Press release
Microbial Products (2016 - 2027): Key Trends, Industry Opportunities and Market Projections for Upcoming Years
Microbial Product is referred as those industrial products which are used as microorganism for various purposes. This market has been evaluated as million and is continuously growing. As compared to the year 2010, this market has been grown moderate to the CAGR rate of more than 5.7% annually. Microbial products has various applications in the various segments including, Agriculture as the biggest market followed by the healthcare, manufacturing industry and power and energy. Microbial products such as fertilizers and pesticides are widely used to help in the growth of the plants and the increase the fertility of the soil. Microbial products offer various features include variety of uses and cost benefits.
Market Segmentation
For the better understanding of the Global Microbial product market, this report has been segmented on the basis of
On the basis of end user:
• Agriculture
• Manufacturing
• Healthcare
• Energy
• Environment
On the basis of application
• In Agriculture (Pesticides- Bacteria, Protozoa, Fungi, Nematodes, Fertilizers- Nitrogen bio fertilizers, phosphorus bio fertilizers)
• In Healthcare (Microbial Biopharmaceuticals, Therapeutics)
• In Manufacturing (Food Processing, Enzymes, Biopolymers)
• In Energy (Biofuels, Microbial-Enhanced Oil Recovery, Microbial Fuel Cells, Hydrogen Production)
• In Environment (Environmental monitoring, Bioremediation, Recycling, Oil Spills & Residues Cleanup Wastewater & Sewage Treatment)
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Market Applications
Application of Microbial products varies different for the end user industries. Agriculture sector is the biggest consumer for the microbial and the application includes in the segment of pesticides, fertilizers and animal feed additives. In the pesticides segment it is been used as fungi, bacteria, protozoa among other followed by in fertilizers segment it is been used as nitrogen fertilizers, phosphorus among others. Other industries includes healthcare where it is used in technology, in the manufacturing industry it is been used as food processing where it includes baking, brewing among others. In the energy sector it is been used as biofuels production. In the environment market its uses are in the segment of environmental monitoring and bioremediation.
Market Influencer
The main factor which is driving the market for Microbial products is the demand for various industries. Agriculture industry is growing with rapid speed there by increasing the demand for the microbial products. As per the report agriculture industry has been growing with the CAGR rate of more than 5% and it is creating the demand for all the products associated with the agriculture. Microbial has various applications in the agriculture industry including as the pesticide and fertilizers.
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Key Players
The key players in the market of Microbial products vary on the basis of industries. Following companies belong to different industry and are directly connected with the microbial product:
• Valent BioSciences Corp.
• LAM International
• BioOrganics Inc
• Mycorrhizal Applications Inc
• METabolic EXplorer S.A.
• Procter & Gamble Co.
• Lesaffre et Compagnie
• Novo Nordisk A/S
• Amyris Inc.
• Gevo
• REG Life Sciences LLC
• Desert Sweet Biofuels
• Natural Environmental Systems LLC
• Bioremediation Inc.
• BIO-SYSTEMS International
• Sapporo Breweries Ltd.
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Regional Analysis
North America is a leading player in the market of Microbial product with the aggregate market share of followed by the Europe region. Countries in the North America such as the US and Canada is having more control over their domestic market for agriculture, healthcare, manufacturing and others. This countries are well developed in the above segment and using the microbial products from very long time. Europe region is having market share and countries like Germany, UK are well established in the industry of healthcare and agriculture, and also consumes the microbial products in very large quantity.
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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Akash Anand,
Market Research Future
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