Global Agricultural Microbials Market to Grow at a CAGR of 14.2% During the Period 2022-2027, Driven by Demand for Sustainable Microbial-based Agricultural Solutions

As global demand for food increases, the agricultural sector is confronted by the challenge of enhancing productivity while decreasing the sector’s environmental effect. Microbial-based solutions enable superior crop growth, protection, and yield, reducing dependency on chemical-based solutions. Microbial-based agricultural solutions act as crop probiotics, biofertilizers, biostimulants, biocontrols, and biofungicides, among others. These products may carry one or multiple strains of bacteria or fungi, and may be applied to the soil, seeds, or as foliar sprays. The global market for agricultural microbials is expected to be driven by demand for and adoption of sustainable and innovative microbial-based solutions. North America, Europe, Latin America, and Asia are expected to be key markets.

The last decade has witnessed a significant increase in the development of agricultural microbial-based products, including bacteria and fungi. While several leading and established companies have engaged in constant research and development and increased investments to come up with innovative microbial-based agricultural solutions, multiple start-up firms have emerged that are focused on microbial product design and development. In 2022, Corteva Agriscience introduced a novel foliar bionutrient - Kinsidro® Grow - in Europe through an agreement with Pro Farm Technologies, a subsidiary of Marrone Bio Innovations. Kinsidro® Grow is a solution that supplies plants with key nutrients, strengthening the flora.

In 2021, Corteva expanded an agreement with Elemental Enzymes to deliver growers an innovative biofungicide for a wide range of row crops including soybeans, cereals, corn, oilseeds, rice and sugarcane, as well as turf and ornamental applications. The naturally derived peptide primes the plant’s immune system and enables the plant to defend itself from fungal diseases like Asian soybean rust, Cercospora, and wheat head scab.

In 2020, Sound Agriculture partnered with Syngenta to decrease nitrogen use in China while maintaining on-farm productivity. Sound Agriculture's flagship product SOURCE™ stimulated soil microbes to access more nitrogen and phosphorus at the root zone, decreasing the need for nitrogen fertilizer.

In 2021, UPL announced a long-term collaboration with Chr. Hansen to develop and commercialize microbial-based solutions (including biostimulants and biopesticides) to help growers across the globe combat pests and diseases, and enhance crop quality and yield. Through the collaboration, UPL sought to capitalize on its global presence to carry out research and recognize opportunities and product concepts to address growers' pain points. On the basis of findings, Chr. Hansen would devise biological products according to their microbial capabilities while UPL registered and commercialized the products through its extensive global distribution network.

In 2021, UPL Ltd. launched a new Natural Plant Protection (NPP) business unit to increase the company’s biosolutions capacity for sustainable agricultural offerings globally.

In 2022, Koppert Spain signed an agreement with UPL Iberia to market many of its biological solutions in Spain and Portugal. The agreement afforded Koppert access to a wider distribution network. UPL would sell Trianum-P, Trianum G, Mycotal and Pegafit by Koppert under UPL’s own brands - Thoderm P, Thoderm-G, Lecisum and Barandel, respectively.

Key Findings of the Report:

• Global demand for and increasing adoption of sustainable and effective microbial-based solutions are expected to drive the market. 
• Constant research and development by companies has led to novel, innovative and superior product offerings. Such technologically advanced products are likely to boost the market. 
• North America, Europe, Latin America, and Asia are projected to be key markets.

Market Analysis by Type, Function, Crop Type, Application, Formulation, and Region:

• By type, the market is classified into Bacteria (further broken down by type into Bacillus Spp., Rhizobium Spp., and Others), Fungi (further broken down by type into Trichoderma Spp., Mycorrhizal Fungi, and Others), Viruses and Protozoa.
• By function, the market is divided into Soil Amendment (further broken down by type into Bio-fertilizers and Bio-stimulants) and Crop Protection (further broken down by type into Bioinsecticides, Biofungicides, Bioherbicides, Bionematicides, and Others).
• By crop type, the market is segmented into Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others.
• By application, the market is classified into Foliar Spray, Soil Treatment, Seed Treatment, and Post-Harvest.
• By formulation, the market is divided into Dry (further broken down by type into Dry granules and Water Dispersible Granules) and Liquid (further broken down by type into Emulsifiable Concentrates, Suspension Concentrates and Soluble Liquid Concentrates).
• By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa).

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.