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Agricultural Microbial Global Market Report 2022

Agricultural Microbial Global Market Report 2022

  • June 2022
  • 175 pages
  • ID: 6284350
  • Format: PDF
  • The Business Research Company


Table of Contents

Major players in the agricultural microbial market are BASF SE, Syngenta AG, Koppert BV, Novozymes A/S, Taxon (Dupont), Bayer CropScience, Arysta Lifescience Limited, AgBiome LLC, Certis Usa LLC, Chr. Hansen A/S, BioAg Alliance, Marrone Bio Innovations, Monsanto Company, Corteva, and IsAgro.

The global agricultural microbial market is expected to grow from $4.25 billion in 2021 to $5.06 billion in 2022 at a compound annual growth rate (CAGR) of 19.2%. The agricultural microbial market is expected to reach $8.84 billion in 2026 at a CAGR of 15%.

The agricultural microbial market consists of sales of agricultural microbials by entities (organizations, sole traders, and partnerships) that include microbes such as fungi, bacteria, and viruses which are used in agricultural farming.Agricultural microbes are the soil microorganisms that are essential for decomposing organic matter and recycling old plant material.

They offer numerous advantages, including drought tolerance, heat tolerance, insect resistance, and plant disease resistance.

The main types of agricultural microbial are bacteria, fungi, virus, and others.The microbial are formulated through dry and liquid formulation and are used for crop protection and soil amendment.

Bacteria is a type of soil microorganism that helps in the transformation of the soil.These are also used as a biofertilizer for crop production so as to produce the yield organically.

The various mode of applications includes soil treatment, foliar spray, and seed treatment that are applied in different crops such as cereals and grains, oilseeds and pulses, fruits and vegetables, turf, and ornamentals.

North America was the largest region in the agriculture microbial market in 2021. The regions covered in the agricultural microbial report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Rising awareness about organic farming is expected to propel the growth of the agricultural microbial market going forward.Organic farming is a type of farming that does not use chemical pesticides, fertilizers, or other additives in farming.

Organic farming makes use of a varied community of microorganisms to protect plants from illness and maintain soil health and productivity. For instance, according to the United States food and agriculture organization, in 2021, organic agriculture is adopted and practiced in 187 countries and almost 72.3 million hectares of agricultural land are maintained organically by almost 3.1 million farmers. In addition, the sales of organic food reached revenues of more than $115.49 billion (106 billion euros) in 2019 globally. Therefore, raising awareness about organic farming drives the agricultural microbials market.

Increasing investments have emerged as a key trend gaining popularity in the agricultural microbial market.Major companies operating in the agricultural microbial sector are focused on investments to develop new technologies and products.

For instance, in February 2021, ADM, US-based nutrition, agricultural origination, and processing company announced a significant equity investment in Acies Bio, a biotechnology firm established in Slovenia that specializes in research and development as well as manufacturing services for developing and expanding synthetic biology and precision fermentation technologies for use in food, agriculture, and industry. This investment will enable ADM to move forward with precision microbial fermentation activities more quickly by leveraging Acies Bio’s considerable microbial expertise and contract manufacturing services.

In October 2020, Syngenta Group, a Switzerland-based Agrochemical company acquired Valgaro SpA for an undisclosed amount.The acquisition strengthens Syngenta Group’s objective of providing farmers with the more complimentary product and technology options, as well as its commitment to making agriculture more resilient and sustainable.

Volagro SpA is an Italy-based biological company that provides agriculture microbials.

The countries covered in the agricultural microbial market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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