The global agricultural microbials market has been influenced by some of the macroeconomic and microeconomic factors witnessed in some key countries. This would prove strong enough to drive the market significantly in terms of value sales during the forecast period. With the decrease in per capita arable land and the rise in demand and preference for fruits and vegetables in developing countries, the trend of investing in R&D activities to improve farming techniques has significantly boosted the use of agriculture microbial products in the agriculture industry. 

The use of microbial biopesticides and biofertilizers in agriculture is gaining importance due to their potential to increase the resilience and yields in farming systems. They enhance nutrient uptake and pest resistance and are helpful in mitigating plant stress responses. The use of microbes is a key practice in sustainable agriculture, thus making them significant for achieving the "Sustainable Development Goals" that are put forth by the United Nations. The future growth in the markets is projected to show tremendous scope for agricultural microbials, and many key industry players have begun field trials, the results of which have determined 10–20% growth in the production of economically important crop plants.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=15455593

The Agricultural Microbials Market is estimated to be valued at USD 6.4 billion in 2022. It is projected to reach USD 12.6 billion by 2027, recording a CAGR of 14.6% according to a new report by MarketsandMarkets™.

The demand for organic food crops and the phase-out of key chemical active ingredients is driving the growth of the agricultural microbials market, owing to the health benefits associated with it.

Agricultural microbials are biocontrol tools used to kill target pests with applications on a wide range of crops. They can either function as parasites, predators, or natural insecticides/fungicides. Awareness of the harmful effects of chemical pesticides, which are responsible for extensive environmental pollution, serious health hazards, outbreaks of secondary pests, resistance developed by target pests, and loss of biodiversity, has been increasing. Therefore, biologicals have gained huge demand in the market.

Seed treatment by biopesticides helps protect against soilborne pests such as white grub and weevils.

In seed treatment, the seed is directly treated/coated with biopesticide before planting. This method minimizes exposure of chemicals to workers and potential runoff to waterways, along with reducing the overall number of pesticides used in the environment. It effectively protects the seed and seedling from low-to-moderate pest attacks during emergence and establishment. The treatment creates a layer over the surface of the germinating seed to protect the crop from insects. Seed treatment targets a specific pest without harming the beneficial organisms and minimizes the need for foliar spray.

Many countries are encouraging the use of biological seed treatment methods to promote sustainable methods of pest control. New Zealand started the Next-Generation Bioinsecticides Program in 2012 to find new, safe, and sustainable solutions for New Zealand's key insect pest and disease problems. As a part of the same program, microbial treatments of wheat seeds were tested on commercial farms in Canterbury for their ability to protect seedlings from grass grub attacks. It was found that seeds treated with insecticidal bacteria resulted in higher yields than untreated seeds where grass grub was present. Such benefits of using seed treatment are expected to boost the growth of this segment.

To know more get PDF Copy:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=15455593

North America is projected to reach USD 4.3 Billion during the forecast period.

North America is a key exporter of agricultural products. Factors such as growth in organic farming, availability of water and land and entrepreneurial farmers, and efficient infrastructure are the key competitive advantages for the North American market.

The Agricultural Improvement Act was established in the region in 2018, under which the government has established permanent funding for organic research and made efforts to enhance organic trade. The farm practices using biofertilizers and biopesticides are significantly rising in the Canadian region, despite the decrease in the total number of farmlands.

The key players in this market include FMC Corporation (US), Corteva Agriscience (US), Marrone Bio innovations (US), Valent Biosciences (US).