Market Overview:
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.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 9.6 Billion |
Market Forecast in 2032
|
US$ 23.9 Billion |
Market Growth Rate 2024-2032 |
10.3% |
Agricultural microbials are microorganisms that are used in various agricultural practices to improve crop productivity and quality of yield. They comprise bacteria, archaea, yeasts, molds, algae, protozoa, and viruses. They enhance the ability of crops to resist temperature, ultraviolet (UV) radiation, salinity, floods, drought, and damage caused by insects, herbivores, nematodes, fungi, bacteria, or weeds. They assist in increasing rhizobacterial promotion of plant growth by providing various nutrients, such as phosphorous and nitrogen. They also aid in balancing plant hormones, producing stress-protective compounds, and reducing various plant diseases. In addition, agricultural microbials are widely used to maintain fertility and improve the quality of the soil.
Agricultural Microbial Market Trends:
The growing awareness among the masses about the benefits of using agricultural microbials in farming, such as the decomposition of organic matter, recycling of old agricultural material, and improving plant health, represents one of the key factors driving the market. Besides this, there is a rise in the demand for sustainable agricultural practices to maintain soil quality, reduce soil erosion, and preserve fresh water. This, along with the burgeoning agriculture industry, is contributing to the growth of the market. In addition, the escalating demand for organic farming to reduce the risk of environmental pollution and greenhouse gas emissions is offering lucrative growth opportunities to industry investors. Moreover, increasing investments by key market players to introduce automated greenhouse facilities with the most innovative, sustainable, and technically advanced crop protection solutions are positively influencing the market. Apart from this, the rising demand for the liquid formulation of agricultural microbials due to their ease of application is propelling the growth of the market. Additionally, the escalating demand for agricultural microbials to enhance nitrogen fixation, promotion of shoot and root growth, and disease control in plants are bolstering the growth of the market.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global agricultural microbial market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, formulation, application method, function and crop type.
Breakup by Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Bacteria
- Fungi
- Virus
- Others
Breakup by Formulation:
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:
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- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Type, Formulation, Application Method, Function, Crop Type, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
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 |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |