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North America Agriculture Microbial Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – Type, Formulation, Function, Mode of Application, and Crop Type

North America Agriculture Microbial Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – Type, Formulation, Function, Mode of Application, and Crop Type

  • November 2022
  • 148 pages
  • ID: 6368962
  • Format: PDF
  • The Insight Partners

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The agriculture microbial in North America is expected to grow from US$ 2,883.52 million in 2022 to US$ 6,468.57 million by 2028. It is estimated to grow at a CAGR of 14.4% from 2022 to 2028.

Rising Concerns Regarding Sustainable Agriculture

According to the United Nations (UN), the world population is expected to reach 9.8 billion in 2050 and 11.2 billion in 2100. With the significantly increased population, the agriculture sector across the region has to double its food production by 2050 and reduce the reliance on inorganic fertilizers and pesticides. Thus, the growing population has surged the demand and added to concerns for food to feed the growing population. In recent years, food insecurity has been moderate, affecting just over 30% of the world’s population. According to the US Food and Agriculture Organization, around 720 to 811 people had to bear hunger in the world in 2020. The prevalence of undernourishment jumped from 8.4% in 2019 to around 9.9% in 2020.The growing food scarcity and the increasing population have fuelled the demand for sustainable and eco-friendly agricultural products. Agriculture microbial products are aiding numerous practices, such as soil improvement and crop protection. The uptake of these products offers various benefits, such as increased nutrient uptake, crop yield, and organic cultivation. Such benefits, coupled with the ever-growing population, have boosted their demand among consumers. Moreover, farmers are adopting efficient crop protection techniques due to increased urbanization and the shrinking of arable land. Thus, rising concerns for sustainable agriculture are fuelling the demand for agriculture microbial products, which, in turn, is contributing to the market.

Market Overview

The North America agriculture microbial market is segmented into the US, Canada, and Mexico.North America is one of the most significant regions for the agriculture microbial market due to increasing awareness about the benefits of using microbial in agriculture over synthetic chemicals.

The use of synthetic chemicals becomes ineffective as they develop pest resistance and harm the production of the crop. Agriculture microbial quickly decompose, even if they are applied in small quantities, which leads to lower exposure and prevents the environmental problems faced by synthetic chemicals.

North America Agriculture Microbial Market Revenue and Forecast to 2028 (US$ Million)

North America Agriculture Microbial Market Segmentation

The North America agriculture microbial is segmented into type, formulation ,function ,mode of application , and crop type and country.

Based on type, the market is segmented into bacteria, fungi, virus, and others.The bacteria segment registered the larger market share in 2022.

Based on formulation , the market is segmented into liquid and dry.The liquid segment held the larger market share in 2022.

Based on function , the market is segmented into crop protection and soil amendments.The crop protection segment held the larger market share in 2022.

Based on mode of application , the market is segmented into foliar spray, soil treatment, seed treatment, and post-harvest. The foliar spray segment held the largest market share in 2022. Based on crop type , the market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, and others .The fruits and vegetables segment held the largest market share in 2022. Based on country, the market is segmented into US ,Canada and Mexico. US dominated the market share in 2022. BASF SE ; Bayer AG ; Certis USA LLC ; Bio Works ; Novozymes A/S ; Chr. Hansen Holding A/S ; Syngenta Group ; Nufarm ; Koppert B.V, and Marrone Bio Innovations, Inc., are the leading companies operating in the agriculture microbial in the region.

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