Enjoy complimentary customisation on priority with our Enterprise License!
The Agricultural Microbials Market is projected to grow by USD 4.3 billion with a CAGR of 14.19% during the forecast period 2021 to 2026.
This agricultural microbials market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the agricultural microbials market segmentations by crop type (cereals and grains, oilseeds and pulses, fruits and vegetables, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The agricultural microbials market report also offers information on several market vendors, including AgBiome Inc., AGRICULTURE SOLUTIONS INC., Arysta LifeScience Corp., BASF SE, Bayer AG, Biomar Microbial Technologies, Certis Usa LLC, Chr Hansen Holding AS, Corteva Inc., Emnz, Isagro Spa, Koppert Biological Systems, Lallemand Inc., LOCUS AG SOLUTIONS, Marrone Bio Innovations Inc., Novozymes AS, Sumitomo Chemical Co. Ltd., Syngenta Crop Protection AG, UPL Ltd., and Verdesian Life Sciences LLC among others.
Download Report Sample to Unlock the Agricultural Microbials Market Size for the Forecast Period and Other Important Statistics
The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the agricultural microbials market.
Key Agricultural Microbials Market Driver
The growing adoption of organic farming is one of the key factors driving the global agricultural microbials market growth. The increasing global population puts considerable pressure on land and various other natural resources. The accelerated rate of crop production leads to rapid loss of plant nutrients, thereby impacting the nutrient content in crops. Thus, most farmers resort to the use of various chemicals and inorganic fertilizers to help replenish the loss of nutrients. However, the excessive use of chemical fertilizers has been found to diminish biological activities in the soil, leading to impaired soil quality. As a result, farmers are gradually moving toward more sustainable farming options, such as organic farming. Government initiatives also support organic farming. For instance, in India, the NMSA (National Mission for Sustainable Agriculture) started the Paraphragmata Krishi Vikas Yojana, which promotes the commercial production of crops through certified organic farming. This project further aims to achieve pesticide residue-free agricultural produce. Such initiatives will encourage farmers to adopt practices involved in organic farming, such as using agricultural microbials. Such factors will thus lead to market growth during the forecast period.
Key Agricultural Microbials Market Trend
Global initiatives to improve agricultural output will fuel the global agricultural microbials market's growth. The ever-rising global population has increased the emphasis on food safety and security by global organizations. For instance, the FAO works on projects for the sustainable management of natural resources to ensure that agriculture contributes its full potential to national economies. Under its Regional Initiative, the FAO assists countries in managing their natural resources sustainably while coping with climate change and reducing the risk of disasters affecting agriculture, forestry, and fisheries. The FAO implements targeted projects and provides funding through sources such as the Green Climate Fund (GCF) and the Global Environment Facility (GEF). the Bill and Melinda Gates Foundation, and The Rockefeller Foundation. The United States Agency for International Development (USAID) announced a strategic partnership to increase incomes and improve the food security of smallholder farm households in many African countries in 2021. Such strategic partnerships for agricultural operations across Africa will create growth opportunities for the agricultural microbials market during the forecast period. Increasing agricultural operations and output will require authorities to ensure that the products adhere to quality standards. As a result, the global demand for agricultural microbials will increase during the forecast period.
Key Agricultural Microbials Market Challenge
The issues with product affordability are the major challenge to the global agricultural microbials market growth. High-quality agricultural microbials are widely available in most developed countries. However, agricultural microbials are neither affordable nor accessible in developing countries of South America and Africa, where the demand for crop production is high. In addition, these countries face other challenges, such as the low purchasing power of farmers. Hence, the obstacles to the implementation of these practices have far-reaching consequences and can adversely influence the overall agricultural productivity in these countries. Furthermore, in developing countries, price sensitivity acts as a major barrier and restricts farmers from procuring agricultural microbials. For instance, farmers in low-and middle-income economies of South America and Africa often have insufficient information or knowledge about advanced organic farming products and thus tend to opt for traditional microbials. Hence, unless farmers are convinced about gaining substantial savings in the cost of production through the reduced usage of chemical fertilizers and getting similar yields, bio-fertilizer manufacturers will probably not be able to encourage them to use agricultural microbials.
This agricultural microbials market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global agricultural microbials market as a part of the global fertilizers and agricultural chemicals market within the overall global chemical industry. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the agricultural microbials market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the agricultural microbials market encompasses successful business strategies deployed by the key vendors. The agricultural microbials market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.
Our report provides extensive information on the value chain analysis for the agricultural microbials market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global fertilizers and agricultural chemicals market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
For more insights on the market share of various regions Request PDF Sample now!
35% of the market’s growth will originate from North America during the forecast period. The US is the key market for the agricultural microbials market in North America. Market growth in this region will be slower than the growth of the market in other regions.
The growing adoption of organic farming will facilitate the agricultural microbials market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, industrial activities in this region witnessed a hit owing to the outbreak of COVID-19. Stringent lockdowns and social distancing regulations led many business owners to shut down their facilities temporarily. As a result, manufacturers of agricultural microbials faced difficulties in manufacturing. But the impact was not that big since a significant number of people in the region are involved in agricultural activities, especially in the US and Canada. Also, the rural areas in many countries in this region were less affected by the pandemic. Thus, people were regularly involved in farming activities. Furthermore, as the market has many local players, the supply chain is largely localized and was not much disrupted due to the COVID-19-related restrictions. All these factors will thus drive the agricultural microbials market in the region during the forecast period.
To gain further insights on the market contribution of various segments Request a PDF Sample
The agricultural microbials market share growth in the cereals and grains segment will be significant during the forecast period. Farmers are being encouraged to implement effective crop-protection methods owing to rising urbanization and the dwindling availability of arable land. More people now acknowledge and recognize the increasing advantages of microbes in agricultural activities. As a result, there is a rise in both agricultural production and the demand for microbial solutions.
This report provides an accurate prediction of the contribution of all the segments to the growth of the agricultural microbials market size and actionable market insights on the post-COVID-19 impact on each segment.
Agricultural Microbials Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.19% |
Market growth 2022-2026 |
$4.3 billion |
Market structure |
Fragmented |
YoY growth (%) |
12.88 |
Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, China, Germany, France, and Spain |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
AgBiome Inc., AGRICULTURE SOLUTIONS INC., Arysta LifeScience Corp., BASF SE, Bayer AG, Biomar Microbial Technologies, Certis Usa LLC, Chr Hansen Holding AS, Corteva Inc., Emnz, Isagro Spa, Koppert Biological Systems, Lallemand Inc., LOCUS AG SOLUTIONS, Marrone Bio Innovations Inc., Novozymes AS, Sumitomo Chemical Co. Ltd., Syngenta Crop Protection AG, UPL Ltd., and Verdesian Life Sciences LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.