Agricultural Microbials Market Size, Share, Growth Report 2032

Agricultural Microbials Market

Agricultural Microbials Market By Microbe Type (Protozoa, Bacteria, Virus, Fungi and Others), By Function (Soil Amendment and Crop Protection), By Formulation (Dry Formulation and Liquid Formulation), By Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds, Turf and Ornamentals and Others), By Mode Of Application (Soil Treatment, Foliar Spray and Seed Treatment), By Region (North America, Europe, Asia Pacific, Latin America, and The Middle East & Africa): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2024 - 2032

Category: Chemical & Materials Report Format : PDF Pages: 178 Report Code: ZMR-900 Published Date: Nov-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 7.22 Billion USD 21.50 Billion 12.88% 2023

Agricultural Microbials Market Insights

According to Zion Market Research, the global Agricultural Microbials Market was worth USD 7.22 Billion in 2023. The market is forecast to reach USD 21.50 Billion by 2032, growing at a compound annual growth rate (CAGR) of 12.88% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Agricultural Microbials Market industry over the next decade.

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Agricultural Microbials Market: Overview

Agricultural microbials are the active ingredient of bio-stimulants and are produced from naturally occurring micro-organisms. They are used in agricultural practices such as controlling plant disease, enhancing soil nutrients, improve crop yields, release nitrogen, maintain the fertility of the soil, and decomposing dead organisms. They are used as an organic alternative to chemical soil fertilizers and nutrients.

The market is witnessing rise in demand due to exponential growth of population in developing countries is generating high food demand and rising awareness for organic farming and eco-friendly agricultural practices.

Implementation of eco-friendly agricultural practices due to awareness of public and environmental safety and development of target-specific agricultural microbials are the rising trends in the agricultural microbial market.

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Growth Factors

The exponential growth of population, rising demand for food and food products, low cost of agricultural microbials as compared to conventional chemicals, the increasing awareness about the overall public implementation of regulatory policies by the government for food safety, and environmental health is leading to the trend of organic farming. This is increasing demand for agricultural microbials in the market. Increased adoption of microbials in agricultural practices and rise in urbanization, less availability of fertile land is making farmers implement safe crop protection techniques. Also, they are used for crop intensification (yield maximization) agricultural microbials are being used. All these factors are driving the market growth of agricultural microbials.

Agricultural Microbials Market: Report Scope

Report Attributes Report Details
Report Name Agricultural Microbials Market
Market Size in 2023 USD 7.22 Billion
Market Forecast in 2032 USD 21.50 Billion
Growth Rate CAGR of 12.88%
Number of Pages 178
Key Companies Covered BASF SE, Novozymes, Syngenta Ag, Sumitomo Chemicals Company Ltd, Monsanto, Dow Chemical Company, Marron Bio Innovations, Buyer Crop Science, Gujarat State Fertilizers & Chemicals Limited, Koppers B.V. and Certis USA LLC. among others.
Segments Covered By Microbe Type, By Function, By Formulation, By Crop Type, By Mode Of Application and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Microbe Type Segment Analysis Preview

Bacteria type segment held a share of around 33.02% in 2020. The bacterial microbials estimated to dominate the agricultural microbials market in the forecast period by holding the largest share of the market. This growth is attributed to the intensive use of bacterial strains in various industrial processes. Around 43 % of microbials are of bacterial type. Microbials are being extensively used as biofertilizers and as biopesticides to improve crop yield and protect crops. The bacterial microbials are more convenient to cultivate and isolate as compared to other microbials.

The fungi segment also holds the second major share of the market. This growth is attributed to the increased demand for fungi for plants like cereals, grains, fruits, and vegetables, etc. There is in demand for their application in increased germination, seedling vigor, flowering, and high yield. This segment is also estimated to show significant growth.

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Crop Type Segment Analysis Preview

The crop type segment will grow at a CAGR of over 14.2% from 2021 to 2028. The fruits and vegetable segment are estimated to be the fastest-growing segment in the forecasted period. This is attributable to the increase in demand for fruits and vegetables and increased awareness about healthy food and dieting habits. The rising demand for fruits and vegetables from developing and developed countries is an increasing demand for fruits and vegetables. Hence, by crop type fruits and vegetable is estimated to be a rapidly growing segment in the forecast period.

Regional A nalysis Preview

The North American region held a share of 37.56% in 2020. North America has the major market share among which the United States accounts for larger the regional market share. The increasing awareness about food safety among people of this region, shift from conventional farming practices to organic farming, rise in crop diseases, and awareness among farmers of the benefits of the microbials for environmental safety are driving the market demand of this region. The requirement of high crop yield to satisfy the growing food demand of the population is also leading to a rise in demand for agricultural microbials.

The Asia Pacific region is estimated to grow at a CAGR of 15.8% over the forecast period. The developing countries like India and China in the Asia-Pacific region are estimated to provide growth opportunities for the agricultural microbials market in the forecast period. This growth is attributable to an increase in crop diseases, farmers shift towards organic farming and implementation of environmental protection laws. In addition to this, new organic farming practices and the use of advanced technologies in farming are expected to drive the market demand in this region.

Key Market Players & Competitive Landscape

Some of the key players in the agricultural microbials market are:

  • BASF SE
  • Novozymes
  • Syngenta Ag
  • Sumitomo Chemicals Company Ltd
  • Monsanto
  • Dow Chemical Company
  • Marron Bio Innovations
  • Buyer Crop Science
  • Gujarat State Fertilizers & Chemicals Limited
  • Koppers B.V. 
  • Certis USA LLC. among others.

The dominant market BASF, Certis USA LLC, Marrano Bio Innovations players are adopting aggressive marketing strategies to strengthen their positions in the market. The companies in this market are implementing strategies like mergers, acquisitions, and product innovations.

Global Agricultural Microbials Market Regional AnalysisRequest Free Sample

Ex. In June 2018, Bayer acquired Monsanto's business. This acquisition helped Bayer to expand their product portfolio of biological crop protection and seeds.

The global agricultural microbials market is segmented as follows:

By Microbe Type

  • Protozoa
  • Bacteria
  • Bacillus Subtilis
  • Bacillus Thuringiensis
  • Rhizobium Others
  • Virus
  • Fungi
  • Trichoderma Spp
  • Mycorrhizal Fungi
  • Penicillium
  • Aspergillus
  • Lecanicillium
  • Others

By Function

  • Soil Amendment
  • Crop Protection

By Formulation

  • Dry Formulation
  • Liquid Formulation

By Crop Type

  • Fruits & Vegetables
  • Cereals & Grains
  • Oilseeds
  • Turf And Ornamentals
  • Others

By Mode Of Application

  • Soil Treatment
  • Foliar Spray
  • Seed Treatment

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The global agricultural microbials market valued at $ 7.22 Billion in 2023.

 

 

The global agricultural microbials market is estimated to reach $ 21.50 Billion by 2032, with CAGR of around 12.88% from 2024 to 2032.

Some of the key factors driving the global agricultural microbials market growth are the rise in population, high yielding crops, growing prevalence of crop diseases, and increase in organic farming practices.

North America region held a substantial share of the agricultural microbials market in 2023. This growth is attributable to the increasing demand for food safety and high crop yield with the shift towards organic farming.

Some of the major companies operating in the agricultural microbials market are BASF SE, Novozymes, Syngenta Ag, Sumitomo Chemicals Company Ltd, Monsanto, Dow Chemical Company, Marron Bio Innovations, Buyer Crop Science, Gujarat State Fertilizers & Chemicals Limited, Koppers B.V. and Certis USA LLC. among others.

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