South America Agricultural Microbials Market Size (2024 - 2029)

The South America Agricultural Microbial Market is experiencing growth, driven by rising awareness and support for the use of agricultural microbial products derived from naturally-occurring microorganisms. Despite being a niche market, it is expanding due to these factors, although challenges such as the lack of technological advancements in microbial inoculants and the necessity for maintaining high numbers of functional microorganisms during seed treatment persist.

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Market Size of South America Agricultural Microbials Industry

Market Snapshot
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 8.60 %
Market Concentration Low

Major Players

South America Agricultural Microbials Market Major Players

*Disclaimer: Major Players sorted in no particular order

South America Agricultural Microbials Market Analysis

The South America Agriculture Microbial Market is projected to grow at a CAGR of 8.6% during the forecast period (2020-2025). Agricultural microbial are produced from naturally-occurring microorganisms, such as bacteria, fungi, viruses, and protozoa among others. The South American market is a niche one but it has been witnessing an upward trend due to increasing awareness and support from several agencies with respect to the usage of agricultural microbial. Also, the lack of technological advancements in microbial inoculants and the need for maintaining high numbers of functional microorganisms on the seed during seed treatment are some challenges to microbial seed treatment manufacturers.

South America Agricultural Microbials Industry Segmentation

Microbial products are referred to as crop probiotics, biological or bio-fertilizers, biostimulants, biocontrols, or biofungicides, among other names. They may contain one strain of bacteria or fungi, or they may contain many. They may be applied to the soil, seeds or crops. The market is segmented by type, by formulation, by mode of application, by application and by geography.

Type
Bacteria
Fungi
Virus
Other Types
Function
Soil Amendment
Crop Protection
Formulation
Dry Formulation
Liquid Formulation
Mode of Application
Soil Treatment
Foliar Spray
Seed Treatment
Application
Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Turf and Ornamentals
Others
Geography
Brazil
Argentina
Rest of South America
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South America Agricultural Microbials Market Size Summary

The South America agricultural microbial market is experiencing a notable upward trajectory, driven by the increasing demand for sustainable agricultural practices and the necessity to enhance crop yields to support a growing global population. This market, although niche, is gaining traction due to heightened awareness and support from various agencies regarding the use of agricultural microbial products. These products, derived from naturally occurring microorganisms such as bacteria, fungi, viruses, and protozoa, are becoming essential as urbanization and the reduction of arable land push farmers towards more efficient crop-protection techniques. Despite challenges such as the need for technological advancements in microbial inoculants and maintaining functional microorganisms during seed treatment, the market is poised for growth, with technology playing a crucial role in its development.

Brazil stands out as the largest market for agricultural microbial products in South America, followed by Argentina, with virus and bacteria-based products holding significant market share. The adoption of natural insects or pathogens in major crops like sugarcane highlights the region's commitment to biological control, despite the challenges of implementing such programs on large farms. The market is moderately fragmented, with numerous domestic players and major companies like UPL Ltd. and Corteva Ag. actively engaging in research and development, expanding their geographical presence, and pursuing aggressive acquisition strategies to solidify their market position. Government efforts to promote microbial products in agriculture are expected to further drive market growth, overcoming bureaucratic and cost-related hurdles that small companies face in the registration process.

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South America Agricultural Microbials Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Bacteria

      2. 2.1.2 Fungi

      3. 2.1.3 Virus

      4. 2.1.4 Other Types

    2. 2.2 Function

      1. 2.2.1 Soil Amendment

      2. 2.2.2 Crop Protection

    3. 2.3 Formulation

      1. 2.3.1 Dry Formulation

      2. 2.3.2 Liquid Formulation

    4. 2.4 Mode of Application

      1. 2.4.1 Soil Treatment

      2. 2.4.2 Foliar Spray

      3. 2.4.3 Seed Treatment

    5. 2.5 Application

      1. 2.5.1 Cereals and Grains

      2. 2.5.2 Oilseeds and Pulses

      3. 2.5.3 Fruits and Vegetables

      4. 2.5.4 Turf and Ornamentals

      5. 2.5.5 Others

    6. 2.6 Geography

      1. 2.6.1 Brazil

      2. 2.6.2 Argentina

      3. 2.6.3 Rest of South America

South America Agricultural Microbials Market Size FAQs

The South America Agricultural Microbials Market is projected to register a CAGR of 8.60% during the forecast period (2024-2029)

UPL Ltd, BASF SE, Bayer Ag, Chr. Hansen and Corteva Ag are the major companies operating in the South America Agricultural Microbials Market.

South America Agricultural Microbials Report Snapshots

South America Agricultural Microbial Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)