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Agricultural Microbials Market Share

Report ID: GMI10716
Published Date: Aug 2024
Report Format: PDF

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Agricultural Microbials Market Share

The market is featuring multinational corporations, regional players, and startups. Key players are expanding their product portfolios, enhancing R&D capabilities, and forming strategic partnerships to strengthen their market position. Innovation through R&D is a primary competitive strategy. Companies are investing significantly in research to develop new and effective microbial strains and formulations. They are also working on improving the shelf life and stability of microbial products to make them more commercially viable.

Geographic expansion is another key strategy. Companies are entering emerging markets in Asia-Pacific, Latin America, and Africa to meet the growing demand for sustainable agricultural solutions. Establishing a strong distribution network and local partnerships is crucial for success in these regions.

Mergers and acquisitions (M&A) are also common in the industry. Large agrochemical companies are acquiring smaller microbial firms to expand their product offerings and leverage their technological expertise. These acquisitions help companies accelerate market entry and gain a competitive advantage.

Agricultural Microbials Market Companies

Top companies operating in the agricultural microbials industry include:

Andermatt Group AG
BASF SE
Certis USA L.L.C
FMC Corporation
Koppert
Novozymes A/S
Sumitomo Chemical Co., Ltd
Varsha Bioscience and Technology India Pvt Ltd
PI Industries Ltd
Indian Farmers Fertilizer Cooperative Limited

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

Agricultural microbials market size was USD 7.34 million in 2023 and is expected to register 14.7% CAGR from 2024-2032 owing to the rising demand for sustainable agricultural practices and the imperative to boost crop productivity worldwide.

Agricultural microbials industry from the bacteria segment is expected to register 15.4% CAGR from 2024-2032 due to growing focus on sustainable farming practices.

North America industry expected to register 15.9% CAGR from 2024-2032 due to advanced agricultural techniques, a heightened focus on sustainable farming, and favorable regulations in the region.

BASF SE, Certis USA L.L.C, FMC Corporation, Koppert, Novozymes A/S, Sumitomo Chemical Co., Ltd, Varsha Bioscience and Technology India Pvt Ltd, PI Industries Ltd, and Indian Farmers Fertilizer Cooperative Limited, are some of the major agricultural microbials companies worldwide.