Global Agricultural Microbials Market to See Incredible Growth 2026 By Major Players-Bayer AG, Syngenta, BASF SE, DowDuPont, Certis USA LLC, Marrone Bio Innovations, Valent BioSciences LLC, Arysta LifeScience Corporation ,Sumitomo Chemical Co. Ltd.
Global Agricultural Microbials Market is expected to rise from its initial estimated value of USD 3.54 billion in 2018 to an estimated value of USD 10.10 billion by 2026, registering a CAGR of 14.02% during the forecast period of 2019-2026. This rise in market value can be attributed to the increasing demand of organic farming practices and rising need of residue-free crop protection items.
Our Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Agricultural Microbials Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
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Market Definition: Global Agricultural Microbials Market
Agricultural microbials are referred to organisms, primarily fungi, viruses, bacteria and protozoa. These agricultural microbials helps in preventing the loss of necessary nutrients such as potassium, nitrogen, phosphorous and sulphur so as to improve the soil quality. They also help to increase the crop productivity by limiting the plant diseases.
Market Drivers & Restraints:
• Increasing number of organic farming techniques is driving the market growth
• Target specificity related with microbial pesticides is also expected to boost the market growth
• Lower shelf life of microbes is expected to restrain the market demand
• Lower adoption rate and high application costs of microbials is also expected to hamper the market growth
1.Comprehensive quantitative analysis of the industry is provided for the period of 2019-2026 to assist stakeholders to capitalize on the prevailing market opportunities.
2.Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
3.Comprehensive quantitative analysis of the industry is provided for the period of 2019-2026 to assist stakeholders to capitalize on the prevailing market opportunities.
4.Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across Europe.
5.To get a comprehensive overview of the Global Agricultural Microbials market.
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1. Bacillus spp.
2. Rhizobium spp.
1. Trichoderma spp.
• Crop protection
• Soil amendment
By Crop Type
• Cereals & grains
• Oilseeds & pulses
• Fruits & vegetables
• Other crops
• Sugar crops
• Seed treatment
• Soil treatment
• Foliar spray
• North America
• South America
3. Rest of South America
3. United Kingdom
11. Rest of Europe
3. South Korea
11. Rest of Asia Pacific
• Middle East & Africa
1. South Africa
3. Saudi Arabia
4. United Arab Emirates
6. Rest of Middle East & Africa
Key Developments in the Market:
In March 2018, Syngenta entered into an agreement for acquiring Strider which is a Brazilian AgTech company. This strategy would reinforce the Syngenta’s digital agricultural vision.
In September 2017, Ginkgo Bioworks and Bayer CropScience AG teamed up for focusing on the growth of plant microbiome by making nitrogen fertilizer available for plants.
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Key Market Competitors:
Few of the major competitors currently working in the global agricultural microbials market are Bayer AG, Syngenta, BASF SE, DowDuPont, Certis USA LLC, Marrone Bio Innovations, Valent BioSciences LLC, Arysta LifeScience Corporation, Koppert B.V., Sumitomo Chemical Co. Ltd., ChemChina, Chr. Hansen Holding A/S, LALLEMAND Inc.., Verdesian Life Sciences, Indigo Ag Inc., Precision Laboratories LLC, GSFC, Novozymes, Isagro and Monsanto Company.
Global agricultural microbials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of agricultural microbials market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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