Agricultural Microbials Market Research Report By Key Players Analysis ( Monsanto, Bayer Cropscience AG, Syngenta AG )
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Agricultural microbials supply nutrients such as nitrogen and phosphorus to plants. These microbials also protect plants from pests and diseases. Agricultural microbials enhance the nutrient transportation process, improve soil structure, maintain biological equilibrium and enhance plant growth which subsequently results in increased yield of the plant. Thus, agricultural microbials have become increasingly popular in food production across the globe. Favorable regulatory and financial policies of various governments regarding the usage of microbial products, increasing global population, rising demand for food, and environment-friendly farming practices are the major driving factors of the agricultural microbials market.
Growth of the agricultural microbials market is primarily led by the high frequency of crop diseases and rising demand for food in developed as well as developing nations. Environmental protection laws in the U.S. and Europe are major drivers encouraging the use of agricultural microbials in these regions. This trend is likely to continue in the near future with growing importance of the agriculture industry. Furthermore, factors such as innovative production practices that do not harm crop yield would boost the usage of agricultural microbials globally. The market for agricultural microbials is expected to expand in Asia Pacific due to the economic growth coupled with increasing demand for food in the region. Developing countries such as China and India are likely to play a vital role in the agricultural microbials market in coming years due to the increased demand for food. North America, followed by Europe, is anticipated to be the largest market for agricultural antimicrobials due to stringent regulations requiring environment-friendly means of agriculture and rising demand for organic food in the region. Companies operating in this market aim to generate innovative solutions in order to meet the changing need of the consumers and these companies also invest heavily on research and development of new microbial products with the anticipated bright prospects for this market. Therefore, the global agricultural microbials market is anticipated to expand significantly in the near future.
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Some of the major companies operating in the global agricultural microbials market are Bayer CropScience AG, Monsanto, BASF SE, Syngenta AG, Sumitomo Chemical Co., Ltd., Arysta LifeScience Limited and Novozymes.
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