Product Overview
Agricultural microbials are the key elements in the plant growth for higher production of agricultural plants. The agricultural microbials offer a complete scale of microbial solutions with enhanced crop efficiency and environmental soil condition to substitute ingredients and reaping to maintain new crops to the agriculture, horticulture, and field management sector. Ecological agricultural programs can be created by rich, biologically active soil with appropriate microbials for the stipulation to growing the plants. The plant can combine those ingredients from the microbials in a more resourceful manner to enhance soil quality, raise plant conditions, and offer a cleaner, larger output at harvest.
Market Highlights
Global agricultural microbials market is expected to exceed USD 9,667.5 million by 2030 from USD 4,095 million in 2019 at a CAGR of 14.28% throughout the forecast period i.e. 2020-2030. The market is anticipated to grow on the back of rising demand for food.
The worldwide market of agricultural microbials is being pushed based on rising pressure around the globe for increasing the manufacture of food with subject to the consistently increasing global population. Other aspects such as the need for eco-friendly agricultural techniques and accommodating microbe’s governing norms further lead to market growth. Rising consumer concern towards organic yield supplements market development. Nevertheless, one of the aspects which hinder the market growth of agricultural microbial is their shorter shelf life.
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Global Agricultural Microbials Market Opportunity Analysis
Global Agricultural Microbials Market: Segments
The Bacteria segment to grow with the fastest CAGR of xx% during 2020-2030
Global agricultural microbials market is segmented by Microbials Type into Bacteria, Fungi, Virus, Protozoa and Others. Among these, the bacteria segment is estimated to hold the largest market share of xx% in 2019. They are the biggest category of micro-organism breeds that have been disclosed and are utilized for several industrial drives. Bacterial types have been most effectively secluded and utilized for cultivation reasons compared to all the other micro-organisms, and form 43.5% of all the micro-organism types disclosed globally. The application of bacteria in agriculture has risen on the basis of bio-fertilizers and bio-pesticides, as these sustainably offer greater and healthy outputs. Their advantages in acquiring a complete plant growth in farming boost their consumption in the market.
By Microbial Type (in %), Global Agricultural Microbials Market, 2019
The Fruits & Vegetable segment to boost at fastest CAGR of XX% during 2020-2030
Global agricultural microbials market is segmented by Crop Type into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and Others. Among these, the fruits & vegetable segment is witnessed to hold the largest market share of xx% in the year 2019. The swiftly moving concern towards the utilization of fruits and vegetables in the population to acquire maximum nutrition is pushing the market. There has also been a substantial increase in the manufacturing volumes of fruits and vegetables around the globe. The growing per capita incomes of the population in the evolved and evolving regions also drive the need for naturally produced foods.
By Crop Type (in %), Global Agricultural Microbials Market, 2019
The Crop Protection segment to boost at fastest CAGR of XX% during 2020-2030
Global agricultural microbials market is segmented by Function into Soil Enhancement, Crop Protection and Others. Among these, the crop protection segment is witnessed to hold the largest market share of xx% in the year 2019. The microbial bug management offers a substantial level of target specificity and environmental protection and therefore can be used exclusively or in grouping with other bug control schemes. Hence, the producers consistently find the application of the products in this segment, so their market seems to grow rapidly.
Global Agricultural Microbials Market: Market Dynamics
Increasing Demand for Food
Rising demand for food is portraying an essential part in the development of the worldwide agricultural microbials market. Agricultural microbials are fruitful in improving crop production and also in enhancing human health. Additionally, the swiftly rising global population is accelerating the need for food, therefore, fueling the progress of the region. furthermore, the rising concern towards eco-friendly agriculture techniques is converting into the greater acceptance of agricultural microbials. Suitable governing norms and financial policies by various governments around the globe are also boosting the market.
Restraint
Shorter Shelf Life of Agricultural Microbials
On the other hand, the shorter life span of agricultural microbials is restraining the worldwide implementation of agricultural microbials. This is also bounded by the shifting climatic circumstances. Nevertheless, the increasing utilization of agricultural microbials in developing regions of the Asia Pacific and Latin America are fueling market players to invest in these regions.
Global Agricultural Microbials Market: Regions
North America to surge at the highest CAGR of xx% during 2020-2030
Region-wise, the market for agricultural microbials across the globe is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. Among these, North America is witnessed to constitute xx% of the total market share in the year 2019. The region is witnessing extreme growth in organic farming techniques, farm adaptations from traditional to organic, and evolution of advanced biological solutions through the survey. The rising growth of high-value crops and increasing concern among farmers about the ecological gains of microbial solutions are projected to offer more scope for the agricultural microbials market spread. Populations in this region also are turning out to be more concerned about food safety and quality; thus, the governments have to invest more so that they meet these needs of the population, which happens to raise the demand for microbial solutions in the region.
By Region (in %), Global Agricultural Microbials Windows Market, 2019
Global agricultural microbials market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Global Agricultural Microbials Market: Key Players
- UPL Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- BASF
- Hansen Holdings
- Bayer Crop Science
- Marrone Bio Inventions
- Sumitomo Chemicals Company Ltd.
- Certis LLC
- Monsanto Company
- Syngenta
- Corteva
The market report on global agricultural microbials also contains the following in-depth analysis:
- Agricultural Microbials Market Segments:
- By Microbials Type
- Bacteria
- Fungi
- Virus
- Protozoa
- Others
- By Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
- By Formulation
- Dry
- Liquid
- By Application
- Soil Treatment
- Seed Treatment
- Post-Harvest
- Foliar Spray
- By Function
- Soil Enhancement
- Crop Protection
- Others
- By Region
- North America
- Latin America
- Europe
- Middle East & Africa
- Asia Pacific
- Agricultural Microbials Market Dynamics
- Agricultural Microbials Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
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