Market Overview:

The global agricultural microbials market was valued at USD 6.17 billion in 2023 and is expected to expand at a CAGR of 11.21%, reaching approximately USD 16.02 billion by 2032. In 2024, the market is projected to grow to USD 6.85 billion.

North America led the market in 2023, holding a 35.17% share of the global agricultural microbials industry.

The rising emphasis on maximizing crop yields and productivity in farming by major companies will subsequently spur business opportunities for the agricultural microbials market growth during the forecast period. Moreover, the growing popularity of biopesticides, biostimulants, and biofertilizers among farmers to achieve higher crop production results will boost the agricultural microbials market revenue in the foreseeable future, states Fortune Business Insights in a report, titled “Agricultural Microbials Market Size, Share & Industry Analysis, By Type (Bacteria, Fungi, Virus, and Others), Formulation (Dry and Liquid), Application Method (Foliar Spray, Soil Treatment, and Seed Treatment), Function (Soil Amendment and Crop Protection), Crop (Cereals, Oilseeds and Pulses, and Fruits & Vegetables), and Regional Forecast, 2024 – 2032**” the market size stood at USD 6.17 billion in 2023.**

The Report Lists the Main Companies in the Agricultural Microbials Market:

• Certis USA LLC
• Marrone Bio Innovations
• ChemChina (Syngenta)
• Koppert Biological Systems
• Varsha Bioscience and Technology Pvt. Ltd.
• BASF SE
• Andermatt Biocontrol AG
• Valent BioSciences LLC
• Novozymes
• Rizobacter Argentina S.A.

REPORT COVERAGE

The global market research report provides qualitative and quantitative insights into the market. It also offers a detailed analysis of the market size and growth rate for all possible market segments. Along with this, the report provides an elaborative analysis of the market dynamics and competitive landscape. Various key recent industry developments, such as mergers & acquisitions, the regulatory scenario in critical countries, and key industry trends, are mentioned in the report.

Competitive Landscape:

Collaboration between DuPont Pioneer & Evogene to Stimulate Growth

DuPont Pioneer, a global leader in advanced plant genetics for crops such as corn, cotton, rice, pearl millets, mustard, and sunflower, has announced a multiyear partnership with Evogene, an Israeli company specializing in agricultural biotechnology. This collaboration aims to develop seed treatments based on microbiomes for corn. The partnership is expected to positively impact the agricultural microbials market by helping farmers enhance and protect their corn yields with innovative bio-stimulant products.