Press release
Crop Microbiome Market Growth Driven by Bacteria, Fungi, and Sustainable Agriculture Solutions
Crop Microbiome Market
According to the latest research by InsightAce Analytic, the Global Crop Microbiome Market is valued at US$ 1.1 Bn in 2023, and it is expected to reach US$ 2.7 Bn by 2031, with a CAGR of 11.5% during the forecast period of 2024-2031.
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The crop microbiome, encompassing the diverse microbial communities associated with plants, plays a critical role in enhancing plant health, productivity, and resilience. This intricate ecosystem includes bacteria, fungi, viruses, and protozoa, which interact closely with both the plant and its surrounding environment. These microorganisms contribute to essential functions such as promoting plant growth, improving soil fertility, providing natural protection against pests, increasing tolerance to environmental stressors, and supporting the production of high-yield crops.
Market expansion is being driven by the growing adoption of organic farming practices, the comparatively lower development costs of microbiome-based solutions versus traditional chemical pesticides, and the heightened recognition of the environmental and agronomic benefits offered by these innovative technologies.
List of Prominent Players in the Crop Microbiome Market:
• BASF SE
• Certis USA LLC
• Marrone Bio Innovations Inc
• Sumitomo Chemical (Valent Biosciences LLC)
• Upl Ltd. (Arystalifescience Ltd.)
• Syngenta AG
• Chr. Hansen Holdings A/S
• Isagrospa
• Koppert BV
• Bioag Alliance (Bayer/Novozymes)
• Lallemand Inc.
• Verdesian Life Sciences LLC
• Italpollina AG
• Precision Laboratories LLC
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Market Dynamics
Drivers:
The increasing focus on environmental sustainability and the rising demand for eco-friendly agricultural practices are driving the adoption of crop microbiome solutions. Growing consumer preference for nutrient-rich, chemical-residue-free produce is further reinforcing demand for environmentally responsible crop production, thereby supporting market growth. Advances in biotechnology, particularly in microbial sciences and genetic engineering, are enabling the development of customized, high-performance microbiome-based products that improve crop yield, quality, and resilience.
Challenges:
The crop microbiome sector remains highly fragmented, with inconsistent product standards leading to variations in efficacy and quality. Limited awareness among farmers regarding the benefits and proper application of microbiome technologies may impede widespread adoption. Additionally, regulatory frameworks for microbiome-based agricultural products are often complex, time-intensive, and costly, presenting obstacles to innovation, commercialization, and scalability.
Regional Trends:
North America is expected to hold a leading share of the global crop microbiome market, driven by the prevalence of organic farming and heightened awareness of the environmental advantages of microbial applications. Government support, including initiatives from agencies such as the U.S. Department of Agriculture and the National Science Foundation, is fostering research, innovation, and the adoption of microbiome technologies to enhance agricultural productivity and sustainability.
Recent Developments:
• In April 2022, Ginkgo Bioworks and Bayer CropScience inked a deal whereby Ginkgo Bioworks will purchase Bayer's internal discovery and lead optimization platform, as well as its West Sacramento Biologics Research & Development location. This arrangement will probably hasten the global growers' access to Bayer's diverse portfolio of superior microbial-based solutions.
• In March 2022, The Mosaic Company and BioConsortia, Inc. have entered into a new contract for the development and distribution of microbial products that fix nitrogen for rice, corn, wheat, fruit, and vegetables in Thailand, Vietnam, China, and India.
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Segmentation of Crop Microbiome Market-
By Type-
• Bacteria
• Fungi
• Virus
• Other
By Application-
• Cereals
• Oilseeds & Pulses
• Fruits & Vegetables
• Other
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/crop-microbiome-market/2661
About Us:
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.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 607 400-7072
Asia: +91 79 72967118
info@insightaceanalytic.com
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