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.
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.
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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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