The Agricultural Microbials Market is being driven by Growing adoption of organic farming
The Agricultural Microbials Market is expected to grow at a CAGR of 20.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 7988.3 million. In the context of the escalating global population, food safety and security have become paramount concerns for international organizations, such as the Food and Agriculture Organization (FAO). FAO's Regional Initiatives aim to promote sustainable management of natural resources, enabling agriculture to maximize its economic contribution while coping with climate change and disaster risks. FAO finances these projects through various sources, including the Green Climate Fund (GCF) and the Global Environment Facility (GEF). With the growing number of agricultural operations, regulatory bodies must ensure strict adherence to quality standards to maintain consumer trust and market access.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
211 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 20.3% |
Market growth 2025-2029 |
USD 7988.3 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
15.0 |
Key countries |
US, Germany, China, UK, Canada, France, Italy, Japan, India, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Agricultural Microbials Market encompasses a range of products derived from Biologicals, including Microorganisms and their derivatives, such as Biopesticides, Biofertilizers, and Biostimulants. These products promote Plant health in Organic and Conventional farming through methods like Biocontrol, Organic agriculture, and Sustainable agriculture practices. Agricultural microbial products enhance Crop protection, Soil health, and Nutrient uptake, offering an alternative to Synthetic chemicals. Seed treatment, Foliar spray, and Soil amendments are common applications. The market includes various Microbial strains, such as Bacteria and Fungi, that boost Pest resistance, Food safety, and Crop yield, contributing to Environmental safety and Sustainable agriculture.
In the agricultural sector, the market for organic farming solutions, specifically agricultural microbial products, is experiencing significant growth. Organic agriculture, which prioritizes environmental sustainability and the production of organic food products, is gaining popularity due to increasing consumer demand. Organic farming relies on natural methods for pest control, making agricultural microbials essential for crop protection. These microbial products offer pest resistance and reduce the risk of pest resurgence, aligning with the principles of organic farming. The global agricultural microbials market is poised for expansion as companies continue to introduce innovative solutions to meet the demands of organic farming and address the environmental impact of conventional farming methods.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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