DUBLIN--(BUSINESS WIRE)--The "Global Agricultural Microbial Market - Segmented by Type, Function, Formulation, Mode of application, Application and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global agricultural microbial market for the use of fungi in agriculture was valued USD 401.6 million in 2016, at a CAGR growth of 19.1%. With around 40% of the global market share, North America is the largest market for agricultural microbial, followed by Europe and Asia-Pacific. Fastest-growth will be witnessed in Asia-Pacific is likely to grow at a CAGR of 20.59% and the second fastest growing market, South America, witnessing a CAGR of 19.92%.
Being less harmful than synthetic pesticides, microbial pesticides typically affect only the target pest and other organisms closely related to it. As conventional synthetic options become ineffective due to developing resistance, growers are more and more willing to try biological options. Consumer sentiments have, in no small way, contributed to growth of the agricultural microbial market.
The agriculture microbial products market of North America is estimate to be the largest with a market size of USD 950.34 million, in 2016, with a CAGR of 14.98%.More concern about organic labelled products and awareness of microbial pesticides efficiency has driven the market in North America. The market is expected to grow at a steady rate during the forecast period. United States holds the largest market with more than half of the North American market share. The United States market value is estimated to be USD 516.18 million in 2016 and registering a CAGR of 14.35%
- BASF SE
- Bayer CropScience
- Arysta Lifescience Limited
- Syngenta Ag
- Certis Usa LLC
- Chr. Hansen
- Marrone Bio Innovations
- Taxon (Dupont)
- Verdesian Life Sciences LLC
- Valent Biosciences Corporation
Key Topics Covered:
2. Research Scope & Methodology
3. Market Dynamics
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
7. Future outlook of the Market
9. Future Outlook of the Market
For more information about this report visit https://www.researchandmarkets.com/research/dk2zj2/global?w=4