Agriculture Microbial Market Statistics Report 2022 to 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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The List of Companies - Agriculture Microbial Market

BASF SE
Bayer AG
Certis USA LLC
BioWorks
Novozymes A/S
Chr. Hansen Holding A/S.
Syngenta Group
Nufarm
Marrone Bio Innovations, Inc.
Koppert B.V.

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Type Insights-

Based on type, the agriculture microbial market is segmented into bacteria, fungi, virus, and others. The bacteria segment is expected to hold the largest market share and the highest CAGR during the forecast period. Fungi are one of the essential soil microbes for decomposing organic matter and recycling waste plant material. In addition, it performs essential functions related to water dynamics, nutrient cycling, and disease suppression. For instance, fungal hyphae bind physically with soil particles together, creating stable aggregates, which helps in increasing soil water holding capacity in plants and water infiltration.

Formulation Insights-

Based on formulation, the agriculture microbial market is segmented into dry and liquid. The liquid segment is expected to hold a larger market share during the forecast period, whereas the dry segment is projected to register a higher CAGR from 2021 to 2028. The market for the liquid segment is growing owing to the ease of application. The liquid formulation of products is more convenient than the dry form of agriculture microbial as they can be directly used by drenches, sprays, and root dips. Also, they do not require additional procedures, such as mixing, which helps avoid spoilage and wastage of the product.

Function Insights-

Based on function, the agriculture microbial market is bifurcated into crop protection and soil amendments. The crop protection segment accounted for a larger market share in 2020. Agriculture microbial can be used to protect roots, seeds, fruits, and other parts of crops. Crop protection products offer various advantages, including the increased production of smaller areas, protection of the environment, higher yield, and lower cost of food. These advantages have increased the adoption of crop protection products. Microbial pest control provides ecology safety and a significant amount of target specificity, owing to which pest management control programs are preferred.

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This release was published on openPR.