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The global agricultural microbials market size was USD 3.75 billion in 2018 and is projected to reach USD 10.97 billion by 2026, exhibiting a CAGR of 14.43% during the forecast period.
The increasing efforts to incite the use of agricultural microbials by government and market players will boost the growth of the market in forthcoming years. The farmers are actively looking for credible, beneficial, natural, and cost-effective options for their agri-commodities. Environmental concerns viz. sustainability, carbon-footprints, and emission intensities are attributing favorably for the market growth of microbial use in agriculture. Microbials are increasingly utilized to improve crop yields and there is a huge potential of their utilization as an alternative to conventional crop production inputs. The global market for this is driven by the increasing popularity of agricultural biologicals such as biopesticides, biostimulants, and biofertilizers among the growers to achieve natural and high-quality crops.
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Innovation and Product Development with Microbial-based Ingredients to Stimulate Market Growth
The increasing utilization of plant growth-promoting bacteria (PGPB) in the production of biopesticides and biofertilizers will remain as the agricultural microbials market trends. The future growth of plant growth-promoting bacteria is expected to emerge from developing markets where various bacteria species are effectively utilized as ideal agri-inputs. Moreover, several bacterial and fungal species are increasingly commercialized for their beneficial target-action effects. The prominent market players operating in the global market are embarking upon technological innovations to strengthen their product portfolio.
The Ever-rising Demand for Food is Playing a Crucial Role in the Growth of Market
Microbials are utilized in improving the crop yield and cultivation of organic food. The rapidly growing population is urging farmers to utilize sustainable agri-inputs. Microbes are the important active ingredient of microbial products that contribute to the overall growth of substitutes in synthetic agrochemicals. The functional superiority of microbials and their ability to complement soil microbiota is expected to drive the demand for microbials use in agriculture. The agricultural biologicals have witnessed robust popularity and demand as compared to synthetic agricultural inputs owing to its eco-friendly nature and cost-effectiveness. Moreover, the increasing consumer demand for foods devoid of any synthetic fertilizers and pesticides is expected to further propel the market growth.
High Environmental Risk Associated with the Utilization of Synthetic Fertilizers
The uses of synthetic fertilizers and pesticides have recorded large-scale and widespread damage to the environment. To reduce that damage sustainable solutions such as agricultural microbials are required to be adopted. There has been a strong call of action concerning the improvisation in agricultural management practices. The various government bodies, as well as non-governmental organizations, are highly supportive and providing funds and schemes to leverage the uses of microbials to reduce the environmental impact of fertilizers and pesticides.
Concerns with the Adaptation Rate of Agricultural Microbials
The lack of awareness about the benefits of microbials utilization and the lack of intensive commercialization activities by the market players is predicted to hamper market growth. The low adoption rate of agricultural microbial compared to synthetic microbial in developing nations will restrict the growth of the market. Furthermore, the sustainability and storage-stability of microbial cultures also hamper with its efficient utilization, the low on-seed survival rates of biologicals generally discourage farmers from utilizing agricultural microbes.
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Bacteria to be the Leading Segment with Extensive Future Growth Trajectory
The increasing utilization of bacteria in the production of biofertilizers, biostimulants, and biopesticides is anticipated to drive the segment’s growth in forthcoming years. The rising demand for bacteria-based agricultural microbes for the production of healthy and maximum yield in a sustainable manner is anticipated to leverage the market growth positively. Furthermore, various beneficial bacterial strains are readily available in the environment and they can be easily isolated and reproduced. The prominent market players operating in the global market are embarking upon the new launches of bacteria-based microbial solutions and investments in R&D activities related to the bacterial formulation, which is anticipated to further drive the market growth.
Liquid Formulation of Agricultural Microbials is Extensively Utilized among Farmers
The liquid form of microbials is predicted to hold a prominent share in the global market of agricultural microbials. The liquid formulations of the agricultural microbes have intensifying demand among growers owing to ease of application, convenience in the use of the product & to avoid any spoilage or wastage of the product due to contamination. However, the dry formulation of agri-microbes is also gaining traction among farmers owing to the relatively long shelf life, easy transportation, and storage of the product.
Foliar-based Application of Agricultural Microbials is Increasing Worldwide
Foliar spray is anticipated to witness robust growth in the global agricultural microbials market in forthcoming years owing to its better effect on abiotic stress tolerance. The foliar spray method is expected to result in quick growth of seedling after germination. Foliar spray treatment is also an easy to apply method that can act as curative and preventive treatments for specific plant diseases and deficiencies. Moreover, microbials used for seed treatment is also gaining traction among farmers due to the rising awareness regarding microbial-inoculum based seed treatment for restoring the microbial diversity and improving the overall soil fertility. The microbial products are widely utilized in seed-treatment to compliment the synthetic inputs.
Demand for Crop Protection Agricultural Microbials is Rising Across the Globe
Agricultural microbials utilized for crop protection is anticipated to hold a prominent share in this market, globally. The usage of microbials in crop protection is increasing due to the ability of microbial-based solutions to control a wide variety of plant pests and diseases. The farmers extensively utilized microbials for crop protection to optimum crop yield. The rising adoption of integrated pest management (IPM) practices for crop protection owing to the cost-effective and eco-friendly method to control the plant pests is attributed to the increasing demand for agri-microbes. Furthermore, the constant use of conventional chemical fertilizers to eradicate pest invasion from crops has led to the development of resistance to the effect of particular fertilizers among pests. Therefore, agricultural microbials are broadly used as an alternative to conventional chemical fertilizers.
Utilization of Agricultural Microbials in the Production of Fruits & Vegetables to Remain High
Agricultural microbials are comprised of microorganisms that help in promoting the adequate supply of nutrients to the host plants and ensure their proper development. Fruits and vegetables are major components of a balanced diet and they are consumed widely to ensure a good diet which, thus, accelerates the demand for fruits and vegetables worldwide. Microbial products are extensively utilized for the production of organic fruits and vegetables owing to its high profitability. The farmers have gravitated towards the cultivation of high-value crops such as organic fruit and vegetable which is expected to boost the demand for microbial products in agriculture. Moreover, the long term use of agricultural microbials for the cultivation of fruits & vegetables is economical, eco-friendly, and more efficient over chemical fertilizers, which is anticipated to increase the utilization of microbial products for the cultivation of fruits & vegetables.
North America Agricultural Microbials Market Size, 2018 (USD Billion)
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Supportive Policy and Regulatory Framework in North America to Offer Increased Use of Agricultural Microbial Products in Agriculture
North America currently holds the largest market share in the global market and is expected to retain its leading position during the forecast period. The rising area under the cultivation of high-value crops and increasing awareness among the farmers about the environmental benefits of microbial products are predicted to be favorable factors for the market growth in North America. The supporting policy and regulatory framework coupled with nail down efforts from agencies such as The National Science Foundation (NSF) and the U.S. Department of Agriculture's (USDA) is enabling the R&D activities. Furthermore, the prominent players operating in the region are embarking upon the increasing number of distribution channels to increase their footprint in the market. For instance, in April 2019, Novozymes announced a commercial partnership with Univar Solutions in the Canadian market, with the distribution rights of its main downstream BioYield enhancers.
Europe, Asia Pacific, and South America are expected to follow North America in terms of market share. In Europe, the stringent policies and the regulatory framework on the use of chemical fertilizers are expected to drive this market. Moreover, growing investment by governments and key market players in research & development of better biological solutions is anticipated to further propel the market growth. The rapid expansion of the organic market in countries such as Germany, Italy, Spain, and Denmark, is leading to increased use of microbe-based biofertilizers and biostimulants in the region.
South America is predicted to be the fastest-growing region during the forecast period. The increasing area under the cultivation of organic agriculture due to its high profitability and strong export potential is anticipated to boost the overall sales of bio-based agricultural products in the region. The farmers are more inclined towards agri-microbes for crop protection owing to their highly efficient nature of microbes-based biologicals in controlling a wide variety of plant pests and disease, which is projected to further propel the market growth.
Asia Pacific is anticipated to be the second-fastest-growing region owing to the fact that agriculture is one of the most significant revenue-generating sectors in China and India. Moreover, the rising awareness regarding microbial-inoculum based seed and soil treatment for restoring the microbial diversity and improving the overall soil fertility is projected to aid the market growth in Asia Pacific.
Certis USA LLC is one of the prominent companies in this market. The company is actively investing in R&D to develop modified and innovative strains of bacteria, fungi, and viruses for diversified applications across cereals and horticultural commodities. For instance, in July 2019, Certis USA LLC, introduced AgriPhage Citrus Canker, an innovative new solution to the rising issue of citrus canker in Florida. Moreover, there are number of market players such as Koppert, Valent BioSciences LLC, and others who are adopting significant strategies to establish their market prominence.
The increasing need for integrated pest management (IPM) in agricultural operations is significantly contributing to driving the agricultural microbials market growth across the globe.
The report provides qualitative and quantitative insights into the market. It also offers a detailed analysis of its types, formulations, application methods, functions, and crops for which they are used, their market size and growth rate for all possible segments in the market.
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Along with this, the report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are an overview of related markets, recent industry developments such as mergers & acquisitions, the regulatory scenario in critical countries, and key industry trends.
Value (USD Million)
By Application Method
Fortune Business Insights says that the value of the market was at USD 3.75 billion in 2018 and is projected to reach USD 10.97 billion by 2026.
Growing at a CAGR of 14.43%, the market will exhibit tremendous growth in the forecast period (2019-2026).
Bacteria is expected to be the leading type in the global market during the forecast period.
Innovation and product development with microbial-based ingredients is driving the growth of the market.
Certis USA LLC., ChemChina, Marrone Bio Innovations, BASF SE, Novozymes, and Valent BioSciences LLC., are few of the key players in the market.
North America is expected to hold the highest market share in 2018.
The utilization of agricultural microbials to grow vegetables and fruits is expected to remain high and the segment is anticipated to grow at the fastest pace during the forecast period.
Increasing demand for integrated pest management (IPA) in agricultural operations is one of the major growth factors for this market.
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