Soaring Demand Set to Propel Agricultural Microbial Market to $13.62 Billion by 2029

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What Is the Expected CAGR for the Agricultural Microbial Market Through 2025?
The size of the agricultural microbial market has seen fast-paced expansion in the last few years. It is projected to surge from $6.7 billion in 2024 to $7.73 billion in 2025, having a compound annual growth rate (CAGR) of 15.3%. Factor such as increasing demand for sustainable farming, regulatory backing, enhanced farm productivity, and worries about pesticide residue contributed to the growth in the past.

What's the Projected Size of the Global Agricultural Microbial Market by 2029?
The market size of agricultural microbials is predicted to rapidly expand in the coming years, attaining a worth of $13.62 billion in 2029 with a compound annual growth rate (CAGR) of 15.2%. This growth during the forecast period is associated with an ongoing focus on sustainability, adaptations to climate change, growth in organic farming, worldwide food security, integrated pest management (IPM), and insurgent markets. The projection period is anticipated to be characterized by advancements in biotechnology, research development, collaboration and partnerships, microbial consortia, research on microbiomes and digital farming.

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Top Growth Drivers in the Agricultural Microbial Industry: What's Accelerating the Market?
The anticipated expansion of the agricultural microbial market is traceable to the growing awareness about organic farming. Organic farming, a practice that abstains from the use of chemical pesticides, fertilizers, or any other additives, exploits a diverse microorganism population in safeguarding the plants from diseases and maintaining the productivity and health of the soil. In February 2024 for example, data released by IFOAM-Organics International, a civic and social organization based in Germany showed that by the end of 2022, up to 96.4 million hectares were under organic management, representing an increase of 26.6 percent or 20.3 million hectares in comparison to the previous year, 2021. Thus, the surge in consciousness about organic farming is a significant driving force for the agricultural microbials market.

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What Trends Will Shape the Agricultural Microbial Market Through 2029 and Beyond?
Leading corporations in the agricultural microbia market, like Bayer AG, are focusing on forging new collaborations to secure their market standing. The emphasis is on business strategic partnerships, often formalized through business contracts or agreements between two or more companies. For instance, in October 2022, Bayer AG, a globally renowned German biotechnology firm, initiated a partnership with Ginkgo Bioworks, an American biotech startup. The collaboration aims to innovate in the domain of agricultural biological solutions, with a particular focus on microbial technologies that enhance nitrogen optimization and carbon sequestration. The ultimate goal of this cooperation is to augment Bayer's R&D proficiency in biological products which could fast-track the roll-out of sustainable agricultural solutions to farmers globally.

What Are the Main Segments in the Agricultural Microbial Market?
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

Subsegments:
1) By Bacteria: Nitrogen-Fixing Bacteria, Phosphate-Solubilizing Bacteria, Biocontrol Bacteria, Others
2) By Fungi: Mycorrhizal Fungi, Trichoderma Species, Plant Growth-Promoting Fungi, Others
3) By Virus: Plant Virus Biocontrol Agents, Insect Virus Biocontrol Agents
4) By Other Types: Algae, Protozoa, Actinomycetes

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Which Top Companies are Driving Growth in the Agricultural Microbial Market?
Major companies operating in the agricultural microbial market 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.

Which Regions Will Dominate the Agricultural Microbial Market Through 2029?
North America was the largest region in the microbial agriculture market in 2024. The regions covered in the agricultural microbial market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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