Agricultural Microbial Global Market Sees Growth Rate Of 19% Through 2022

The global agricultural microbial market is expected to grow from $4.25 billion in 2021 to $5.06 billion in 2022 at a compound annual growth rate (CAGR) of 19.2%. The global agricultural microbial market is expected to reach $8.84 billion in 2026 at a CAGR of 15%.

What is the Global Agricultural Microbial Market?

The agricultural microbial market consists of sales of agricultural microbials by entities (organizations, sole traders, and partnerships) that include microbes such as fungi, bacteria, and viruses which are used in agricultural farming. Agricultural microbes are the soil microorganisms that are essential for decomposing organic matter and recycling old plant material. They offer numerous advantages, including drought tolerance, heat tolerance, insect resistance, and plant disease resistance.

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What drives the Global Agricultural Microbial Market?

Rising awareness about organic farming is expected to propel the growth of the agricultural microbial market going forward. Organic farming is a type of farming that does not use chemical pesticides, fertilizers, or other additives in farming. Organic farming makes use of a varied community of microorganisms to protect plants from illness and maintain soil health and productivity. For instance, according to the United States food and agriculture organization, in 2021, organic agriculture is adopted and practiced in 187 countries and almost 72.3 million hectares of agricultural land are maintained organically by almost 3.1 million farmers. In addition, the sales of organic food reached revenues of more than $115.49 billion (106 billion euros) in 2019 globally. Therefore, raising awareness about organic farming drives the agricultural microbials market.

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Global Agricultural Microbial Market Segments
The global agricultural microbial market is segmented:
By Type: Bacteria, Fungi, Virus, Other Types
By Formulation: Dry Formulation, Liquid Formulation
By Function: Crop Protection, Soil Amendment
By Mode Of Application: Soil Treatment, Foliar Spray, Seed Treatment
By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Turf And Ornamentals
By Geography: The regions covered in the agricultural microbial market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Agricultural Microbial Global Market Report 2022provides market size and growth forecasts for the global agricultural microbial market, global agricultural microbial market share, agricultural microbial market segments and geographies, agricultural microbial market competitive landscape including leading competitors’ revenues, profiles and market shares. The agricultural microbial market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Agricultural Microbial Industry Playersinclude BASF SE, Syngenta AG, Koppert BV, Novozymes A/S, Taxon (Dupont), Bayer CropScience, Arysta Lifescience Limited, AgBiome LLC, Certis Usa LLC, Chr. Hansen A/S, BioAg Alliance, Marrone Bio Innovations, Monsanto Company, Corteva, and IsAgro. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.