Agricultural Microbials Market

Introduction: -

The agricultural microbes market represents an emerging agricultural sector driven by the growing demand for sustainable agricultural practices and eco-friendly solutions. Microbes, including bacteria, fungi and viruses, are used as beneficial agents that improve crop health, soil fertility and overall agricultural productivity. Their use includes various methods such as seed treatment, soil inoculation and foliar spraying, providing farmers with versatile solutions. Agricultural microbes promote natural processes and reduce dependence on chemical agents, promoting environmentally conscious agricultural practices. They strengthen soil health, fight plant pathogens and improve nutrition, promoting sustainable crop growth and reducing yield losses. Regulatory support and increasing awareness of their effectiveness is fueling market growth and attracting investment and innovation from established companies as well as emerging startups. The agricultural microbial market is at the forefront of sustainable agriculture and is poised to transform agricultural practices worldwide.

The global Agricultural Microbials Market value was 9.8 billion in 2024, it is Expected to Hit 24.02 billion by 2032 with CAGR of 10.3%

Market overview: -

Agricultural microbes are microorganisms used in various agricultural practices to improve crop productivity and crop quality. These include bacteria, archaea, yeasts, molds, algae, protozoa and viruses. They improve crop resistance to temperature, ultraviolet (UV) radiation, salinity, flooding, drought, and damage from insects, herbivores, nematodes, fungi, bacteria or weeds. They help increase rhizobacteria's support for plant growth by providing various nutrients such as phosphorus and nitrogen. They also help balance plant hormones, produce compounds that protect against stress and reduce various plant diseases. The agricultural microbes are widely used to maintain fertility and improve soil quality.

Agricultural Microbials Market

Size, by Product, - (USD Billion)

Biofertilizers

Biopesticides

Bio stimulants

Others

Other Products

The Market will Grow

At the CAGR of:

10.3%

The Forecast Market

Size for in USD:

$24.02 billion

Key market Growth factor: -

Key growth factors driving the agricultural microbes market include increasing demand for sustainable agricultural practices, increasing awareness of environmental issues, and regulatory support for bio-based agricultural solutions. Microbes offer benefits such as better soil health, better crop tolerance and less reliance on chemicals. Additionally, advances in biotechnology and microbial research are driving the development of new microbial products, which is fueling market expansion. The search for ecological and efficient agricultural solutions will further fuel the growth of the agricultural microbe’s market.

Research methodology: -

Research methodology in the agricultural microbial sector involves systematic data collection, analysis, and interpretation to support decision-making.

Key steps include conducting a literature review to understand trends and challenges, collecting primary and secondary data, sampling to ensure representation, and analyzing data using statistical tools and qualitative methods.

The findings are then interpreted in the context of research objectives and industry trends, with comprehensive reports or presentations prepared for stakeholders.

This methodology often follows an iterative process, with initial results informing subsequent data collection and analysis for continuous improvement and validation of research findings in the market.

Agricultural Microbials Market

Share, by end user, (USD Billion)

9.8 billion%

Seed Treatment

Soil Treatment

Foliar Spray

Irrigation

Other End-Users

24.02 billion

Total Market Size

USD (Billion),

10.3%

CAGR

-

Some Major Key Players: -

• Dow AgroSciences LLC (U.S.)
• BASF SE (Germany)
• Certis U.S.A. LLC (U.S.) 
• Novozymes A/S (Denmark)
• Sumitomo Chemical Company Ltd. (Japan)
• Nufarm Ltd. (Australia)
• Bayer CropScience AG (Germany)
• Syngenta AG (Switzerland)
• Koppert B.V. (Netherlands)

Market segmentation: -

By types

• Biofertilizers
• Biopesticides
• Bio stimulants
• Others

By application

• Seed Treatment
• Soil Treatment
• Foliar Spray
• Irrigation

By region

• North America
• Europe
• Asia Pacific
• Latin America

• Middle East and Africa

  Agricultural Microbials Market

  Size, by Product, - (USD Billion)

  The Market will Grow

  At the CAGR of:

  10.3%

  The Forecast Market

  Size for in USD:

  $24.02 billion

  

Market Trends: -

Growing awareness among the masses about the benefits of using agricultural microbes in agriculture, such as decomposition of organic matter, recycling of old agricultural material and improvement of plant health, is one of the factors driving the market. In addition, there is a growing demand for sustainable agricultural practices to maintain soil quality, reduce soil erosion and conserve fresh water. This along with the growing agricultural industry is contributing to the growth of the market. In addition, increasing demand for organic agriculture to reduce the risk of environmental pollution and greenhouse gas emissions offers profitable growth opportunities for industrial investors. Furthermore, increasing investments by major market players to deploy automated greenhouses with the most innovative, sustainable and technologically advanced crop protection solutions will positively impact the market. In addition, increasing demand for liquid formulations of agricultural microbes due to their ease of use is driving the market growth. In addition, increasing demand for agricultural microbes that enhance nitrogen fixation, promote shoot and root growth, and control plant diseases will support market growth.

Restraints: - 

Several constraints are challenging the growth trajectory of the agricultural microbes market. Regulatory barriers and registration processes for microbial products significantly hinder market access, which hinders innovation and product development. In addition, implementation is hindered by farmers' limited awareness and understanding of the effectiveness and benefits of microbe-based solutions. Market expansion is also hindered by concerns about the consistency and reliability of microbial products and compatibility with existing agricultural practices. In addition, economic factors such as high production costs and competitive pressures from chemical alternatives further hinder the widespread adoption of agricultural microbes.

Agricultural Microbials Market TO (USD BN)

CAGR OF

10.3%

Agricultural Microbials Market

24.02 billion%

Opportunities: -

The agricultural microbe market offers many opportunities for growth and innovation. The growing demand for sustainable agriculture and environmentally friendly solutions creates a favorable environment for microbe-based products. Advances in biotechnology and microbial research offer opportunities to develop new and more efficient microbes. In addition, increased regulatory support for bio-based agricultural solutions is encouraging investment and market expansion. Educating farmers about the benefits and effectiveness of microbial products can increase adoption. In addition, a growing market share in emerging economies, where more and more emphasis is placed on sustainable agriculture, offers profitable opportunities for companies operating in the field of agricultural microbes.

Recent development: -

Syngenta opens rights to genome-editing and breeding technologies to boost agricultural innovation.

Basel / Switzerland, April 2, 2024 Syngenta AG, a wholly-owned subsidiary of Syngenta Group, published its 2023 full year results today.