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Agricultural Microbial Market Report by Type, Formulation, Application Method, Function, Crop Type, and Region 2024-2032

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    Report

  • 137 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5742987
Description Jump to:
The global agricultural microbial market size reached US$ 9.6 Billion in 2023. Looking forward, the market is projected to reach US$ 23.9 Billion by 2032, exhibiting a growth rate (CAGR) of 10.67% during 2023-2032.

Agricultural microbials are microorganisms that are used in various agricultural practices to improve crop productivity and quality of yield. They comprise bacteria, archaea, yeasts, molds, algae, protozoa, and viruses. They enhance the ability of crops to resist temperature, ultraviolet (UV) radiation, salinity, floods, drought, and damage caused by insects, herbivores, nematodes, fungi, bacteria, or weeds.

They assist in increasing rhizobacterial promotion of plant growth by providing various nutrients, such as phosphorous and nitrogen. They also aid in balancing plant hormones, producing stress-protective compounds, and reducing various plant diseases. In addition, agricultural microbials are widely used to maintain fertility and improve the quality of the soil.

Agricultural Microbial Market Trends

The growing awareness among the masses about the benefits of using agricultural microbials in farming, such as the decomposition of organic matter, recycling of old agricultural material, and improving plant health, represents one of the key factors driving the market. Besides this, there is a rise in the demand for sustainable agricultural practices to maintain soil quality, reduce soil erosion, and preserve fresh water. This, along with the burgeoning agriculture industry, is contributing to the growth of the market. In addition, the escalating demand for organic farming to reduce the risk of environmental pollution and greenhouse gas emissions is offering lucrative growth opportunities to industry investors.

Moreover, increasing investments by key market players to introduce automated greenhouse facilities with the most innovative, sustainable, and technically advanced crop protection solutions are positively influencing the market. Apart from this, the rising demand for the liquid formulation of agricultural microbials due to their ease of application is propelling the growth of the market. Additionally, the escalating demand for agricultural microbials to enhance nitrogen fixation, promotion of shoot and root growth, and disease control in plants are bolstering the growth of the market.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global agricultural microbial market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, formulation, application method, function and crop type.

Breakup by Type:

  • Bacteria
  • Fungi
  • Virus
  • Others

Breakup by Formulation:

  • Dry
  • Liquid

Breakup by Application Method:

  • Soil Amendment
  • Crop Protection

Breakup by Function:

  • Foliar Spray
  • Soil Treatment
  • Seed Treatment
  • Others

Breakup by Crop Type:

  • Cereals
  • Oilseeds and Pulses
  • Fruits and Vegetables
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being AgBiome, BASF SE, Bayer AG, Cargill Incorporated, Certis USA LLC, Chr. Hansen A/S, DuPont de Nemours Inc., Koppert Biological Systems, Marrone Bio Innovations (Bioceres Crop Solutions), Novozymes A/S (Novo Holdings A/S), Nufarm Limited, Sumitomo Chemical Co. Ltd. and Syngenta AG.

Key Questions Answered in This Report

1. What was the size of the global agricultural microbial market in 2023?
2. What is the expected growth rate of the global agricultural microbial market during 2024-2032?
3. What are the key factors driving the global agricultural microbial market?
4. What has been the impact of COVID-19 on the global agricultural microbial market?
5. What is the breakup of the global agricultural microbial market based on the type?
6. What is the breakup of the global agricultural microbial market based on the formulation?
7. What is the breakup of the global agricultural microbial market based on the application method?
8. What is the breakup of the global agricultural microbial market based on the function?
9. What are the key regions in the global agricultural microbial market?
10. Who are the key players/companies in the global agricultural microbial market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Agricultural Microbial Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Bacteria
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Fungi
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Virus
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Formulation
7.1 Dry
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Liquid
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application Method
8.1 Soil Amendment
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Crop Protection
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Function
9.1 Foliar Spray
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Soil Treatment
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Seed Treatment
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Crop Type
10.1 Cereals
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Oilseeds and Pulses
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Fruits and Vegetables
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 AgBiome
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 BASF SE
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Bayer AG
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Cargill Incorporated
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 SWOT Analysis
16.3.5 Certis USA LLC
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Chr. Hansen A/S
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 DuPont de Nemours Inc.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Koppert Biological Systems
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.9 Marrone Bio Innovations (Bioceres Crop Solutions)
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Novozymes A/S (Novo Holdings A/S)
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 Nufarm Limited
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
16.3.12 Sumitomo Chemical Co. Ltd.
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
16.3.12.4 SWOT Analysis
16.3.13 Syngenta AG
16.3.13.1 Company Overview
16.3.13.2 Product Portfolio
16.3.13.3 SWOT Analysis
List of Figures
Figure 1: Global: Agricultural Microbial Market: Major Drivers and Challenges
Figure 2: Global: Agricultural Microbial Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Agricultural Microbial Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Agricultural Microbial Market: Breakup by Type (in %), 2023
Figure 5: Global: Agricultural Microbial Market: Breakup by Formulation (in %), 2023
Figure 6: Global: Agricultural Microbial Market: Breakup by Application Method (in %), 2023
Figure 7: Global: Agricultural Microbial Market: Breakup by Function (in %), 2023
Figure 8: Global: Agricultural Microbial Market: Breakup by Crop Type (in %), 2023
Figure 9: Global: Agricultural Microbial Market: Breakup by Region (in %), 2023
Figure 10: Global: Agricultural Microbial (Bacteria) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Agricultural Microbial (Bacteria) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Agricultural Microbial (Fungi) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Agricultural Microbial (Fungi) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Agricultural Microbial (Virus) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Agricultural Microbial (Virus) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Agricultural Microbial (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Agricultural Microbial (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Agricultural Microbial (Dry) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Agricultural Microbial (Dry) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Agricultural Microbial (Liquid) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Agricultural Microbial (Liquid) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Agricultural Microbial (Soil Amendment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Agricultural Microbial (Soil Amendment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Agricultural Microbial (Crop Protection) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Agricultural Microbial (Crop Protection) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Agricultural Microbial (Foliar Spray) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Agricultural Microbial (Foliar Spray) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Agricultural Microbial (Soil Treatment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Agricultural Microbial (Soil Treatment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Agricultural Microbial (Seed Treatment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Agricultural Microbial (Seed Treatment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Agricultural Microbial (Other Functions) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Agricultural Microbial (Other Functions) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Agricultural Microbial (Cereals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Agricultural Microbial (Cereals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Agricultural Microbial (Oilseeds and Pulses) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Agricultural Microbial (Oilseeds and Pulses) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Agricultural Microbial (Fruits and Vegetables) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Agricultural Microbial (Fruits and Vegetables) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Agricultural Microbial (Other Crop Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Agricultural Microbial (Other Crop Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: North America: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: North America: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: United States: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: United States: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Canada: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Canada: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Asia-Pacific: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Asia-Pacific: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: China: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: China: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Japan: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Japan: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: India: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: India: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: South Korea: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: South Korea: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Australia: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Australia: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Indonesia: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Indonesia: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Others: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Others: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Europe: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Europe: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Germany: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Germany: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: France: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: France: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: United Kingdom: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: United Kingdom: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Italy: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Italy: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Spain: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Spain: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Russia: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Russia: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Others: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Others: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Latin America: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Latin America: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Brazil: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Brazil: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Mexico: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Mexico: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Others: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Others: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Middle East and Africa: Agricultural Microbial Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Middle East and Africa: Agricultural Microbial Market: Breakup by Country (in %), 2023
Figure 90: Middle East and Africa: Agricultural Microbial Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 91: Global: Agricultural Microbial Industry: SWOT Analysis
Figure 92: Global: Agricultural Microbial Industry: Value Chain Analysis
Figure 93: Global: Agricultural Microbial Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Agricultural Microbial Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Agricultural Microbial Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Agricultural Microbial Market Forecast: Breakup by Formulation (in Million US$), 2024-2032
Table 4: Global: Agricultural Microbial Market Forecast: Breakup by Application Method (in Million US$), 2024-2032
Table 5: Global: Agricultural Microbial Market Forecast: Breakup by Function (in Million US$), 2024-2032
Table 6: Global: Agricultural Microbial Market Forecast: Breakup by Crop Type (in Million US$), 2024-2032
Table 7: Global: Agricultural Microbial Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Agricultural Microbial Market: Competitive Structure
Table 9: Global: Agricultural Microbial Market: Key Players

Companies Mentioned

  • AgBiome
  • BASF SE
  • Bayer AG
  • Cargill Incorporated
  • Certis USA LLC
  • Chr. Hansen A/S
  • DuPont de Nemours Inc.
  • Koppert Biological Systems
  • Marrone Bio Innovations (Bioceres Crop Solutions)
  • Novozymes A/S (Novo Holdings A/S)
  • Nufarm Limited
  • Sumitomo Chemical Co. Ltd.
  • Syngenta AG

Methodology

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Table Information

Report AttributeDetails
No. of Pages137
PublishedApril 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 9.6 Billion
Forecasted Market Value ( USD ) by 2032 $ 23.9 Billion
Compound Annual Growth Rate10.6%
Regions CoveredGlobal
No. of Companies Mentioned13

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About the Agricultural Microbial Market

The Agricultural Microbial market is a rapidly growing sector of the agricultural industry. It is focused on the use of beneficial microorganisms to improve crop yields, reduce the use of chemical fertilizers and pesticides, and increase soil fertility. Microbes are used to increase the availability of nutrients in the soil, improve soil structure, and reduce the risk of disease. They can also be used to improve the quality of crops, reduce the risk of crop failure, and increase the efficiency of water use. Agricultural microbial products are used in a variety of applications, including seed treatments, soil amendments, and foliar sprays. These products are often used in combination with traditional agricultural practices to maximize the benefits of both. Some companies in the Agricultural Microbial market include Novozymes, BASF, Bayer, Syngenta, and Monsanto. Show Less Read more

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