Global Agricultural Microbials Market
The global Agricultural Microbials market was valued at USD 2.50 billion in 2016 and is projected to reach USD 8.78 billion by 2025, growing at a CAGR of 15.0% from 2017 to 2025.
The advent of useful micro-organisms has given boost to demand for agricultural microbials. These microbes present a natural way of restoring soil nutrients coupled with crop protection. Growing awareness about organic farming is expected to boost demand for agricultural microbials over the forecast period.
1. Market Drivers
1.1 Growing awareness regarding usage of agricultural microbials over agrochemicals
1.2 Increasing costs of fertilizers and pesticides
2. Market Restraints
2.1 Shorter shelf life
2.2 Impact of climate change
The global Agricultural Microbialsmarket is segmented on the type, crop type, function, formulation, mode of application, and region.
1. By Type:
2. By Crop Type:
2.1 Grains and Cereals
2.2 Pulses and Oilseeds
2.3 Vegetables and Pulses
3. By Function:
3.1 Crop Protection
3.2 Soil Amendment
4. By Formulation:
5. By Mode of Application:
5.1 Seed Treatment
5.2 Soil Treatment
5.3 Foliar Spray
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
The major players in the market are as follows:
1. BASF SE
2. Certis USA
3. DOW Agrosciences
4. Nufarm Ltd.
5. Sumitomo Chemical
6. Novozymes A/S
7. Koppert BV
8. Syngenta AG
9. Monsanto Company
10. Bayer CropScience AG
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Agricultural Microbials Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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