Biosynthetic capabilities of microorganisms, in a specific set of environmental condition makes them likely candidates for enhancing nutritional value and pest protection properties in agriculture. Agricultural microbials are produced from naturally occurring microorganisms such as bacteria and fungi. These microbials are usually applied to seeds or sprayed on crops to protect them from pests and diseases. Microbials also enhance productivity and fertility of the plant. Agricultural microbial products provide sustainable and cost effective solutions to increase plant yield, irrespective of geographies. Various types of fungi, bacteria, algae and viruses are the commonly used microbials in agriculture. Furthermore, these microbials play an important role in the production of grains, vegetables, fruits, milk, and poultry and livestock products. Soil is the most important component of agriculture. Microbes present in the soil therefore play a vital role in the management and regulation of nutrients available for crops. Agricultural microbials are thus used to enhance the crop yield. Companies operating in this market are striving to launch products containing different microbial ingredients to meet the expected yield. Agricultural microbials are beneficial in the production of food in the form of a long term sustainable base for agricultural activities that help to maintain and improve human health. Further, agricultural microbials preserve and protect the environment and are therefore beneficial for both farmers as well as consumers. Increasing demand for food is expected to drive the global agricultural microbials market in the next few years. This added factor is expected to boost the market for agricultural microbials in the coming years.
Agricultural microbials supply nutrients such as nitrogen and phosphorus to plants. These microbials also protect plants from pests and diseases. Agricultural microbials enhance the nutrient transportation process, improve soil structure, maintain biological equilibrium and enhance plant growth which subsequently results in increased yield of the plant. Thus, agricultural microbials have become increasingly popular in food production across the globe. Favorable regulatory and financial policies of various governments regarding the usage of microbial products, increasing global population, rising demand for food, and environment-friendly farming practices are the major driving factors of the agricultural microbials market.
Growth of the agricultural microbials market is primarily led by the high frequency of crop diseases and rising demand for food in developed as well as developing nations. Environmental protection laws in the U.S. and Europe are major drivers encouraging the use of agricultural microbials in these regions. This trend is likely to continue in the near future with growing importance of the agriculture industry. Furthermore, factors such as innovative production practices that do not harm crop yield would boost the usage of agricultural microbials globally. The market for agricultural microbials is expected to expand in Asia Pacific due to the economic growth coupled with increasing demand for food in the region. Developing countries such as China and India are likely to play a vital role in the agricultural microbials market in coming years due to the increased demand for food. North America, followed by Europe, is anticipated to be the largest market for agricultural antimicrobials due to stringent regulations requiring environment-friendly means of agriculture and rising demand for organic food in the region. Companies operating in this market aim to generate innovative solutions in order to meet the changing need of the consumers and these companies also invest heavily on research and development of new microbial products with the anticipated bright prospects for this market. Therefore, the global agricultural microbials market is anticipated to expand significantly in the near future.
Some of the major companies operating in the global agricultural microbials market are Bayer CropScience AG, Monsanto, BASF SE, Syngenta AG, Sumitomo Chemical Co., Ltd., Arysta LifeScience Limited and Novozymes.
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(Source – http://www.medgadget.com/2017/03/agricultural-microbials-market-analysis-by-key-growth-factors-and-opportunities-forecast-to-2023.html)