Agricultural Microbials Market Analysis, Size, Share, Growth, Trends, and Forecast - 2022

The report "Agricultural Microbials Market by Type (Bacteria, Fungi, Virus, and Protozoa), Function (Soil Amendment and Crop Protection), Crop Type (Cereals & Grains, Oilseed & Pulses, and Fruits & Vegetables), Mode of Application, Formulation, and Region - Global Forecast to 2022", Biological and organic farming are emerging into the agri-food mainstream. As the preference for nutrient-dense and FDA-certified crops remains high in retail stores, farmers focus on utilizing effective crop protection products such as agricultural microbials. In addition, retailers prefer accommodating shelves with high-quality produce to expand their customer base. This further encourages farmers to seal the majority of their crops with high nutrition quotient for increased sales and profits. Focus on allocating the majority of their cultivation field to high-quality produce has led to a surge in demand for agricultural microbials. According to MarketsandMarkets, the agricultural microbials market is projected to account for USD 6.0 billion by 2022, recording a CAGR of 14.2%.

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Rise in adoption of integrated pest management (IPM) practices across the globe

Over the last five decades, IPM has become the recognized strategy for crop protection, globally. IPM involves effectual control of pests through several compatible, integrated, cost-effective, and eco-friendly methods. It is considered a principal component of sustainable agricultural practices. The biological method of pest control is an important component of IPM. Biopesticides reduce the usage of conventional pesticides, while at the same time promote higher crop yield with effective pest control. It is an essential component in the production of various greenhouse crops. The market share earlier held by synthetic crop protection is gradually being replaced by biopesticides, which contribute to the growth of this market.

The continuous and extensive use of modern crop protection products to eradicate or reduce pest infestation and the loss caused by them has led to the development of resistance to the effect of crop protection products among pests. This resistance can be classified as metabolic resistance, target-site resistance, penetration resistance, and behavioral resistance. Biopesticides, mostly microbial pesticides, are used as an effective tool in IPM programs for management of pest resistance to conventional chemical pesticides.

Microbial pesticides also reduce environmental and worker exposure to synthetic pesticides. Nematode pest management, through the usage of microbial agents, is being recognized as a promising area in the current scenario of IPM practices. The renewed emphasis on IPM as a component of agricultural policy in regions such as Europe has also led to changes in the way biopesticides are regulated.

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The Agricultural Microbials Market in North America Is Projected To Record the Highest Growth During the Forecast Period

With the increasingly streamlined product registration process in this region, leading players find it easy to launch their products. Also, the high demand for health-enriching food products has led manufacturers to focus on organic farming. On account of these factors, the agricultural microbials market in North America is projected to record the highest growth during the forecast period.

Leading players identified in the agricultural microbials market include Bayer (Germany), BioWorks (US), BASF (Germany), Monsanto BioAg (US), and Certis (US). To sustain their position in the market, key players are adopting strategies such as new product developments, acquisitions, expansions, and agreements.

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