The global demand for Agricultural Microbials Market is presumed to reach the market size of nearly USD 21.56 MN by 2028 from USD 8.06 MN in 2021 with a CAGR of 15.1% under the study period 2022 - 2028.
Agricultural microbials are microorganisms that are employed in agriculture to improve crop productivity and yield quality. Microbial inoculants used in agriculture have distinct target functionalities and are hence suited for application in various crops. Agricultural microbials are naturally occurring organisms like moulds and bacteria that provide plants with nutrients like phosphorus and nitrogen. Agricultural microbials may be crucial for holistically boosting plant health and crop output while reducing disease outbreaks, improving soil health, and refining the nutrient transfer mechanism.
Market Dynamics
One of the primary drivers for the agricultural microbial market is the growing requirement to feed an ever-increasing global population and the increasing need for sustainable agriculture techniques and public awareness about environmental safety. Farmers are motivated to employ efficient crop-protection systems when urbanization and the amount of arable land decrease. The expanding benefits of microbial products have gained wider awareness and acknowledgement. Global agricultural yields must increase to meet food production needs as arable land per person declines, and the population grows. Hence, there has been an upsurge in microbial products and agricultural production demand. The agricultural microbials market expansion is projected to be aided by the rising demand for microorganisms to achieve sustainable agricultural intensification. Organic agriculture methods' high growth potential is expected to offer opportunities for the growth of agricultural microbial. Nevertheless, the agricultural microbial market has been limited by a lack of awareness and marketing of biologicals.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of agricultural microbials. The growth and trends of agricultural microbials industry provide a holistic approach to this study.
Market Segmentation
This section of the agricultural microbials market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Bacteria
- Fungi
- Virus
- Other
By Function
- Soil Amendment
- Crop Protection
By Mode of Application
- Soil Treatment
- Foliar Spray
- Seed Treatment
By Application
- Fruits And Vegetables
- Cereals And Grains
- Oilseeds And Pulses
- Turf And Ornamentals
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Agricultural Microbials market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Agricultural Microbials Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the agricultural microbials market include BASF, Bayer CropScience, Valent BioScience LLC, Sumitomo Chemicals Company Ltd., Syngenta, UPL Ltd, Monsanto Company. others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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