Global Agricultural Microbials Market to Reach $6 Billion by 2023 - Segmented by Type, Crop Type, Mode of Application, and Formulation

DUBLIN, April 11, 2018 /PRNewswire/ --

The "Agricultural Microbials Market by Type, Crop Type, Mode of Application, Formulation, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The agricultural microbials market is estimated at USD 3.09 Billion in 2017, and is projected to reach USD 6.01 Billion by 2022, at a CAGR of 14.21%.

The agricultural and environmental benefits associated with these microbial solutions are the major factors contributing to the growth of this market, globally. In comparison to their chemical counterparts, microbial solutions are very target-specific.

Crop protection is the major function targeted by agricultural input companies. Owing to the increasing ban on chemical pesticides in major countries, there is an immense scope and an increasing demand for the development of agricultural microbials. The reduced development cost and time associated with microbial pesticides, reduction in the availability of chemical or synthetic active ingredients, and increase in pest resistance to several chemical pesticides is pushing the market growth toward microbial crop protection.

The agricultural microbials market, based on type, has been segmented into bacteria, fungi, virus, and protozoa. The application of bacteria in agriculture has increased in terms of biofertilizers and biopesticides, as these provide higher and healthy yields in a sustainable manner. Bacterial strains are easily available in the surrounding environment and can be isolated and reproduced. The application of bacterial strains in agriculture is expected to increase with the entry of agrochemical players and a rise in the number of product launches.

Fruits & vegetables are mostly eaten without industrial processing; the concerns regarding pesticide residue is higher in such crops as compared to that in other crop types that are not consumed in their raw form. Thus, agricultural microbials are most prominently used in the production of fruits & vegetables. Thus, the market for the use of agricultural microbials in fruit & vegetable cultivation is estimated to dominate the global market in 2017.

Microbials can be applied in a number of ways, of which foliar spray is the most widely accepted application mode across the globe. However, precision targeting and application advantages associated with seed treatment have been gaining importance in recent times for microbials across the globe. Controlled-release is another technology being explored by research institutions and key players to enhance integrated pest management and the sustainability of their products.

The agricultural microbials market, in terms of formulation, was dominated by the liquid segment. The convenience in use, handling, and application of liquid microbial products are the major reasons that support the acceptance of these products among farmers. However, manufacturers have been developing a number of dry microbial products for crop protection, owing to which the segment is projected to grow at a higher rate in the coming years.

North America is estimated to account for the largest market share in 2017, while Europe is projected to be fastest-growing in the agricultural microbials market over the next five years. Agricultural microbials are expected to be a potential substitute for synthetic pesticides in Europe, due to the growing regulations on chemical usage and maximum residue limit. The ban on the use of neonicotinoids, glyphosate, and paraquat is expected to drive the growth of the European agricultural microbials industry.

The major factors restraining the growth of agricultural microbials are the shorter shelf life, field persistence, and storage conditions of microbial pesticides. Microbial solutions have a shorter shelf life of 6-24 months in comparison to conventional pesticides, which can last for 2-4 years.

The global market for agricultural microbials is dominated by large players such as BASF (Germany), Bayer (Germany), Monsanto BioAg (US), BioWorks (US), DowDuPont (US), Syngenta (Switzerland), and Certis (US). Some emerging players in the agricultural microbials market include Marrone Bio Innovations (US), Koppert (Netherlands), Arysta LifeScience (US), Valent BioSciences (US), and Isagro (Italy).

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Years Considered
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Agricultural Microbials Market
4.2 Agricultural Microbials Market, By Function & Region, 2016
4.3 North America: Agricultural Microbials Market, By Crop Type & Country, 2016
4.4 Agricultural Microbials Market, By Type & Region, 2016
4.5 Agricultural Microbials Market Share: Key Countries

5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Increased Production of Horticulture Crops
5.2.2 Increased Usage of Agricultural Biologicals
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Rising Adoption of Integrated Pest Management (IPM) Practices Across the Globe
5.3.1.2 Reduced Development Cost for Microbials in Comparison to Conventional Chemical Pesticides
5.3.1.3 Target Specificity Associated With Microbial Pesticides
5.3.1.4 Rising Number of Organic Farming Practices and Increasing Demand for Residue-Free Crop Protection Products
5.3.2 Restraints
5.3.2.1 Shorter Shelf Life, Field Persistence, and Storage Conditions of Microbial Pesticides
5.3.2.2 Higher Application Costs and Low Adoption Rate of Microbials
5.3.3 Opportunities
5.3.3.1 Significant Developments in the Seed Treatment Segment
5.3.3.2 Large-Scale Investments in R&D By Major Players for the Development of New Products
5.3.4 Challenges
5.3.4.1 Unorganized Market and Availability of Counterfeit Products in Emerging Markets
5.3.4.2 Regulatory Barriers
5.4 Regulatory Framework
5.4.1 Introduction
5.4.2 North America
5.4.2.1 US
5.4.2.2 Canada
5.4.3 Europe
5.4.3.1 France
5.4.3.2 Spain
5.4.3.3 Russia
5.4.4 Asia Pacific
5.4.4.1 Australia
5.4.4.2 India
5.4.4.3 China
5.4.5 South America
5.4.5.1 Brazil
5.4.6 South Africa

6 Agricultural Microbials Market, By Type
6.1 Introduction
6.2 Bacteria
6.2.1 Bacillus Spp.
6.2.2 Rhizobium Spp.
6.2.3 Others
6.3 Fungi
6.3.1 Trichoderma Spp.
6.3.2 Mycorrhizae
6.3.3 Others
6.4 Viruses
6.5 Protozoa

7 Agricultural Microbials Market, By Function
7.1 Introduction
7.2 Soil Amendment
7.2.1 Biofertilizers
7.2.2 Biostimulants
7.3 Crop Protection
7.3.1 Bioinsecticides
7.3.2 Biofungicides
7.3.3 Bioherbicides
7.3.4 Bionematicides
7.3.5 Others

8 Agricultural Microbials Market, By Crop Type
8.1 Introduction
8.2 Cereals & Grains
8.3 Oilseeds & Pulses
8.4 Fruits & Vegetables
8.5 Others

9 Agricultural Microbials Market, By Mode of Application
9.1 Introduction
9.2 Foliar Spray
9.3 Soil Treatment
9.4 Seed Treatment
9.5 Post-Harvest

10 Agricultural Microbials Market, By Formulation
10.1 Introduction
10.2 Dry
10.2.1 Dry Granules
10.2.2 Water-Dispersible Granules
10.2.3 Wettable Powders
10.3 Liquid
10.3.1 Emulsifiable Concentrate
10.3.2 Suspension Concentrate
10.3.3 Soluble Liquid Concentrate

11 Agricultural Microbials Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Spain
11.3.2 France
11.3.3 Germany
11.3.4 Italy
11.3.5 UK
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Australia
11.4.2 China
11.4.3 India
11.4.4 Japan
11.4.5 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Rest of South America
11.6 Rest of the World (RoW)
11.6.1 South Africa
11.6.2 Others in RoW

12 Competitive Landscape
12.1 Overview
12.2 Market Rankings
12.3 Competitive Scenario
12.3.1 New Product Launches & Developments
12.3.2 Agreements, Partnerships, Joint Ventures, and Collaborations
12.3.3 Expansions & Investments
12.3.4 Acquisitions

13 Company Profiles
13.1 Bayer AG
13.2 Syngenta
13.3 Monsanto Bioag Alliance
13.4 BASF SE
13.5 Dowdupont
13.6 Certis USA LLC
13.7 Marrone Bio Innovations
13.8 Valent Biosciences LLC
13.9 Arysta Lifescience Corporation
13.10 Koppert B.V.
13.11 Bioworks, Inc.
13.12 Isagro S.P.A.

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