The agricultural microbial global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Agricultural Microbial Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The agricultural microbial market size has grown rapidly in recent years. It will grow from $5.85 billion in 2023 to $6.75 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to growing demand for sustainable agriculture, regulatory support, increased farm productivity, concerns over pesticide residues.
The agricultural microbial market size is expected to see rapid growth in the next few years. It will grow to $11.87 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to continued emphasis on sustainability, climate change adaptation, organic farming growth, global food security, integrated pest management (ipm), emerging markets. Major trends in the forecast period include advancements in biotechnology, research and development, collaboration and partnerships, microbial consortia, microbiome research, digital agriculture.
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Scope Of Agricultural Microbial Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Agricultural Microbial Market Overview
Market Drivers –
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 will be adopted and practiced in 187 countries, and almost 72.3 million hectares of agricultural land will be maintained organically by almost 3.1 million farmers. Therefore, raising awareness about organic farming drives the agricultural microbials market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The agricultural microbial market covered in this report is segmented –
1) By Type: Bacteria, Fungi, Virus, Other Types
2) By Formulation: Dry Formulation, Liquid Formulation
3) By Function: Crop Protection, Soil Amendment
4) By Mode Of Application: Soil Treatment, Foliar Spray, Seed Treatment
5) By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Turf And Ornamentals
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Regional Insights –
North America was the largest region in the microbial agriculture market in 2023. The regions covered in the agricultural microbial market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the agricultural microbial market report are BASF SE, Syngenta AG, Koppert BV, Novozymes A/S, Bayer CropScience, Arysta Lifescience Limited, AgBiome LLC, Certis Usa LLC, Chr. Hansen A/S, BioAg Alliance, Marrone Bio Innovations, Monsanto Company, Corteva Agriscience, Valent BioSciences, Lallemand Plant Care, Camson Bio Technologies, Becker Underwood, BioConsortia Inc., Phyllom BioProducts Inc., Rizobacter Argentina S. A., Terramera Inc., BioWorks Inc., Biochimex S. A. S., BioForest Technologies Inc., Andermatt Biocontrol AG, Verdesian Life Sciences LLC, Metagenomics Inc., Qingdao Future Group, BioNovelus Inc.
Table of Contents
1. Executive Summary
2. Agricultural Microbial Market Report Structure
3. Agricultural Microbial Market Trends And Strategies
4. Agricultural Microbial Market – Macro Economic Scenario
5. Agricultural Microbial Market Size And Growth
…..
27. Agricultural Microbial Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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