12th
June 2019 – Global
agricultural microbials market report offers the latest industry trends,
technological alteration and forecast data. A deep-dive view of agricultural
microbials industry based on its size, growth, development plans, and
opportunities is offered by this report. The forecast information, SWOT
analysis, agricultural microbials barriers, and feasibility study are the vital
aspects evaluated in this report.
The global agricultural microbials market is expected to display higher
growth rate over the forecast period. Rapid surge in the market is credited to
the shifting trend towards organic farming. Use of microbial technologies to
improve overall agriculture yields is expected to drive the growth of the
market over the forecast period.
Development of different programs involving microbial field testing is
anticipate to favor industry progress over the coming years. Globally, market
is predicted to generate massive revenue over the next seven years, providing
numerous opportunities for industry participants to invest in research and
development of agricultural microbials market.
Numerous initiatives and support provided by governments in different
countries for modernization of agriculture is estimated to aggravate market
value of agricultural microbials over the forecast period. To increase
production value and achieve higher profits in short duration of time, leads to
applying modern techniques in farming resulting in a significant growth in
agricultural microbials market is expected in the upcoming years. Increasing
use of agricultural microbial for wastewater treatment and recycling of
agricultural and industrial wastes are the key market trend associated with
agricultural microbials industry.
Agricultural microbials are currently used to enhance crop productivity,
plant health protection, and soil health maintenance. Additionally,
agricultural microbials are critical for dealing with environmental issues
involving bioremediation of soil and water treatment. Agricultural microbials
can separate organic and inorganic pollutants. Recycling of agricultural and
industrial wastes is one of the key application of agricultural microbials.
Agricultural microbials helps plant growth by carrying out bioremediation,
biodegradation, and bio-sorption processes.
The market is broadly categorized into major segments based on the type
of crop such as cereals & grains, oilseed & pulses, and fruits &
vegetables. Cereals & grains segment is growing rapidly in the market with
substantial revenue generation in the last few years. Growing popularity of
agricultural microbials in cereals & grains segment is attributed to the
growing focus towards crop protection.
The market is divided by region as North America, Europe, Asia-Pacific,
Latin America and Africa. North America has shown major growth in recent years
owing to the rise in implementation of latest technologies in organic farming
sector, surge in number of research & development activities and existence
of well-established agriculture infrastructure in the region. In European region,
Germany, France, and United Kingdom are projected to witness steady growth due
to the stringent laws against excessive use of chemicals and shifting trend
towards organic farming.
Asia-Pacific region is estimated to hold a major share in the
agricultural microbials industry with massive growth in forecast period.
Countries such as India, China and Singapore are leading the Asia-Pacific
market with increasing focus towards adoption of modern technology in farming
to produce high yield and demand of quality food and significant investment by
leading industry players considering potential growth opportunities in the
region.
The key players in the agricultural microbials market are The Monsanto
Co., Bayer CropScience AG, Syngenta AG, BASF SE, Arysta LifeScience Ltd.,
Sumitomo Chemical Co., Ltd., and Novozymes A/S.
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