The bacteria based agricultural microbials market is expected to see strong growth in the next few years. It will grow to $5.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. Anticipated growth in the forecast period is expected to be driven by several factors, including government support and regulatory initiatives, a noticeable shift towards biological solutions, a heightened adoption of integrated pest management practices, ongoing research and development efforts, and the impact of climate change on agriculture.
The escalating demand for organic food is a significant driving force behind the growth of the bacteria-based agricultural microbials market. This demand surge, fueled by increased health awareness, propels the use of microorganisms such as bacteria, fungus, and viruses to fortify crop development, enhance yields, and shield crops against infections and pests. As per the Organic Trade Association's June 2022 report, the organic market grew by $1.4 billion (2%) from 2020 to 2021, surpassing $63 billion. Notably, food sales, accounting for over 90% of organic sales, increased to $57.5 billion (about 2%), while non-food sales reached $6 billion (up by 7%). Hence, the burgeoning organic food demand is a key driver for the bacteria-based agricultural microbial market.
The growth of the bacteria-based agricultural microbials market is further propelled by the pursuit of increased crop yields. Enhanced crop yield, defined as the volume of agricultural produce harvested from a specific land area over time, holds substantial economic significance for farmers, aligns with sustainability agendas, and fosters diversified product portfolios. For instance, according to gov.uk's October 2023 data, the UK witnessed a 6.1% increase in barley harvest, reaching 7.4 million tonnes in 2022, while wheat harvest surged by 11% to 15.5 million tonnes from the previous year. Thus, the drive for augmented crop yield is a significant driver behind the growth of the bacteria-based agricultural microbials market.
Strategic partnerships have emerged as a prominent trend shaping the bacteria-based agricultural microbials market. Key players in this sector are increasingly forging partnerships to fortify their market positions. For instance, Indigo Ag's January 2023 collaboration with ISAOSA in Mexico led to the launch of innovative microbial technology, Indigo 30. This technology, a member of Indigo's biotrinsic range, augments corn crop yields and has been formulated for direct combination with fertilizers, broadening its application window for farmers.
Major companies in the bacteria-based agricultural microbials sector are focused on strategic partnerships and collaborations to drive profitability and innovation in the market. For example, Certis Biologicals' collaboration with Novozymes in June 2022 aimed to develop effective remedies for corn and soybeans. This collaboration focuses on jointly developing technologies and products for traditional row crops, specifically delivering more efficient solutions for growers.
In January 2023, Valent BioSciences LLC, a prominent US-based biorational product company, successfully acquired FBSciences Holdings. While the financial specifics of the acquisition were undisclosed, this strategic move holds substantial significance within the overall business strategy. It is poised to provide a robust growth platform, uniting the extensive lines of crop enhancement and crop protection products offered by both companies. FBSciences Holdings, also based in the US, specializes in producing crop-specific agricultural microbial products. This acquisition bolsters Valent BioSciences LLC's portfolio by integrating FBSciences Holdings' expertise and product line, fostering an enhanced range of offerings in crop enhancement and protection within the agricultural sector.
Major companies operating in the bacteria based agricultural microbials market report are BASF SE, Bayer AG, Certis LLC, Isagro S.p.A., Verdesian Life Sciences LLC, Koppert B.V., E.I. DuPont de Nemours and Company, Syngenta AG, Sumitomo Chemical Co. Ltd., Corteva Inc., CHR. Hansen Holdings A/S, UPL Limited, Valent Biosciences Corporation, Novozymes A/S, Gujarat State Fertilizers & Chemicals Limited, Marrone Bio Innovations Inc., Nufarm Ltd., Precision Laboratories LLC, Lallemand Inc., BioWorks Inc., Terramera Inc., Andermatt Biocontrol AG, BioConsortia Inc., BioPhero ApS, Biotalys NV, BioTEPP Inc., EcoPesticides International Inc., Futureco Bioscience S.A., Gowan Company LLC, Kemin Industries Inc., Plant Health Care plc, Symborg SL.
North America was the largest region in the bacteria-based agricultural microbials market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global bacteria-based agricultural microbial market during the forecast period. The regions covered in the bacteria based agricultural microbials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bacteria based agricultural microbials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of bacteria-based agricultural microbials include Bacillus thuringiensis, Rhizobium, Bacillus subtilis, and others. Bacillus thuringiensis (BT) is a soil-dwelling bacterium known for naturally producing toxins lethal to various herbivorous insects. These microbials are available in dry and liquid formulations and can be applied through soil treatment, foliar spray, and seed treatment methods. They find application across a wide range of crops, including cereals, grains, oilseeds, pulses, fruits, vegetables, turf, ornamentals, and more.
The bacteria-based agricultural microbials market research report provides bacteria-based agricultural microbials market statistics, including bacteria-based agricultural microbial industry global market size, regional shares, competitors with a bacteria-based agricultural microbials market share, detailed bacteria based agricultural microbials market segments, market trends and opportunities, and any further data you may need to thrive in the bacteria based agricultural microbial industry. This bacteria-based agricultural microbials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The bacteria-based agricultural microbials market consists of sales of biofertilizers, biopesticides, and bio-stimulants. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on bacteria based agricultural microbials market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for bacteria based agricultural microbials? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:1) By Type: Bacillus Thuringiensis; Rhizobium; Bacillus Subtilis; Other Types
2) By Formulation: Dry Formulation; Liquid Formulation
3) By Mode of Application: Soil Treatment; Foliar Spray; Seed Treatment
4) By Application: Cereals And Grains; Oilseeds And Pulses; Fruits And Vegetables; Turf And Ornamentals; Other Applications
Key Companies Mentioned: BASF SE; Bayer AG; Certis LLC; Isagro S.p.A.; Verdesian Life Sciences LLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- BASF SE
- Bayer AG
- Certis LLC
- Isagro S.p.A.
- Verdesian Life Sciences LLC
- Koppert B.V.
- E.I. DuPont de Nemours and Company
- Syngenta AG
- Sumitomo Chemical Co. Ltd.
- Corteva Inc.
- CHR. Hansen Holdings A/S
- UPL Limited
- Valent Biosciences Corporation
- Novozymes A/S
- Gujarat State Fertilizers & Chemicals Limited
- Marrone Bio Innovations Inc.
- Nufarm Ltd.
- Precision Laboratories LLC
- Lallemand Inc.
- BioWorks Inc.
- Terramera Inc.
- Andermatt Biocontrol AG
- BioConsortia Inc.
- BioPhero ApS
- Biotalys NV
- BioTEPP Inc.
- EcoPesticides International Inc.
- Futureco Bioscience S.A.
- Gowan Company LLC
- Kemin Industries Inc.
- Plant Health Care plc
- Symborg SL
Methodology
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