The global agricultural microbial market is evaluated at US$3,956.654 billion for the year 2019 growing at a CAGR of 12.61% reaching the market size of US$9,087.791 billion by the year 2026.
Agricultural microbials are used in agricultural practice to protect crops and increase their productivity. As synthetic pesticides and fertilizers have negative effects on the soil and human health, the demand for biopesticides has been gaining traction, which is anticipated to have a positive impact on the global agricultural microbial market in the coming years. Furthermore, the growing popularity of organic food and the rise of organic farming are some other factors anticipated to boost the growth of the global agricultural microbial market during the forecast period. Moreover, the rising population is leading to an increased demand for food, and hence the adoption of techniques that increase the productivity and protection of crops has been increasing, which is projected to propel the market growth during the assessment period.
The recent outbreak of the novel coronavirus disease had a positive impact on the global agricultural microbial market. The pandemic led to trade and transport restrictions which led to supply chain disruptions in the market. Also, the restrictions in the gathering and movement of people further provided hurdles to the operations. However, the demand for organic food surged during the pandemic due to its positive health impacts and led to an increased demand for agricultural microbials. This resulted in the overall growth of the market in the year 2020.
Rise of organic farming
One of the major factors which are anticipated to propel the growth of the global agricultural microbial market during the forecast period is the growing popularity of organic products and the growth of organic farming. As agricultural microbes are widely used in organic farming, the rise in organic farming is boosting the growth of the agricultural microbial market. Numerous studies have been conducted which have found that organically grown crops have higher nutritional content compared to the conventionally grown crops. Furthermore, organic farming improves soil fertility, reduces soil erosion, uses lesser pesticides, and has many other advantages over the conventional way of farming. As more and more farmers and people are getting aware of it, the prevalence of organic farming has been increasing around the world and is expected to continue growing in the coming years as well. According to the Research Institute of Organic Agriculture (FiBL), the global organic agricultural land has reached 72.286 million hectares in 2019, witnessing a growth of 36.572 million hectares or 102.4% in the preceding ten years. Oceania and Asia are the fastest growing regions witnessing a growth of 195.4% and 140.5% respectively. FiBL also reports that the organic agriculture share has increased from 0.8% in 2010 to 1.5% in 2019. The expansion of organic farming is projected to continue in the coming years as well and is anticipated to boost the growth of the global agricultural microbial market during the assessment period.
The market size value in 2019
The market size value in 2026
CAGR of 12.61% from 2019 to 2026
Forecast Unit (Value)
Type, Crop Type, Function, Mode of Application, Formulation, And Geography
North America, South America, Europe, Middle East and Africa, Asia Pacific
Certis USA, BASF SE, Novozymes, Sumitomo Chemical, Bayer CropScience, Queensland Agricultural Seeds, Syngenta AG, Dow AgroSciences, Novagreen Inc., XiteBio Technologies
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Frequently Asked Questions (FAQs)
Q1. What will be the agricultural microbial market size by 2026?
A1. The global agricultural microbial market is expected to reach a market size of US$9,087.791 million in 2026.
Q2. What are the growth prospects for the agricultural microbial market?
A2. The agricultural microbial market is expected to grow at a CAGR of 12.61% over the forecast period.
Q3. What is the size of the global agricultural microbial market?
A3. Agricultural Microbial market was valued at US$3,956.654 million in 2019.
Q4. What factors are anticipated to drive the agricultural microbial market growth?
A4. The growing trend of adopting organic farming as an alternative to conventional farming practices to achieve sustainability and lower the negative impact on the environment has contributed to driving the agricultural microbial market growth.
Q5. Who are the major players in the agricultural microbial market?
A5. Prominent/major key market players in the global agricultural microbial market include Certis USA, BASF SE, Novozymes, Sumitomo Chemical, and Bayer CropScience among others.
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Agricultural Microbial Market Analysis, by Type
6. Global Agricultural Microbial Market Analysis, by Crop Type
6.2. Cereals and Grains
6.3. Fruits and Vegetables
6.4. Oilseeds and Pulses
7. Global Agricultural Microbial Market Analysis, by Function
7.2. Crop Protection
7.3. Soil Amendment
8. Global Agricultural Microbial Market Analysis, by Formulation
9. Global Agricultural Microbial Market Analysis, by Mode of Application
9.2. Soil Treatment
9.3. Seed Treatment
9.4. Foliar Spray
10. Global Agricultural Microbial Market Analysis, by Geography
10.2. North America
10.3. South America
10.5. Middle East and Africa
10.5.1. Saudi Arabia
10.6. Asia Pacific
10.6.4. South Korea
11. Competitive Environment and Analysis
11.1. Major Players and Strategy Analysis
11.2. Emerging Players and Market Lucrativeness
11.3. Mergers, Acquisitions, Agreements, and Collaborations
11.4. Vendor Competitiveness Matrix
12. Company Profiles
12.1. Certis USA
12.2. BASF SE
12.4. Sumitomo Chemical
12.5. Bayer CropScience
12.6. Syngenta AG
12.7. Certis USA LLC
12.8. Marrone Bio Innovations Inc.
12.9. UPL Limited (Arysta Lifescience Limited)
12.10. IsAgro SpA
Certis USA LLC
Marrone Bio Innovations Inc.
UPL Limited (Arysta Lifescience Limited)
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