agricultural microbials Market report covers a brief overview of the segments and sub-segmentations including the product types, applications, companies and regions. This report describes overall Market size by analyzing historical data and future forecast. It also helps in understanding the market status, growth opportunity, prime challenges and provides exhaustive analysis of the industry, profiling of the reputed market players, competitor information, which collectively enables in streamlining marketing plan of action, and strategic decision-making.
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Global agricultural microbials market is valued approximately USD 3.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 15.0% over the forecast period 2020-2026. In agricultural practices various beneficial soil microbes are used. They include bacteria and fungi that help release nitrogen, control the diseases of plants, decompose organic matter, and many more. Agricultural microbials, such as bio fungicides, biopesticides, biofertilizers, bioinsecticides and others, are used in several agricultural sectors. The ever-increasing demand for food is playing a vital role in the growth of the global market for agricultural microbials. Agricultural microbials are biofertilisers useful for improving crop yields as well as for improving human health. They are boosting plant growth and increasing crop yields and are less environmentally harmful, and they also reduce the cost of chemical fertilizers. Furthermore, the rapidly growing global population is stepping up food demand, thereby boosting regional growth. Shorter microbial shelf-life is the restraining factor of agricultural microbials. This is further compounded by climate change. Consumer interest in organic products is growing along with consumer interest in organic products is the opportunity factor.
Growth of the global market for agricultural microbials is driven primarily by rising food demand in the US and Europe. The major driving factor of the global market is increased demand from developing economies. North America is expected to increase the prevalence of crop diseases and environmental protection laws to boost market growth for global agricultural microbials. North America is growing at a significant rate due to rising demand for organic food. Asia Pacific will show substantial growth in the future. Major developing countries like China and India have created new growth opportunities owing to higher food demand. This trend will continue as the importance of the agricultural sector increases in the future.
Major market player included in this report are:
Bayer CropScience AG
The objective of the study is to define market sizes of different segments ; countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors ; challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Crop Type:
Grains and Cereals
Pulses and Oilseeds
Vegetables and Pulses
By Mode of Application:
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