Press release
Agricultural Microbials Market to Reach $19.89 Billion by 2030 as Farmers Shift Toward Eco-friendly Solutions for Crop Productivity and Soil Health
Agricultural Microbials Market
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According to the latest research by InsightAce Analytic, the global Agricultural Microbials market is valued at USD 8.1 Billion in 2024, and it is expected to reach USD 37.1 Billion by the year 2034, with a CAGR of 16.5% during a forecast period of 2025-2034..
Agricultural microbes refer to microorganisms used in agriculture to enhance crop productivity and improve the quality of yields. These microbial inoculants are designed with specific functions that make them suitable for a wide range of crops. Naturally occurring bacteria and fungi, which provide essential nutrients such as phosphorus and nitrogen to plants, are examples of agricultural microorganisms. These microbes, which include fungi, bacteria, viruses, and protists, live in soil and form a microbiome that works synergistically with plants to support growth. They can facilitate access to vitamins, thereby promoting faster plant development. Agricultural microorganisms offer several benefits, such as increased resistance to pests and diseases, tolerance to heat and drought, and the ability to decompose organic matter and recycle residual agricultural materials. These microbes play a crucial role in improving soil health, reducing the incidence of diseases, enhancing nutrient transportation, and promoting overall plant health. Additionally, they contribute to increasing crop yields through cost-effective and sustainable methods.
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The growth and expansion of the agricultural industry, coupled with an increasing emphasis on innovation within the sector, are driving the market's development. Key factors such as heightened consumer awareness of livestock farming practices, the global rise in the cultivation of cereals, grains, fruits, and vegetables, and the growing disposable income among major companies are significantly contributing to market expansion. Additionally, the increasing focus on soil health and the role of agricultural microbes in promoting soil fertility are pivotal drivers. The market's growth is further supported by evolving lifestyles, westernization trends, enhanced research and development activities by major corporations-especially in emerging economies-and the continued global population growth. Improvements in distribution channels, technological advancements in manufacturing, and growing consumer awareness of the benefits of agricultural microbes, such as nutrient provision, nitrogen fixation, and disease prevention, are expected to drive further market expansion. However, challenges such as the limited shelf life of agricultural microbes, fluctuations in raw material costs, and disruptions in supply chains caused by the pandemic may constrain growth. Additionally, the high costs associated with research and development and the use of synthetic pesticides may also hinder market progress.
North America is projected to remain a key contributor to the agricultural microbials market during the forecast period. This growth is attributed to increased awareness among farmers regarding the environmental benefits of these microbes and the rising popularity of organic farming methods. The region's supportive regulatory and legislative frameworks further promote the adoption of microbial solutions. In Asia Pacific, the agricultural microbials market is expected to experience significant growth due to factors such as rising population numbers, evolving lifestyles, increasing disposable income, and heightened demand for tropical and subtropical fruits and vegetables. The agricultural sectors of China and India, which constitute a substantial share of their respective GDPs, are pivotal to this growth. Moreover, the governments of these countries are prioritizing environmental protection and sustainable farming practices, thereby fostering the adoption of agricultural microorganisms.
Major market players operating in the Agricultural Microbials market include
BASF SE (Germany), Bayer CropScience (Germany), Sumitomo Chemicals Company Ltd.(Japan), Monsanto Company (US), Corteva (US), Bioworks, Inc. (US), Novozymes (US), Koppert Biological Systems B.V (US), Wilbur-Ellis Holdings Inc. (US), Pivot Bio (US)., 3Bar Biologics, AgBiome Innovations, Azotic Technologies, BioConsorita, Syngenta AG (Switzerland), Certis USA LLC (US), Marrone Bio Innovations (US), CHR. Hansen Holdings (Denmark), Isagro S.p.A (Italy), UPL Corporation (India), Verdesian Life Sciences LLC (US), Valent Biosciences LLC (US), Lallemand Plant Care (Canada), Agrilife Biosolutions Ltd. (India), Corteva Agriscience, and other prominent players.
Recent collaborations and agreements in the market:
• In March 2020, To offer growers the most cutting-edge, environmentally friendly, and technologically sophisticated agricultural solutions, with a focus on crop protection solutions, Bayer CropScience created a new automated greenhouse facility in Marana, Arizona, in the United States.
• In January 2020, To manage six different formulation methods and provide the business's proprietary crop protection products to farmers throughout the rapidly expanding Asia Pacific region, BASF SE built a multipurpose facility for its Agricultural Solutions division in Singapore.
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Market Segments
Global Agricultural Microbials Market, by Type, 2022-2030 (Value US$ Mn)
• Bacterial
• Fungi
• Viruses
• Protozoa
Global Agricultural Microbials Market, by Crop Types, 2022-2030 (Value US$ Mn)
• Cereals & grains
• Oilseeds & pulses
• Fruits & vegetables
• Other crop types (Turfs, ornamentals, plantation crops, and forages)
Global Agricultural Microbials Market, by Functions, 2022-2030 (Value US$ Mn)
• Soil amendments
• Crop protection
Global Agricultural Microbials Market, by Application, 2022-2030 (Value US$ Mn)
• Foliar spray
• Soil treatment
• Seed treatment
• Other modes of application
Global Agricultural Microbials Market, by Formulations, 2022-2030 (Value US$ Mn)
• Dry (dry granules, water-dispersible granules, and wettable powders)
• Liquid (Emulsifiable concentrates, suspension concentrates, and soluble liquid concentrates)
Global Agricultural Microbials Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Agricultural Microbials Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Agricultural Microbials Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Agricultural Microbials Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Agricultural Microbials Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Agricultural Microbials Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Agricultural Microbials market
To receive an industry overview and future trends of the Agricultural Microbials market
To analyze the Agricultural Microbials market drivers and challenges
To get information on the Agricultural Microbials market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Agricultural Microbials market industry
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