Agriculture Microbials Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
Market Outline: Agriculture Microbials Market
Agriculture microbials are the products made from naturally occurring microorganisms such as fungi and bacteria. Most of these agriculture microbes have the distinctive properties which can work for plant protection and production. These microbes also supply nutrients like phosphorous and nitrogen to the plants. These are applied to seeds or sprayed on the plant to prevent the growth of bacteria, fungi, weeds, nematodes, and insects. Agriculture microbials also enhance soil structure, nutrient transportation process, maintain biological equilibrium, and improve the plant growth, product yield.
Market Dynamics: Agriculture Microbials Market
Increase in the frequency of various crop diseases, rise in population demanding for quality food products, benefits of agriculture microbials in plant production and protection, and rise in the cost of agrochemicals are anticipated to propel the agriculture microbials market. Moreover, favourable regulatory policies, and rise in popularity of organic farming anticipated to boost the agriculture microbials market over the forecast period. However, the shorter shelf life of the agriculture microbial products, low adoption rate due to lack of awareness about agriculture microbial products among key stakeholders in undeveloped regions, and product degradation due to changes in environmental conditions might restrain the agriculture microbials market growth over the forecast timeframe.
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Market Scope: Agriculture Microbials Market
Agriculture microbials market is segmented on the basis of microbe type, crop type, mode of application, and microbial function
Based on the microbe type, agriculture microbials market is segmented into the following:
• Bacteria
• Virus
• Protozoa
• Fungi
Based on the crop type, agriculture microbials market is segmented into the following:
• Vegetables and fruits
• Cereals and grains
• Oilseeds and pulses
• Others
Based on the mode of application, agriculture microbials market is segmented into the following:
• Seed treatment
• Soil treatment
• Foliar
Based on the microbial function, agriculture microbials market is segmented into the following:
• Crop protection
• Soil amendment
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Market Summary: Agriculture Microbials Market
Agriculture microbial market is growing at a significant CAGR owing to increase in the incidence of various crop diseases. Agriculture microbials are widely recognized, as they are sustainable, cost-effective and improve the fertility and productivity of crops by protecting from pests and enhance the supplement transportation to the plants. In addition, most of the agriculture industries are striving to launch the newer agriculture microbial products for improving the agriculture products yield. Moreover, acquisitions and mergers, collaborations, and product approvals are the key strategies followed by the companies in agriculture microbial testing market for increasing their revenue share in global agriculture microbials market. For instance, in November 2015, DSM and Syngenta collaborated to develop and commercialize biological solutions for agriculture including agriculture microbial products. Moreover, in December 2015, Wilbur-Ellis launched its microbial product, which enhances the soil nutrition and helps to improve the plant health and product yield.
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Regional Analysis: Agriculture Microbials Market
Geographically, agriculture microbials market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa regions. North America agriculture microbials market accounted for significant market share in global agriculture microbials market owing to rise in the fruits and vegetable farming in U.S. and Canada, increase in the adoption of environ friendly and organic farming practices, rise in pesticides and fertilizers cost, and increase in the usage of agriculture microbials in the region. Increase in the R&D activities by most of the Europe companies, rise in adoption of eco-friendly farming, and increase in demand for improving the product yield are bolster the Europe agriculture microbials market. Moreover, Asia Pacific agriculture microbials market expected to exhibit significant growth due to high dependence on farming for economic activities in India and China, adoption of newer microbial products, and increase in awareness about the agriculture microbial benefits among farming community.
Market Participants: Agriculture Microbials Market
Some of the players in agriculture microbials market are BASF SE (Germany), The Dow Chemical Company (U.S.), Novozymes A/S (Denmark), Sumitomo Corporation (Japan), Bayer CropScience AG (Germany), Wilbur Holdings, Inc. (U.S.), Ginkgo Bioworks (U.S.), Syngenta AG (Switzerland), Inocucor technologies Inc. (U.S.), Axter Agroscience Inc. (Canada), and Koppert B.V. (Netherlands) to name a few.
Notable Market Developments: Agriculture Microbials Market
• In September 2017, Bayer CropScience AG and Ginkgo Bioworks teamed up to focus on the development of plant microbiome for nitrogen fixation in plants
• In May 2017, Inocucor technologies Inc. inked an agreement with Axter Agroscience Inc. to distribute Synergo, an agriculture microbial product in Canada.
Key Features of the Report:
• The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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