Sustainable Growth Opportunities in the Agricultural Microbials Market

Attractive Opportunities in the Agricultural Microbials Market

(EMAILWIRE.COM, February 26, 2020 ) The report "Agricultural Microbials Market by Type (Bacteria, Fungi, Virus, and Protozoa), Function (Soil Amendment and Crop Protection), Crop Type (Cereals & Grains, Oilseed & Pulses, and Fruits & Vegetables), Mode of Application, Formulation, and Region - Global Forecast to 2022", Biological and organic farming are emerging into the agri-food mainstream. As the preference for nutrient-dense and FDA-certified crops remains high in retail stores, farmers focus on utilizing effective crop protection products such as agricultural microbials.

In addition, retailers prefer accommodating shelves with high-quality produce to expand their customer base. This further encourages farmers to seal the majority of their crops with high nutrition quotient for increased sales and profits. Focus on allocating the majority of their cultivation field to high-quality produce has led to a surge in demand for agricultural microbials. According to MarketsandMarkets, the agricultural microbials market is projected to account for USD 6.0 billion by 2022, recording a CAGR of 14.2%.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=15455593

Browse 111 market data Tables and 39 Figures spread through 192 Pages and in-depth TOC on "Agricultural Microbials Market - Global Forecast to 2022".

Market Dynamics

Driver: Rising adoption of integrated pest management (IPM) practices across the globe

Over the last five decades, IPM has become the recognized strategy for crop protection, globally. IPM involves effective control of pests through several compatible, integrated, cost-effective, and eco-friendly methods. It is considered a principal component of sustainable agriculture practices. The biological method of pest control is an important component of IPM. Biopesticides reduce the usage of conventional pesticides, while at the same time promote higher crop yield with effective pest control. It is an essential component in the production of various greenhouse crops. The market shares earlier held by synthetic crop protection chemical is gradually being replaced by biopesticides, which contribute to the growth of this market.

The continuous and extensive use of modern crop protection products to eradicate or reduce pest infestation and the loss caused by them has led to the development of resistance to the effect of crop protection products among pests. This resistance can be classified as metabolic resistance, target-site resistance, penetration resistance, and behavioral resistance. Biopesticides, mostly microbial pesticides, are used as an effective tool in IPM programs for management of pest resistance to conventional chemical pesticides.

Microbial pesticides also reduce environmental and worker exposure to synthetic pesticides. Nematode pest management, through the usage of microbial agents, is being recognized as a promising area in the current scenario of IPM practices. The renewed emphasis on IPM as a component of agricultural policy in regions such as Europe has also led to changes in the way biopesticides are regulated.

Restraint: Shorter shelf life, field persistence, and storage conditions of microbial pesticides

Agricultural microbial products mostly contain living material; hence, they have a shorter shelf life as compared to conventional chemical products. For example, Bt. has a shelf life spanning from 6 months to 2 years whereas conventional pesticides have a shelf life ranging from 2 to 4 years. On the production and distribution end, the shelf life is dependent on some factors such as manufacturing technology, carrier, packing material, mode of transport, and distance.

The survival of microorganisms during storage is a major problem in agricultural microbial products. The seasonal and unpredictable nature of pesticide demand requires effective storage, which includes special skills and facilities, which are not possessed by shopkeepers, producers, and farmers. Also, microbials are easily affected by various biotic and abiotic factors in farm fields, as they are naturally occurring organisms or substances. This directly affects their efficacy in the field, which can become low or inactive. This serves as a restraint for the market.

Opportunity: Significant development in the seed treatment segment

The seed treatment market is projected to grow at an exponential rate due to factors such as the increasing demand for sustainable agricultural practices, integrated pest management, favorable government regulations, increasing demand for high-value crops, and rise in the number of investments from key players in this market. The market for seed treatment was valued at USD 6.8 billion in 2017; it is projected to grow at a CAGR of 10.8% from 2017 to 2022. Seed protection is the major function targeted by larger companies in the seed treatment market. The application of micronutrients and biofertilizers through seed treatment is being adopted increasingly across the globe.

Challenge: Regulatory barriers

Laws regulating the registration and commercialization of agricultural microbials are a major hindrance for their development. Inappropriate regulation impedes the adoption of agricultural microbials and denies the farmer access to these microbial products. The regulations governing microbial crop protection are stricter than those governing agricultural microbials for soil enhancement. Biopesticides are generally regulated by the framework designed for synthetic or chemical pesticides. Moreover, the regulations for the registration of agricultural microbials are not uniform across different regions making it challenging for medium- and small-sized enterprises to expand their market share. Import and export of biopesticides are also major deterrents; chemical pesticides are relatively easy to trade.

Europe has the most complicated regulatory framework for the registration of agricultural microbials, which is not in tandem with the growing demand for organic and residue-free food in the country. South America, though a growing region for crop protection microbials, has a challenging regulatory framework from the registration point of view. Such regulatory barriers pose challenges for market growth.

Speak to Analyst:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=15455593

The various contributors involved in the value chain of the agricultural microbials market include raw material suppliers, R&D institutes, agricultural microbials manufacturing companies such as BASF (Germany), Bayer (Germany), Monsanto BioAg (US), BioWorks (US), and Certis (US) and government bodies & regulatory associations such as the US Department of Agriculture (USDA).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.