The global agricultural microbial market size reached US$ 9.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 23.9 Billion by 2032, exhibiting a growth rate (CAGR) of 10.3% during 2024-2032.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Agricultural Microbial
Market: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2024-2032," the global agricultural microbial market size reached
US$ 9.6 Billion in 2023.
Agricultural microbial refers to microorganisms that play an essential role in
numerous farming practices to improve crop productivity and yield quality. They
include protozoa, viruses, fungi, archaea, yeast, molds, algae, and bacteria.
Agricultural microbial are widely used for soil improvement, crop protection,
increasing soil fertility, and enhancing the uptake of nutrients such as
phosphorous and nitrogen.
They also assists in composting to produce manure by decomposing organic
matter and recycling old plant materials. Agricultural microbial provides several
benefits, including drought and heat tolerance and resistance to insects, plant
diseases, salinity, and ultraviolet (UV) radiations. They also offers certain
antibiotics and growth substances that assist in the development of plants.
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4. Report Description
Global Agricultural Microbial Market Trends:
The rising adoption of sustainable agricultural practices is one of the key factors driving the market growth. Agricultural
microbial is widely used as an economical solution to improve plant health and enhance crop production while controlling
disease outbreaks, enhancing soil conditions, refining the nutrient transportation process, reducing soil erosion, and
preserving freshwater. In addition, rising awareness regarding the benefits of employing agricultural microbial in farming,
such as nitrogen fixation, disease control, and soil enrichment, is acting as another growth-inducing factor. Furthermore,
widespread product adoption in formulating biofertilizers, biopesticides, and biostimulants to improve crop yield, prevent
root-fungus disease, and increase germination, seedling vigor, and flowering is providing an impetus to the market
growth. Additionally, the introduction of advanced production techniques for plant growth-promoting (PGP) microbes, such
as liquid, talc, sawdust, and peat-based formulations that prevent the loss of bioactivity and improve the physical,
chemical, and nutritional properties of the formulated biomass, is creating a positive outlook for the market. Moreover,
the implementation of various government initiatives promoting the use of microbes as biofertilizers and an effective
substitute for synthetic agrochemicals is providing a considerable boost to the market growth. Other factors, including
rising consumer concerns regarding environmental pollution and greenhouse gas (GHG) emissions caused by
conventional agricultural practices and extensive research and development (R&D) activities, are anticipated to drive the
market growth.
Looking forward, the market value is expected to reach US$ 23.9 Billion by 2032, exhibiting a CAGR of
10.3% during 2024-2032.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/agricultural-microbial-market
5. Report
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
6. Report
Segmentation
• Seed Treatment
• Others
Breakup by Crop Type:
• Cereals
• Oilseeds and Pulses
• Fruits and Vegetables
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
7. Competitive
Landscape with
Key Players
• 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.
• Syngenta AG.
8. Key Questions
Answered in
the Report
What was the size of the global agricultural microbial market
in 2023?
What is the expected growth rate of the global agricultural
microbial market during 2024-2032?
What are the key factors driving the global agricultural
microbial market?
What has been the impact of COVID-19 on the global
agricultural microbial market?
What is the breakup of the global agricultural microbial
market based on the type?
What is the breakup of the global agricultural microbial
market based on the formulation?
9. Key Questions
Answered in
the Report
What is the breakup of the global agricultural microbial
market based on the application method?
What is the breakup of the global agricultural microbial
market based on the function?
What are the key regions in the global agricultural microbial
market?
Who are the key players/companies in the global agricultural
microbial market?
10. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Agricultural Microbial Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Bacteria
6.1.1 Mark et Trends
6.1.2 Mark et Forecast
6.2 Fungi
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Virus
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
11. Table of
Contents
6.4 Others
6.4.1 Mark et Trends
6.4.2 Mark et Forecast
7 Market Breakup by Formulation
7.1 Dry
7.1.1 Market Trends
7.1.2 Mark et Forecast
7.2 Liquid
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
8 Market Breakup by Application Method
8.1 Soil Amendment
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 Crop Protection
8.2.1 Mark et Trends
8.2.2 Mark et Forecast
9 Market Breakup by Function
9.1 Foliar Spray
9.1.1 Mark et Trends
9.1.2 Mark et Forecast
9.2 Soil Treatment
9.2.1 Mark et Trends
9.2.2 Mark et Forecast
9.3 Seed Treatment
9.3.1 Mark et Trends
9.3.2 Mark et Forecast
9.4 Others
9.4.1 Mark et Trends
9.4.2 Mark et Forecast
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