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A12621 | Pages: 300 | Charts: 65 | Tables: 280 |
Agricultural Microbial Market Research, 2033
The global agricultural microbial market was valued at $7.1 billion in 2023, and is projected to reach $27.7 Billion by 2033, growing at a CAGR of 14.7% from 2024 to 2033.
Market Introduction and Definition
Agricultural microbials refer to a diverse group of microorganisms, including bacteria, fungi, viruses, and protozoa, that are used in agriculture to enhance plant growth, improve crop yields, and manage agricultural pests and diseases. These beneficial microbes can be naturally occurring or genetically engineered and are often applied through soil amendments, seed treatments, or foliar sprays. Agricultural microbials play a crucial role in sustainable farming practices by promoting plant health, reducing the need for chemical fertilizers and pesticides, and contributing to environmental conservation.
One of the primary applications of agricultural microbials is in improving soil health and fertility. Soil microorganisms such as nitrogen-fixing bacteria (e.g., Rhizobium species) and mycorrhizal fungi establish symbiotic relationships with plants, enhancing nutrient uptake and promoting robust plant growth. Nitrogen-fixing bacteria convert atmospheric nitrogen into a form that plants utilize, significantly reducing the need for synthetic nitrogen fertilizers. Mycorrhizal fungi extend the root system of plants, allowing them to access water and nutrients more efficiently. These interactions not only improve crop yields but also enhance soil structure and fertility over time, promoting sustainable agricultural practices.
Agricultural microbials are integral to organic farming systems, where synthetic chemicals are restricted or prohibited. Organic farmers rely on microbial inoculants to maintain soil fertility, manage pests and diseases, and promote plant health. Products such as compost teas, microbial biofertilizers, and biopesticides are commonly used in organic farming practices. For instance, mycorrhizal fungi inoculants are applied to enhance nutrient uptake in organic vegetable production, while microbial-based compost teas are used to suppress soil-borne diseases and improve soil microbial diversity. The use of agricultural microbials in organic farming aligns with the principles of ecological sustainability and biodiversity conservation.
Key Takeaways
The agricultural microbials industry covers 20 countries. The research includes a segment analysis of each country in terms of value for the projected period.
The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of the global agricultural microbial market overview and to assist stakeholders in making educated decisions to achieve their growth objectives.
Over 2, 200 product literature, annual reports, industry statements, and other comparable materials from major industry participants were reviewed to gain a better understanding of the agricultural microbials market size.
The agricultural microbials market share is highly fragmented, with several players including Bayer AG, BASF SE, Syngenta AG, Corteva, Novozymes A/S, Dow, Marrone Bio Innovations, Certis USA L.L.C., Valent U.S.A., and BioWorks, Inc. Also tracked key strategies such as acquisitions, product launches, mergers, and expansion of the players operating in the agricultural microbials market growth.
Key Market Segments
Key Market Players