Market Size of South America Agricultural Microbials Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.60 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Agricultural Microbials Market Analysis
The South America Agriculture Microbial Market is projected to grow at a CAGR of 8.6% during the forecast period (2020-2025). Agricultural microbial are produced from naturally-occurring microorganisms, such as bacteria, fungi, viruses, and protozoa among others. The South American market is a niche one but it has been witnessing an upward trend due to increasing awareness and support from several agencies with respect to the usage of agricultural microbial. Also, 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.
