- Report ID: BMRC 1182 | Number of pages: 200 | Publish Date: Jun 2020
Status: Published | Category: Agriculture | Delivery Timeline:
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.
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.
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.
Moreover rising focus on technological advancement using artificial intelligence, IoT, machine learning etc. for study of plant growth promoting bacteria (PGPB) have created huge opportunity to fuel the global agricultural microbials market during the forecast period. Furthermore, as per the research by Frontiers Institutional Membership, the microbials like arbuscular mycorrhizal fungi (AMF) and rhizobia has shown the significant usage to protect the plants from disease and abiotic stress. In addition the research showed that these microbials has shown the property to provide high yielding of plants. Furthermore, increasing mergers, collaborations, acquisitions and new service launching by various key prominent players may create huge demand for the agricultural microbials market during the study period. For instance on June 2018, Bayer has been acquired Monsanto business for USD 63 billion to enhance the product portfolio of seeds and traits with innovative chemical and biological crop protection portfolio. However one of the major factors that restrict the agricultural microbials market is lack of functional microorganisms with less technological advancements in microbial inoculants on seed during seed treatment.
Global agricultural microbials market reports cover prominent players like,
Marrone Bio Innovations
Bayer Cropscience AG
Valent USA LLC
Certis USA LLC
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 microbials Market Regional Analysis –
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.
The Asia Pacific is the largest still the world's strongest growth market for the growth of agricultural microbials due to rapidly increasing the organic farming as well as surge in population.
Key Benefits for Agricultural microbials Market Reports –
Global agricultural microbials market report covers in depth historical and forecast analysis.
Global Agricultural microbials Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global agricultural microbials market report helps to identify opportunities in market place.
Global agricultural microbials market report covers extensive analysis of emerging trends and competitive landscape.
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 & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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Agricultural Microbials Market 2020 by Product Type: (Bacteria, Fungi, Virus), by Function: )Soil Amendment, Crop Protection), by Application: (Soil Treatment, Foliar Spray, Seed Treatment) Forecast to 2025