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London, UK (PRWEB) March 24, 2015
The value of the market for agricultural microbials is projected to reach more than USD 4.456 billion by 2019-end, increasing at 15.3% CAGR. The major drivers include, among others, rising global population and food requirements, increasing popularity of organic and eco-friendly farming practices, surging costs of pesticides and fertilizers, and easier residue management, and different promotion activities by government authorities. However, factors such as the dearth of awareness about agricultural microbial products and low adoption rates could restrain the sector’s growth.
As of 2013, bacterial microbials represented the largest segment, followed by fungi. All types of agricultural microbes have beneficial effects on crop growth, improve yields, and kill a diversity of pests. The agricultural microbials for the fruits and vegetables segment captured the lion’s share of the total demand as of 2013, followed by the other crop segments in that year. At the regional level, North America was the largest agricultural microbials market in 2013, and it is forecast to grow to around USD 1.760 billion, posting a CAGR of just over 15%. Europe is the second largest agricultural microbials market, projected to register a 15.4% CAGR during the forecast period.
BASF SE, Monsanto, Bayer CropScience AG, Syngenta AG, Dow Chemicals, Sumitomo Chemical Co., Ltd., Arysta LifeScience Limited, and Novozymes are the dominant players of the agricultural microbials market. These companies utilize different strategies in order to make their products crop- and pest-specific, unique and to boost agricultural production by minimizing crop losses.
New research study “Agricultural Microbials Market by Type (bacteria, fungi, virus, and protozoa), Crop Type (Cereals & grains, oilseeds, & pulses, fruit & vegetable) & Region - Global Trends & Forecast to 2019” elaborated by MarketsandMarkets (M&M) is now available at MarketPublishers.com.
Report Details:
Title: Agricultural Microbials Market by Type (bacteria, fungi, virus, and protozoa), Crop Type (Cereals & grains, oilseeds, & pulses, fruit & vegetable) & Region - Global Trends & Forecast to 2019
Published: March, 2015
Pages: 170
Price: US$ 4,650.00
https://marketpublishers.com/report/industry/agriculture/agricultural-microbials-market-by-type-crop-type-region.html
The report gives keen insights into the agricultural microbials market, segmenting it based on type, crop type, and region; along with presenting detailed analyses and projections of the size of the market as a whole and across different segments. The study identifies and examines the various factors fuelling and hindering the growth in the market along with unbiased analyses of opportunities, trends, pressing issues, and challenges. The research publication canvasses the competitive landscape and profiles the 10 leading market players. Furthermore, the future outlook of the agricultural microbials market is given in the report including 5-year market size forecast figures.
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