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The surge in global population has necessitated food security and this growing demand requires increased crop productivity by limiting the use of synthetic chemical pesticides and plant nutrition products. Aberrant usage of synthetic chemical farm inputs has led to the pollution of soil and water bodies across the world, which further induced concerns among the government bodies and the public. Key industry players and scientists have invested in the development of various farm input products including traditionally used as well as new biological products to benefit the farming community and protect the environment.
Agriculture microbial have received a great response in recent years as it is cost-effective, eco-friendly, and enhances crop production by protecting the crop from pests and provide nutrition. Agricultural microbes are more advantageous than synthetic chemicals/fertilizers as it is eco-friendly, it does not cause ill effects to the plants, soil, and the surrounding environment. American Academy of Microbiology revealed that microbial solutions have the potential to increase crop productivity by 20% and reduce fertilizer and pesticide requirements by 20% in 20 years of span.
Start-up companies in the agricultural microbial market are developing new capabilities to provide sustainable solutions to control the pests that have developed resistance to synthetic chemical pesticides. The requirement of low levels of fund and time and limited regulatory hurdles are the key factors that are attracting a large number of start-up companies to the field of agricultural microbial.
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In November 2018, the Danish Innovation Fund awarded a grant to Chr. Hansen, University of Copenhagen, and the Danish Technological Institute (DTI) to utilize their field expertise to develop natural solutions for sustainable agricultural crop production. The project titled “Bac4CroP” will run for four years with a fund of US$ 4.43 million (3.9 million Euro).
Agriculture Microbes include bacteria, virus, and fungi which are useful for the agriculture soil to improve its fertility and enhanced crop growth. Numerous pesticides are banned for use in agriculture due to their detrimental effects on the environment, human, and crop. Stringent regulatory hurdles in R&D, registration, production, and use of synthetic chemical pesticides and fertilizers, the increasing area under organic farming to meet the escalating consumer demand for organic food is boosting the global agricultural microbial market.
The short shelf-life of agricultural microbes and lack of awareness among the crop producers and supply chain constraints is the major hindrance of the global agricultural microbial market.
Some key companies that are present in the global agricultural microbial market are BASF, Monsanto, Sumitomo Chemical Co., Certis USA LLC, Novozymes, Bayer CropScience, Syngenta, ChemChina, BioWorks, Koppert, Arysta LifeScience, Marrone Bio Innovations, and DowDuPont.
· Dry formulation
· Liquid Formulation
By Mode of Application
· Soil Treatment
· Foliar Spray
· Seed Treatment
· Soil Ammendment
· Crop Protection
By Crop Type
· Oilseeds and Pulses
· Fruits and Vegetables
· North America (U.S., Canada, and Mexico)
· Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe)
· Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
· South America (Brazil, Argentina, and Rest of South America)
· Middle East & Africa, (South Africa, Israel, and Rest of MEA)
In terms of biofertilizers and biopesticides, bacteria is the dominating as it delivers stability to the soil and helps to decompose organic matter. Bacterial microorganisms such as Rhizobium helps to fix the atmospheric nitrogen into the soil to improve soil fertility.
The liquid formulation of agricultural microbes often used due to ease in application and convenient in use. Manufacturers are more focusing to develop dry formulations to make it suitable for transport, storage, and handling.
Seed treatment with beneficial microbes is usually done before sowing for enhanced crop growth as well as to protect it from disease and pests.
North America is dominating the region in global agricultural microbial market owing to precision farming, high crop production with a high demand for quality food. Europe is also growing in the global agricultural microbial market due to strict regulations on synthetic chemicals usage and ban on some of the key pesticides. The Asia Pacific region is also gradually growing in the market due to the increased demand in countries such as India and China.