Agricultural Microbials Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Agricultural Microbials Market reached USD 7,340.8 million in 2023 and is projected to grow at a CAGR of 14.7% from 2024 to 2032. This growth is driven by the rising demand for sustainable agricultural practices and the need to boost crop productivity. Microorganisms such as bacteria, fungi, viruses, and protozoa are used to improve soil health, promote plant growth, and protect crops from pests and diseases. Key trends include a shift towards sustainable and organic farming practices. Farmers and consumers are increasingly aware of the environmental impact of chemical pesticides and fertilizers, leading to a preference for bio-based alternatives. Regulatory measures in regions like Europe and North America support this shift.

The overall agricultural microbials industry is classified based on the type, function, formulation, mode of application, crop type, and region.

The bacteria segment was valued at USD 3,100.3 million in 2023 and is expected to grow at a CAGR of 15.4% from 2024 to 2032. This segment is crucial for sustainable farming, with nitrogen-fixing bacteria reducing the need for synthetic fertilizers, phosphate-solubilizing bacteria enhancing root development, and potash-mobilizing bacteria increasing potassium availability. Other beneficial bacteria contribute to overall soil health and plant resilience. Additionally, advancements in microbial research are leading to the development of tailored bacterial formulations that address specific soil deficiencies and crop needs, further driving the segment's growth.

The cereals and grains segment was valued at USD 2,610.9 million in 2023 and is projected to grow at a CAGR of 15.7% from 2024 to 2032. The adoption of agricultural microbials in crops like corn, wheat, rice, and barley is driven by the need for sustainable practices that improve soil health and crop yields. Microbial enhance nutrient uptake, disease resistance, and crop resilience, leading to increased productivity and profitability for farmers. Nitrogen-fixing bacteria are particularly important for cereal crop growth, while biostimulants and biofertilizers address soil depletion and climate variability.

North America's agricultural microbials market was valued at USD 2,559.5 million in 2023 and is expected to grow at a CAGR of 15.9%. The region's growth is driven by advanced agricultural techniques, a focus on sustainable farming, and favorable regulations. The U.S. and Canada are leading the adoption of microbial solutions to improve crop yields and soil quality. The demand for organic and non-GMO products is rising, and farmers are increasingly choosing eco-friendly alternatives to traditional chemicals. Consumer concerns about food safety and environmental impact are also boosting the use of biofertilizers, biopesticides, and biostimulants.

Product Code: 10716

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunity
  - 3.2.3.1 New opportunities
  - 3.2.3.2 Growth potential analysis
3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
  - 3.3.2.1 Sustainable manufacturing
    - 3.3.2.1.1 Green practices
    - 3.3.2.1.2 Decarbonization
- 3.3.3 Sustainability in raw materials
- 3.3.4 Pricing trends (USD/Ton), 2021 - 2032
  - 3.3.4.1 North America
  - 3.3.4.2 Europe
  - 3.3.4.3 Asia Pacific
  - 3.3.4.4 Latin America
  - 3.3.4.5 Middle East and Africa
3.4 Regulations and market impact
3.5 Porter's analysis
3.6 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Size and Forecast, By Type, 2021-2032 (USD Million, Tons)

5.1 Key trends
5.2 Bacteria
- 5.2.1 Nitrogen-fixing bacteria
- 5.2.2 Phosphate-solubilizing bacteria
- 5.2.3 Potash-mobilizing bacteria
- 5.2.4 Others
5.3 Fungi
- 5.3.1 Mycorrhizal fungi
- 5.3.2 Trichoderma
- 5.3.3 Others
5.4 Viruses
5.5 Protozoa

Chapter 6 Market Size and Forecast, By Function, 2021-2032 (USD Million, Tons)

6.1 Key trends
6.2 Soil amendments
- 6.2.1 Biofertilizers
- 6.2.2 Biostimulants
6.3 Crop protection
- 6.3.1 Bioinsecticides
- 6.3.2 Biofungicides
- 6.3.3 Bionematicides
- 6.3.4 Bioherbicides

Chapter 7 Market Size and Forecast, By Formulation, 2021-2032 (USD Million, Tons)

7.1 Key trends
7.2 Dry formulation
- 7.2.1 Granules
- 7.2.2 Powder
7.3 Liquid formulation
- 7.3.1 Suspension concentrates
- 7.3.2 Emulsifiable concentrates
- 7.3.3 Others

Chapter 8 Market Size and Forecast, By Mode of Application, 2021-2032 (USD Million, Tons)

8.1 Key trends
8.2 Foliar spray
8.3 Soil treatment
8.4 Seed treatment
8.5 Post-harvest

Chapter 9 Market Size and Forecast, By Formulation, 2021-2032 (USD Million, Tons)

9.1 Key trends
9.2 Cereals and Grains
- 9.2.1 Corn
- 9.2.2 Wheat
- 9.2.3 Rice
- 9.2.4 Barley
- 9.2.5 Others
9.3 Fruits and Vegetables
- 9.3.1 Apples
- 9.3.2 Berries
- 9.3.3 Citrus fruits
- 9.3.4 Tomatoes
- 9.3.5 Potatoes
- 9.3.6 Others
9.4 Oilseeds and Pulses
- 9.4.1 Soybean
- 9.4.2 Canola
- 9.4.3 Sunflower
- 9.4.4 Others
9.5 Other Crops
- 9.5.1 Turf and Ornamentals
- 9.5.2 Forage crops
- 9.5.3 Others

Chapter 10 Market Size and Forecast, By Region, 2021-2032 (USD Million, Tons)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Australia
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
10.6 MEA
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 South Africa
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Andermatt Group AG
11.2 BASF SE
11.3 Certis USA L.L.C
11.4 FMC Corporation
11.5 Koppert
11.6 Novozymes A/S
11.7 Sumitomo Chemical Co., Ltd
11.8 Varsha Bioscience and Technology India Pvt Ltd.
11.9 PI Industries Ltd
11.10 Indian Farmers Fertilizer Cooperative Limited