Market Size of Asia-Pacific Agricultural Microbial Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 19.70 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Agricultural Microbial Market Analysis
The Asia-Pacific Agricultural Microbials Market is estimated to witness a CAGR of 19.7% during the forecast period. In Asia-Pacific, government bodies are conducting campaigns to create awareness about product efficiency and supplying free samples to encourage microbial pesticide usage. A growing awareness of organic farming has also driven the growth of the Asia-Pacific market. China leads the market in the region. At present, the number of microbial fertilizer producers has been growing every year; some larger fertilizer manufacturers have also stepped into the industry. However, production is still on a small scale, and no big inputs are really being made into soil conditioner production.
APAC Agricultural Microbial Industry Segmentation
The report concerns agricultural microbials that can be defined as plant-associated microbes and plant and animal diseases. It also deals with the microbiology of soil fertility, such as microbial degradation of organic matter and soil nutrient transformations.
Type | |
Bacteria | |
Fungi | |
Virus | |
Others |
Function | |
Ammendment | |
Crop Protection |
Application | |
Grains and Cereals | |
Pulses and Oilseeds | |
Commercial Crops | |
Fruits and Vegetables | |
Other Crop Types |
Formulation | |
Dry Formulation | |
Liquid Formulation |
Geography | |
China | |
Japan | |
India | |
Australia | |
Others |
Asia-Pacific Agricultural Microbial Market Size Summary
The Asia-Pacific Agricultural Microbial Market is experiencing significant growth, driven by increasing awareness and adoption of organic farming practices. Government initiatives in the region are promoting the use of microbial pesticides by raising awareness about their efficiency and providing free samples. This has led to a rise in the number of microbial fertilizer producers, particularly in China, which leads the market. The shift towards organic farming is further supported by the benefits of microbial pesticides, which are less harmful than conventional synthetic options, targeting only specific pests and reducing environmental impact. The growing resistance of pests to synthetic pesticides is also encouraging farmers to explore biological alternatives, enhancing the appeal of microbial products.
The market landscape in the Asia-Pacific region is characterized by strategic competition among companies aiming to expand their market share through product quality and strategic acquisitions. The Chinese market, in particular, is poised for robust growth, with significant investments in research and product registration for microbial agents. The country's focus on reducing synthetic pesticide use aligns with the increasing demand for microbial products, offering substantial growth potential. Major players in the market, such as BASF SE, Bayer Cropscience AG, and Corteva Agriscience, are actively engaging in acquisitions to strengthen their position in the rapidly evolving microbial-based product segment.
Asia-Pacific Agricultural Microbial Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters Five Force's Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Bacteria
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2.1.2 Fungi
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2.1.3 Virus
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2.1.4 Others
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2.2 Function
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2.2.1 Ammendment
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2.2.2 Crop Protection
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2.3 Application
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2.3.1 Grains and Cereals
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2.3.2 Pulses and Oilseeds
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2.3.3 Commercial Crops
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2.3.4 Fruits and Vegetables
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2.3.5 Other Crop Types
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2.4 Formulation
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2.4.1 Dry Formulation
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2.4.2 Liquid Formulation
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2.5 Geography
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2.5.1 China
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2.5.2 Japan
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2.5.3 India
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2.5.4 Australia
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2.5.5 Others
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Asia-Pacific Agricultural Microbial Market Size FAQs
What is the current Asia-Pacific Agricultural Microbial Market size?
The Asia-Pacific Agricultural Microbial Market is projected to register a CAGR of 19.70% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Agricultural Microbial Market?
BASF SE, Bayer Cropscience AG, Nufarm Limited , Koppert B.V and Corteva Agriscience are the major companies operating in the Asia-Pacific Agricultural Microbial Market.