Global Agricultural Microbials Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Agricultural Microbials market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global agricultural microbials market size was US$ 8.5 billion in 2021. The global agricultural microbials market is forecast to grow to US$ 11.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 14.1% during the forecast period from 2022 to 2030.
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Microorganisms used in agriculture improve crop productivity and yield quality. These microorganisms are specifically regarded as agricultural microbial. Agriculture’s microbial play specific roles, making them suitable for use in a wide range of crops. Agricultural microorganisms are naturally occurring organisms such as bacteria that provide nutrients like phosphorus and nitrogen to plants.
Factors Influencing the Market
The growing need to feed an ever-increasing global population, combined with rising demand for sustainable farming practices and public concern about environmental safety, is one of the driving forces in the agricultural and microbial market.
Moreover, declining lands for farming practices will also drive the demand for the agricultural microbials market during the study period. Further, the discovery of biological alternatives to boost environmental production while reducing environmental pressure will also contribute to the agricultural microbials market growth.
Growing awareness about the importance of agricultural microbials, majorly for pest management practices, will drive the agricultural microbials market forward. In addition to that, rising consumer demand for organic food and rapidly growing use of organic farming will benefit the agricultural microbials market during the study period.
High cost and counterfeit products may limit the growth of the agricultural microbials market during the study period.
COVID-19 Impact Analysis
Demand for effective agricultural practices increased during the COVID-19 pandemic to increase crop yield. Furthermore, food demand increased abruptly after the COVID-19 outbreak, which created a substantial burden on the entire agriculture sector. Thus, it had been opportunistic for the agricultural microbials market.
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Regional Analysis
North America is forecast to hold the highest market share in the agricultural microbials market, owing to the rapidly rising organic agriculture sector. Furthermore, agricultural conversions from traditional to organic and research will upsurge the demand for effective agricultural microbials during the study period. The agricultural microbials market may also witness substantial growth opportunities due to growing awareness related to the environmental advantages of microbial solutions.
Competitors in the Market
? Bayer CropScience
? Sumitomo Chemicals Company Ltd.
? Monsanto Company
? Corteva
? Syngenta AG
? Certis USA LLC
? Marrone Bio Innovations
? CHR. Hansen Holdings
? Isagro S.p.A
? UPL Corporation
? Verdesian Life Sciences LLC
? Other Prominent Players
Market Segmentation
The global agricultural microbials market segmentation focuses on Type, Crop Type, Function, Application, Formulation, and Region.
On the basis of type
? Bacterial ((Bacillus spp, Rhizobium spp, Enterobacteriaceae, Pasteuria, and Streptomyces)
? Fungi (Trichoderma spp, mycorrhizal fungi, and others including Penicillium, Aspergillus, and Lecanicillium)
? Viruses
? Protozoa
On the basis of crop type
? Cereals & grains
? Oilseeds & pulses
? Fruits & vegetables
? Other crop types (Turfs, ornamentals, plantation crops, and forages)
On the basis of function
? Soil amendments (Biofertilizers and biostimulants)
? Crop protection
On the basis of mode of application
? Foliar spray
? Soil treatment
? Seed treatment
? Other modes of application
On the basis of formulation
? Dry (dry granules, water-dispersible granules, and wettable powders)
? Liquid (Emulsifiable concentrates, suspension concentrates, and soluble liquid concentrates)
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By Regional Outlook
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
What is the goal of the report?
? The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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