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Agricultural Microbial Market Report 2023: New Developments, Growth Strategy, Regional Overview And Key Players Analysis Till 2032 | BASF SE, Syngenta AG, Koppert BV, Novozymes A/S, Taxon (Dupont), Bayer CropScience, Arysta Lifescience Limited
Agricultural Microbial Market Report 2023
The Business Research Company's Agricultural Microbial Global Market Report 2023 the raising awareness about organic farming as the major driver for the agricultural microbial market's growth in the forecast period. For instance, according to the United States food and agriculture organisation, in 2021, organic agriculture will be adopted and practised in 187 countries, and almost 72.3 million hectares of agricultural land will be maintained organically by almost 3.1 million farmers.
The global agricultural microbial market size grew from $5.1 billion in 2022 to $6.02 billion in 2023 at a compound annual growth rate (CAGR) of 17.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The agricultural microbial market size is expected to grow to $10.54 billion in 2027 at a CAGR of 15.0%.
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Major competitors in the agricultural microbial market are BASF SE, Syngenta AG, Koppert BV, Novozymes A/S, Taxon (Dupont), Bayer CropScience, Arysta Lifescience Limited, AgBiome LLC, Certis Usa LLC, Chr. Hansen A/S, BioAg Alliance, Marrone Bio Innovations, Monsanto Company, Corteva, and IsAgro.
A key trend in the agricultural microbial market includes increasing investments. Major companies operating in the agricultural microbial sector are focused on investments to develop new technologies and products. For instance, in February 2021, ADM, a US-based nutrition, agricultural origination, and processing company, announced a significant equity investment in Acies Bio, a biotechnology firm established in Slovenia that specialises in research and development as well as manufacturing services for developing and expanding synthetic biology and precision fermentation technologies for use in food, agriculture, and industry.
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The agricultural microbial market is segmented -
• By Type: Bacteria, Fungi, Virus, Other Types
• By Formulation: Dry Formulation, Liquid Formulation
• By Function: Crop Protection, Soil Amendment
• By Mode Of Application: Soil Treatment, Foliar Spray, Seed Treatment
• By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Turf And Ornamentals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the agricultural microbial market
The Business Research Company's "Global Agricultural Microbial Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Agricultural Microbial Market Include:
1. Executive Summary
2. Agricultural Microbial Market Characteristics
3. Agricultural Microbial Market Trends And Strategies
4. Agricultural Microbial Market - Macro Economic Scenario
5. Agricultural Microbial Market Size And Growth
……………
27. Agricultural Microbial Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Agricultural Microbial Market
29. Agricultural Microbial Market Future Outlook And Potential Analysis
30. Appendix
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