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IMARC Group's report titled “Agricultural Microbial Market Report by Type (Bacteria, Fungi, Virus, and Others), Formulation (Dry, Liquid), Application Method (Soil Amendment, Crop Protection), Function (Foliar Spray, Soil Treatment, Seed Treatment, and Others), Crop Type (Cereals, Oilseeds and Pulses, Fruits and Vegetables, and Others), and Region 2024-2032”. The global agricultural microbial market size reached US$ 9.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 23.9 Billion by 2032, exhibiting a growth rate (CAGR) of 10.3% during 2024-2032.
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Factors Affecting the Growth of the Agricultural Microbial Industry:
Increasing Demand for Organic and Sustainable Farming Practices:
The rising preference for organic produce and sustainable farming practices is impelling the growth of the market. As more people become aware about the environmental and health impacts of synthetic chemicals, there is a shift towards organically grown crops, which rely on natural solutions for pest control and soil health. Agricultural microbes, including bacteria, fungi, and viruses, are being increasingly utilized as biopesticides, biofertilizers, and biostimulants in organic farming. These microbes aid in enhancing crop yields, improving soil fertility, and reducing the need for chemical fertilizers and pesticides. This growing demand for organic products, driven by user awareness and regulatory support for sustainable agriculture, is positively influencing the market.
Regulatory Support and Government Initiatives:
Government regulations and initiatives aimed at promoting sustainable agriculture are propelling the market growth. Many governments worldwide are implementing policies to reduce the use of chemical pesticides and fertilizers, which are known to have adverse effects on the environment and human health. These regulations often include incentives for farmers to adopt eco-friendly farming practices, including the use of agricultural microbes. Additionally, government-funded research programs are accelerating the innovation and commercialization of microbial products. Moreover, subsidies are provided to farmers who integrate microbial solutions into their farming practices, making these products more accessible and affordable. The combination of regulatory pressure to reduce chemical usage and government support for sustainable alternatives is contributing to the market growth.
Advancements in Microbial Research and Biotechnology:
Ongoing advancements in microbial research and biotechnology are playing a crucial role in supporting the market growth. Recent developments in genomics, proteomics, and bioinformatics are enabling scientists to better understand the complex interactions between microbes and plants, leading to the discovery and development of more effective microbial strains. These advancements are also facilitating the production of customized microbial solutions tailored to specific crops, soils, and climatic conditions, thereby increasing their efficacy and adoption among farmers. Additionally, improvements in fermentation technology and formulation techniques are enhancing the shelf-life, stability, and scalability of microbial products, making them more commercially viable.
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Leading Companies Operating in the Global Agricultural Microbial Industry:
AgBiome
BASF SE
Bayer AG
Cargill Incorporated
Certis USA LLC
Chr. Hansen A/S
DuPont de Nemours Inc.
Koppert Biological Systems
Marrone Bio Innovations (Bioceres Crop Solutions)
Novozymes A/S (Novo Holdings A/S)
Nufarm Limited
Sumitomo Chemical Co. Ltd.
Syngenta AG.
Agricultural Microbial Market Report Segmentation:
By Type:
Bacteria
Fungi
Virus
Others
Bacteria exhibit a clear dominance in the market due to their versatile applications in enhancing soil health, nutrient cycling, and plant growth.
By Formulation:
Dry
Liquid
Liquid holds the biggest market share as they are preferred for their ease of application, better absorption, and longer shelf life compared to dry forms.
By Application Method:
Soil Amendment
Crop Protection
Crop protection represents the largest segment because of the growing need to manage pests and diseases in an eco-friendly and sustainable manner.
By Function:
Foliar Spray
Soil Treatment
Seed Treatment
Others
Foliar spray accounts for the majority of the market share. It allows for direct application to plant leaves, leading to quicker absorption and more efficient use of microbial products.
By Crop Type:
Cereals
Oilseeds and Pulses
Fruits and Vegetables
Others
Based on the crop type, the market has been categorized into cereals, oilseeds and pulses, fruits and vegetables, and others.
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
North America dominates the market attributed to its advanced agricultural practices, strong regulatory support, and high adoption rates of sustainable farming technologies.
Global Agricultural Microbial Market Trends:
The increasing focus on soil health and regeneration is bolstering the market growth. Soil degradation, caused by extensive use of chemical fertilizers, pesticides, and monoculture farming, is becoming a major concern globally, leading to reduced agricultural productivity. To combat this, there is a rise in the interest in practices that enhance soil health, with agricultural microbes playing a pivotal role. Microbes, such as rhizobacteria and mycorrhizal fungi, aid in improving soil structure, nutrient cycling, and organic matter decomposition, which are essential for maintaining soil fertility. These microbes also promote plant growth by enhancing root development and increasing the availability of nutrients like nitrogen and phosphorus. As farmers and agricultural stakeholders recognize the long-term benefits of healthy soils for sustainable crop production, the demand for microbial solutions that support soil regeneration and resilience is increasing.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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