According to the report by Expert Market Research (EMR), the global Agricultural Microbials Market Trends is projected to grow at a CAGR of 14.2% between 2023 and 2028. Aided by the rising demand for sustainable farming practices and the increasing application of microbials in various agricultural sectors, the market is expected to grow significantly by 2028.
Agricultural microbials consist of beneficial microorganisms such as bacteria, fungi, virus, and protozoa that improve crop health and productivity. They are often used as biofertilisers, biopesticides, and soil amendments in various crops, including cereals, oilseeds, and fruits and vegetables. These microorganisms play a crucial role in nutrient cycling, disease suppression, and plant growth promotion. Besides their ecological benefits, agricultural microbials offer farmers a sustainable and environmentally friendly alternative to synthetic agrochemicals, making them valuable for various agricultural applications.
The growing global preference for sustainable farming practices is significantly driving the agricultural microbials market growth. With increased awareness of the environmental and health implications of synthetic agrochemical use, there has been a notable shift towards eco-friendly and organic farming methods, leading to a surge in demand for microbial-based products. Furthermore, the rising trend of precision farming and increasing acceptance of integrated pest management (IPM) practices has contributed to the growing popularity of agricultural microbials.
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The broadening applications of agricultural microbials across various agricultural sectors also contribute significantly to the global agricultural microbials market development. In crop production, microbials are used to enhance nutrient uptake, suppress plant diseases, and increase stress tolerance. The livestock sector utilises microbials as feed additives to improve animal health and productivity. In addition, due to their ability to degrade environmental pollutants, agricultural microbials are increasingly used in bioremediation practices.
Moreover, the rising demand for organic food products in the food and beverage industry has led to increased attention on agricultural microbials as a vital tool for organic farming. With the continued growth of the organic food market and increasing consumer preference for chemical-free produce, agricultural microbials have emerged as a key component in organic crop production, further boosting the global agricultural microbials market expansion.
Agricultural Microbials Industry Definition and Major Segments
The market can be divided based on type, function, crop type, application, formulation, and region.
Market Breakup by Type
- Bacillus Spp.
- Rhizobium Spp.
- Trichoderma Spp.
- Mycorrhizal Fungi
Market Breakup by Function
- Soil Amendment
- Crop Protection
Market Breakup by Crop Type
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
Market Breakup by Application
- Foliar Spray
- Soil Treatment
- Seed Treatment
Market Breakup by Formulation
- Dry granules
- Water Dispersible Granules
- Emulsifiable Concentrates
- Suspension Concentrates
- Soluble Liquid Concentrates
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global agricultural microbials companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Corteva, Inc.
- Syngenta Crop Protection AG
- UPL India Ltd.
- Novozymes A/S
- Hansen Holding A/S
- Gowan Company, L.L.C. (Isagro S.p.A.)
- Koppert Biological Systems
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