Agricultural microbial market is expected to witness rapid growth in the future. Agricultural microbial refers to the microorganisms used in agriculture to enhance crop productivity and quality of yield. Microbial inoculants used in agriculture have target specific functions, and thus, are suitable for use in various crops. Agricultural microorganisms are the naturally occurring substances such as molds and bacteria that also supply nutrients such as phosphorous and nitrogen to plants. Microbes live in the soil and have close association with plants and together, they form microbiomel. Microbes include bacteria, fungi, virus, and protists among others. They can boost growth of the plant as by improving access to supplements. Many microbes are beneficial as they can help in decomposition of organic matter, recycling of old agricultural material, offer phosphorus or nitrogen as nutrients and provide benefits such as heat and drought tolerance along with resistance to insects and plant diseases. Agricultural microbials could prove to be essential for holistically improving plant health and enhancing crop productivity through economical solutions while controlling disease outbreak, bettering soil health condition, and refining the nutrient transportation process.

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Market Drivers:

Rising Demand for Sustainable Agriculture: With an increasing global population and heightened environmental awareness, there is a growing demand for sustainable agricultural practices. Agricultural microbials offer an eco-friendly alternative to traditional chemical inputs, promoting soil health and reducing the environmental impact of farming.
Organic Farming Trends: The surge in consumer preference for organic products has propelled the adoption of organic farming practices. Agricultural microbials play a crucial role in organic farming by serving as bio-fertilizers, bio-pesticides, and bio-stimulants, aligning with the principles of organic agriculture.
Government Initiatives and Regulations: Governments worldwide are recognizing the importance of sustainable agriculture and are implementing policies to promote the use of microbial products. Incentives, subsidies, and regulations favoring bio-based inputs are contributing to the expansion of the agricultural microbial market
Market Trend

In March 2020 a new automated greenhouse facility was developed in Marana, Arizona, U.S., by Bayer CropScience, for providing growers with the most innovative, sustainable, and technically advanced agricultural solutions, focusing on crop protection solutions.
In January 2020 BASF SE, for its Agricultural Solutions business in Singapore, developed a multipurpose facility designed to handle six different formulation technologies and supply the company's patented crop protection products to farmers across the fast-growing Asia Pacific region.
In October 2019, Bayer CropScience launched its latest biological innovations, collectively known by the brand name, Biologicals, by Bayer at 2019 Annual Biocontrol Industry Meeting (ABIM).
In April 2020, Sumitomo Chemicals invested $30 million into a joint venture with Conagen, a U.S. biotechnology company. Through this, the company aimed to promote its strategic business alliance with Conagen further and develop innovative high functional products and processes by way of innovative use of biologicals.
Agricultural biotechnology company AgBiome discovers solutions to combat problem of damage of crops due to pests and diseases. Based on a large and expanding core collection of fully sequenced microbes from the plant-soil microbiome, this problem can be solved. Using the innovative platform, both the microbes and their genome sequences are employed in the discovery of new traits and biological products for disease and pest control in crops.
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Market Segmentation:

Product Types:
Biofertilizers: Microbial agents that enhance nutrient availability in the soil, promoting plant growth.
Biopesticides: Microorganisms that control pests and diseases, reducing the reliance on chemical pesticides.
Biostimulants: Compounds that stimulate plant growth and improve crop resilience.
Microbial Strains:
Bacteria: Beneficial bacteria like rhizobium and nitrogen-fixing bacteria.
Fungi: Mycorrhizal fungi that form symbiotic relationships with plant roots.
Viruses: Phages and other viruses used for biocontrol.
Application Areas:
Crops: Market segments based on crop types, such as cereals, fruits, vegetables, and pulses.
Soil Treatment: Microbial applications for soil health improvement and remediation.
Seed Treatment: Coating seeds with beneficial microorganisms for improved germination and plant establishment.


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Key Benefits of the Report

This study presents the analytical depiction of the Agricultural Microbial market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Agricultural Microbial market share.
The current market is quantitatively analyzed to highlight the Agricultural Microbial market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed Agricultural Microbial market analysis based on competitive intensity and how the competition will take shape in coming years
Key Market Players:

Nufarm Ltd
Novozymes A/S
Sumitomo Chemical Company Ltd
Bayer CropScience AG
Syngenta AG
BASF SE
AgBiome LLC
Mitsubishi Shoji Foodtech Co. Ltd
Koppert B.V
Dow AgroSciences LLC
Conclusion:

The agricultural microbial market is witnessing robust growth, fueled by the increasing demand for sustainable and organic agriculture. As the industry continues to evolve, innovation and collaboration will be pivotal in addressing challenges and unlocking new opportunities for stakeholders across the agricultural value chain.

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