Agricultural Microbials Market

Top Agriculture Microbials Companies - Manufacturers are Increasing their Market Share Steadily Through New Product Launches, Partnerships, and Expansion

The global agriculture microbial market is estimated to be valued at USD 6.4 billion in 2022. It is projected to reach USD 12.6 billion by 2027, recording a CAGR of 14.6% during the forecast period. Agricultural microbials are crop protection and enhancement products that support sustainable agricultural production and minimize adverse environmental consequences caused by excessive chemical use. Microbials are the major types of biologicals formulated for crop protection solutions, which can be either bacterial, fungal, viral, or protozoan strains. Based on the function of microbes in agriculture, they are broadly classified into soil amendment and crop protection. The market is primarily driven by crop protection products that include biopesticides, biofungicides, bioherbicides, and bionematicides. This is due to the wide-scale consumption of crop protection solutions across the globe and the growth in the cultivation of industrial crops such as corn, soybean, wheat, and rice. The increase in demand for high-value crops such as soybean and vegetables has boosted the farmers’ choice to switch to expensive but sustainable crop inputs that have augmented the technological adoption rate to a considerable extent.

Key players in this market include BASF SE (Germany), Bayer Cropscience (Germany), Syngenta AG (Switzerland), UPL Ltd. (India), Marrone Bio Innovations (US), Corteva Agriscience (US), and FMC Corporation (US).

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Bayer CropScience is a crop protection business segment of Bayer company and one of the global leaders in plant protection solutions. Bayer operates in three business segments, namely, Pharmaceuticals, Crop Science, and Consumer Health. Crop Science is one of the world’s leading agriculture enterprises, with businesses in crop protection, seeds, and digital farming. For sustainable agriculture, the company offers a diverse array of high-value seeds, improved plant features, novel chemical and biological crop protection products, digital solutions, and extended customer service. The collection of more than 125,000 microbial strains allows the company to use genetic diversity to develop new and beneficial products. Bayer also focuses on developing products that engage in techniques known as RNA interference to develop efficient products. The acquisition of Monsanto (Germany) encouraged the company to improve its research on RNAi technology to improve the available solutions for crop protection.

Corteva Agriscience was the agriculture division of DowDuPont until June 2019, when it spun off to become a standalone company. In February 2022, the company shifted its headquarters from Wilmington, Delaware, US to Indianapolis, Indiana, US and has Global Business Centers in Johnston, Iowa, and Indiana and five regional offices in Calgary, Canada; Johannesburg, South Africa; Geneva, Switzerland; Singapore; and Alphaville, Brazil. The company has a presence in more than 140 countries. It also has more than 150 research and development facilities and ninety-two manufacturing sites. Corteva has two segments, namely, Crop Protection and Seed. The Crop Protection segment consists of major product lines such as insecticides, fungicides, and herbicides. The segment also has a broad portfolio consisting of biocontrol, biostimulants, and pheromone products.

FMC Corporation is one of the leading agrochemical companies that provide innovative solutions to growers around the world. It takes consistent efforts to deliver environmentally compatible and sustainable solutions in the segments of Fungicides, Insecticides, Herbicides, and Plant Health. The Plant Health business segment represents a diverse group of plant protection products derived from microorganisms and other naturally occurring materials, which have grown significantly over the years.

The company’s European Innovation Centre has been working on R&D activities focused on producing new bioinsecticides, bionematicides, biofungicides, and biostimulants. These biological products feature new modes of action and sustainability profiles. The company has several commercial launches to be introduced to the market, and therefore, the company has submitted a series of new bacterial strains to European Union regulatory authorities for evaluation and approval as bionematicides and biofungicides.

FMC Corporation acquired DuPont’s (US) Crop Protection business in 2017. DuPont’s agricultural division provides innovative solutions for crop protection and agrisciences. This acquisition has strengthened FMC’s market position in the plant disease control segment with the provision of strong research pipelines.

Related Reports:

Agricultural Microbials Market by Type, Function (Soil Amendment and Crop Protection), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Mode of Application, Formulation, and Region - Global Forecast to 2027

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Agricultural Microbials Market Size,  Share & Growth Report
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