Report Code: A12621 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Agricultural Microbial Market
Request Now !Agricultural Microbial Market Outlook – 2030
Agricultural microbial market is expected to witness rapid growth in the future. Agricultural microbial refers to the microorganisms used in agriculture to enhance crop productivity and quality of yield. Microbial inoculants used in agriculture have target specific functions, and thus, are suitable for use in various crops. Agricultural microorganisms are the naturally occurring substances such as molds and bacteria that also supply nutrients such as phosphorous and nitrogen to plants. Microbes live in the soil and have close association with plants and together, they form microbiomel. Microbes include bacteria, fungi, virus, and protists among others. They can boost growth of the plant as by improving access to supplements. Many microbes are beneficial as they can help in decomposition of organic matter, recycling of old agricultural material, offer phosphorus or nitrogen as nutrients and provide benefits such as heat and drought tolerance along with resistance to insects and plant diseases. Agricultural microbials could prove to be essential for holistically improving plant health and enhancing crop productivity through economical solutions while controlling disease outbreak, bettering soil health condition, and refining the nutrient transportation process. The increasing awareness about the benefits of using agricultural microbials is expected to increase the agricultural microbials market demand. Agricultural microorganisms such as bacteria, viruses, and fungi enhance plant growth and protection and improve soil conditions.
COVID-19 Impact Analysis
Top Impacting Factor
The growing need to feed an ever-growing global population, coupled with the increasing demand for sustainable agricultural practices and the concern of the general public over environmental safety is one of the leading drivers for the agricultural microbial market. An increase in urbanization and less availability of arable land are motivating farmers to adopt efficient crop-protection techniques. There has been a broader acceptance and recognition of the increasing benefits of microbial products. With the amount of arable land per person declining and the expansion of population, global crop yields must increase to meet the food production needs. As a result, an increase in the demand for microbial products and agricultural production is being witnessed. The high demand for microbial to achieve sustainable crop intensification is expected to favor market growth. However, the lack of awareness and low commercialization of biologicals has hampered the agricultural microbial market. Agricultural microbial have high application cost and due to delayed effects of microbial inoculants as compared to conventional chemical agrochemical the use of agricultural microbial is restricted. The storage-stability of microbial hinders their effective utilization as they have low on-seed survival rates. Hence, the farmers often refrain from using microbes. The promising growth potential of organic agriculture practices is anticipated to provide opportunity to the growth of the agricultural microbial. This is also expected to drive natural plant growth regulators and crop protection products in the forthcoming years. The benefit of organic farming on health of user and the growing awareness about organic farming is expected to provide opportunity for agricultural microbials.
Market Trend
Key Benefits of the Report
Questions answered in the Agricultural Microbial Report
Agricultural Microbial Market Report Highlights
Aspects | Details |
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By Type |
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By Formulation |
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By Application Method |
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By Function |
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By Crop |
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By Region |
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Key Market Players | Koppert B.V., Dow AgroSciences LLC, Mitsubishi Shoji Foodtech Co., Ltd., Bayer CropScience AG, Sumitomo Chemical Company, Ltd., BASF SE, Nufarm Ltd., Novozymes A/S, AgBiome LLC, Syngenta AG |
Others |
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