According to a new market report by Lucintel, the future of the agricultural microbial market looks promising with opportunities in the seed treatment, soil treatment, foliar spray, and post-harvest markets. The agricultural microbial market is expected to grow with a CAGR of 14% from 2019 to 2024. The major drivers for this market are reduced development cost for microbials in comparison to conventional chemical pesticides, increasing number of organic farming practices, and growing demand for residue-free crop protection products.
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In this market, agriculture microbials are produced from natural based microorganisms such as bacteria, fungi, viruses, and protozoa. On the basis of comprehensive research, bacteria based microbials will remain the largest market over the forecast period because bacteria in agriculture are easily available in the surrounding environment and can be isolated and reproduced. It provides higher and healthy yields in a sustainable manner.
Within agriculture microbials market, cereals & grains, oilseeds & pulses, and fruits & vegetables are the major crop type where agriculture microbials are used. Fruit and vegetables will remain the largest market and it is also expected to witness the highest growth in the forecast period.
North America will remain the largest market over the forecast period due to requirement for high crop productivity, production with high quality, evolving agricultural practices; and precision farming.
BASF, Bayer, Monsanto BioAg, BioWorks, Dow DuPont, Syngenta, and Certis are among the major manufacturers of agricultural microbials.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the agricultural microbial market by mode of application, source type, crop type, and region. Lucintel has prepared a comprehensive research report titled "Agricultural Microbial Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the agricultural microbial market by mode of application, source type, crop type, and region as follows:
By Mode of Application [$M shipment analysis for 2013 – 2024]:
Seed Treatment
Soil Treatment
Foliar Spray
Post-Harvest
By Source Type [$M shipment analysis for 2013 – 2024]:
Bacteria
Bacillus spp.
Rhizobium spp.
Others (Enterobacteriaceae, Pasteuria, and Streptomyces)
Fungi
Trichoderma spp.
Mycorrhizae
Others (Penicillium, Aspergillus, and Lecanicillium)
Viruses
Protozoa
By Crop Type [$M shipment analysis for 2013 – 2024]:
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Other Crops (Sugar Crops, Forage, Turf, and Ornamentals)
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Germany
France
U.K.
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Indonesia
Rest of Asia Pacific
ROW
Brazil
Argentina
Saudi Arabia
Others
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/agricultural-microbial-market.aspx or helpdesk@lucintel.com.
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