Press release
Agriculture Microbial Market Growth and Trends Analysis by 2028
The global agriculture microbial industry was valued at approximately US$ 6.9 billion in 2021 and is projected to grow at a robust CAGR of 14.8% from 2022 to 2028, reaching an estimated US$ 18 billion by 2028.Download PDF: -https://www.theinsightpartners.com/sample/TIPRE00004434?utm_source=Openpr&utm_medium=10413
Agricultural microbials include bacteria, fungi, and viruses that enhance crop productivity and quality by improving nutrient access, decomposing organic matter, and providing resistance to environmental stresses and pests. North America held the largest market share in 2020, driven by increasing awareness of microbial benefits over synthetic chemicals, while the Asia Pacific is anticipated to exhibit the highest growth rate during the forecast period.
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The market growth is largely fueled by the rising adoption of organic and sustainable farming practices globally, supported by governments and a growing consumer shift towards organic produce. Organic farming benefits like reduced soil erosion and nutrient recycling elevate microbial demand since microbes play critical roles in soil nutrient cycling and plant stimulation. Among product types, bacteria lead the market with the largest share, and liquid formulations hold more than half the market due to ease of application.
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Functionally, crop protection dominates as microbes protect plants from pests and diseases, offering ecological safety and cost benefits. Application modes like foliar spray are gaining preference for rapid nutrient absorption. Fruits and vegetables represent the largest crop segment due to the high demand for organic and nutrient-rich produce. Major industry players focus on product innovation and geographic expansion to capitalize on market opportunities.
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