Agricultural Microbials Market, By Type (Fungi, Bacteria, Virus, and Others), By Formulation (Dry and Liquid), By Application Method (Soil Amendment and Crop protection), By Function (Foliar Spray, Soil Treatment, Seed Treatment, and Others), By Crop (Cereals, Oilseeds & Pulses, Fruits & Vegetables, and Others), By Region – Global Analysis Forecast Till 2030

The Global Agricultural Microbials Market size was estimated at USD 6.2 Billion in 2021 and is expected to hit around USD 16.32 Bn by 2030, projected to grow at a CAGR of 14.8% during the forecast period 2022 to 2030.

Future predictions indicate that the Agricultural Microbials market will expand quickly. Agricultural microbes are microorganisms that are employed in agriculture to improve crop productivity and yield quality. A variety of crops can be employed using microbial inoculants since they have target-specific activities. Agriculture microorganisms are the naturally occurring moulds and bacteria that also provide plants with nutrients like phosphorus and nitrogen. In the soil, where they coexist closely with plants, microbes live and form microbiomel. Among other things, microbes include bacteria, fungus, viruses, and protists. By facilitating access to nutrients, they can accelerate plant growth.

Numerous bacteria are advantageous because they can aid in the breakdown of organic matter, recycle used agricultural materials, give phosphorus or nitrogen as nutrients, and offer advantages including heat and drought tolerance as well as resistance to insects and plant diseases. Agricultural microbials may prove to be crucial for raising crop output and holistically enhancing plant health while reducing the spread of disease, enhancing soil health, and optimising the process of transporting nutrients. The global demand for agricultural microbes is anticipated to rise as awareness of the advantages of employing them grows. Bacteria, viruses, and fungus are examples of agricultural microorganisms that improve soil quality while promoting plant development and protection.

Market Dynamics

Drivers:

Plant diseases and pests are more common because of the accelerated changes in climate. Crop output and insect susceptibility are greatly influenced by the climate's ongoing changes. The overall crop output is significantly impacted by climate change because it makes crops more vulnerable to various diseases and pests. As a result, climate change not only causes a departure in farming methods but also lower crop output. These issues have increased farmers' reliance on premium crop protection solutions for efficient pest avoidance, which will drive the market demand for biocontrol during the coming years.

Climate change is one of the primary drivers of the emergence of biotic and abiotic stress, making agricultural expansion and climate change aspects that are inextricably linked. On plant growth and agriculture as a whole, this has had a negative effect. Various factors, such as average temperature, changes in weeds, heat waves, pests, or microbes, global changes in atmospheric CO2 or ozone levels, variations in annual rainfall, and changes in sea level, are just a few of the ways that changing climate conditions have impacted agricultural activities. Extreme environmental circumstances and climatic changes raise the possibility of abiotic stress and have an increasing effect on the insect life cycle.

Restraints:

Agrarian methods benefit in numerous ways from the usage of microbes. They do, however, have drawbacks that may restrict how effective they are. The saturation of salts and nutrients in the soil can also result from the widespread and prolonged usage of microbials. Additionally, in order to create effective microorganisms, filamentous fungi, yeast, lactic acid bacteria, and other soil bacteria are used in the procedure. Effective microorganisms have a shelf life of only three months; after that, it has been observed that the quantity of viable microorganisms decreases from what it was in the first 60–75 days of storage.

Because they are naturally existing organisms, microbials are very easily impacted by a variety of biotic and abiotic elements in farm fields. Their field effectiveness may suffer as a result and decline or become inactive.

Opportunity:

Strong companies like BASF SE, Bayer CropScience, Monsanto, and Sumitomo Chemicals are present in the agricultural microbials market, and they are investing more through research and organic and inorganic strategies to improve their biological product portfolio. Other notable companies in the sector include Monsanto and Sumitomo Chemicals. The agricultural microbials market is expected to increase as a result of these initiatives. To handle six distinct formulation methods, for instance, BASF created a multipurpose facility in 2020. Farmers throughout the rapidly expanding Asia Pacific area will be able to purchase the company's unique crop protection products from the facility. In addition, BASF and Vipergen, a pioneer in worldwide research services, teamed together in October 2021 to use technology to more effectively and swiftly find new active ingredients for sustainable crop protection products.

Key players:

• Syngenta AG

• BASF SE

• Novozymes A/S

• Dow AgroSciences LLC

• Sumitomo Chemical Company Ltd.

• Nufarm Ltd.

• Bayer CropScience AG

• Koppert B.V.

• AgBiome LLC

• Mitsubishi Shoji Foodtech Co. Ltd.

Market Segmentation:

Agricultural Microbials Market, By Type

• Bacteria

• Fungi

• Virus

• Others

Agricultural Microbials Market, By Formulation

• Dry

• Liquid

Agricultural Microbials Market, By Application Method

• Soil Amendment

• Crop Protection

Agricultural Microbials Market, By Function

• Foliar Spray

• Soil Treatment

• Seed Treatment

• Others

Agricultural Microbials Market, By Crop

• Cereals

• Oilseeds & Pulses

• Fruits & Vegetables

• Others

Agricultural Microbials Market, By Region

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa (MEA)

Regional Analysis:

Out of the world's organic agriculture land, the North American region is home to about 5% of it, according to the FiBL report from 2018. One of the biggest marketplaces for organic goods in the world is in North America. Agriculture-related products made up 39% of US sales of organic foods in 2020, according to the Nutrition Business Journal. One of the key factors contributing to this is the use of microbes in crop farming. According to the Environmental Working Group, American consumers spent a combined total of USD 20.4 billion on fresh and frozen organic fruits and vegetables in 2020, making up 15% of all fruits &  vegetables sold in the country.

In 2019, demand for organic goods was highest in the US. It has been observed that the misuse of synthetic fertilisers has caused a degradation of crucial soil properties in the nation. It has been discovered that using biological nitrogen fixation by rhizobium-legume symbioses is a more cost-effective and ecologically friendly option than using chemical fertilisers on legume crops. Therefore, the US market for microbial pesticides is driven by the high selectivity of microbial insecticides and fungicides toward pests and fungus.

Scope of the Report:

User

Tab Content