The global agricultural microbial market is experiencing
growth due to increase in demand for bio-fertilizers and nutrient
management where microbial-based bio-fertilizers, such as
nitrogen-fixing bacteria and phosphate solubilizing microbes, offer
sustainable alternatives to chemical fertilizers. They promote
nutrient cycling, reduce nutrient runoff, and enhance soil
fertility, contributing to long-term soil health and
productivity.
WILMINGTON, Del., Aug. 22,
2024 /PRNewswire/ -- Allied Market Research published
a report, titled, "Agricultural Microbial
Market by Microbe Type (Bacteria, Fungi, Viruses and
Others), Crop Type (Cereals & Grains, Fruits & Vegetables,
Oilseeds & Pulses and Others), Formulation (Liquid and Dry),
and Application (Soil Treatment, Seed Treatment, Foliar Spray and
Others): Global Opportunity Analysis and Industry Forecast,
2024-2033". According to the report, the agricultural microbial
market was valued at $7.1 billion in
2023, and is estimated to reach $27.7
billion by 2033, growing at a CAGR of 14.7% from 2024 to
2033.
Prime determinants of growth
The global agricultural microbial market is experiencing growth
due to restoration of degraded lands where microbial solutions play
a vital role in restoring degraded soils and ecosystems, including
contaminated sites, eroded lands, and marginal agricultural areas,
thereby supporting land rehabilitation and biodiversity
conservation efforts. However, the high initial cost associated
with microbial products is expected to hamper the market growth.
The surge in integration of microbial applications with digital
farming technologies facilitates real-time monitoring,
optimization, and decision-making, is expected to provide lucrative
opportunities in the agricultural microbial market during the
forecast period.
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Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2033
|
Base Year
|
2023
|
Market Size in
2023
|
$7.1 billion
|
Market Size in
2033
|
$27.7
billion
|
CAGR
|
14.7 %
|
No. of Pages in
Report
|
300
|
Segments
Covered
|
Microbe Type, Crop
Type, Formulation, Application, and Region
|
Drivers
|
Increase in demand for
sustainable agriculture
Surge in soil
remediation and restoration
|
Opportunity
|
Increase in demand for
sustainable agriculture
|
Restraint
|
Limited shelf life and
storage requirements
|
The bacteria segment is expected to dominate the agricultural
microbial market throughout the projected period
Bacteria are widely used in agriculture for various purposes
such as nitrogen fixation, nutrient solubilization, and disease
suppression. Certain strains of bacteria, like those belonging to
the genera Rhizobium and Bradyrhizobium, form symbiotic
relationships with leguminous plants, enabling them to convert
atmospheric nitrogen into a form that plants utilize, thus reducing
the need for synthetic fertilizers. In addition, bacteria like
Bacillus and Pseudomonas are known for their ability to produce
antibiotics and enzymes that inhibit the growth of plant
pathogens.
The cereals & grains segment is expected to remain the
largest type throughout the forecast period
Microbial inoculants are applied as seed treatments to improve
seed germination, seedling vigor, and early root development. This
results in better establishment and growth of cereals and grains,
leading to higher yields. Legume crops such as soybeans, lentils,
and peas form symbiotic relationships with nitrogen-fixing bacteria
such as Rhizobium. These bacteria convert atmospheric nitrogen into
a form that plants use, thus reducing the need for nitrogen
fertilizers.
The liquid segment is expected to lead throughout the
forecast period
Liquid formulations are characterized by their fluid state,
which often includes solutions, suspensions, or emulsions. These
formulations are favored for their ease of application, as they
readily mixed with water and sprayed onto crops using various
irrigation systems or spraying equipment. Liquid formulations also
tend to have better coverage and distribution on plant surfaces,
ensuring more effective contact with target pests or pathogens. In
addition, liquid formulations offer advantages in terms of
stability and shelf life, as certain active ingredients are better
preserved in solution form.
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The soil treatment segment is expected to dominate the
airport lighting market throughout the forecast period
Soil treatment involves the application of microbial agents to
enhance soil health, fertility, and overall productivity. Microbial
inoculants, such as beneficial bacteria and fungi, are introduced
into the soil to promote nutrient cycling, improve soil structure,
and suppress plant pathogens. Soil treatment is increasingly
gaining traction due to its compatibility with organic farming
practices and its ability to reduce reliance on synthetic
fertilizers and chemical pesticides. As environmental concerns
continue to mount, there is a growing emphasis on adopting
eco-friendly agricultural practices, further fueling the demand for
microbial soil treatments.
Asia-Pacific to maintain its
dominance by 2033
In Asia-Pacific countries, the
usage of agricultural microbes varies significantly due to the
region's diverse agricultural landscapes and socioeconomic factors.
For instance, in countries like India and China, where agriculture is a vital component
of the economy and smallholder farming is prevalent, there is
widespread adoption of biofertilizers and biocontrol agents. These
microbial products offer cost-effective solutions for enhancing
soil fertility and managing plant diseases, particularly in regions
with limited access to chemical inputs or where sustainable
agriculture practices are prioritized.
In Japan and South Korea, advanced agricultural technology
and research infrastructure have led to the development and
adoption of innovative microbial products for crop improvement and
environmental management. These countries are at the forefront of
microbial biotechnology, with research institutions and companies
investing in the development of tailored microbial inoculants for
specific crops and environmental conditions. Additionally, in
countries such as Australia and
New Zealand, where extensive
livestock farming is common, microbial-based solutions for soil
remediation and waste management play a crucial role in minimizing
environmental impacts and ensuring sustainable agricultural
practices.
Players: -
- Atos SE
- Siemens Energy
- Schneider Electric
- GE Vernova
- Terex Corporation
- Vestas
- Iberdrola, S.A.
- JinkoSolar Holding Co., Ltd.
- AutoGrid Systems, Inc
- Constellation.
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Strategies:
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The report provides a detailed analysis of these key players in
the agricultural microbial market. These players have adopted
different strategies such as new product launches, collaborations,
expansion, joint ventures, agreements, and others to increase their
market share and maintain dominant shares in different regions. The
report is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
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