Agricultural Microbial Market by Type (Bacteria, Fungi, Virus, Others), by Formulation (Dry, Liquid), by Function (Soil Amendment, Crop Protection), by Application Method (Foliar Spray, Soil Treatment, Seed Treatment, Others), by Crop (Cereals, Oilseeds & Pulses, Fruits & Vegetables, Others), by North America (U.S., Canada, Mexico), by Europe (Germany, France, Italy, Spain, U.K., Russia, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by Middle East and Africa (South Africa, Israel, Rest of ME&A) Forecast 2024-2032
The Agricultural Microbial Market size was valued at USD 5.27 USD Billion in 2023 and is projected to reach USD 11.49 USD Billion by 2032, exhibiting a CAGR of 11.78 % during the forecast period. The Microbial Market for Agriculture is gaining momentum as it became obvious that the efficiency of agricultural production can be enhanced through the adoption of sustainable farming methods. Benefit organisms like microorganisms (like bacteria and fungi) bacteria), and other microbes all adopt good health of the soil, plants and crop-yielding capacity while saving the cost of chemical fertilizers and pesticides Their microbiological products, ranging from biofertilizers, biopesticides, and biostimulants, are used to enrich the soil by being applied to seed, soil, or plants themselves. They can also be treated as seeds and sprayed on the leaves. For instance, these cover crops help in soil structure improvement, in public health and protect crop yield growth. The main advantage of the application of agricultural microbial products is the richer harvest of crops, better conditions for the soil, reduction of chemical usage and increased sustainability that is beneficial for farmers and the environment as a whole.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 11.78% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 11.78% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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