CAGR of 14.2%, Growth Ahead for Agricultural Microbials Market to 2025
Agricultural Microbials Market is valued at USD 4.69 Billion in 2018 and expected to reach USD 11.88 Billion by 2025 with the CAGR of 14.2% over the forecast period.
This Agricultural microbials Market report also covers the impact of COVID-19 on the global market. The pandemic caused by Coronavirus (COVID-19) has affected every aspect of life globally, including the business sector. This has brought along several changes in Agricultural microbials Market conditions.
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Rising demand for food and increasing adoption of Integrated Pest Management (IPM) practices as well as growing awareness about benefits of agricultural microbial among the people are some important factors driving the growth of agricultural microbial market.
Increasing demand for sustainable, environment friendly and pollution free organic farming to enhance the productivity of the agricultural plants are some important factor driving the growth of agricultural microbials market.
Global agricultural microbial market reports cover prominent players like,
BASF, Bayer CropScience, Valent BioScience LLC, Sumitomo Chemicals Company Ltd., Syngenta, UPL Ltd, Monsanto Company , others.
Agricultural microbial are produced from microorganisms which are fungi, bacteria, virus and protozoa are beneficial for agriculture to increase productivity and quality of crops. Micro-organism play important role in agriculture such as soil microbes, bacteria and fungi are essential for decomposing organic matter and recycling old plant material. Microorganisms improve crop nutrition and the ability of crops to resist biotic and abiotic stress. Bacteria such as Azotobacter, clostridium and Rhizobium spp absorb atmospheric nitrogen and make it available to the plants in the form of ammonia which is converted into nitrate. Fungi helps to decompose dead organisms these add value in agriculture and fungi produce humus which is the source of nutrient for the plants. Fungi maintain the fertility of the soil and enhance production of crops. Benefits of microorganism in agriculture are it helps to improve structure of the soil, increases fertility of soil, controlling diseases and insect pest, enhance nutrient uptake, increases beneficial minerals in organic compound and boost the strength of plants and yield of crops.
Agricultural microbials are the important constituents in the plant growth for higher-yielding of agricultural plants. The agricultural microbials provide a full range of microbial solutions with improved crop productivity and sustainable soil health, to replace nutrients and harvesting to support new crops to the agriculture, horticulture, and turf management marketplaces. Sustainable agricultural systems can be formed by rich, biologically active soil with suitable microbials for the fundamental to building the plants. The plant can synthesize those nutrients from the microbials in a more efficient manner to improve soil quality, increase plant health, and provide a cleaner, larger yield at harvest.
Global Agricultural microbials Market Dynamics –
The key factor for growth of global agricultural microbials market is increasing demand for sustainable, environment friendly, and pollution free organic farming to enhance the productivity of the agricultural plants. As per the recent study Research Institute of Organic Agriculture by FiBL, around 50.9 million hectares of land was organic agricultural land reported in 2014 from over 179 countries across the globe. Among which 2.4 million producers have reported to choose organic farming in developing countries. Thus organic farming is increasing the demand all over the world due to growing health awareness among the people. The organic farming has huge demand for the agricultural microbials for high feasibility, productivity and yielding of soil.
Bayer CropScience has launched Biological
News: 21Oct 2019- Bayer CropScience has launched latest biological innovation known as brand name Biological, by Bayer at 2019 Annual Biocontrol Industry Meeting (ABIM). Biological have unique modes of action, which helps farmers better manage pest resistance by knocking insects and diseases off their virulent paths. Biological used as integrated diseases and pest management system which helps in healthy harvesting.
Agricultural microbials Market Segmentation –
By Product Type: Bacteria, Fungi, Virus, Other
By Application: Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, Turf and Ornamentals, Others
Segmentation Analysis:
The global Agricultural microbials is segmented on the basis of product type, basis of function, mode of applications, end-user and region and country level.
Based on product type, the agriculture microbials market has been segmented into fungi, bacteria, Protozoa, virus and others. Among which bacteria segment has highest market share owing to higher benefits for plant cultivation and growth in the agricultural microbials market.
On the basis of function the global agricultural microbials market is segmented into crop protection and soil amendment. Of which, crop protection segment have highest market share in 2019 due to increasing demand crop cultivation across the globe. As per the PLOS organization, the demand for crop will increase by 100% to 110% by 2050. Hence the crop protection will stipulate for increasing the productivity.
On the basis of mode of applications, the global agriculture microbials market is segmented into foliar spray, soil treatment, and seed treatment. Among which, soil treatment has shown highest market share owing to rising the awareness among the people about the soil testing and yielding of plant.
On the basis of application, the global agriculture market is classified as fruits and vegetables, turf and ornamentals, cereals and grains, oil seeds and pulses and others. Fruits and vegetables have the highest market share owing to rising demand for the fruits and vegetables for the feeding of the continuously growing population.
The regions covered in global Agricultural microbials market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, global Agricultural microbials market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Agricultural Microbial Market Dynamics-
The key factor for the growth of agricultural microbial market is increasing population which leads to growing demand for food in worldwide. According to Food and Agriculture Organization (FAO), the world population is expected to reach up 9.1 billion by 2050 and food production is expected to rise by 70% before 2050. Furthermore, rapid urbanization and decrease in arable land which motivates farmers to adopt crop protection practices this increases usage of microbial products in agriculture is driving the growth of agricultural microbial market. In addition, rising adoption of Integrated Pest Management (IPM) practices for crop protection owing to eco-friendly and cost effective to control plant pest across the globe is driving the growth of agricultural microbial market. Additionally, growing awareness about benefits of microbial products among the farmers drives agricultural microbial market. However, the factors which restrict the growth of agricultural microbial market is delayed effects of microbial products as compared to chemical agrochemicals. Moreover, different forms of agricultural microbial create huge opportunity in agricultural microbial market.
Agricultural microbials Market Regional Analysis –
Europe is projected to grow at faster due to increasing growth of high-value crops owing to rise in awareness about agricultural microbial. In addition, increasing usage of microbial product in order to high production is driving the growth of agricultural microbial market.
North America is expected to dominate the growth agricultural microbials market with the potential rate due to increasing adoption of organic farming with rising government supports followed by Europe. As per the recent study of Research Institute of Organic Agriculture by FiBL, the US is the largest market for organic farming and agricultural research based study by region. As in North America has government has initialized the programs for farmers promoting the organic agricultural development. This has created huge demand for the agriculture microbials market to support organic production, marketing and research on different microorganisms.
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