Agricultural Microbials Market to be Worth USD 16.02 Billion by 2032; Growing Adoption of Organic Farming to Drive Market Growth

The global agricultural microbials market size was valued at USD 6.17 billion in 2023. The market is projected to grow from USD 6.85 billion in 2024 to USD 16.02 billion by 2032, exhibiting a CAGR of 11.21% during the forecast period.

Fortune Business Insights™ presents this information in its report titled, “Agricultural Microbials Market Size, Share & Industry Analysis By Type (Bacteria, Fungi, Virus, and Others), By Formulation (Dry and Liquid), By Function (Soil Amendment and Crop Protection), By Application Method (Foliar Spray, Soil Treatment, Seed Treatment, and Others), By Crop (Cereals, Oilseed & Pulses, Fruits & Vegetables, and Others), and Regional Forecast, 2024–2032”.

Agricultural microbials are products prepared for agricultural purposes, and these products are applied by various methods, including soil treatment, foliar, seed treatment, and others, with a goal to achieve substantial benefits related to crop growth and health. Increasing adoption of organic farming to drive market growth.

The COVID-19 pandemic had a negative impact on market expansion owing to the imposed border closures and restrictions by many governments globally caused by the COVID-19 lockdowns.

Croda Crop Care Introduced Atlox BS-50 to Cater to the Biopesticides Market

In September 2023, Croda Crop Care announced the introduction of its new product, Atlox BS-50. The newly launched product is a delivery system, which is particularly designed to cater to the surging biopesticides market.

Surging Average Global Temperature to Augment Market Expansion

The agricultural microbials market growth is propelling due to the surging average global temperature, decreasing arable land, and rapid climate change in many regions. The growing proliferation of pests has also increased the demand for high-quality pest control globally, augmenting the market expansion. Additionally, the market is also driven by the surge in the demand for agricultural produce along with the rising population, which results in high food consumption.

However, the lower seed survival rates of agricultural microbials and storage stability hinders their effective use, restraining market growth.

Growing New Product Developments by Key Players to Fuel Market Expansion

The agricultural microbials market is fragmented by the presence of key players, such as Certis USA LLC, BASF SE, and others. These key players are focusing on the research and development for new product developments to build a strong product portfolio, further augmenting market expansion.

Notable Industry Development

• April 2022 – Bayer CropScience and Ginkgo Bioworks signed an agreement in which Ginkgo Bioworks will be acquiring the West Sacramento Biologics Research & Development site of Bayer and also the lead optimization and internal discovery platform. The partnership is expected to boost Bayer’s high-quality microbial-based solutions portfolio expansion for growers globally.

List of the Companies Profiled in the Report:

• Certis USA LLC (U.S.)


• ChemChina (China)


• Marrone Bio Innovations, Inc. (U.S.)


• Koppert Biological Systems (Netherlands)


• Varsha Bioscience and Technology Pvt. Ltd. (India)


• Andermatt Biocontrol AG (Switzerland)


• BASF SE (Germany)


• Sumitomo Chemical Co., Ltd. (Japan)


• Novozymes (Denmark)


• Bioceres S.A. (Argentina)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/agricultural-microbial-market-100412

Further Report Findings-

• North America is dominating the market and is expected to hold a significant agricultural microbials market share during the forecast period. The growth is attributed to the surging awareness regarding the environmental benefits of these microbes.


• Europe is the second dominating region in the market and is expected to hold a high market share during the forecast period. The region’s growth is attributed to the strict regulations regarding the use of synthetic agriculture input products.


• The surging awareness among farmers and high profitability of microbial products is driving the market growth in South America.

Table of Segmentation: