Global Agricultural Microbial Market, By Type (Bacteria, Fungi, Protozoa, Viruses and Others), Function (Crop Protection, Soil Enhancement, and Others), Form (Dry and Liquid), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others), Mode of Application (Foliar Spray, Soil Treatment, Seed Treatment and Post-Harvest), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Data Bridge Market Research analyses that the global agricultural microbial market will project a CAGR of 14.80% for the forecast period of 2022-2029. Growth and expansion of the agricultural industry, growing focus on innovations by the agricultural sector, rising consumer consciousness towards livestock farming, surging cultivation of cereals, and grains and fruits and vegetables around the world and increasing personal disposable income by the major companies are the major factors attributable to the growth of agricultural microbial market.
Agricultural microbial are a wide range of bacteria, fungi, protozoa and viruses that are used in the agricultural practices to improve and enhance the fertility of soil. Further, agricultural microbial are useful in improving the productivity of the soil.
Rising personal disposable income and growing consciousness towards maintaining good soil health are the major factors fostering the growth of the market. Changing lifestyle, westernization, rising research and development initiatives taken by major companies especially in the developing economies and ever-rising global population are acting as market growth determinants. Improving distribution channel, rising technological up gradations in the manufacturing technology, growing awareness about the benefits of agricultural microbial such as providing nutrients to plants, nitrogen fixation, disease control and so on, and changing tastes and preferences of consumers will further induce growth in the market value.
However, shorter shelf life of these agricultural microbial will pose a major challenge to the growth of the market. Fluctuations in the prices of raw materials and supply chain disruptions owing to the pandemic will further restrict the scope of growth for the market. High cost associated with the research and development activities and synthetic nature of pesticides will also hamper the market growth rate.
This agricultural microbial market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on agricultural microbial market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Agricultural Microbial Market Scope and Market Size
The agricultural microbial market is segmented on the basis of type, function, form, crop type, and mode of application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on type, the agricultural microbial market is segmented into bacteria, fungi, protozoa, viruses and others. Bacteria segment is further segmented into bacillus spp., rhizobium spp., and others. Fungi segment is further segmented into trichoderma spp., mycorrhizal fungi and others.
- Based on function, the agricultural microbial market is segmented into crop protection, soil enhancement, and others. Soil enhancement segment is further segmented into biofertilizers, and biostimulants. Crop protection segment is further segmented into bioinsecticides, biofungicides, bioherbicides, bionematicides and others.
- Based on the form, the agricultural microbial market is segmented into dry and liquid. Dry segment is further segmented into dry granules, and water dispersible granules. Liquid segment is further segmented into emulsifiable concentrates, suspension concentrates and soluble liquid concentrates.
- Based on crop type, the agricultural microbial market is segmented into cereals & grains, oilseeds & pulses, fruits and vegetables, and others.
- Based on the mode of application, the agricultural microbial market is segmented into foliar spray, soil treatment, seed treatment, and post-harvest.
Agricultural Microbial Market Country Level Analysis
The agricultural microbial market is analyses and market size, volume information is provided by country, type, function, form, crop type, and mode of application as referenced above.
The countries covered in the agricultural microbial market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America region dominates the agricultural microbial market and will continue to flourish its trend of dominance during the forecast period owing to the stringent regulation for chemical catalysts and increasing demand for organic food. Asia-Pacific is set to register the a high growth rate during the forecast period and score the highest CAGR owing to the increasing demand for the production of tropical and sub-tropical vegetables and fruits, growing population, changing lifestyle, and increasing personal disposable income.
The country section of the agricultural microbial market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Agricultural Microbial Market Share Analysis
The agricultural microbial market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to agricultural microbial market.
Some of the major players operating in the agricultural microbial market are Sumitomo Chemical Co., Ltd., FMC Corporation, Dow, Bayer AG, Gujrat State Fertilizers & Chemicals Limited, Koppert B.V., Marrone Bio Innovations, Inc., DuPont, Certis USA LLC., Syngenta Crop Protection AG, Novozymes, Arysta Lifescience Limited, DuPont, Chr. Hansen Holding A/S, BASF SE, Taxon, Kemin Industries, Inc., Cargill, Incorporated, Ingredion and Tate & Lyle among others.