The agricultural microbial market is anticipated to grow in the forecast period owing to driving factors such as developments in the field of integrated pest management practices coupled with the rising trend of organic farming practices. Moreover, the low cost of microbial over chemical pesticides and demands for residue-free crop protection products further drive the growth of the agricultural microbial market. However, several restraining factors such as shorter shelf life, storage conditions, higher application costs, and low adoption rate of microbial persist in the market which negatively influences the agricultural microbial market. Nonetheless, development in the seed treatment segment and large-scale investments in R&D by major players offer lucrative opportunities for the agricultural microbial market during the forecast period.
The report analyzes factors affecting the agricultural microbial market from both the demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social, and technological factors effecting the agricultural microbial market in these regions.
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The agricultural microbial refers to the microorganisms that are vital for maintaining the soil quality and useful in agriculture. Chemical fertilizers like dichloro diphenyl trichloroethane (DDT) caused certain long term ill-effects such as excessive soil erosion and transportation of sediments. Also, overuse of such fertilizers led to the destruction of farmer-friendly insects and microorganisms which rendered crops more prone to diseases. Agricultural microbial mainly focuses on the effective microorganisms that positively affect the soil quality, plant health, growth, and yield. Lactobacillus casei and yeast are examples of effective microorganisms. Agriculture microbial enhance crop production and create a sustainable agriculture environment by conserving natural resources. Certain bacteria, fungi, and viruses act as biocontrol agents and biofertilizers and are used to control pests, weeds, and pathogens on plants. Besides, agriculture microbial act as nitrogen fixers and phosphate solubilizers and often provide high yield by controlling diseases in plants.
The “Global Agricultural Microbial Market Analysis to 2027” is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the agricultural microbial market with detailed market segmentation by type, function, formulation, mode of application, crop type, and geography. The global agricultural microbial market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading agricultural microbial market players and offers key trends and opportunities in the market.
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The global agricultural microbial market is segmented on the basis of type, function, formulation, mode of application, and crop type. Based on type, the market is segmented as bacteria, fungi, virus, and others. On the basis of the function, the market is segmented as a soil amendment and crop protection. By formulation, the market is segmented as dry formulation and liquid formulation. The market on the basis of the mode of application is classified as a soil treatment, foliar spray, and seed treatment. On the basis of crop type, the market is segmented as cereals & grains, oilseeds & pulses, fruits & vegetables, and others.