According to The Business Research Company’s Agricultural Microbial, The agricultural microbial market size has grown rapidly in recent years. It will grow from $5.85 billion in 2023 to $6.75 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to growing demand for sustainable agriculture, regulatory support, increased farm productivity, concerns over pesticide residues.
Learn More On The Agricultural Microbial Market:
https://www.thebusinessresearchcompany.com/report/agricultural-microbial-global-market-report
The agricultural microbial market size is expected to see rapid growth in the next few years. It will grow to $11.87 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to continued emphasis on sustainability, climate change adaptation, organic farming growth, global food security, integrated pest management (ipm), emerging markets. Major trends in the forecast period include advancements in biotechnology, research and development, collaboration and partnerships, microbial consortia, microbiome research, digital agriculture.Rising awareness about organic farming is expected to propel the growth of the agricultural microbial market going forward. Organic farming is a type of farming that does not use chemical pesticides, fertilizers, or other additives in farming. Organic farming makes use of a varied community of microorganisms to protect plants from illness and maintain soil health and productivity. For instance, according to the United States food and agriculture organization, in 2021, organic agriculture will be adopted and practiced in 187 countries, and almost 72.3 million hectares of agricultural land will be maintained organically by almost 3.1 million farmers. Therefore, raising awareness about organic farming drives the agricultural microbials market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=5936&type=smp
The agricultural microbial market covered in this report is segmented –
1) By Type: Bacteria, Fungi, Virus, Other Types
2) By Formulation: Dry Formulation, Liquid Formulation
3) By Function: Crop Protection, Soil Amendment
4) By Mode Of Application: Soil Treatment, Foliar Spray, Seed Treatment
5) By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Turf And OrnamentalsIncreasing investments have emerged as a key trend gaining popularity in the agricultural microbial market.
Major companies operating in the agricultural microbial sector are focused on investments to develop new technologies and products. For instance, in February 2021, ADM, a US-based nutrition, agricultural origination, and processing company, announced a significant equity investment in Acies Bio, a biotechnology firm established in Slovenia that specializes in research and development as well as manufacturing services for developing and expanding synthetic biology and precision fermentation technologies for use in food, agriculture, and industry. This investment will enable ADM to move forward with precision microbial fermentation activities more quickly by leveraging Acies Bio's considerable microbial expertise and contract manufacturing services.
The agricultural microbial market report table of contents includes:
Executive Summary
Agricultural Microbial Market Characteristics
Agricultural Microbial Market Trends And Strategies
Agricultural Microbial Market - Macro Economic Scenario
Global Agricultural Microbial Market Size and Growth
.
.
.
Global Agricultural Microbial Market Competitive Benchmarking
Global Agricultural Microbial Market Competitive Dashboard
Key Mergers And Acquisitions In The Agricultural Microbial Market
Agricultural Microbial Market Future Outlook and Potential Analysis
Appendix
Top 5 Major Key Players Are:
BASF SE
Syngenta AG
Koppert BV
Novozymes A/S
Bayer CropScience
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
According to the new market research report by IndustryARC titled “Agricultural Inoculants: By Crop Type (Cereals & Grains, Fruits & Vegetables, Others) By Application (Seed Inoculation, Soil Inoculation, Others) By Source (Bacterial, Fungal, Others) By Form (Solid, Liquid, Freeze Dried, Others)- Forecast(2018-2023)” the market is driven by the growing awareness about the necessity of soil minerals for plantgrowth.
To access the full report, click on below link:https://industryarc.com/Report/15177/agricultural-inoculants-market.htmlSelected Driving Factors Mentioned in the Full Report:• The growing inclination towards organic and environmentally friendly practices favor the growth of microbial inoculants.
• The increasing demand for food due to the rising global population followed by the limited availability of cultivable land enhances the growth of the agricultural inoculants market.
It has integrated its chemical and microbial product platforms into one division known as Seed Applied Solutions.
By Geography (16+ countries) F. By Entropy G. Company profiles 1.
New Edge Microbials Pty Ltd 15.
