Zion Market Research, the market research group announced the analysis report titled ‘Agricultural Microbial Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024‘
Global Agricultural Microbial Market: Overview
Various beneficial soil microbes are used in the agricultural practices. They include bacteria and fungi that help to release nitrogen, controlling plant diseases, decomposing organic matter, and many others. Agricultural microbial are employed in several agricultural sectors as bio fungicides, biopesticides, biofertilizers, bioinsecticides, and others. Rather than controlling diseases and growth of pest, they are also used in plant growth by utilizing nutrients such as phosphorus and nitrogen.
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Global Agricultural Microbial Market: Segmentation
The global market for agricultural microbial has been classified based on application, microbe type, and geography. The microbe type segment includes protozoa, bacteria, virus, fungi, and so on. Of these, bacteria are the leading segment and are expected to grow substantially in the agriculture sector. However, the bacterial microbes are further sub-segmented as bacillus subtitles, bacillus thuringite NSIS, rhizobium, and others. The application segment comprises fruits & vegetables, cereals & grains, oilseeds, and others. Of these, fruits and vegetables contribute for the largest market chunk in the global market.
Global Agricultural Microbial Market: Growth Factors
Agricultural microbial are getting increasingly popular in food production across the world, hence the increased demand. However, exponential growth in the population also boosts the growth of the global agricultural microbial market. Implementation of various government regulatory and financial policies may influence the global agricultural microbial market growth. Rising food demand for food products by the populating and introduction of the friendly farming practices are expected to propel the global agricultural microbial market growth in the next few years.
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Global Agricultural Microbial Market: Regional Analysis
The global agricultural microbial market growth is primarily driven by the rising demand for food in the U.S. and Europe. Higher demand from developing economies is the major driving factor of the global market. Increasing prevalence of crop diseases and environmental protection laws is North America are anticipated to boost global agricultural microbial market growth. Major developing countries such as China and India have created new growth opportunities owing to higher demand for food products. In addition, innovative technology and new production practices to protect crop yield will enhance the global market. This trend will be continuing in future as the importance of the agriculture industry rises. North America is growing at a significant rate due to rising demand for organic food and stringent environmental regulations implemented may foster the global agricultural microbial market growth. Asia Pacific shows considerable growth in the coming future.
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Global Agricultural Microbial Market: Competitive Players
Key players operating in the global agricultural microbial market are Sumitomo Chemical Company Limited, Dow Chemical Company, Marrone Bio Innovations, Bayer CropScience, Novozymes, and Gujrat State Fertilizers & Chemicals Limited, Koppert B.V., DuPont, and Certis USA LLC. Other players include Syngenta Ag, BioAg Alliance, Arysta Lifescience Limited, Monsanto, Chr. Hansen, BASF SE, and Taxon.
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