The global agriculture microbials market accounted for a value of USD 5.7 billion in 2019. and is projected to register growth at a CAGR of 10.9% during forecast period.
COVID-19 has impacted the agriculture microbials market however, the impact is not significant. The manufacturing plants are operating and there is no significant impact on supply chain of agriculture microbial market. Many manufacturing are operating across the world. All these manufacturing units ensure maximum safety and sanitation during COVID-19
For more details, visit: Global Agriculture Microbials Market By Type (Bacteria, Fungi, Others), By Application (Foliar Spray, Seed Treatment Others.), By Form (Dry and Liquid), By Crop Type, By Function, By Region, Forecast & Opportunities to 2026
The awareness about food safety is increasing among consumers around the world. People are shifting towards organic food or healthy food. Microbial helps in enhancing crop yield for organic food. This drives growth in agriculture microbials market during forecast period.
On the basis of type, the agricultural microbials market is segmented into protozoa, bacteria, virus and fungi. The bacteria segment is estimated to dominate the market during forecast period and it estimated to reach a value of USD XX billion by 2025. In the world 1,408,525 strains of bacteria successfully registered. Bacteria are considered to have largest class of microorganism strains which are successfully registered. Bacterial strains are used for cultivation and industrial purposes. It has wide range of application in agriculture sector. It used in terms of biopesticides and biofertilizers to provide higher yield. This drives growth in agriculture microbial market during forecast period.
On the basis of crop type, the agricultural microbials market is segmented into fruits & vegetables, oilseeds & pulses, cereals & grains and others. The fruits & vegetables segment is estimated to be the fastest growing segment during forecast period. It is estimated to reach a value USD XX billion by year 2025. The population is adopting healthy eating habits and consuming nutritive fruits and vegetables at large scale. The production quantity of fruits & vegetables is increasing and export import of this segment is also increasing. This drives growth in fruits & vegetables segment during forecast period.
On the basis of application, the agricultural microbials market is segmented into foliar spray, seed treatment and soil treatment. The foliar spray segment is estimated to be fastest growing segment during forecast period. It is highly effective and convenient method. It has better effect on abiotic stress tolerance. The foliar spray method is becoming immensely popular and the adoption for this is increasing among farmers. This drives growth in foliar spray segment during forecast period.
North America region is estimated to hold largest market share during forecast period and reach the value of USD XX billion by 2025. The demand for organic food products is increasing in this region rapidly. The farms are converting from conventional to organic farms which lead to high adoption of agriculture microbials. The growth of high value crops is increasing rapidly in this region. The awareness among farmers is increasing about environmental and they are adopting all such methods which are environment friendly. The food safety concern is growing among consumers and they are demanding high quality food. In order to meet the standards of population’s food safety demand the adoption of agriculture microbials is increasing and this drives growth in North America region during forecast period.
The key market players in agricultural microbials industry are BASF SE, Bayer Cropscience, Monsanto Company, Sumitomo Chemicals Company, Corteva Agriscience, Syngenta AG, UPL Ltd., Novozymes, CHR. Hansen Holdings, Verdesian Life Sciences Llc, Isagro S.P.A., Valent Biosciences Llc, Certis USA Llc, Marrone Bio Innovations, Lallemand Plant Care and Bioworks INC.
- What are the expected industry trends over the next three to five years?
- Which of the agriculture microbials type is likely to lead by 2025?
- Which of the application segments is expected to have the maximum potential to during the forecast period?
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- What are different organic and inorganic strategies implemented by companies to gain increased market share?