Agricultural Microbials Market is anticipated to grow at a CAGR of 14% during 2019 to 2024

The global agricultural microbials market is projected to grow at a CAGR of 14% during 2019 to 2024. The growth of agricultural microbials market is driven by reduced development cost for microbials in comparison to conventional chemical pesticides, increasing number of organic farming practices, and growing demand for residue-free crop protection products.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising potential, high-growth opportunities for the global agricultural microbials market by mode of application (seed treatment, soil treatment, foliar spray, and post-harvest), by type (bacteria, fungi, viruses, and protozoa), by function(crop protection and soil amendment), by crop type (cereals & grains, oilseeds & pulses, fruits & vegetables, and other crops), by formulation (liquid and dry), and by region(North America, Europe, Asia Pacific, and RoW)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the agricultural microbials market?

Q.4 What are some changing demands of customers in the agricultural microbials market?

Q.5 What are the new developments in the agricultural microbials market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this agricultural microbials area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this agricultural microbials market?

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Market Segmentation:

Based on source type, the agricultural microbials market is segmented into bacteria, fungi, viruses, and protozoa. The bacteria segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to because bacteria in agriculture are easily available in the surrounding environment and can be isolated and reproduced. It provides higher and healthy yields in a sustainable manner.

North America will remain the largest market over the forecast period due to requirement for high crop productivity, production with high quality, evolving agricultural practices; and precision farming.

Key Players in the agricultural microbials market are BASF, Bayer, Monsanto BioAg, BioWorks, Dow DuPont, Syngenta, and Certis.

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/agricultural-microbial-market.aspx

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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