Agricultural Microbial Market is estimated to be US$ 31.0 billion by 2032 with a CAGR of 14.4% over the forecast period (2022-2032)
Agricultural Microbial Market is estimated to be US$ 31.0
billion by 2032 with a CAGR of 14.4% over the forecast period (2022-2032)Nematodes
are worms which lives inside or around the plant. Some nematodes are beneficial
as they eat pathogenic nematodes and secrete nutrients to plants. Protozoa are
large microbes which are surrounded by bacteria. Nutrients eaten by bacteria
are released when protozoa eats the bacteria in return. Protozoans play an important role in
maintaining fertility of soil. By grazing on soil bacteria protozoans helps in
regulating population of bacteria and maintaining them in active growing state.
Protozoans enhance the rate at which bacteria helps in decomposing the dead
organic matter. Protozoans helps in increasing fertility of soil by regulating
and feeding bacterial population and also help with composting. Ciliates are
largest type of protozoa which increases fertility of soil. Protozoa are active
in rhizosphere near roots. Nitrogen fixing bacteria helps in fixing atmospheric
nitrogen with nitrogenase enzyme & increase the nitrogen content in soil.
Nostoc, Azotobacter, and Anabaena are the microbes which help in fertility of
soil. Pseudomonas,
Bacillus, etc. helps in enhancing phosphorus uptake of plants from
soil & are referred as Phosphorus solubilizing bacteria. Fungi helps in
producing wide range of bioactive metabolites which helps in improving growth
of plant. Fungi supply inorganic nutrients to plants which are used as
biofertilizers like nitrate, ammonium and phosphate. Fungi are eukaryotic
organisms & source of food, enzymes, antibiotics, alcohol, amino acids, and
growth-promoting substances. Yeasts, molds, mushrooms are types of fungi. Fungi
live on dead or living animals and plants. Fungi plays an important role in
different physiological process, chemical change, biosynthesis of compounds,
stomatal movement, ethylene, lignan, auxin, mineral and water uptake, etc. for
enhancing flexibility of plants to ascertain & cope environmental stresses
like salinity, cold, drought, heat and significant metals. Endophytic fungi are
tolerance to salt, heat, drought and diseases. Rhizospheric fungi are effective
& ecofriendly which improves growth of plant and control plant diseases.
However, beneficial properties of microbes in growth of plant has fueled the
target market growth.
The report “Agricultural Microbial Market, By Type (Fungi, Bacteria, Protozoa,
and Others), By Form (Liquid, and Dry), By Function (Crop Protection and Soil
Amendment), By Application Method (Seed Treatment, Soil Treatment, Foliar
Spray, and Others), By Crop Type (Fruits & Vegetables, Oilseeds &
Pulses, Cereals & Grains and Others), and By Region (North America, Europe, Asia Pacific,
Latin America, and Middle East & Africa) - Trends, Analysis and Forecast
till 2032”
Key Highlights:
·
In May 2022, UPL & Chr. Hansen has launched
the new product ‘ZOATIN’ a bionutritional to increase health & yield of
crop. ‘ZOATIN’ is a portfolio of biosolutions which is housed by UPL’s NPP
(Natural Plant Protection). Newly launched ‘ZOATIN’ is naturally derived
biosolution which helps in improving health of crop, to overcome biotic &
abiotic stress, and help in reducing environmental impact by facilitating
uptake & utilization of plant phosphorus.
·
In March 2021, BASF & AgBiome has signed
an agreement to bring new biological fungicide to market in Europe, Africa and
Middle East. This agreement will provide innovative biological fungicide from
AgBiome to broaden BASF’s BioSolutions portfolio for ornamentals, vegetables
and turf applications. The biological fungicide with multiple mode of action
will help in providing long-lasting, and preventive activity on broad spectrum
of foliar and soil-borne disease.
·
In November 2019, Valent BioSciences has
launched the Global Soil Health initiative which was the fourth Biostimulants
World Congress in Barcelona. The launch follows acquisition of Mycorrhizal
Applications, research & development, & business development for
expanding company’s leading position in biological solutions for agricultural
microbial in soil.
Analyst View:
The key factor driving the
growth of the Agricultural Microbial market is rising demand for food products, organic fertilizer, rising
population and urbanization. Food is the basic requirement which keep us healthy and to survive. Rising
population rapidly has given rise in use of food products. The microbes protect
the plant from stress and feed the plant by conversion and holding of nutrients
in the soil. Bacteria are extremely important in workforce of soils. Bacteria
are final stage of breakdown of nutrients & releasing them to root zone for
plant. Bacteria are most valuable of life forms in soil. However, rising demand for organic food, rising adoption of organic farming, rising
awareness about environmental benefits of microbes is expected to boosts the
Agricultural Microbial market growth over the forecast period. As a result, market competition is intensifying, and both big
international corporations and start-ups are vying to establish position in the
market.
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Key Market
Insights from the report:
Agricultural Microbial Market accounted for US$
6.9 billion in 2022 and is estimated to be US$ 31.0 billion by 2032 and is
anticipated to register a CAGR of 14.4%. The Agricultural Microbial Market is segmented based on type, form, function, application method, crop
type, and region.
·
Based on Type, Agricultural
Microbial Market is segmented
into Fungi, Bacteria, Protozoa, and others.
·
Based on Form, Agricultural
Microbial Market is segmented
into Liquid, Dry.
·
Based on Function, Agricultural
Microbial Market is segmented
into Crop Protection and Soil Amendment.
·
Based on Application
method, Agricultural
Microbial Market is segmented
into Seed Treatment, Soil Treatment, Foliar Spray, and others.
·
Based on Crop type, Agricultural
Microbial Market is segmented
into Fruits & Vegetables, Oilseeds & Pulses, Cereals
& Grains and others.
·
By Region, the Agricultural
Microbial Market is segmented
into North America, Europe, Asia Pacific, Latin America, Middle East &
Africa.
Competitive Landscape
& their strategies of Agricultural Microbial Market:
The prominent players
operating in the Agricultural Microbial Market includes, BASF SE, Valent BioSciences, FMC Corporation, Novozymes A/S, Bayer
CropScience, Koppert Biological Systems, Syngenta AG, UPL Ltd., AgBiome LLC.,
Nufarm Ltd., and others.
The market provides detailed information
regarding the industrial base, productivity, strengths, manufacturers, and
recent trends which will help companies enlarge the businesses and promote
financial growth. Furthermore, the report exhibits dynamic factors including
segments, sub-segments, regional marketplaces, competition, dominant key players,
and market forecasts. In addition, the market includes recent collaborations,
mergers, acquisitions, and partnerships along with regulatory frameworks across
different regions impacting the market trajectory. Recent technological
advances and innovations influencing the global market are included in the
report.
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