The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Rising Tide of Agricultural Microbial Market

• The agricultural microbial market has witnessed rapid expansion in recent years, with its size projected to reach $6.75 billion in 2024, showcasing a notable CAGR of 15.5%.
• Driving factors include the escalating demand for sustainable agriculture, regulatory support, amplified farm productivity, and growing concerns regarding pesticide residues.

A Glance into the Future

• Forecasts predict a robust growth trajectory for the agricultural microbial market, expecting it to soar to $11.87 billion by 2028, driven by a CAGR of 15.1%.
• Future growth will hinge on sustainability drives, climate change adaptation, the surge of organic farming, global food security imperatives, the adoption of integrated pest management (IPM), and the burgeoning of emerging markets.
• Emerging trends spotlight advancements in biotechnology, intensified research and development endeavors, collaborative ventures, the prominence of microbial consortia, microbiome research, and the integration of digital agriculture.

Organic Farming Movement’s Impact On The Agricultural Microbials Market

• The organic farming paradigm is set to be a significant catalyst for the agricultural microbial market’s expansion.
• Organic farming emphasizes the utilization of diverse microbial communities to safeguard plant health, fortify soil vitality, and enhance productivity.
• The global embrace of organic agriculture, witnessed in 2021 with adoption across 187 countries, drives the demand for agricultural microbials.

View More On The Agricultural Microbial Market Report 2024 – https://www.thebusinessresearchcompany.com/report/agricultural-microbial-global-market-report

Innovations Redefining The Agricultural Microbial Market

• Major industry players are intensifying efforts towards forging strategic partnerships to fortify their market presence.
• Notable instances include Indigo Ag’s collaboration with ISAOSA to introduce innovative microbial technology for enhanced nutrient utilization in Mexico.
• The partnership aims to leverage Indigo 30, a microbial product that bolsters corn crop yields, by integrating it directly with fertilizer.

Alltech Crop Science Expands Portfolio With Acquisition Of Ideagro

• Alltech Crop Science’s acquisition of Ideagro in January 2023 underscores its commitment to bolstering biological and microorganism-based offerings.
• Ideagro, a Spain-based agri-food research and development company, brings expertise in developing beneficial organisms for soil health.
• The acquisition aims to accelerate soil and crop research endeavors, further enhancing Alltech Crop Science’s capabilities.

Segmentation Insights
The agricultural microbial market segmentation includes:

1. By Type: Bacteria, Fungi, Virus, Other Types
2. By Formulation: Dry Formulation, Liquid Formulation
3. By Function: Crop Protection, Soil Amendment
4. By Mode Of Application: Soil Treatment, Foliar Spray, Seed Treatment
5. By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Turf And Ornamentals

North America Leads the Charge

• In 2023, North America emerged as the largest region in the microbial agriculture market, underlining its pivotal role in shaping industry dynamics.

RequestA Sample Of The Global Agricultural Microbial Market Report 2024:

https://www.thebusinessresearchcompany.com/sample_request?id=5936&type=smp

The Agricultural Microbial Global Market Report 2024 provides comprehensive insights on the agricultural microbial market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the agricultural microbial market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Agricultural Algaecides Global Market Report 2024

Agricultural Variable Rate Technology Global Market Report 2024

Agricultural Wastewater Treatment Global Market Report 2024

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company:https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:

LinkedIn:https://in.linkedin.com/company/the-business-research-company

YouTube:https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model:https://www.thebusinessresearchcompany.com/global-market-model