A recent report published by Infinium Global Research on the agricultural microbials market provides an in-depth analysis of segments and sub-segments in the global as well as regional agricultural microbials market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional agricultural microbials market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global agricultural microbials market. According to the report, the global agricultural microbials market is projected to grow at a CAGR of 12.6% over the forecast period of 2019-2025.
Farmers and ranchers often think that microbes such as fungi, bacteria, and viruses are destructive to their crops or animals as well as themselves, but most of the microbes are beneficial. Soil microbes such as bacteria and fungi are essential for decomposing organic matter and recycling old plant material. Some soil bacteria and fungi form relationships with plant roots and form colonies in root nodules that provide important nutrients like nitrogen or phosphorus to the plant. Microbes such as fungi can colonize in the upper parts of plants and provide many benefits, including heat tolerance, drought tolerance, resistance to insects and resistance to plant diseases.
Growing population and rising food demand all over the globe is one of the factors contributing to the growth of the market. Rising initiatives for the pesticide-free (organic food) in developed and developing countries, fuelling the demand for use of agricultural microbials. Moreover, increasing awareness about the benefits of agricultural microbials is also contributing to the growth of the market. The involvement of the government and private sector for the enrichment of the agriculture field in developed and developing countries and rising initiatives for the implementation of the use of microbes in the agriculture soil, is escalating the growth of the market. On the other hand lack of knowledge about the utilization of microbes in agriculture, the field can hamper the growth of the market. However, the implementation of various government regulatory and financial policies may influence the global agricultural microbials market growth.
Geographically, the agricultural microbials market is classified into North America, Europe, Asia-Pacific and the rest of the world. The market in Asia-Pacific is anticipated to register significant growth in the forecast period, large agriculture zone, dense population, and larger food demand are such factors contributing to the growth of the market in this region. In terms of North America and Europe market is expected to grow with a healthy rate in the forecast period. Rising demand for healthy food, environmental protection laws and growing awareness about microbial farming are some factors contributing to the growth of the market in these regions.
The report on the global agricultural microbials market covers segments such as microbe type, and application. On the basis of microbe type, the sub-markets include bacteria, viruses, fungi, protozoa, and other microbial types. On the basis of application, the sub-markets include fruits and vegetables, cereals and grains, oilseeds, and other applications.
The report provides profiles of the companies in the market such as Syngenta AG, Sumitomo Chemical Company Ltd, Marrone Bio Innovations, Dow Chemical Company, Bayer CropScience, Novozymes, Gujrat State Fertilizers & Chemicals Ltd, Koppert B.V., DuPont, Certis USA LLC, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the agricultural microbials market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.