Agricultural Microbial Market Emerging Trends 2022-28
The global agricultural microbial market size was valued at USD 3,247.4 million in 2021 and is poised to grow at a significant CAGR of 13.4% during the forecast period 2022-28. Agricultural microorganisms are microorganisms that are employed in agriculture to improve crop productivity and yield quality. Agriculture's microbial inoculants have target-specific actions, making them appropriate for usage in a variety of crops. They are made up of microorganisms including bacteria, fungus, and viruses that are helpful in agricultural operations like crop protection and soil enhancement. Microbes are a key constituent in a variety of biostimulants that assist increase crop yields. They have recently emerged as a viable alternative to synthetic agrochemicals. Furthermore, they exhibit functional superiority that promotes crop development by promoting nutrient uptake and raising soil fertility by complementing the soil microbiota.
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The need to feed an ever-increasing worldwide population, as well as the growing demand for sustainable farming techniques, is one of the primary drivers for the Agricultural Microbials Market, as is public concern about environmental safety. One of the main incentives for the use of microbial products is the general public's preference for public health over environmental safety. The need for crop intensification while pursuing progressively sustainable methods, finding biological options to boost productivity with less environmental impact, or adding to integrated techniques to close the yield gap are all driving demand for microbial. Farmers are being pushed to use more efficient crop-protection systems as urbanisation and the quantity of arable land decrease. Aside from the numerous advantages of agricultural microbes, they are known to have lower adoption rates than synthetic chemicals. This is frequently due to a lack of understanding and limited commercialisation of biologicals. In addition, there are significant issues associated with the usage of microorganisms and the manner in which they are applied. These issues will stifle the market's expansion.
The global agricultural microbial market segmentation:
1) By Microbe Type: Bacteria, Fungi, Virus, and Protozoa.
2) By Function: Soil Amendment and Crop Protection.
3) By Mode of Application: Soil Treatment, Foliar Spray, and Seed Treatment.
4) By Crop Type: Cereals and Grains, Oilseeds, Fruits and Vegetables, and Others.
The market is being driven by the North American area. Organic agricultural techniques, farm conversions from traditional to organic, and the creation of fresh biological solutions through research are all on the rise in the region. Due to strict regulations for chemical catalysts and rising demand for organic food, the North America region continues to lead the agricultural microbial market and will continue to do so during the projection period.
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Some of the major key players in the Agricultural Microbial Market are BASF SE, Koppert BV, BioAg Alliance (Monsanto/Novozymes), Syngenta AG, Certis USA LLC, Lallemand Plant Care, Precision Laboratories LLC
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