Market Overview:

Different beneficial soil microbes are employed in the agricultural practices. They include bacteria and fungi that assist in release of nitrogen, controlling plant diseases, decomposing organic matter, and many others. Agricultural microbials are employed in numerous agricultural segments as bio fungicides, biopesticides, biofertilizers, bioinsecticides, and others. Rather than controlling diseases and growth of pest, they are also employed in plant growth by utilizing nutrients like phosphorus and nitrogen.

Agricultural Microbials Market was valued USD 3.8 billion in 2020 and expected to be growing at a CAGR of 15.40%, to reach USD 7.8 billion by 2025.

Market drivers and restraints:

Agricultural microbials are getting increasingly popular in food production across the globe, therefore the escalated demand. Nevertheless, exponential growth in the population also fuels the growth of the global agricultural microbials market. Implementation of different government regulatory and financial policies may influence the world agricultural microbials market growth. Increasing food demand for food products by the populating and introduction of the friendly farming practices are estimated to propel the global agricultural microbials market growth in the next few years.

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Report segmented as:

By function:

crop protection
soil improvement
others
By application:

fruits & vegetables
cereals & grains
oilseeds
others
By type:

Protozoa
Bacteria
Virus
Fungi
Others
Geographical analysis:

On the basis of region, the global agricultural microbials market is segregated into North America, Europe, Asia Pacific, and the rest of the world (RoW). The Asia Pacific region is leading the market followed by North America. Increasing population, growing economy combined with government support to maximize agriculture production is driving the growth of the agricultural microbials market in this region. Furthermore, in the Asia Pacific region rising economies such as China and India, are expected to witness maximum growth in the global agricultural microbials market over the review period.

Important market players:

Major players operating in the global agricultural microbials market are Sumitomo Chemical Company Limited, Dow Chemical Company, Marrone Bio Innovations, Bayer CropScience, Novozymes, and Gujrat State Fertilizers & Chemicals Limited, Koppert B.V., DuPont, and Certis USA LLC. Other players include Syngenta Ag, BioAg Alliance, Arysta Lifescience Limited, Monsanto, Chr. Hansen, BASF SE, and Taxon.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for a better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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