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Global agricultural microbials market is expected to rise from its initial estimated value of USD 3.54 billion in 2018 to an estimated value of USD 10.10 billion by 2026, registering a CAGR of 14.02% during the forecast period of 2019-2026. This rise in market value can be attributed to the increasing demand of organic farming practices and rising need of residue-free crop protection items.
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Key Market Competitors: Global Agricultural Microbials Market
- Bayer AG
- BASF SE
- Certis USA LLC
- Marrone Bio Innovations
- Valent BioSciences LLC
- Arysta LifeScience Corporation
- Koppert B.V.
- Sumitomo Chemical Co. Ltd.
- Chr. Hansen Holding A/S
- LALLEMAND Inc.
- Verdesian Life Sciences
- Indigo Ag Inc.
- Precision Laboratories LLC
- Monsanto Company and others
Key Developments in the Market:
- In March 2018, Syngenta entered into an agreement for acquiring Strider which is a Brazilian AgTech company. This strategy would reinforce the Syngenta’s digital agricultural vision.
- In September 2017, Ginkgo Bioworks and Bayer CropScience AG teamed up for focusing on the growth of plant microbiome by making nitrogen fertilizer available for plants.
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Table of Contents-Snapshot
– Executive Summary
Chapter 1 Industry Overview
Chapter 2 Industry Competition by Manufacturers
Chapter 3 Industry Production Market Share by Regions
Chapter 4 Industry Consumption by Regions
Chapter 5 Industry Production, Revenue, Price Trend by Type
Chapter 6 Industry Analysis by Applications
Chapter 7 Company Profiles and Key Figures in Industry Business
Chapter 8 Industry Manufacturing Cost Analysis
Chapter 9 Marketing Channel, Distributors and Customers
Chapter 10 Market Dynamics
Chapter 11 Industry Forecast
Chapter 12 Research Findings and Conclusion
Chapter 13 Methodology and Data Source
Market Drivers & Restraints:
- Increasing number of organic farming techniques is driving the market growth
- Target specificity related with microbial pesticides is also expected to boost the market growth
- Lower shelf life of microbes is expected to restrain the market demand
- Lower adoption rate and high application costs of microbials is also expected to hamper the market growth
Segmentation: Global Agricultural Microbials Market
- By Type
- Bacillus spp.
- Rhizobium spp.
- Trichoderma spp.
- By Function
- Crop protection
- Soil amendment
- Crop protection
- By Crop Type
- Cereals & grains
- Oilseeds & pulses
- Fruits & vegetables
- Other crops
- Sugar crops
- By Application
- Seed treatment
- Soil treatment
- Foliar spray
- By Formulation
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
Competitive Analysis: Global agricultural microbials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of agricultural microbials market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.