Market Size of North America Agricultural Microbials Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 16.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Agricultural Microbials Market Analysis
The North American market for agricultural microbials is forecasted to witness a CAGR of 16.5% during the forecast period. In the year 2018, the United States occupied the majority of the share of the agricultural microbial market followed by Canada and Mexico. North America is the largest market for agricultural microbials globally and has around 37.2% of the global market share in 2017. The regional market growth depends on the need for land productivity of agricultural fields while keeping soil health intact. The region is promoting the usage of microbial products in order to balance the agricultural sector growth, which is mostly opted by chemical fertilizer and pesticides required to sustain its large-scale productions.
North America Agricultural Microbials Industry Segmentation
The report concerns agricultural microbials that can be defined as plant-associated microbes and plant and animal diseases. It also deals with the microbiology of soil fertility, such as microbial degradation of organic matter and soil nutrient transformations.
| Type | |
| Bacteria | |
| Fungi | |
| Virus | |
| Others |
| Application | |
| Grains and Cereals | |
| Pulses and Oilseeds | |
| Commercial Crops | |
| Fruits and Vegetables | |
| Other Crop Types |
| Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Agricultural Microbials Market Size Summary
The North American agricultural microbial market is experiencing significant growth, driven by the increasing need for sustainable farming practices that enhance land productivity while maintaining soil health. This region, being the largest global market for agricultural microbials, is witnessing a shift towards microbial products as a balance to the heavy reliance on chemical fertilizers and pesticides. The adoption of precision farming and evolving agricultural practices are further propelling the demand for microbial products, which are less toxic and more targeted than conventional pesticides. This shift is also supported by the growing segment of organic farming, which is gaining traction due to consumer awareness and demand for safer, high-quality food products.
The United States leads the North American market, with a substantial share attributed to its advanced agricultural sector's transition towards natural and organic farming methods. Factors such as the high cost of chemical inputs, environmental concerns, and the need for balanced plant nutrition are driving this transition. Regulatory frameworks in the U.S. facilitate the quicker and less complex registration of microbial products, encouraging their adoption. The market is characterized by fragmentation, with major players focusing on strategic acquisitions and product quality to enhance their market presence. Companies like BASF SE, Bayer Cropscience AG, and Corteva Agriscience are actively competing to capture a larger share of this rapidly growing market.
North America Agricultural Microbials Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Bacteria
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2.1.2 Fungi
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2.1.3 Virus
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2.1.4 Others
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2.2 Application
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2.2.1 Grains and Cereals
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2.2.2 Pulses and Oilseeds
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2.2.3 Commercial Crops
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2.2.4 Fruits and Vegetables
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2.2.5 Other Crop Types
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2.3 Geography
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2.3.1 United States
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2.3.2 Canada
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2.3.3 Mexico
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2.3.4 Rest of North America
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North America Agricultural Microbials Market Size FAQs
What is the current North America Agricultural Microbials Market size?
The North America Agricultural Microbials Market is projected to register a CAGR of 16.5% during the forecast period (2024-2029)
Who are the key players in North America Agricultural Microbials Market?
BASF SE, Bayer Cropscience AG, Corteva Agriscience, Koppert Biological Systems and Certis USA LLC are the major companies operating in the North America Agricultural Microbials Market.
