Global Bacteria Based Agricultural Microbials Market – Industry Trends and Forecast to 2030

Bacteria Based Agricultural Microbials Market Analysis and Size

According to the United Nations, the population of world is anticipated to reach 9.8 billion in 2050 and projected that it will reach around 11.2 billion in 2100. With augmented population, the global agriculture has to dual food production by 2050 and decrease the dependence on pesticides and inorganic fertilizers. Furthermore, in last few years the food insecurity has been moderate, which has affected atound 30% world population. As per the analysis of the Food and Agriculture Organization, in 2020 between 720 and 811 people faced hunger worldwide in the U.S. Thus, the increasing population has surged the concerns and demand for food to feed the increasing population which eventually enhance the market growth.

Data Bridge Market Research analyses that the bacteria based agricultural microbials market is expected to reach USD 5.80 billion by 2030, which is USD 3.56 billion in 2022, registering a CAGR of 6.30% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Bacteria Based Agricultural Microbials Market Scope and Segmentation

Market Definition

Bacteria-based agricultural microbials refer to those microorganisms used in agriculture to increase yield quality and crop productivity. These microbials can surge the growth of the plant by improving access to supplements. Bacteria based microbes help to decompose organic matter and recycle the agricultural waste material. Furthermore, they provide nitrogen, phosphorus and other nutrients and provide benefits, comprising resistance to insects and plant diseases and heat and drought tolerance.

Bacteria Based Agricultural Microbials Market Dynamics

Drivers

• Increasing awareness regarding safe food among the population

The awareness of safe food has augmented among the population, which can be witnessed through the reported decline in food safety problems. According to the report of the European Commission, the notification of food safety alerts, comprising pesticide residues, has reduced in numerous nations. This specifies the sustainable production practices which has undertaken by the suppliers and the producers across the chain. Therefore, increasing awareness regarding the food safety is predicted to surge the use of bacteria based agricultural microbials in crop protection which is likely to drive the market growth.

• Multiple benefits associated with bacteria based agricultural microbials

Bacteria based agricultural microbials are rise in demand because these microbials are aiding several practices such as crop protection and soil improvement. Adoption of bacteria based agricultural microbials provide numeous benefits such as increased crop yield, nutrient uptake and organic cultivation. The benefits offered by bacteria-based agricultural microbials and the ever-increasing population have surged the demand for bacteria based agricultural microbials. As a result of multiple benefits associated with bacteria based agricultural microbials, increase the demand for these microbials which is expected to drive the market growth rate.

Opportunities

• Growing demand for food and their safety

According to Food and Agriculture Organization (FAO), the global population is projected to reach around 9 billion by 2050, increasing the demand for food to feed. Furthermore, the general people concerns over food and environmental safety are increasing the demand for the bacteria based agricultural microbials and create lucrative opportunities for the market growth. Other factors that increase the demand for bacteria-based agricultural microbials include crop intensification while pursuing progressively sustainable practices, adding integrated practices to close the yield gap and seeking biological substitutes to increase production with reduced pressure on the environment. Furthermore, surge in urbanization and less availability of arable land are encouraging the farmers to adopt effective crop-protection techniques. There has been a broader recognition and acceptance of the growing benefits of microbial. As a result of this increasing demand for bacteria-based agricultural microbials, agricultural production is being witnessed.

Restraints/ Challenges

• Multiple issues associated with bacteria based agricultural microbials market

Lower awareness levels and less commercialization of biologicals have curb the growth of the bacteris based agricultural microbial market. Bacterial-based agricultural microbials have high prices and restricted their use because of the delayed effects of bacteria agricultural microbial as compared to traditional chemical agrochemicals. As a result of this, generally farmers refrain from deploying these microbes.

This bacteria based agricultural microbials market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bacteria based agricultural microbials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Covid-19 Impact on Global Bacteria Based Agricultural Microbials

Before COVID-19 pandemic, the bacteria based agricultural microbials market was mostly driven by the rising demand for sustainable agriculture and increasing adoption of organic farming. However, numerous industries faced unprecedented challenges owing to the pandemic. Due to the shutdown, the agriculture industry declined several manufacturing units and supply chains. Research and development activities were put on hold to control the widespread of coronavirus. Manufacturers of bacteria based agricultural microbials faced labour shortage which hindered its manufacturing process.

However, in 2021, several economies resumed their operations because governments announced relaxation in the formerly imposed shutdown and restrictions, which positively impacted the global marketplace. Furthermore, manufacturers were allowed to operate at full capacity, which aided them overcome the supply and demand gap. Now, the market situation is far better than previous. Numerous countries are fully vaccinated, and bacteria based agricultural microbials product manufacturers are focusing on growing their production to increase their revenues.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Bacteria Based Agricultural Microbials Market Scope

The bacteria based agricultural microbials market is segmented on the basis of function, formulation, mode of application and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Function

• Soil Amendments
• Crop Protection

Formulation

• Dry Formulation

• Liquid Formulation

Mode of Application

• Soil Treatment

• Foliar Spray
• Seed Treatment

 Application

• Cereals and Grains
• Oilseeds and Pulses
• Fruits and Vegetables
• Turf and Ornamentals
• Other Applications

Bacteria Based Agricultural Microbials Market Regional Analysis/Insights

The bacteria based agricultural microbials market is analyzed and market size insights and trends are provided by country, function, formulation, mode of application and application as referenced above.

The countries covered in the bacteria based agricultural microbials market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to dominate the bacteria based agricultural microbials market in terms of revenue and market share due to increasing demand for organic food & stringent environmental regulations implemented may foster the agricultural microbials growth in this region. 

Asia-Pacific is anticipated to be the fastest-growing region in bacteria based agricultural microbials market during the forecast period of 2023-2030 due to increasing awareness regarding these products for use as a crop protection technique among farmers. Furthermore, increasing number of major market in line with the presence of cheap labour will further boost the market growth in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Bacteria Based Agricultural Microbials Market Share Analysis

The bacteria based agricultural microbials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bacteria based agricultural microbials market.

Some of the major players operating in the bacteria based agricultural microbials market are:

• BASF SE (Germany)
• Bayer AG (Germany)
• Sumitomo Chemical Co., Ltd., (Japan)
• Monsanto Company (U.S.)
• Corteva (U.S.)
• Syngenta (Switzerland)
• Certis USA LLC (U.S.)
• CHR. Hansen Holdings (Denmark)
• Isagro (Italy)
• UPL (India)
• Verdesian Life Sciences (U.S.)
• Valent Biosciences (U.S.)
• Novozymes (U.S.)
• Koppert (Netherlands)
• DuPont (U.S.)
• Gujarat State Fertilizers & Chemicals Limited (GSFC) (India)

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