Agricultural Microbial Market Size, Growth Rate, Global Trends Analysis 2023-2028
How Big is The Agricultural Microbial Market:
IMARC Group, a leading market research company, has recently releases report
titled "Agricultural Microbial Market: Global Industry Trends,
Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC
Group, finds that the global
agricultural microbial market size reached US$ 8.6 Billion in 2022. Looking
forward, IMARC Group expects the market to reach US$ 17.3 Billion by
2028, exhibiting a growth rate (CAGR) of 11.8% during 2023-2028.
What is Agricultural Microbial?
Agricultural microbial represent microorganisms that are utilized in various
agricultural practices to improve the quality of yield and crop productivity.
They comprise of bacteria, molds, archaea, yeasts, algae, protozoa, and
viruses. Agricultural microbial variants enhance the ability of crops to resist
ultraviolet (UV) radiation, extreme temperature, damages caused by insects,
salinity, floods, drought, etc. They provide several nutrients, including
phosphorous and nitrogen, that are essential for balancing plant hormones,
stimulating growth, producing stress-protective compounds, reducing diverse
plant diseases, etc. Consequently, agricultural microbial are extensively
preferred by farmers across the globe.
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What are the growth prospects and trends in the Agricultural
Microbial Market:
The shifting preferences toward sustainable agricultural practices to lower soil erosion, maintain soil quality, and preserve freshwater is primarily driving the agricultural microbial market. In addition to this, the growing awareness about the numerous benefits of the formulation, such as the decomposition of organic matter, improving crop health, recycling of old agricultural material, etc., is also positively influencing the global market. Moreover, the emerging trend of organic farming to reduce environmental pollution and emission of greenhouse gases is acting as another significant growth-inducing factor. Apart from this, the inflating investments undertaken by leading market players to introduce automated greenhouse facilities that offer innovative and technically advanced crop protection solutions and the increasing demand for liquid microbial products, on account of their ease of application, are further augmenting the market growth. Besides this, the rising product adoption to ensure nitrogen fixation and foster the growth of shoot and root are expected to propel the agricultural microbial market over the forecasted period.
Agricultural Microbial Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the
detailed profiles of the key players operating in the market.
AgBiome, BASF SE, Bayer AG, Cargill Incorporated, Certis USA LLC, Chr. Hansen
A/S, DuPont de Nemours Inc., Koppert Biological Systems, Marrone Bio
Innovations (Bioceres Crop Solutions), Novozymes A/S (Novo Holdings A/S),
Nufarm Limited, Sumitomo Chemical Co. Ltd. and Syngenta AG.
What is included in market segmentation?
Breakup by Type:
- Bacteria
- Fungi
- Virus
- Others
Breakup by Formulation:
- Dry
- Liquid
Breakup by Application Method:
- Soil
Amendment
- Crop
Protection
Breakup by Function:
- Foliar
Spray
- Soil Treatment
- Seed
Treatment
- Others
Breakup by Crop Type:
- Cereals
- Oilseeds
and Pulses
- Fruits and
Vegetables
- Others
Breakup by Region:
- North
America: (United States, Canada)
- Asia
Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany,
France, United Kingdom, Italy, Spain, Russia, Others)
- Latin
America: (Brazil, Mexico, Others)
- Middle
East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter's
Five Forces Analysis
- Market Drivers
and Success Factors
- SWOT
Analysis
- Value
Chain
- Comprehensive
Mapping of the Competitive Landscape
If you need specific information that is not currently within the
scope of the report, we can provide it to you as a part of the customization.
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