Agricultural Microbials Market worth $6.0 Billion by 2022

The report "Agricultural Microbials Market by Type (Bacteria, Fungi, Virus, and Protozoa), Function (Soil Amendment and Crop Protection), Crop Type (Cereals & Grains, Oilseed & Pulses, and Fruits & Vegetables), Mode of Application, Formulation, and Region - Global Forecast to 2022", Biological and organic farming are emerging into the agri-food mainstream. As the preference for nutrient-dense and FDA-certified crops remains high in retail stores, farmers focus on utilizing effective crop protection products such as agricultural microbials. In addition, retailers prefer accommodating shelves with high-quality produce to expand their customer base. This further encourages farmers to seal the majority of their crops with high nutrition quotient for increased sales and profits. Focus on allocating the majority of their cultivation field to high-quality produce has led to a surge in demand for agricultural microbials. According to MarketsandMarkets, the agricultural microbials market is projected to account for USD 6.0 billion by 2022, recording a CAGR of 14.2%.

Browse 111 market data Tables and 39 Figures spread through 192 Pages and in-depth TOC on "Agricultural Microbials Market by Type (Bacteria, Fungi, Virus, and Protozoa), Function (Soil Amendment and Crop Protection), Crop Type (Cereals & Grains, Oilseed & Pulses, and Fruits & Vegetables), Mode of Application, Formulation, and Region - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/agricultural-microbial-market-15455593.html

The Bacteria Segment Is Projected To Hold the Largest Share in the Agricultural Microbials Market During the Forecast Period

With the increasing instances of fungi and bacteria in plants, farmers focus on increasingly utilizing bacteria. The use of bacteria helps in decomposing the organic matter and recycling old plant materials. It further releases nutrients by destroying other microbes, digging up tied minerals, and breaking down carbohydrates that are released by plant roots, which help in fighting root diseases and detoxifying soil. Due to these factors, the bacteria segment is projected to witness significant growth in the agricultural microbials market during the forecast period.

The Bionematicides Segment Is Projected To Record the Highest Growth in the Agricultural Microbials Through 2022

High demand for premium-quality food products has encouraged retail outlets to shelf health-enriching food products. Due to the preference for FDA-certified food products, manufacturers are allocating their budget to crop protection products such as bionematicides. The use of bionematicides in fields helps in eliminating infestations and preventing nematode infections. Due to the increasing demand for food safety and health-enriching products, the bionematicides segment is projected to witness significant growth in the agricultural microbials market during the forecast period.

The Agricultural Microbials Market in North America Is Projected To Record the Highest Growth During the Forecast Period

With the increasingly streamlined product registration process in this region, leading players find it easy to launch their products. Also, the high demand for health-enriching food products has led manufacturers to focus on organic farming. On account of these factors, the agricultural microbials market in North America is projected to record the highest growth during the forecast period.

Leading players identified in the agricultural microbials market include Bayer (Germany), BioWorks (US), BASF (Germany), Monsanto BioAg (US), and Certis (US). To sustain their position in the market, key players are adopting strategies such as new product developments, acquisitions, expansions, and agreements.

All in all, the agricultural microbials market is projected to record significant growth during the forecast period. With the increasing demand for nutrient-dense food products and food safety, manufacturers focus on utilizing agricultural microbials as an important ingredient. These factors are projected to reflect positively on the market growth.

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Report Code
AGI 3233
PR Published ON
4/4/2018
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