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Agricultural Microbials Market worth USD 5.08 Billion USD by 2022

 



(EuropeNewsWire.Net, February 13, 2018 ) The report "Agricultural Microbials Market by Type (Bacteria, Fungi, Virus, Protozoa), by Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), by Mode of Application (Soil treatment, Seed treatment, Foliar Spray), by Function (Soil amendment & Crop protection)- Forecast to 2022", The Agricultural Microbials market is expected to reach USD 5.08 Billion by 2022 from an estimated USD 2.5 Billion in 2017, at a CAGR of 15.25%. The key factors such as the immense frequency of crop diseases and rising interest for food in developed and also developing countries, are driving the growth of the global market.



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By type, the cereals and grains segment accounted for the largest share of the market in 2017



On the basis of type, the Agricultural Microbials market has been segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables. On the basis of Mode of Application, market is segmented into Soil treatment, Seed treatment, Foliar Spray. The soil segment accounted for the largest share as the major application of Microbials is in this segment in bulk.



By formulation, the dry formulation segment accounted for the major market share in 2017.



On the basis of formulation, the Agricultural Microbials market has been segmented into Dry formulation and liquid formulation. On the basis of Dry formulation, market is further divided into dry granules, water dispersible granules, wettable powder). On the basis of Liquid formulation, market is further divided into Emulsifiable Concentrate, Suspension Concentrate, and Soluble Liquid Concentrate.



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North America dominated the market in 2017



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North America accounted for the largest share of the Agricultural Microbials market in 2017, followed by Europe. The large share of the Agricultural Microbials market in North America can be attributed to the rising awareness and adaptation of the application of Microbials. Europe holds the second major market for Agricultural Microbials. Asia pacific is estimated to represent strong potential market growth in the Agricultural Microbials market due to fast technological advancements and adaptation by farmers.



The various players in the Agricultural Microbials market include Monsanto, Bayer CropScience AG, Sumitomo Chemical Co., Ltd., BASF SE, Syngenta AG, Arysta Life Science Limited and Novozymes.



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