Growth of Agricultural Microbials Market and Key Industry Player Insights

According to the research report published by MarketsandMarkets, the global agricultural microbials market is projected to undergo significant growth, with estimations pointing to a value of USD 12.6 billion by 2027, with a notable CAGR of 14.6% during the forecast period.

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Several macroeconomic and microeconomic factors, coupled with the decreasing per capita arable land and increasing demand for fruits and vegetables, have fostered the trend of investing in R&D activities in the agriculture industry, leading to a substantial boost in the use of agricultural microbial products. Microbial biopesticides and biofertilizers are gaining prominence due to their ability to enhance nutrient uptake, pest resistance, and resilience in farming systems, thereby contributing to sustainable agriculture and the achievement of the United Nations' Sustainable Development Goals.

Syngenta AG, a key global market leader in crop protection products, has expanded its global presence through strategic acquisitions and innovative product launches, capitalizing on the growing demand for sustainable agricultural practices, particularly in emerging markets such as China. The company's focus on research and development has led to the development of novel active chemicals, contributing to the growth of the agricultural microbials market. The shift in consumer preference towards organic food crops and the phase-out of chemical active ingredients have further propelled the market, owing to the associated health benefits.

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The report segments the agricultural microbials market based on type, function, crop type, mode of application, formulation, and region, emphasizing the significance of crop-specific pests in driving the demand for microbial solutions. Moreover, the adoption of seed treatment using biopesticides has gained traction, as it offers targeted pest control without harming beneficial organisms and minimizes the environmental impact of excessive pesticide use.

North America, a key exporter of agricultural products, is expected to contribute significantly to the market's growth, driven by factors such as the rise in organic farming, efficient infrastructure, and favorable government initiatives, including the Agricultural Improvement Act established in 2018. Notable players in the agricultural microbials market include FMC Corporation, Corteva Agriscience, Marrone Bio innovations, and Valent Biosciences, among others.

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