HOME Research Insight Bayer (Germany) and BASF (Germany) are the Key Players in the Agricultural Microbials Market

Bayer (Germany) and BASF (Germany) are the Key Players in the Agricultural Microbials Market

The agricultural microbials market is projected to reach USD 6.01 Billion by 2022, at a CAGR of 14.21% from 2017. The market has been growing at a significant rate due to the increasing need for integrated pest management in agricultural operations in developed countries. Strong research funding by key manufacturers for product development, such as compatible combinations of microbial and chemical components, is expected to drive the growth of the market over the next five years.

Companies such as BASF (Germany), Bayer (Germany), Syngenta (Switzerland), Monsanto BioAg (US), and DowDuPont (US) have been focusing on technological innovation in patent registrations for new product launches to strengthen their market base in the agricultural microbials market. Apart from these companies, other agricultural biological companies include Certis (US), Valent BioSciences (US), Koppert (Netherlands), Arysta LifeScience (US), Isagro (Italy), Marrone Bio Innovations (US), and BioWorks (US), which have been strengthening their market position through product launches and distribution & technology agreements.

Agreements, partnerships, joint ventures, and collaborations formed the most used strategy by the key players in the agricultural microbials market. Research/distribution/licensing agreements were entered into by key market players including BASF, Syngenta, Monsanto BioAg, and Marrone Bio Innovations. Due to the overall growing demand for microbial-based technologies, companies such as Bayer, BASF, Koppert, and Valent BioSciences have invested in the upgrading & expansion of existing facilities or establishment of new manufacturing facilities. The purpose of all these developments is to provide farmers with innovative agricultural biological products that protect and maximize crop yield.

Bayer (Germany) is a key player in the global agricultural microbials market. The company has been adopting inorganic strategies for the development of its microbials segment. It has entered into collaborations and partnerships with many research organizations and major players, such as Citrus Research and Development Foundation (CRDF), for the development of new and better microbial solutions to combat specific pest attacks. Bayer AG entered into a distribution agreement with Belchim Crop Protection (Belgium) under which it received the exclusive European distribution rights for the biological fungicide named Contans WG, from Belchim Crop Protection (Belgium). Bayer is expected to show tremendous growth in this space of agricultural microbials with these strategies.

BASF (Germany) is a well-established player in the agricultural microbials market. The acquisition of Becker Underwood Inc. (US), in November 2012, expanded its product range. The company’s approach to developing a diversified product portfolio to reduce its market risks can be witnessed with the introduction of biofungicidal seed treatment using its patented technology on Agrobacterium radiobacter. Upgradation and expansion of biological crop protection facilities in advanced agricultural markets such as the US, Canada, Germany, and Australia in the past two years could enhance its market presence.

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Related Reports:

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

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