Agricultural Microbials Market 5

1. Coherent Market Insights Global Agricultural Microbials Market: Global Industry Analysis, Size, Share, Growth, Trends Agricultural microbials consist of microorganisms such as bacteria, fungi, and viruses that are beneficial for assisting various agricultural practices such as crop protection and soil improvement. Microbes act as an important active ingredient in various biostimulants that help improve crop yields. Global agricultural microbials market is expected to grow at a formidable rate of around 10% during the forecast period. The global agricultural microbials market is driven by the increasing awareness among the consumers pertaining to the environmental concerns which are arising due to the excessive use of chemical fertilizers and pesticides. Excessive use of these chemicals not only causes harm to the soil, waterbodies, grazing animals & birds but is also highly toxic for human health. This has led to the widespread adoption of other organic and ecofriendly methods for crop protection and yield improvement. Most of these use microbes in them, thereby positively influencing the market growth through 2025. Additionally, the growing health and environmental concerns have led to a paradigm shift and encouraged widespread adoption of organic agricultural practices. This in turn is expected to create lucrative opportunities for the market growth over the next few years. Also, technological advancements and new product launches by the major players operating in the market is expected to foster the market growth during the forecast period. The global agricultural microbials market is segmented based on type, function, formulation, mode of application, crop type, company and region. Based on type, the market can be categorized into bacterial, fungi, virus and protozoa. Here, the bacterial segment is expected to dominate the market during the forecast period, which can be ascribed to the widespread use of bacterial strains in agricultural applications, especially in biofertilizers and biopesticides.

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