The Bacteria Based Agricultural Microbials Global Market Report 2023, provides comprehensive information on the bacteria based agricultural microbials market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Bacteria Based Agricultural Microbials Market’s Growth:
As per The Business Research Company’s Bacteria Based Agricultural Microbials Global Market Report 2023, the market size is expected to grow from $3.32 billion in 2022 to $3.59 billion in 2023 at a compound annual growth rate (CAGR) of 8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global bacteria-based agricultural microbials market size is expected to reach $4.7 billion in 2027 at a CAGR of 7.0%.
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Strategic partnerships have emerged as a key trend gaining popularity in the bacteria-based agricultural microbial market. Major players operating in the bacteria-based agricultural microbials market are concentrating their efforts on establishing new partnerships to strengthen their position in the market. For instance, in January 2023, Indigo Ag, a US-based agricultural technology company, partnered with ISAOSA, a Mexico-based fertilizer distributor, to launch innovative microbial technology for increased nutrient use efficiency in Mexico. The microbial product Indigo 30, which is a member of Indigo’s biotrinsic range, increases corn crop yields. The new formulation will make it possible for Indigo 30 to be combined directly with fertilizer for the first time, greatly extending the product’s window of use for farmers. Furthermore, in April 2020, Syngenta, a Switzerland-based agrochemical company partnered with Novozymes, a Denmark-based biotechnology company to launch TAEGRO, a unique microbial technology to help farmers combat crop diseases and avoid significant yield losses. This partnership combines Novozymes’ in-depth expertise in sustainable biological solutions with Syngenta’s strength in the biocontrol sector on a worldwide scale and commitment to bringing new technologies to market.
The bacteria based agricultural microbials market is segmented:
1) By Type: Bacillus Thuringiensis, Rhizobium, Bacillus Subtilis, Other Types
2) By Formulation: Dry Formulation, Liquid Formulation
3) By Mode of Application: Soil Treatment, Foliar Spray, Seed Treatment
4) By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Turf And Ornamentals, Other Applications
North America was the largest region in the bacteria based agricultural microbials market in 2022.
The table of contents in TBRC’s bacteria based agricultural microbials market report includes:
1. Executive Summary
2. Bacteria Based Agricultural Microbials Market Characteristics
3. Bacteria Based Agricultural Microbials Market Trends And Strategies
4. Bacteria Based Agricultural Microbials Market – Macro Economic Scenario
5. Bacteria Based Agricultural Microbials Market Size And Growth
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26. Africa Bacteria Based Agricultural Microbials Market
27. Bacteria Based Agricultural Microbials Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bacteria Based Agricultural Microbials Market
29. Bacteria Based Agricultural Microbials Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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