Home Press Releases Agricultural Microbials Market Size Worth $24.86 Billion By 2032 | CAGR: 14.5%

Agricultural Microbials Market Size Worth $24.86 Billion By 2032 | CAGR: 14.5%

The global agricultural microbials market size is expected to reach USD 24.86 billion by 2032, according to a new study by Polaris Market Research. The report “Agricultural Microbials Market Share, Size, Trends, Industry Analysis Report, By Function (Soil Amendments and Crop Protection); By Type; By Formulation; By Mode of Application; By Crop Type; By Region; Segment Forecast, 2023 -2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Increasing awareness towards the utilization of synthetic chemicals and fertilizers has shown many detrimental and harmful effects on human health and the environment as well, so both government and private organizations are undertaking numerous efforts for the improvement of agricultural management practices, which is expected to drive the growth and demand for agricultural microbials worldwide. According to our findings, synthetic fertilizers are responsible for over 20% of global agricultural emissions. And synthetic nitrogen fertilizers are responsible for about 2.4% of global emissions, which cause several types of human diseases and impact the environment.

 

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Moreover, the growing need and demand for food products form an ever-growing global population, rising penetration of sustainable agriculture practices, and various concerns of consumers over environmental safety coupled with the rapidly growing trend of organic farming to achieve sustainability and innovation in crop protection products are anticipated to contribute to the market growth. For instance, in March 2022, Mosaic Company & BioConsortia signed a new agreement to develop and distribute nitrogen-fixing microbial products for wheat, corn, rice, and fruits & vegetables in India, China, Thailand, and Vietnam.

 

Agricultural Microbials Market Report Highlights

  • Soil amendments segment is projected to grow rapidly during the forecast period owing to high prevalence of integrated pest management practices across the globe.
  • Bacteria segment accounted for a high market share in 2022, which is accelerated by increased applications of bacteria in the formulation of biofertilizers
  • Liquid segment dominated the market with a healthy market share on account of its high convenience and prevalence among farmers
  • Foliar segment held the largest market revenue share in 2022 due to its ability to improve and enhance the overall plant health and faster uptake of nutrients
  • Fruits & vegetable segment is likely to witness significant growth during the anticipated period, which is accelerated by rising need and demand for organic fruits and vegetables as consumers become more health-conscious
  • North America dominated the global market, which is being driven by increasing research & development activities and high investment in technology advancements in the region
  • The global market players include BASE SE, FMC Corporation, UPL Ltd., Koppert Biological Systems, and AgriLife BioSolutions

 

Polaris Market Research has segmented the agricultural microbials market report based on function, type, application, mode of application, crop type, and region:

 

Agricultural Microbials, Function Outlook (Revenue – USD Billion, 2019 – 2032)

  • Soil Amendments
  • Crop Protection

Agricultural Microbials, Type Outlook (Revenue – USD Billion, 2019 – 2032)

  • Bacteria
  • Fungi
  • Protozoa
  • Virus

Agricultural Microbials, Formulation Outlook (Revenue – USD Billion, 2019 – 2032)

  • Liquid
  • Dry

Agricultural Microbials, Mode of Application Outlook (Revenue – USD Billion, 2019 – 2032)

  • Foliar Spray
  • Soil Treatment
  • Seed Treatment
  • Others

Agricultural Microbials, Crop Type Outlook (Revenue – USD Billion, 2019 – 2032)

  • Cereals and Grains
  • Oilseeds and Pulses
  • Fruits and Vegetables
  • Others

Agricultural Microbials, Regional Outlook (Revenue – USD Billion, 2019 – 2032)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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