Press release
Agriculture Microbial Market is Projected to Reach US$ 18,003.75 Million & Growing at a CAGR of 14.8% By 2028
Agriculture Microbial Market Worth US$ 18,003.75 Mn by 2028
Agricultural microbial refers to the microorganisms used in agriculture to enhance crop productivity and yield quality. Bacteria, fungi, and viruses are a few microbes. They can boost the growth of the plant by improving access to supplements. Many microbes help decompose organic matter and recycle agricultural waste material. Also, they offer phosphorus, nitrogen, and other nutrients and provide benefits, including heat and drought tolerance and resistance to insects and plant diseases.
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Impact of COVID-19 Pandemic on Agriculture Microbial Market
Before COVID-19 pandemic, the agriculture microbial market was mainly driven by the rising adoption of organic farming and growing demand for sustainable agriculture. However, many industries faced unprecedented challenges due to the pandemic in 2020. The agriculture industry declined due to the shutdown of several manufacturing units and disruption in supply chain. However, in 2021, various economies restarted their operations as the governments announced relaxation in the previously imposed restrictions, which positively impacted the global marketplace. Moreover, manufacturers were permitted to operate at full capacity, which helped them overcome the demand and supply gap. Currently, the market situation is far better than earlier. Many nations are fully vaccinated, and agriculture microbial product manufacturers are focusing on increasing their production to boost their revenues.
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The List of Companies - Agriculture Microbial Market
1.BASF SE
2.Bayer AG
3.Certis USA LLC
4.BioWorks
5.Novozymes A/S
6.Chr. Hansen Holding A/S.
7.Syngenta Group
8.Nufarm
9.Marrone Bio Innovations, Inc.
10.Koppert B.V.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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