Key Findings
The North America agricultural microbial market is estimated to grow at a CAGR of 6.77% over the projected period of 2019-2028. The requirement for high-crop and high-quality productivity, advancing agricultural practices, and accuracy in farming, have been fueling market growth for agricultural microbial products in the region.
Market Insights
In order to understand the North America agricultural microbial market growth further, the region is segregated into the United States and Canada. Canada holds one-fourth of the agricultural microbial market and has a highly developed agriculture sector. The country is adopting microbial agriculture, primarily for soil treatment, to strengthen crop productivity and vitality at an early stage. In Canada, demand for microbials is mainly driven by traditional agriculture, and the promotion of lower-risk pest control products. The government policies aimed at helping companies with the registration requirements to enter the Canadian market is resulting in significant growth in the number of active ingredients and products. Canada is involved in both R&D of microbial crops and in their enhancement through legislation and regulatory support. This uniformity can be beneficial for pesticide regulation, but it can have adverse effects on the number of microbial registrations, owing to a perception of difficult registration requirements of technical studies and supporting documentation.
Competitive Insights
Some of the prominent market players are Valent BioSciences Corp, Corteva, Inc, Bayer CropScience AG, Precision Laboratories Inc, Marrone Bio Innovations Inc, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments