Market Research Report
Agricultural Microbials Market by Type (Bacteria, Fungi, Virus, Protozoa), Function (Soil Amendment and Crop Protection), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Mode of Application, Formulation, Region - Forecast to 2025
|Published by||MarketsandMarkets||Product code||936580|
|Published||Content info||211 Pages
Delivery time: 1-2 business days
|Agricultural Microbials Market by Type (Bacteria, Fungi, Virus, Protozoa), Function (Soil Amendment and Crop Protection), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Mode of Application, Formulation, Region - Forecast to 2025|
|Published: May 12, 2020||Content info: 211 Pages||
"The agricultural microbials market is projected to grow at a CAGR of 14.1% from 2019 to 2025."
The agricultural microbials market is estimated to be valued at USD6.0billion in 2020 and is projected to reach USD 11.6billion by 2025, recording a CAGR of 14.1%. Factors such as the rise in adoption of integrated pest management (IPM) practices across the globe, reduced development cost for microbials in comparison to conventional chemical pesticides, target specificity associated with microbial pesticides, and the rising trend of adopting organic farming practices are projected to drive the growth of this market.
The bacteria segment is estimated to account for the largest market share, with USD 8.7 billion by 2025. There are around 1,408,525 strains of bacteria successfully registered, and they are the largest class of microorganism strains that have been registered and used for various industrial purposes. Bacterial strains have been most successfully isolated and used for cultivation purposes compared to all the other microorganisms, and form 43.5% of all the microorganisms strains registered globally. The application of bacteria in agriculture has increased in terms of biofertilizers and biopesticides, as these sustainably provide higher and healthy yields. Their benefits in achieving a holistic plant growth in cultivation increase their usage in the market.
Foliar mode of application is widely used to apply microbials. It is mostly used for many fruit, vegetable, and flower crops. Microbials can be foliar applied as liquid or suspensions to crops. Soluble suspensions of microbials are useful in foliar spray and are lower in cost as compared to synthetic fertilizers. During flowering in spring, when soil moisture and temperature are not favorable for root growth, foliar spray is advantageous to meet the internal demand of micronutrients in the plants.
By function, the crop protection segment is projected to grow at a higher rate in the agricultural microbials market during the forecast period. By function, the crop protection segment is projected to witness higher growth, at a CAGR of 15.98% by 2025. The microbial pest control provides a significant amount of target specificity and ecological safety and hence can be applied uniquely or in combination with other pest management programs. Thus, the growers increasingly find the application of the products in this segment, so their market seems to grow rapidly.
The fruits & vegetables segment is projected to account for the largest market share of USD 1.3 billion by 2025. The rapidly shifting focus on the consumption of fruits and vegetables in the population to achieve optimum nutrition is driving the market. There has also been a rise in the production quantities of fruits and vegetables across the globe. The rising per capita incomes of the population in the developed and developing countries also drive the demand for naturally produced foods.
North America is projected to have the largest share of USD 4.0 billion in 2025. The region is experiencing high growth in organic farming practices, farm conversions from conventional to organic, and development of newer biological solutions through research. The increasing growth of high-value crops and rising awareness among farmers about the environmental benefits of microbial solutions are expected to provide more scope for agricultural microbials market expansion. Populations in this region also are becoming more concerned regarding food safety and quality; thus, the governments have to invest more so that they meet these needs of the population, which tends to increase the demand for microbial solutions in the region.
Others include executives, sales managers, marketing managers, and product managers.
Leading players profiled in this report:
This report segments the agricultural microbials market on the basis of type, crop type, form, mode of application, function, formulation, and region. In terms of insights, this research report focuses on various levels of analyses-competitive landscape, end-use analysis, and company profiles-which together comprise and discuss the basic views on the emerging & high-growth segments of the agricultural microbials market, the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.