PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1388776
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1388776
Microbial organisms in agriculture, such as fungi, bacteria, and viruses, can greatly benefit soil improvement and crop protection. Among soil bacteria, Clostridium, azospirillum, and azotobacter are three species that can fix nitrogen without a plant host and exist freely in the soil. Commercial products containing live microorganisms, known as plant microbial inoculants, can be applied to improve the health, nutrition, or development of a plant host. The critical role of microbes in maintaining soil structure, nutrient cycling, and organic matter decomposition cannot be overstated. By introducing beneficial microbes or practices that enhance their activity, healthier soils can be achieved.
Rising demand for organic food products among consumers, along with a surge in the need for agriculture sustainability, is expected to propel the agricultural Microbials industry demand.
Organic farming is widely recognized as a highly developed and accepted production system in terms of sustainable development. Organic products are sourced exclusively from organic farms, where using fertilizers, chemical plant-protection products, antibiotics, and hormones is strictly prohibited. In industrialized nations, the organic food market has emerged as a prominent segment within the overall food market, gaining increasing popularity. According to Statistisches Bundesamt (Destatis), the proportion of agricultural land dedicated to organic farming is gradually expanding across the European Union. Austria stands out as the leading EU Member State in this field, with 25.7% of its agricultural area designated for organic farming in 2020. In contrast, Germany's share was notably lower, with 9.6% (equivalent to approximately 1.6 million hectares) of its agricultural area being organically farmed. This slightly exceeded the EU average of 9.1%. The surge in demand can be primarily attributed to consumer concerns regarding the adverse effects of conventional agriculture on human health and the environment. Particularly in developed countries, the majority of consumers perceive organic food as a safer and healthier alternative to conventionally produced food. Furthermore, the Development of Biotechnological Advancements can provide growth opportunities for the market. However, the initial high investment required for microbial solutions can act as a barrier to the widespread adoption of agricultural Microbials.
The Global Agricultural Microbials Market is segmented on the basis of Function, Product Type, Application, Crop Type and Region.
The market is divided into two categories based on Function: Soil Amendments and Crop Protection. Soil Amendments dominate the market. Growing recognition of the critical role of soil health and its direct correlation with crop productivity and caliber has led to a surge in demand for both organic and inorganic soil enhancers.
The market is divided into four categories based on product type: Bacteria, Fungi, Protozoa, and Viruses. The bacteria segment is expected to dominate the market. The agricultural Microbials sector has witnessed substantial expansion and attention, especially concerning bacteria, given their capability to foster eco-friendly agricultural methods, boost soil vitality, and increase crop output.
The market is divided into three categories based on Application: Foliar Spray, Soil Treatment, Seed Treatment, and Others. Foliar Spray dominates the market. Foliar spray involves applying a liquid mixture, frequently consisting of advantageous microorganisms, essential nutrients, or other specific agents, directly onto plant leaves. This approach stands in contrast to treatments administered to the soil or directly to seeds.
The market is divided into four categories based on Crop Type: Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others. Fruits and Vegetables dominate the market. Certain advantageous bacteria and fungi can stimulate plant development, resulting in higher produce yields and more robust fruits and vegetables.
Geographically, the Agricultural Microbials Market region is North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further segmented based on the countries involved in business activities. The growth of the market is expected to be driven by North America, primarily due to the continuous advancements in agricultural technology. Governments and development organizations have long advocated for the adoption of agricultural technologies as an effective means to enhance farm productivity and alleviate poverty. The term agricultural technology encompasses a wide range of equipment, genetic materials, farming techniques, and agricultural inputs that have been developed to enhance the efficiency of agriculture. Recent statistics on farming reveal that approximately 42% of farmers in the United States have already embraced precision agriculture tools. By the year 2050, U.S. growers will need to cross a level of food output to help feed a growing world population. They will operate multifaceted businesses with latest innovations to boost farms efficiency, according to the source of news and information from Syngenta. Furthermore, Europe, on the other hand, stands as the second largest market for Agricultural Microbials, owing to the increasing awareness regarding the benefits of crops produced using microbial techniques.
The surge in interest in eco-friendly farming methods, environmental restoration, and a preference for natural products has led to notable market momentum in recent times. Examples of prevalent microbial products encompass probiotics, enzymes, Biopesticides, and biofertilizers, all of which are gaining traction. Numerous leading entities spearhead the industry, competing to secure a more substantial market segment while perpetually innovating to present distinct solutions to agriculturalists. However, Large corporations frequently merge with or acquire budding biotech enterprises to assimilate cutting-edge offerings. These companies channel significant resources into research and development, aiming to identify new microbial strains and craft unique formulations.
October 12, 2023, BASF invested a substantial multi-million-euro budget for the establishment of a new fermentation facility at its Ludwigshafen location, dedicated to producing biological and biotechnological crop protection solutions. This facility will produce valuable commodities for farmers, such as biological fungicides and seed treatments.
The scope of this report covers the market by its major segments, which include as follows: