2016 - 2026
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The Global Agriculture Microbial Market is projected to register at a CAGR of 5.5% during the forecast period (2021-2026). The Covid-19 has shown a positive impact on the market due to the growing demand for biopesticide products in order to produce sustainable and healthy agricultural products. The global market has been witnessing an upward trend due to increasing awareness and support from several agencies with respect to the usage of agricultural microbial. By additive type segment of the market, the fungi types are projected to be the fastest-growing segment, owing to the factor that increased the demand for fungi as inoculant applied across various types of crops like cereals, grains, fruits, and vegetables globally owing to its effectiveness. However, the lack of technological advancements in microbial inoculants and the need for maintaining high numbers of functional microorganisms on the seed during seed treatment are some challenges to microbial seed treatment manufacturers. North America was the largest geographic segment of the market studied. The increasing growth of high-value crops and raising awareness among farmers about the environmental benefits of microbial solutions are expected to provide more scope for agricultural microbials market expansion in the region
Scope of the Report
Agricultural microbial are produced from naturally-occurring microorganisms, such as bacteria, fungi, viruses, and protozoa among others. The report covers various aspects such as the launch of new products, acquisitions, partnerships of different companies, market opportunities, and advanced technologies in the agricultural microbial industry. The Global Agriculture Microbial Market is segmented by Type (Bacteria, Fungi, Virus, and Other types), Function (Soil Amendments and Crop Protection), Formulation (Dry Formulation and Liquid Formulation), Mode of Application (Soil Treatment, Foliar Spray and Seed Treatment), and Application (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Turf and Ornamentals and Other Applications).
|Mode of Application|
|Cereals and Grains|
|Oilseeds and Pulses|
|Fruits and Vegetables|
|Turf and Ornamentals|
Key Market Trends
Increasing Food Demand and Food Safety
The growing need to feed an ever-growing global population, coupled with the increasing demand for sustainable agricultural practices and the concern of the general public over environmental safety is one of the leading drivers for the agricultural microbial market. The concern of the general public over environmental safety is one of the leading drivers for microbial products’ usage. Forces driving demand for microbial include the need for crop intensification (being able to increase yields per acre), while pursuing increasingly sustainable practices, seeking biological alternatives to boost production with decreased pressure on the environment, or adding to integrated practices to close the yield gap. An increase in urbanization and less availability of arable land are motivating farmers to adopt efficient crop-protection techniques. There has been a broader acceptance and recognition of the increasing benefits of microbial. With the amount of arable land per-person declining and the expansion of population, global crop yields must increase to meet the food production needs. As a result, an increase in the demand for microbial products and agricultural production is being witnessed.
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North America Dominates the Global Market
North America was the largest market share, with the United States accounting for more than half of the regional market share in 2020. 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.
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The agricultural microbial market is a highly fragmented market, with the presence of many domestic players who are operating in this market. Major players such as BASF, Certis USA LLC, Marrone Bio Innovations, and others have a very diversified product portfolio in this market. Additionally, these players are also focusing on R&D, wide geographical presence, and aggressive acquisition strategy as their key adopted strategies to strengthen their position in the market.
In April 2020, Sumitomo Chemicals invested USD 30 million into a joint venture with Conagen, a US biotechnology company. Through this, the company aimed to promote its strategic business alliance with Conagen further and develop innovative high functional products and processes by way of innovative use of biologicals.
In Jun 2019, Bayer and AlphaBio Control partnered for the distribution of innovative biological pest control products, Flipper. Under the terms of this agreement, AlphaBio granted Bayer a worldwide exclusive right (except France) to commercialize Flipper for agriculture and non-agriculture uses.
Table of Contents
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.4 Other Types
5.2.1 Soil Amendment
5.2.2 Crop Protection
5.3.1 Dry Formulation
5.3.2 Liquid Formulation
5.4 Mode of Application
5.4.1 Soil Treatment
5.4.2 Foliar Spray
5.4.3 Seed Treatment
5.5.1 Cereals and Grains
5.5.2 Oilseeds and Pulses
5.5.3 Fruits and Vegetables
5.5.4 Turf and Ornamentals
5.6.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
5.6.3 Asia Pacific
220.127.116.11 Rest of Asia - Pacific
5.6.4 South America
18.104.22.168 Rest of South America
22.214.171.124 South Africa
126.96.36.199 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 BASF SE
6.3.2 Certis USA LLC
6.3.3 Bayer Cropscience AG
6.3.4 Marrone Bio Innovations Inc
6.3.5 Sumitomo Chemical (Valent BioSciences LLC)
6.3.6 UPL Limited (Arysta Lifescience Limited)
6.3.7 Syngenta AG
6.3.8 Chr. Hansen Holdings A/S
6.3.9 IsAgro SpA
6.3.10 Koppert BV
6.3.11 BioAg Alliance (Bayer/Novozymes)
6.3.12 Lallemand Inc
6.3.13 Verdesian Life Sciences LLC
6.3.14 Italpollina AG
6.3.15 Precision Laboratories LLC
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Global Agricultural Microbial Market market is studied from 2016 - 2026.
What is the growth rate of Global Agricultural Microbial Market?
The Global Agricultural Microbial Market is growing at a CAGR of 5.5% over the next 5 years.
Which region has highest growth rate in Global Agricultural Microbial Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Agricultural Microbial Market?
North America holds highest share in 2020.
Who are the key players in Global Agricultural Microbial Market?
- BASF SE
- Certis USA LLC
- Bayer Cropscience AG
- Marrone Bio Innovations, Inc.
- Valent USA LLC
Are the major companies operating in Global Agricultural Microbial Market.