The global agricultural microbials market is estimated to be valued at USD 6.0 billion in 2020 and is projected to reach USD 11.6 billion by 2025,
recording a CAGR of 14.1%. The market has
high growth potential in emerging markets, such as Europe, Asia Pacific, and South
America, as these regions are backed by an expanding population base leading to
an increased demand for agriculture crops in the region. Countries such as
China and India are expected to be key revenue generators since these countries
are among the leading producers of crops such as rice and wheat at a global
level. Apart from this, in South America, Brazil is ranked among the leading
producers of crops such as sugarcane, corn, and soybean. These countries are
expected to create a lucrative opportunity for agricultural microbial
manufacturers in the years to come.
By type, the agricultural microbials market is segmented into bacteria, fungi, viruses, and protozoa. The bacteria
type segment accounted for a larger share during the forecast period. The
application of bacteria in agriculture has increased, in terms of
biofertilizers and biopesticides, as these sustainably provide higher and
healthy yields. Bacterial strains are easily available in the surrounding
environment and can be isolated and reproduced. The application of bacterial
strains in agriculture is expected to increase with the entry of agrochemical
players and a rise in the number of product launches.
On the basis of function, the agricultural microbials market is
segmented into soil amendment and crop protection. The crop protection segment
is subsegmented into bioinsecticides, biofungicides, bionematicides,
bioherbicides, and others. Agricultural microbials are increasingly
being used as crop protectants in agricultural operations. Microbials used in
pesticides, fungicides, insecticides, and herbicides adopt multiple routes of
action that avoid pests from getting resistant to them. Microbial pesticides
function by invading through the integument or gut of the insect, and then they
multiply in the pathogen, resulting in the death of the host. Microbial pest
control provides a significant amount of target specificity and ecological
safety. Hence, it can be applied individually or in combination with other pest
management programs.
Based on formulation,
the agricultural microbials market is segmented into dry and liquid. Liquid formulations can be water-based,
oil-based, polymer-based, or their combinations. Water-based formulations, such
as suspensions concentrates, suspo-emulsions, liquid concentrates, and capsule
suspensions, require the addition of inert ingredients, which include
stabilizers, stickers, surfactants, coloring agents, antifreeze compounds,
suspending agents (that consists of bentone), and additional nutrients. Typical
liquid formulating lines consist of storage tanks or containers to hold active
ingredients and inert materials, and a mixing tank for formulating pesticide
products.
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By crop
type, the agricultural microbials market is segmented into cereals & grains, oilseeds & pulses, fruits &
vegetables, and other crop types. A large number of products are
available in the agricultural microbials industry for the protection and
enhancement of fruit & vegetable crops. TRIANUM-P Biocontrol (Koppert
B.V.), LifeGuard (Certis USA LLC), and Delsol (UPL OpenAg) are some of the
microbial products commonly used for improving plants’ resistance to stress
caused by climatic conditions, diseases, or sub-optimal watering regimes. These
also help in improving the nutrient uptake by plants. Grandevo (Marrone Bio
Innovations) and RootShield (BioWorks, Inc.) contain active ingredients that
repel, inhibit feeding, slow reproduction, and bring about mortality to prevent
the growth of the damaging pest population and damage due to fungi.
The market
in Asia Pacific is projected to drive market growth during the forecast period,
in terms of value. China and India, the two key agronomic countries in
the region, are among the fastest-growing markets observed in terms of the
adoption of organic farming practices that boosts the potential for the demand
of microbial agricultural products. Asia has the largest number of organic
farmers, which is 815,070. Earlier, the industry in the region was
export-oriented for the market of organic food products; however, there is an
increasing focus on the domestic as well in recent years.
Key players such as BASF SE (Germany) and Bayer AG (Germany) in the agricultural
microbials market are focusing on agreements, collaborations, &
partnerships, new product launches, and acquisitions to expand their global
footprint.