Agriculture

Global Agricultural Microbial Market

May 12, 2020
ID: SR/AG-05
Format:Pdf
Pages:220

Global Agricultural Microbial Market- By Type (Bacteria, Fungi, Virus, Other), By Function (Soil Amendment, Crop Protection), By Formulation (Dry Formulation, Liquid Formulation), By Mode of Application (Soil Treatment, Foliar Spray, Seed Treatment), By Application (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Turf and Ornamentals, Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.

Description

Global Agricultural Microbial Market Overview:

Agricultural microbial technology is an environmentally friendly green technology. It can decompose animal and plant waste resources through microbial industrialization projects, and effectively achieve sustainable development goals such as energy conservation, emission reduction, and ecological civilization.

Global Agricultural Microbial Market Insights

The global agricultural microbial market expected to spur market value with USD 11.23 billion with anticipating CAGR in the forecast period from 2020-2027. The growth in the consumption of organic farm products in developing countries and the global demand for high-value fruits and vegetables are driving growth.

The future market will continue to be driven by new technologies and cost-effective, innovative agricultural microbial preparation products that can use in the field. Some leading companies in the market carry out various R & D experiments and develop new products that can reduce the impact on non-target organisms in the ecological environment.

Another driver of the market is the high awareness of the use of organic and ecological agricultural cultivation methods in developed countries. Other factors include increased consumer demand for high-value cereals, vegetables, and fruits, as well as lawn and landscape crops.

Moreover, the growth of the world’s population and food demand, the rising cost of fertilizers and pesticides, the rise of organic and environmentally friendly farming methods, more convenient residue management, and the encouragement of government agencies to apply microbial products is contributing to the market growth.

Taking into account environmental factors, the demand for natural biological pesticides and biological fertilizers has increased all over the world. Agricultural microbiological solutions are a safe investment for farmers because they can improve plant vitality and protect seeds from pests and diseases.

Growth Driver

Increasing Food Demand and Safety

The demand for food is increasing owing to the demanding population raises the concern for the safety of food. The sustainable agricultural practices and growing environmental concerns are propelling the need for agricultural microbials. The demand for agricultural microbials is used to enhance the quality of soil and improves productivity as well. Therefore, to meet the requirement of food demand, agricultural microbials are used to provide rapid production concerning food safety measures.

Rising Technology

With the emerging disposable income and changing technology has increased the adoption of agricultural microbials. It is mainly due to urbanization and reducing in arable land is driving the farmers to adopt agrarian treatment to increases soil fertility. Thus, it improves the quality of minerals and increases the yield.

By Product Type Segmental Analysis

Based on the product type, the global agricultural microbial market segment into Bacteria, Fungi, Virus, Other. The bacteria segment estimated to dominates the maximum share of the global agricultural microbial market in the forecast period from 2020-2027. Bacterial agricultural microorganisms can help crops to eliminate toxic substances in the soil and fight root diseases, providing stability for the entire soil system. Based on these characteristics, bacterial microorganisms occupy the leading position in the agricultural microorganism market.

By Function Segmental Analysis

Based on the function, the global agricultural microbial market classified into Soil Amendment, Crop Protection. The soil amendment segment dominated the largest market share in the global agricultural microbial market. It can improve soil redox conditions, reduce nitrogen denitrification and oxidation processes, reduce nitrate content, ensure that farm products are pollution-free, and reduce environmental pollution. Moreover, the microbial soil amendment can alleviate the pollution and compaction of soil caused by excessive application of chemical fertilizers. It stimulates soil vitality, improves soil physical properties, increases soil aggregate structure, thereby loosening soil and reducing soil compaction.

By Formulation Segmental Analysis

Based on the formulation, the global agricultural microbial market bifurcated into Dry Formulation, Liquid Formulation. The liquid formulation segment accounts for the highest share in the global agricultural microbial market. It is mainly owing to the use of liquid biofertilizers to provide a longer shelf life than conventional formulation. Also, it does not contaminate the environment and does not affect high temperatures. Also, the liquid formulation is cost-effective and provides sustainable agricultural practice a stimulates plant growth.

By Mode of Application Segmental Analysis

Based on the mode of application, the global agricultural microbial market classified into microbial Soil Treatment, Foliar Spray, Seed Treatment. The foliar treatment segment accounts for the largest share in the global agricultural microbial market in the forecast period from 2020-2027. It is due to its features that provide a specific advantage over other treatments. The foliar treatment is applied to provide nutrients to the plants, and it can take directly by the target organs and improves quality and enhance response.

By Application Segmental Analysis

Based on the application, the global agricultural microbial market segmented into Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Turf and Ornamentals, Others. The fruits and vegetable segment has captured the largest share in the global agricultural microbial market. These microorganisms commonly used to control indoor pests and maintain lawns and ornamental crops. Moreover, the demand and trade of imported fruits and vegetables in developing countries are the main factors driving growth.

By Region Segmental Analysis

Based on geography, the global agricultural microbial market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific is the world’s fastest-growing agricultural microbial market, accounting for the largest share in the global market. China expected to be the fastest-growing country, mainly because consumers in the region use organic products and tropical and subtropical fruits and vegetables. Moreover, North America will dominate the market in the forecast period from 2020-2027. It is mainly due to the demand for high-yield and high-quality crops, land productivity, and soil quality has driven the growth of the market for agricultural microbial products.

Competitor Analysis

Companies such as Sumitomo Chemical Company Limited, Dow Chemical Company, Marrone Bio Innovations, Bayer CropScience, Novozymes, and Gujrat State Fertilizers & Chemicals Limited, Koppert B.V., DuPont, and Certis USA LLC, Syngenta Ag, BioAg Alliance, Arysta Lifescience Limited, Monsanto, Chr. Hansen, BASF SE, Taxon, and others are key players in the global agricultural microbial market.

Key Stakeholders

Market research and consulting firms
Industry associations
Global agricultural microbial manufacturing companies
Research organizations and consulting companies’ agricultural microbial
Regulatory bodies

Scope of the report

Report Attribute	Details
Market size value in 2020	USD 6.0 Billion
Revenue forecast in 2027	USD 11.23 Billion
Growth Rate	CAGR of 9.47% from 2020 to 2027
Historical data	2017-2019
Forecast period	2021 – 2027
Region covered	America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Sumitomo Chemical Company Limited, Dow Chemical Company, Marrone Bio Innovations, Bayer CropScience, Novozymes, Gujrat State Fertilizers & Chemicals Limited, Koppert B.V., DuPont, and Certis USA LLC, Syngenta Ag, BioAg Alliance, Arysta Lifescience Limited, Monsanto, Chr. Hansen, BASF SE, Taxon, and others

Recent Developments

In April 2020, Sumitomo Chemicals Company successfully procured four South American subsidiaries of Nufarm Limited—in Brazil, Argentina, Chile, and Colombia, respectively—to grow its global footprint in the crop protection business in several regions across the globe.
In January 2020, BASF SE, for its Agricultural Solutions business in Singapore, fostered a multipurpose office designed to deal with six different formulation technologies and supply its patented crop protection products to farmers across the rapidly developing Asia Pacific region.
In October 2019, Bayer CropScience launched its recent biological innovations, known by the brand name, Biologicals, by Bayer at the 2019 Annual Biocontrol Industry Meeting (ABIM).

The objective of the Research

Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Type

Bacteria
Fungi
Virus
Other

By Function

Soil Amendment
Crop Protection

By Formulation

Dry Formulation
Liquid Formulation

By Mode of Application

Soil Treatment
Foliar Spray
Seed Treatment

By Application

Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Turf and Ornamentals
Others

By Region

Europe
North America
Asia Pacific
South America
Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What are the major drivers for the agricultural microbial market?

Increasing food demand and safety measures, rising Technology, emerging disposable income are the major drivers for the global agricultural robots market growth.

What is the growth rate of the agricultural microbial market?

The global agricultural microbial market size was valued at USD 6.0 billion in 2020 and is expected to reach USD 11.23 billion by 2027, growing at a CAGR of 9.47 % from 2020–2027.

What segments are covered in the agricultural microbial market?

The segments covered in the agricultural robots market are based on type, function, formulation, mode of application, application and region.

Who are the key players in the agricultural microbial market?

Sumitomo Chemical Company Limited, Dow Chemical Company, Marrone Bio Innovations, Bayer CropScience, Novozymes, Gujrat State Fertilizers & Chemicals Limited, Koppert B.V., DuPont, and Certis USA LLC, Syngenta Ag, BioAg Alliance, Arysta Lifescience Limited, Monsanto, Chr. Hansen, BASF SE, Taxon, and others are the key players in the global agricultural microbial market.

Which region is expected to have significant demand during the forecast period?

The Asia Pacific is expected to project considerable growth over 2020-2026 due to developing countries like China, which is expected to be the fastest-growing country, mainly because consumers in the region use organic products and tropical and subtropical fruits and vegetables.

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