Global
agricultural microbials market
is valued approximately USD 3.8 billion in 2019 and is anticipated to grow with
a healthy growth rate of more than 15.0% over the forecast period 2020-2026. In
agricultural practices various beneficial soil microbes are used. They include
bacteria and fungi that help release nitrogen, control the diseases of plants,
decompose organic matter, and many more. Agricultural microbials, such as bio
fungicides, biopesticides, biofertilizers, bioinsecticides and others, are used
in several agricultural sectors. The ever-increasing demand for food is playing
a vital role in the growth of the global market for agricultural microbials.
Agricultural microbials are biofertilisers useful for improving crop yields as
well as for improving human health. They are boosting plant growth and
increasing crop yields and are less environmentally harmful, and they also
reduce the cost of chemical fertilizers. Furthermore, the rapidly growing
global population is stepping up food demand, thereby boosting regional growth.
Shorter microbial shelf-life is the restraining factor of agricultural
microbials. This is further compounded by climate change. Consumer interest in
organic products is growing along with consumer interest in organic products is
the opportunity factor.
Growth
of the global market for agricultural microbials is driven primarily by rising
food demand in the US and Europe. The major driving factor of the global market
is increased demand from developing economies. North America is expected to
increase the prevalence of crop diseases and environmental protection laws to
boost market growth for global agricultural microbials. North America is
growing at a significant rate due to rising demand for organic food. Asia
Pacific will show substantial growth in the future. Major developing countries
like China and India have created new growth opportunities owing to higher food
demand. This trend will continue as the importance of the agricultural sector
increases in the future.
Major market player included in this
report are:
BASF
SE
Certis
USA
DOW
Agrosciences
Nufarm
Ltd.
Sumitomo
Chemical
Novozymes
A/S
Koppert
BV
Syngenta
AG
Monsanto
Company
Bayer
Crop Science AG
The
objective of the study is to define market sizes of different segments &
countries in recent years and to forecast the values to the coming eight years.
The report is designed to incorporate both qualitative and quantitative aspects
of the industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial
aspects such as driving factors & challenges which will define the future
growth of the market. Additionally, the report shall also incorporate available
opportunities in micro markets for stakeholders to invest along with the
detailed analysis of competitive landscape and product offerings of key
players. The detailed segments and sub-segment of the market are explained
below:
By Type:
Bacteria
Protozoa
Viruses
Fungi
By Crop Type:
Grains
and Cereals
Pulses
and Oilseeds
Vegetables
and Pulses
Others
By
Function:
Crop
Protection
Soil
Amendment
By
Formulation:
Liquid
Dry
By
Mode of Application:
Seed
Treatment
Soil
Treatment
Foliar
Spray
By
Region:
North
America
U.S.
Canada
Europe
UK
Germany
Asia
Pacific
China
India
Japan
Latin
America
Brazil
Mexico
Rest
of the World
Furthermore,
years considered for the study are as follows:
Historical
year-2016, 2017, 2018
Base
year-2019
Forecast
period-2020 to 2026
Target
Audience of the Global Residential Energy Management Market in Market Study:
Key
Consulting Companies & Advisors
Large,
medium-sized, and small enterprises
Venture
capitalists
Value-Added
Resellers (VARs)
Third-party
knowledge providers
Investment
bankers
Investors
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Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-9015378249