Market Size of North America Agricultural Microbials Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 16.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Agricultural Microbials Market Analysis
The North American market for agricultural microbials is forecasted to witness a CAGR of 16.5% during the forecast period. In the year 2018, the United States occupied the majority of the share of the agricultural microbial market followed by Canada and Mexico. North America is the largest market for agricultural microbials globally and has around 37.2% of the global market share in 2017. The regional market growth depends on the need for land productivity of agricultural fields while keeping soil health intact. The region is promoting the usage of microbial products in order to balance the agricultural sector growth, which is mostly opted by chemical fertilizer and pesticides required to sustain its large-scale productions.
