Press release
Bacteria Based Agricultural Microbials Market: Global Industry Size, Share, Growth, Trends, Forecast 2024-2033 | Mergers and Acquisitions, Top Major Key Players, Competitive Landscape
Bacteria Based Agricultural Microbials Market
The bacteria based agricultural microbials market size is expected to see strong growth in the next few years. It will grow to $5.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to government support and regulations, shift towards biologicals, increasing adoption of integrated pest management, continued research and development, climate change impact.. Major trends in the forecast period include sustainable agriculture focus, reduced chemical usage, soil health awareness, biological seed treatment adoption, organic farming practices..
Market Overview -
Bacteria-based agricultural microbials refer to beneficiary microorganisms utilized in agriculture to improve crop growth, boost production, and safeguard crops against infections and pests. They are made up of particular bacterial and fungal groups that are beneficial for boosting plant growth and improving soil productivity.
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The Surge In Bacteria-Based Agricultural Microbials Amid Organic Food Demand
Increasing demand for organic food is expected to propel the growth of the bacteria-based agricultural microbials market going forward. Organic food refers to food produced without synthetic chemicals or genetically modified ingredients. The increasing demand for organic food is primarily due to rising awareness about health concerns. Bacteria-based agricultural microbials uses microorganisms such as bacteria, fungus, and viruses to boost crop development, increase yield, and protect crops from infections and pests. For instance, in June 2022, according to the Organic Trade Association, a US-based business association, organic sales increased by $1.4 billion (2%) between 2020 and 2021, surpassing $63 billion. Further, food sales, which account for more than 90% of organic sales, increased to $57.5 billion (about 2%), and non-food sales reached $6 billion (an increase of 7%). Therefore, increasing demand for organic food drives the growth of the bacteria-based agricultural microbial market.
Competitive Landscape -
Major companies operating in the bacteria based agricultural microbials market report are BASF SE, Bayer AG, Certis LLC, Isagro S.p.A., Verdesian Life Sciences LLC, Koppert B.V., E.I. DuPont de Nemours and Company, Syngenta AG, Sumitomo Chemical Co. Ltd., Corteva Inc., CHR. Hansen Holdings A/S, UPL Limited, Valent Biosciences Corporation, Novozymes A/S, Gujarat State Fertilizers & Chemicals Limited, Marrone Bio Innovations Inc., Nufarm Ltd., Precision Laboratories LLC, Lallemand Inc., BioWorks Inc., Terramera Inc., Andermatt Biocontrol AG, BioConsortia Inc., BioPhero ApS, Biotalys NV, BioTEPP Inc., EcoPesticides International Inc., Futureco Bioscience S.A., Gowan Company LLC, Kemin Industries Inc., Plant Health Care plc, Symborg SL
Pioneering Partnerships Reshaping Microbial Technology Landscape
Strategic partnerships have emerged as a key trend gaining popularity in the bacteria-based agricultural microbial market. Major players operating in the bacteria-based agricultural microbials market are concentrating their efforts on establishing new partnerships to strengthen their position in the market. For instance, in January 2023, Indigo Ag, a US-based agricultural technology company, partnered with ISAOSA, a Mexico-based fertilizer distributor, to launch innovative microbial technology for increased nutrient use efficiency in Mexico. The microbial product Indigo 30, which is a member of Indigo's biotrinsic range, increases corn crop yields. The new formulation will make it possible for Indigo 30 to be combined directly with fertilizer for the first time, greatly extending the product's window of use for farmers.
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Key Segments -
The bacteria based agricultural microbials market covered in this report is segmented -
1) By Type: Bacillus Thuringiensis, Rhizobium, Bacillus Subtilis, Other Types
2) By Formulation: Dry Formulation, Liquid Formulation
3) By Mode of Application: Soil Treatment, Foliar Spray, Seed Treatment
4) By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Turf And Ornamentals, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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