Agricultural Microbial Market Size, Trends, Latest Statistics And Forecast 2024-2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Agricultural Microbial Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $11.87 billion In 2028 At A CAGR Of 15.1% :

The agricultural microbial market size has grown rapidly in recent years. It will grow from $5.85 billion in 2023 to $6.75 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to growing demand for sustainable agriculture, regulatory support, increased farm productivity, concerns over pesticide residues.

The agricultural microbial market size is expected to see rapid growth in the next few years. It will grow to $11.87 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to continued emphasis on sustainability, climate change adaptation, organic farming growth, global food security, integrated pest management (ipm), emerging markets. Major trends in the forecast period include advancements in biotechnology, research and development, collaboration and partnerships, microbial consortia, microbiome research, digital agriculture.

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Agricultural Microbial Market Major Segments
The agricultural microbial market covered in this report is segmented -
1) By Type: Bacteria, Fungi, Virus, Other Types
2) By Formulation: Dry Formulation, Liquid Formulation
3) By Function: Crop Protection, Soil Amendment
4) By Mode Of Application: Soil Treatment, Foliar Spray, Seed Treatment
5) By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Turf And Ornamentals

Key Driver - Organic Farming Movement's Impact On The Agricultural Microbials Market

Rising awareness about organic farming is expected to propel the growth of the agricultural microbial market going forward. Organic farming is a type of farming that does not use chemical pesticides, fertilizers, or other additives in farming. Organic farming makes use of a varied community of microorganisms to protect plants from illness and maintain soil health and productivity. For instance, according to the United States food and agriculture organization, in 2021, organic agriculture will be adopted and practiced in 187 countries, and almost 72.3 million hectares of agricultural land will be maintained organically by almost 3.1 million farmers. Therefore, raising awareness about organic farming drives the agricultural microbials market.

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Prominent Trend - Investments Pave The Way In The Agricultural Microbial Market

Increasing investments have emerged as a key trend gaining popularity in the agricultural microbial market. 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 specializes 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. This investment will enable ADM to move forward with precision microbial fermentation activities more quickly by leveraging Acies Bio's considerable microbial expertise and contract manufacturing services.

Agricultural Microbial Market Players
Major companies operating in the agricultural microbial market report are BASF SE, Syngenta AG, Koppert BV, Novozymes A/S, Bayer CropScience, Arysta Lifescience Limited, AgBiome LLC, Certis Usa LLC, Chr. Hansen A/S, BioAg Alliance, Marrone Bio Innovations, Monsanto Company, Corteva Agriscience, Valent BioSciences, Lallemand Plant Care, Camson Bio Technologies, Becker Underwood, BioConsortia Inc., Phyllom BioProducts Inc., Rizobacter Argentina S. A., Terramera Inc., BioWorks Inc., Biochimex S. A. S., BioForest Technologies Inc., Andermatt Biocontrol AG, Verdesian Life Sciences LLC, Metagenomics Inc., Qingdao Future Group, BioNovelus Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the microbial agriculture market in 2023. The regions covered in the agricultural microbial market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Agricultural Microbial Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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