Agricultural microbial technology is an environmentally friendly green technology. It can decompose animal and plant waste resources through microbial industrialization projects, and effectively achieve sustainable development goals such as energy conservation, emission reduction, and ecological civilization.
The global agricultural microbial market expected to spur market value with USD 11.23 billion with anticipating CAGR in the forecast period from 2020-2027. The growth in the consumption of organic farm products in developing countries and the global demand for high-value fruits and vegetables are driving growth.
The future market will continue to be driven by new technologies and cost-effective, innovative agricultural microbial preparation products that can use in the field. Some leading companies in the market carry out various R & D experiments and develop new products that can reduce the impact on non-target organisms in the ecological environment.
Another driver of the market is the high awareness of the use of organic and ecological agricultural cultivation methods in developed countries. Other factors include increased consumer demand for high-value cereals, vegetables, and fruits, as well as lawn and landscape crops.
Moreover, the growth of the world’s population and food demand, the rising cost of fertilizers and pesticides, the rise of organic and environmentally friendly farming methods, more convenient residue management, and the encouragement of government agencies to apply microbial products is contributing to the market growth.
Taking into account environmental factors, the demand for natural biological pesticides and biological fertilizers has increased all over the world. Agricultural microbiological solutions are a safe investment for farmers because they can improve plant vitality and protect seeds from pests and diseases.
The demand for food is increasing owing to the demanding population raises the concern for the safety of food. The sustainable agricultural practices and growing environmental concerns are propelling the need for agricultural microbials. The demand for agricultural microbials is used to enhance the quality of soil and improves productivity as well. Therefore, to meet the requirement of food demand, agricultural microbials are used to provide rapid production concerning food safety measures.
With the emerging disposable income and changing technology has increased the adoption of agricultural microbials. It is mainly due to urbanization and reducing in arable land is driving the farmers to adopt agrarian treatment to increases soil fertility. Thus, it improves the quality of minerals and increases the yield.
Based on the product type, the global agricultural microbial market segment into Bacteria, Fungi, Virus, Other. The bacteria segment estimated to dominates the maximum share of the global agricultural microbial market in the forecast period from 2020-2027. Bacterial agricultural microorganisms can help crops to eliminate toxic substances in the soil and fight root diseases, providing stability for the entire soil system. Based on these characteristics, bacterial microorganisms occupy the leading position in the agricultural microorganism market.
Based on the function, the global agricultural microbial market classified into Soil Amendment, Crop Protection. The soil amendment segment dominated the largest market share in the global agricultural microbial market. It can improve soil redox conditions, reduce nitrogen denitrification and oxidation processes, reduce nitrate content, ensure that farm products are pollution-free, and reduce environmental pollution. Moreover, the microbial soil amendment can alleviate the pollution and compaction of soil caused by excessive application of chemical fertilizers. It stimulates soil vitality, improves soil physical properties, increases soil aggregate structure, thereby loosening soil and reducing soil compaction.
Based on the formulation, the global agricultural microbial market bifurcated into Dry Formulation, Liquid Formulation. The liquid formulation segment accounts for the highest share in the global agricultural microbial market. It is mainly owing to the use of liquid biofertilizers to provide a longer shelf life than conventional formulation. Also, it does not contaminate the environment and does not affect high temperatures. Also, the liquid formulation is cost-effective and provides sustainable agricultural practice a stimulates plant growth.
Based on the mode of application, the global agricultural microbial market classified into microbial Soil Treatment, Foliar Spray, Seed Treatment. The foliar treatment segment accounts for the largest share in the global agricultural microbial market in the forecast period from 2020-2027. It is due to its features that provide a specific advantage over other treatments. The foliar treatment is applied to provide nutrients to the plants, and it can take directly by the target organs and improves quality and enhance response.
Based on the application, the global agricultural microbial market segmented into Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Turf and Ornamentals, Others. The fruits and vegetable segment has captured the largest share in the global agricultural microbial market. These microorganisms commonly used to control indoor pests and maintain lawns and ornamental crops. Moreover, the demand and trade of imported fruits and vegetables in developing countries are the main factors driving growth.
Based on geography, the global agricultural microbial market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific is the world’s fastest-growing agricultural microbial market, accounting for the largest share in the global market. China expected to be the fastest-growing country, mainly because consumers in the region use organic products and tropical and subtropical fruits and vegetables. Moreover, North America will dominate the market in the forecast period from 2020-2027. It is mainly due to the demand for high-yield and high-quality crops, land productivity, and soil quality has driven the growth of the market for agricultural microbial products.
Companies such as Sumitomo Chemical Company Limited, Dow Chemical Company, Marrone Bio Innovations, Bayer CropScience, Novozymes, and Gujrat State Fertilizers & Chemicals Limited, Koppert B.V., DuPont, and Certis USA LLC, Syngenta Ag, BioAg Alliance, Arysta Lifescience Limited, Monsanto, Chr. Hansen, BASF SE, Taxon, and others are key players in the global agricultural microbial market.
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Global Agricultural Microbial Market