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Agricultural Microbials Market Growth Forecast to Reach $37.1 Billion by 2034 Driven by Rising Demand for Sustainable Crop Productivity and Soil Health Solutions
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 encompass microorganisms utilized in agriculture to enhance crop productivity and improve yield quality. These microbial inoculants are engineered with specific functionalities tailored to support a diverse range of crops. Naturally occurring bacteria and fungi, which facilitate the provision of essential nutrients such as phosphorus and nitrogen to plants, exemplify agricultural microorganisms. This group, comprising fungi, bacteria, viruses, and protists, resides within the soil ecosystem and forms a microbiome that interacts synergistically with plants to promote growth. By aiding nutrient uptake, including vital vitamins, these microbes accelerate plant development.
Agricultural microorganisms offer numerous advantages, including increased resistance to pests and diseases, enhanced tolerance to environmental stresses such as heat and drought, and the capacity to decompose organic matter and recycle agricultural residues. They play a pivotal role in improving soil health, mitigating disease prevalence, optimizing nutrient transport, and supporting overall plant vitality. Furthermore, these microbes contribute to boosting crop yields through sustainable and cost-efficient agricultural practices.
The growth and expansion of the agricultural sector, coupled with an increasing focus on innovation, are key drivers of market development. Significant factors contributing to this growth include rising consumer awareness regarding livestock farming practices, the global increase in the cultivation of cereals, grains, fruits, and vegetables, and growing disposable incomes among major industry players. Additionally, heightened attention to soil health and the critical role of agricultural microbes in enhancing soil fertility serve as important catalysts for market expansion.
The market is further supported by shifting lifestyle patterns, westernization trends, intensified research and development efforts by leading corporations-particularly in emerging economies-and ongoing global population growth. Advances in distribution networks, technological improvements in manufacturing processes, and increased consumer understanding of the benefits of agricultural microbes-such as nutrient supplementation, nitrogen fixation, and disease suppression-are expected to drive continued market growth.
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Nevertheless, the market faces challenges including the limited shelf life of microbial products, volatility in raw material prices, and supply chain disruptions resulting from the COVID-19 pandemic. Furthermore, the substantial costs associated with research and development, along with the prevalent use of synthetic pesticides, may impede market progress.
Regionally, North America is anticipated to remain a significant contributor to the agricultural microbials market throughout the forecast period. This growth is largely driven by heightened farmer awareness of the environmental advantages of microbial products and the increasing adoption of organic farming practices. Supportive regulatory and legislative frameworks in the region also facilitate the uptake of microbial solutions. In the Asia Pacific region, the market is expected to experience robust growth, driven by factors such as population growth, evolving consumer lifestyles, rising disposable incomes, and escalating demand for tropical and subtropical fruits and vegetables. The agricultural sectors of China and India, which represent substantial portions of their respective national GDPs, play a crucial role in this expansion. Additionally, governmental initiatives in these countries focused on environmental sustainability and the promotion of eco-friendly farming practices are fostering greater 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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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