Global Agricultural Microbials Market is accounted for $6.00 billion in 2020 and is expected to reach $19.94 billion by 2028 growing at a CAGR of 16.2% during the forecast period. Some of the key factors propelling the market growth include rise in adoption of integrated pest management (IPM) practices across the globe, rising trend of adopting organic farming practices, increasing demand for production of food, owing to the constantly growing global population, requirement of environment friendly farming practices, supportive regulatory policies, and increasing demand for food with high nutritional value and less chemical components in the food.
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On the basis of geography, North America region is expected to have considerable market growth during the forecast period, due to the requirement for high-crop productivity and production with high-quality, evolving agricultural practices and precision farming has been driving the market growth for agriculture microbial products over the years in North America. The region is promoting the use of microbial products, in order to balance the agricultural sector growth, which is mostly opted by chemical fertilizer and pesticide required in order to sustain its large-scale productions. In North America, the United States holds the largest market with more than half of the market. The rise in organic and environment-friendly farming practices has increased the demand for agricultural microbial products, especially in the US. The country with its highly evolved agricultural sector has been adapting to the natural and organic way of farming with the increasing awareness regarding balanced plant nutrition.
Some of the key players in Agricultural Microbials Market include Certis USA LLC, Marrone Bio Innovations Inc, Monsanto Company, Isagro S.p.A, BASF SE, CHR. Hansen Holdings, Syngenta AG, Valent Biosciences LLC, Bayer Cropscience AG, UPL Corporation, Novozymes, Sumitomo Chemicals Company Ltd., Verdesian Life Sciences LLC, Agrilife Biosolutions Ltd., Wilbur-Ellis Holdings Inc., and Bioworks, Inc.
Crop Types Covered in Agricultural Microbials Market
• Oilseeds & Pulses
• Cereals & Grains
• Fruits & Vegetables
• Commercial Crops
• Other Crop Types
Formulations Covered:
• Liquid
• Dry
Types Covered:
• Complex
• Straight
Microbial Types Covered:
• Viruses
• Bacterial
• Composite Microbials
• Protozoa
• Fungi
Functions Covered:
• Crop Protection
• Soil Amendments
Origins Covered:
• Synthetic
• Organic
Sales Channels Covered:
• Distribution Channel
• Direct Channel
Applications Covered:
• Soil Treatment
• Foliar Spray
• Seed Treatment
• Broadcasting
• Post-Harvest
• Fertigation
• Sowing
• Spraying
• Drip Method
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