are some key agricultural microbials market trends bolstering the industry expansion.
Moreover, a rising number of developments and high advancements in agriculture technology are expected to create higher growth opportunities in the agricultural microbials market. Growing requirement need and demand for ecological farming, as well as a rising shift towards microbial from synthetic chemical products to enhance product quality, is anticipated to accelerate the market growth. In addition, changing global climatic conditions that have led to the increased prevalence and occurrence of plant pests and diseases are augmenting industry growth.
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Segmental Analysis
- Soil amendments segment is anticipated to show the fastest growth
Based on function, the soil amendments category is expected to grow at the fastest rate during the forecast period owing to the growing utilization of agricultural microbials by farmers for various purposes, such as controlling plant pests and diseases. Soil amendments are used as a sustainable and cost-effective solution. Another factor projected to enhance segment growth of the agricultural microbials market is the rising prevalence of integrated pest management practices worldwide.
- Bacteria segment held the highest market share
On the basis of type, bacteria accounted for the largest agricultural microbials market share due to the growing number of applications of bacteria as biofertilizers, biopesticides, and biostimulants. Bacteria can improve several functions in plants and protect ants from various root-fungus diseases, which is positively influencing segment growth. Further, the fungi segment is anticipated to experience a significant growth rate throughout the foreseen period.
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- Liquid segment captured the largest revenue share in 2022
In terms of formulation, in 2022, liquid accounted for the greatest market share. This growth can be attributed to the liquid microbial’s convenience over dry formulation. Also, the liquid formulation is easier to use as sprays, root dips, and drenches. Further, the dry formulation segment is growing due to its high demand among farmers across the globe as it is easy to store and transport, and it can live longer. In addition, the rising adoption of dry formulation-based products for several agriculture-related activities flourishes segment growth.
- Foliar spray segment dominated the market in 2022
In terms of mode of application, the foliar segment acquired the highest revenue share in the agricultural microbials market in 2022 and is expected to maintain its dominance over the projected period. This is because agriculture microbial has the ability to enhance overall plant health and various benefits in other applications. Foliar spray can quickly absorb the nutrients and treat several diseases and deficiencies in plants, which is majorly driving the segment growth.
- Fruits & Vegetable segment is anticipated to record the fastest growth
Based on crop type, the fruits & vegetables category is predicted to grow at the fastest rate owing to the growing demand for organic fruits & vegetables with rising consumer adoption of healthy and chemical-free products to improve well-being. Furthermore, the Cereals and Grains segment is anticipated to support market growth because of the rising adoption of agricultural microbials for gaining great sustainability and better yields.
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Agricultural Microbials Market Report Scope
| Report Attribute | Details |
| Revenue forecast in 2032 | USD 24.86 Billion |
| Market size value in 2023 | USD 7.36 Billion |
| Expected CAGR Growth | 14.5% from 2023 – 2032 |
| Base Year | 2022 |
| Forecast Year | 2023 – 2032 |
| Top Market Players | BASF SE, Bayer CropScience, FMC Corporation, Syngenta AG, UPL Ltd., Corteva Agriscience, Novozymes A/S, Marrone Bio Innovations, Isagro S.p.A., Certis Biologicals, Koppert Biological Systems, Lallemand Inc., AgriLife BioSolutions, Pivot Bio, IPL Biologicals, BioLogic Insecticide Inc., Provivi, and Fytofend. |
| Segments Covered | By Function, By Type, By Formulation, By Mode of Application, By Crop Type, By Region |
| Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options |
Geographic Overview
- North America region witnessed the largest market share in the market
By geography agricultural microbials market demand in North America accounted for the major revenue share in 2022 due to the growing awareness among farmers about the environmental advantages of such microbial coupled with the increasing adoption of organic farming practices. Also, various government organizations and agencies in the country, such as the National Science Foundation and the U.S. Department of Agriculture, are taking initiatives to develop agricultural microbials and encourage farmers to access these solutions to enhance crop production and quality.
Moreover, Asia Pacific is predicted to grow at the fastest growth in the market during the anticipated period. India and China are the two key agriculture sectors and are expected to generate a significant market share. Further, growing initiatives for environmental protection and restoration are anticipated to flourish eh regional market growth.
Browse the Detail Report “Agricultural Microbials Market Share, Size, Trends, Industry Analysis Report, By Function (Soil Amendments and Crop Protection); By Type; By Formulation; By Mode of Application; By Crop Type; By Region; Segment Forecast, 2023-2032” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/agricultural-microbials-market
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Recent Developments
- In January 2022, Certis Biologicals, unveiled its new product MeloCon, a water-dispersible concrete that contains spores of natural soil fungus, which aids to control a wide variety of nematodes at every stage it’s of their lifecycle. This product brings various advantages to farmers of both conventional and organic acreage.
Frequently Asked Questions
- What is the current market size and CAGR of the market during the forecast period?
- What are the major factors driving the market growth?
- What are the key factors hampering the growth of the market?
- Which are the major players operating in the growth of the market?
- What growth opportunities does the market offer?
- What are the key outcomes of Porter’s five forces model?
Polaris Market Research has segmented the agricultural microbials market report based on function, type, application, mode of application, crop type, and region:
By Function Outlook
- Soil Amendments
- Crop Protection
By Type Outlook
- Bacteria
- Fungi
- Protozoa
- Virus
By Formulation Outlook
- Liquid
- Dy
By Mode of Application Outlook
- Foliar Spray
- Soil Treatment
- Seed Treatment
- Others
By Crop Type Outlook
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Others
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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