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Agricultural Microbials Market Trends

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

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Agricultural Microbials Market Trends

The agricultural microbials industry is witnessing several trends that are set to shape its future. One significant trend is the surging adoption of bio-stimulants. These products, encompassing microbials, not only boost plant growth and stress tolerance but are also increasingly favored by farmers aiming to fortify their crops against the backdrop of climate change and erratic weather patterns.

Moreover, the market is expanding notably in developing regions, with Asia-Pacific and Latin America at the forefront. These areas are experiencing swift agricultural advancements, primarily driven by the imperative to secure food supplies for their burgeoning populations. To bolster productivity and curtail reliance on chemical inputs, governments and international bodies are actively endorsing sustainable agricultural practices, including the use of microbials.

Additionally, the ascent of biopesticides is catching the industry's attention. With regulations on chemical pesticides growing stringent, biopesticides, harnessed from microorganisms, are emerging as a favored substitute. These biopesticides promise precise pest management while keeping environmental repercussions to a minimum, aligning well with the global momentum towards sustainable farming practices.

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.