Growth Prospects in the Agricultural Microbials Market
Meticulous Research®— leading global market research company, published a research report titled, ‘Agricultural Microbials Market by Microorganism Type (Bacteria, Fungi, Virus), Product Functionality (Soil Amendments, Crop Protection), Formulation, Mode of Application (Foliar Spray, Soil Treatment, Seed Treatment), Crop Type — Global Forecast to 2032.’
According to this latest publication
from Meticulous Research®, the agricultural microbials market is
projected to reach $27.08
billion by 2032, at a CAGR of 13% during the forecast
period 2025–2032. The growth of this market is being propelled by factors such
as the growing awareness regarding the utilization of synthetic chemicals,
rising organic farming and demand for organic food, increasing focus on
sustainable agriculture practices, and growing concerns regarding
environmental safety. However, the lack of education and awareness among
farmers and the high cost of agricultural microbials production are restraining
the growth of this market. Moreover, the growing adoption of agricultural
microbials in emerging economies is expected to generate significant growth
opportunities for the stakeholders in this market. On the other hand, the
shorter shelf life of agricultural microbial and lengthy product registration
and approval processes are major challenges impacting market growth.
Key Players
Some of the key players operating in
the agricultural microbials market are Syngenta AG (A Part of China National
Chemical Corporation/Chemchina) (Switzerland), BASF SE (Germany), Bayer
AG (Germany), Corteva, Inc. (U.S.), UPL Limited (India), FMC
Corporation (U.S.), Novozymes A/S (Denmark), Nufarm Limited (Australia),
Sumitomo Chemical Co., Ltd. (Japan), Koppert B.V. (Netherlands), Pro Farm Group
Inc. (U.S.), Isagro S.p.A. (Italy), BioWorks, Inc. (U.S.), Certis USA L.L.C.
(U.S.), and Biobest Group NV (Belgium).
The agricultural microbials market is
segmented based on microorganism type (bacteria, fungi, virus, and other
microorganisms), product functionality (soil amendments and crop protection),
formulation (liquid and dry), mode of application (foliar spray, soil
treatment, seed treatment, and other modes of application), crop type (cereals
& grains, oilseeds & pulses, fruits & vegetables, and other crops),
and geography (North America, Europe, Asia-Pacific, Latin America, and the
Middle East & Africa). The study also evaluates industry competitors and
analyzes the market at the regional and country levels.
Based on microorganism type, the bacteria segment is expected to
account for the largest share of the agricultural microbials market in 2025.
The segment’s large share is mainly attributed to the rising number of
applications of bacteria in the formulation of biofertilizers, biopesticides,
and biostimulants. Bacteria are commonly known for performing several
growth-enhancing functions in plants and protecting plants from various
root-fungus diseases, influencing the segment market growth. In addition,
bacteria play a crucial role in maintaining soil health by promoting nutrient
cycling, improving soil structure, and suppressing soil-borne diseases. These
factors contribute to the segment’s large share.
Based on product functionality, the crop protection segment is expected
to account for the larger share of the agricultural microbials market in 2025.
The segment’s large share is mainly attributed to the growing need to increase
crop yield and quality, growing awareness about environmental safety,
increasing adoption of advanced agricultural practices and technologies,
growing organic farming and the rising demand for organic food, and rapidly
decreasing agricultural land.
However, the soil amendments segment
is projected to witness significant growth during the forecast period of
2025–2032. The key factors supporting the rapid growth of this segment include
the widespread use of agricultural microbes for enhancing soil quality, soil
fertility, and crop protection.
Based on formulation, the liquid segment is expected to account
for the larger share of the agricultural microbials market in 2025. The
segment’s large share is mainly attributed to the liquid formulation’s better
performance and higher effective duration (up to 6 months) than that of dry
formulation (up to 3 months). Moreover, it does not require any previous
procedures, such as mixing, which helps avoid spoilage.
Based on mode of application, the foliar spray segment is expected to
account for the largest share of the agricultural microbials market in 2025.
The segment’s large share is mainly attributed to its high efficiency in the
application, uniform distribution of chemicals, and minimum to no wastage of
agricultural microbials in the foliar spray mode of application. Additionally,
the uptake of nutrients is much faster in foliar spray as it quickly absorbs
the nutrients, and this technique is comparatively easier to apply and acts as
a prompt correction treatment for several diseases and deficiencies in plants;
these factors contribute to the segment’s large share.
Based on crop type, the cereals & grains segment is
expected to account for the largest share of the agricultural microbials market
in 2025. The segment’s large share is mainly attributed to the growing need to
increase cereal & grain production, minimize cereal & grain loss due to
pests and diseases, and the increasing use of these crops in animal feed,
biofuel, and starch & ethanol production. Additionally, in many countries,
governments actively support cereals & grains production due to their
importance in food security. This often includes policies and subsidies that
incentivize the use of modern agricultural practices, including the use of
agricultural microbials.
Based on geography, the agricultural microbials market is
segmented into North America, Europe, Asia-Pacific, Latin America, and the
Middle East & Africa. Asia-Pacific is projected to record the highest CAGR
during the forecast period due to the rapid growth in population, increase in
crop diseases, farmers' shift towards organic farming and implementation of
environmental protection laws, and the rising need for high productivity and
yield.
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Key Questions Answered in the
Report:
·
Which are
the high-growth market segments in terms of microorganism type, product
functionality, formulation, mode of application, crop type, and geography?
·
What is
the historical market size for agricultural microbials across the globe?
·
What are
the market forecasts and estimates for the period 2025–2032?
·
What are
the major drivers, restraints, opportunities, and challenges in the
agricultural microbials market?
·
Who are
the major players in the market, and what are their market shares?
·
Who are
the major players in various countries, and what are their market shares?
·
What is
the competitive landscape like for the agricultural microbials market?
·
What are
the different strategies adopted by the major players in the agricultural
microbials market?
·
What are
the key geographic trends, and which are the high-growth countries?
·
Who are
the local emerging players in the agricultural microbials market, and how do
they compete with other players?
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