AGRICULTURAL MICROBIALS MARKET ANALYSIS

Agricultural Microbials MarketSize and Trends

Market Outlook

Global agricultural microbials market size was valued at US$ 3.087 billion in 2017 and is expected to exhibit a CAGR of 14.22% during the forecast period (2019-2027). Increasing demand for food products is expected to boost the global agricultural microbials market. For instance, according to Harvard Business Review, world food demand is expected to increase between 59% and 98% by 2050. Furthermore, novice production techniques that would not harm the crop yield is expected to boost the market during the forecast period. Moreover, key players are focusing on developing innovative products to obtain better crop yield, which will drive the market growth. However, limited shelf life of these microbes is expected to hamper the use of agricultural microbials, eventually hindering the market growth. Moreover, ever-changing weather conditions are also limiting the market growth.