Dublin, May 20, 2020 (GLOBE NEWSWIRE) -- The "Agricultural Microbials Market by Type (Bacteria, Fungi, Virus, Protozoa), Function (Soil Amendment and Crop Protection), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Mode of Application, Formulation, and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The market for agricultural microbials was valued at USD 5.3 billion in 2019; it is projected to grow at a CAGR of 14.1% to reach USD 11.6 billion by 2025.
Factors such as the rise in adoption of integrated pest management (IPM) practices across the globe, reduced development cost for microbials in comparison to conventional chemical pesticides, target specificity associated with microbial pesticides, and the rising trend of adopting organic farming practices are projected to drive the growth of this market.
The bacteria segment is projected to be the largest segment in the agricultural microbials market during the forecast period.
The bacteria segment is estimated to account for the largest market share, with USD 8.7 billion by 2025. There are around 1,408,525 strains of bacteria successfully registered, and they are the largest class of microorganism strains that have been registered and used for various industrial purposes. Bacterial strains have been most successfully isolated and used for cultivation purposes compared to all the other microorganisms, and form 43.5% of all the microorganisms strains registered globally. The application of bacteria in agriculture has increased in terms of biofertilizers and biopesticides, as these sustainably provide higher and healthy yields. Their benefits in achieving a holistic plant growth in cultivation increase their usage in the market.
The foliar segment is estimated to account for the largest share in 2019.
Foliar mode of application is widely used to apply microbials. It is mostly used for many fruit, vegetable, and flower crops. Microbials can be foliar applied as liquid or suspensions to crops. Soluble suspensions of microbials are useful in foliar spray and are lower in cost as compared to synthetic fertilizers. During flowering in spring, when soil moisture and temperature are not favorable for root growth, foliar spray is advantageous to meet the internal demand of micronutrients in the plants.
By function, the crop protection segment is projected to grow at a higher rate in the agricultural microbials market during the forecast period. By function, the crop protection segment is projected to witness higher growth, at a CAGR of 15.98% by 2025. The microbial pest control provides a significant amount of target specificity and ecological safety and hence can be applied uniquely or in combination with other pest management programs. Thus, the growers increasingly find the application of the products in this segment, so their market seems to grow rapidly.
By crop type, the fruits & vegetables segment is projected to be the fastest-growing segment in the agricultural microbials market during the forecast period.
The fruits & vegetables segment is projected to account for the largest market share of USD 1.3 billion by 2025. The rapidly shifting focus on the consumption of fruits and vegetables in the population to achieve optimum nutrition is driving the market. There has also been a rise in the production quantities of fruits and vegetables across the globe. The rising per capita incomes of the population in the developed and developing countries also drive the demand for naturally produced foods.
The North American region is projected to account for the largest market share of the agricultural microbials market in 2025.
North America is projected to have the largest share of USD 4.0 billion in 2025. The region is experiencing high growth in organic farming practices, farm conversions from conventional to organic, and development of newer biological solutions through research. The increasing growth of high-value crops and rising awareness among farmers about the environmental benefits of microbial solutions are expected to provide more scope for agricultural microbials market expansion. Populations in this region also are becoming more concerned regarding food safety and quality; thus, the governments have to invest more so that they meet these needs of the population, which tends to increase the demand for microbial solutions in the region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Opportunities in the Agricultural Microbials Market
4.2 Agricultural Microbials Market, by Formulation
4.3 North America: Agricultural Microbials Market, by Key Country & Type
4.4 Agricultural Microbials Market, by Crop Type & Region
4.5 Agricultural Microbials Market: Major Regional Submarkets
5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Increase in Production of Horticultural Crops
5.2.2 Increase in Usage of Agricultural Biologicals
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Rise in Adoption of Integrated Pest Management Practices Across the Globe
5.3.1.2 Lower Development Costs for Microbial as Compared to That of Chemical Solutions
5.3.1.3 Target Specificity of Microbial Crop Protectants
5.3.1.4 Rise in the Trend of Adopting Organic Farming Practices
5.3.2 Restraints
5.3.2.1 Shorter Shelf Life and Complex Storage Requirements of Microbial Products to Discourage Its Usage for Cultivation
5.3.2.2 Low Awareness Among Farmer Pertaining to Biofertilizers and High Labor Costs
5.3.3 Opportunities
5.3.3.1 Significant Development in the Seed Treatment Segment
5.3.3.2 Investments Being Made in Research by Key Market Players
5.3.4 Challenges
5.3.4.1 Unorganized Markets and the Easy Availability of Cheaper Chemical Fertilizers That Act as Substitutes
5.3.4.2 Regulatory Barriers
6 Agricultural Microbials Market, by Type
6.1 Introduction
6.2 Bacteria
6.2.1 Bacillus Spp.
6.2.2 Rhizobium Spp.
6.2.3 Other Bacteria
6.3 Fungi
6.3.1 Trichoderma Spp.
6.3.2 Mycorrhizal Fungi
6.3.3 Other Fungi
6.4 Viruses
6.5 Protozoa
7 Agricultural Microbials Market, by Function
7.1 Introduction
7.2 Soil Amendment
7.2.1 Biofertilizers
7.2.1.1 the Market for Microbial Biofertilizers is Witnessing a High Demand for Nitrogen and Phosphorous Biofertilizers
7.2.2 Biostimulants
7.2.2.1 the Ease of Application and Smaller Quantities Required Are Factors Driving the Demand for Microbial Biostimulants
7.3 Crop Protection
7.3.1 Bioinsecticides
7.3.1.1 Food Security and High-Quality Are the Pressing Issues Globally for the Safety of Products That Witness a High Demand
7.3.2 Biofungicides
7.3.2.1 Development of New and Innovative Products With Various Benefits to Drive the Growth of the Microbial Fungicides Market
7.3.3 Bioherbicides
7.3.3.1 the Market for Bioherbicides is Yet to Witness Stable Growth in Various Countries With Ongoing Studies on the Development of Beneficial Microbial and Biological Products
7.3.4 Bionematicides
7.3.4.1 Slow Growth in the Market Due to Fewer Bionematicidal Products in the Market
7.3.5 Other Crop Protection Functions
7.3.5.1 Due to the Lesser Usage of Other Kinds of Microbial Products, the Market Remains Small Yet is Growing Slowly
8 Agricultural Microbials Market, by Crop Type
8.1 Introduction
8.2 Cereals & Grains
8.2.1 Higher Nutrient Content Achieved by the Use of Biologicals and Microbials to Fuel the Demand
8.3 Oilseeds & Pulses
8.3.1 High Efficiency of Microbials in Crop Protection and Nutrition Fuels Their Usage in the Cultivation of Oilseeds & Pulses
8.4 Fruits & Vegetables
8.4.1 Use of Microbials for Producing Fruits & Vegetables is Growing Significantly Due to Increased Demand for Production
8.5 Other Crop Types
8.5.1 Market for Microbials in Turfs, Forages, and Ornamentals Growing Slowly With Increasing Usage in Urban Areas
9 Agricultural Microbials Market, by Mode of Application
9.1 Introduction
9.2 Foliar Spray
9.2.1 Foliar Spray is Actively Adopted Due to Its Wide Range of Benefits
9.3 Soil Treatment
9.3.1 Lesser Use of Soil Treatment Method Seen in the Market Due to Ecological and Physical Restraints
9.4 Seed Treatment
9.4.1 Increasing Use of Seed Treatment Method Due to Benefits Such as Lesser Quantity of Crop Inputs Needed
9.5 Post-Harvest
9.5.1 Application of Fertilizers Post-Harvest is Increasingly Adopted to Avoid Huge Product Losses That Farmers Face Worldwide
10 Agricultural Microbials Market, by Formulation
10.1 Introduction
10.2 Dry
10.2.1 the Use of Dry Fertilizers Due to Their Uniform Nutrient Distribution Property
10.2.2 Dry Granules
10.2.3 Water Dispersible Granules
10.2.4 Water Dispersible Granules
10.3 Liquid
10.3.1 the Liquid Agricultural Microbials Market is Well Developed for Conventional Fertilizers and is Developing for Microbial Fertilizers Due to its Increasing Usage
10.3.2 Emulsifiable Concentrates
10.3.3 Suspension Concentrates
10.3.4 Soluble Liquid Concentrates
11 Agricultural Microbials Market, by Region
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 South America
11.6 Rest of the World
12 Competitive Landscape
12.1 Overview
12.2 Company Ranking
12.3 Competitive Leadership Mapping
12.3.1 Dynamic Differentiators
12.3.2 Innovators
12.3.3 Visionary Leaders
12.3.4 Emerging Companies
12.4 Competitive Leadership Mapping (For SME's/Start-Ups)
12.4.1 Progressive Companies
12.4.2 Starting Blocks
12.4.3 Responsive Companies
12.4.4 Dynamic Companies
12.5 Competitive Scenario
12.5.1 New Product Launches
12.5.2 Expansions
12.5.3 Acquisitions
12.5.4 Agreements
13 Company Profiles
13.1 BASF SE
13.2 Bayer CropScience
13.3 Monsanto Company
13.4 Sumitomo Chemicals Company Ltd.
13.5 Corteva Agriscience
13.6 Syngenta AG
13.7 Upl Ltd.
13.8 Novozymes
13.9 Chr. Hansen Holdings A/S
13.10 Isagro S.P.A.
13.11 Verdesian Life Sciences LLC
13.12 Valent Biosciences LLC
13.13 Certis USA LLC
13.14 Marrone Bio Innovations
13.15 Bioworks Inc.
13.16 Koppert Biological Systems B.V
13.17 Lallemand Plant Care
13.18 Agrilife Biosolutions Ltd.
13.19 Wilbur-Ellis Holdings Inc.
13.20 Pivot Bio
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