Press release
Emerging Trends and Expanding Growth: Global Agricultural Fumigants Market Set to Reach $3.7 Billion by 2029
Global Agricultural Fumigants Market
The Increasing Demand for Sustainable and Organic Agriculture Fuels the Global Agricultural Microbial Market Growth.
What Is The Projected Market Size Of The Global Agricultural Microbial Market And Its Growth Rate?
The agricultural microbial market has seen substantial growth in recent years and anticipates more robust expansion in the future. The key statistics related to this growth are as follows:
• Market size in 2024: $6.7 billion.
• Market size in 2025: $7.75 billion with a compound annual growth rate (CAGR) of 15.6%.
• Projected market size in 2029: $13.83 billion, also with a CAGR of 15.6%.
This development can chiefly be attributed to factors such as the rising demand for sustainable agriculture, increased farm productivity, and concern over pesticide residues.
What Is Driving The Growth In The Agricultural Microbial Market?
Increasing awareness about organic farming is one of the major elements propelling growth in the agricultural microbial market. Organic farming does not involve the use of chemical pesticides, fertilizers, or additives. It leverages a variety of microorganisms to protect crops against disease and maintain soil health and productivity. A significant rise in organic farming is seen with the drastic increase in the number of hectares managed organically. For instance, in 2022, data published by IFOAM-Organics International revealed a 26.6 percent increase in the hectares managed organically compared to 2021. Rising awareness about organic farming, thus, drives the agricultural microbial market.
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Who Are the Key Players Driving Agricultural Microbial Market Growth?
Numerous companies are actively contributing to the agriculture microbial market expansion. Some of the notable key players include:
• 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.
What Are The Key Trends In The Agricultural Microbial Market?
The key trends in the agricultural microbial market include:
• Advances in biotechnology
• Increasing research and development activities
• Development of partnerships and collaborations
• Growth of microbial consortia
• Expanding microbiome research
• The advent of digital agriculture
What Are The Segments Of The Global Agricultural Microbial Market?
The agricultural microbial market can be segmented as per:
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
Which Region Leads The Agricultural Microbial Market?
In 2024, North America held the largest share of the agricultural microbial market. However, other regions like Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa have demonstrated significant contributions and present substantial growth prospects.
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What Is Covered In The Agricultural Microbial Market Global Market Report?
- Market Size Analysis: Analyze the Agricultural Microbial Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Agricultural Microbial Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Agricultural Microbial Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Agricultural Microbial Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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