PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1464675
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1464675
Agriculture Beneficial Microbes Market size was valued at USD 9,900 Million in 2023, expanding at a CAGR of 11.4% from 2024 to 2032.
Agricultural beneficial microbes, also known as plant growth-promoting microbes (PGPMs) or agricultural probiotics, are naturally occurring bacteria that enhance plant health and development when applied to soil or plant surfaces. These microorganisms develop symbiotic connections with plants, helping them absorb nutrients, inhibit diseases, and withstand stress. They can repair atmospheric nitrogen, solubilize phosphate, create growth hormones, and boost systemic resistance to infections. Agricultural beneficial microorganisms help to promote sustainable agriculture practices by boosting soil fertility and plant vitality, lowering the need for synthetic fertilisers and pesticides while increasing crop production, quality, and resistance to environmental challenges.
Agriculture Beneficial Microbes Market- Market Dynamics
Increasing adoption of agricultural beneficial microbes is the growing demand for sustainable farming practices
As concerns about environmental impact and food safety rise, farmers seek alternatives to chemical fertilizers and pesticides. Beneficial microbes offer a natural and eco-friendly solution by improving soil health, enhancing nutrient availability, and promoting plant growth without harmful residues. Additionally, as regulations on chemical inputs tighten and consumer preferences shift towards organic and environmentally friendly products, the demand for agricultural beneficial microbes continues to rise.
Agriculture Beneficial Microbes Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 11.4% over the forecast period (2024-2032)
Based on Type segmentation, Fungus was predicted to show maximum market share in the year 2023
Based on Crop Type segmentation, Cereals and Grains was the leading type in 2023
Based on region, Asia Pacific was the leading revenue generator in 2023
The Global Agriculture Beneficial Microbes Market is segmented based on Type, Crop Type, Formulation, and Region.
The market is divided into four categories based on Type: Fungus, Bacteria, Virus, and Others. The demand for beneficial fungi in agriculture is on the rise due to their ability to enhance plant growth, improve nutrient uptake, and suppress soil-borne pathogens. Farmers are increasingly turning to fungal inoculants as a natural and sustainable solution to boost crop productivity and reduce reliance on chemical fungicides.
The market is divided into four categories based on Crop Type: Cereals and Grains, Pulses and Oilseeds, Fruits and Vegetables, and Others. The demand for beneficial microbes in cereals and grains agriculture is growing as farmers seek sustainable solutions to enhance soil health, nutrient uptake, and crop productivity. Beneficial microbes, such as nitrogen-fixing bacteria and plant growth-promoting rhizobacteria, are increasingly used to optimize yield, reduce chemical fertilizer dependency, and improve overall crop resilience.
Agriculture Beneficial Microbes Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
In the competitive landscape of agriculture-beneficial microbes, several key players vie for market dominance by offering a range of microbial products tailored to specific crop needs. Companies lead the market with innovative microbial solutions that enhance soil fertility, nutrient uptake, and plant growth. Additionally, smaller firms and startups provide niche products targeting organic and sustainable farming practices. Intense competition drives continuous research and development efforts to improve microbial strains' efficacy, formulation methods, and compatibility with various farming systems, driving innovation and diversification in the market.
In April 2022, Bayer CropScience inked a deal with Ginkgo Bioworks under which Ginkgo Bioworks will purchase Bayer's West Sacramento Biologics Research & Development location as well as its internal discovery and lead optimisation platform. This collaboration is expected to speed up the spread of Bayer's diverse array of high-quality microbial-based solutions for farmers globally.
GLOBAL AGRICULTURE BENEFICIAL MICROBES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Novozymes
Agri Life
Biomax
Taibao Biological
Genliduo Bio-Tech
RIZOBACTER
Symborg
BASF
Corteva
Xi'an Delong Bio-industry
Jinggeng Tianxia
Aokun Biological
Syngenta
Koppert
Dupont
Bayer
Arysta LifeScience
Certis Biologicals
AgBiome
Others