Europe Agriculture Microbial Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – Type (Bacteria, Fungi, Virus, and Others), Formulation (Liquid and Dry), Function (Crop Protection and Soil Amendments), Mode of Application (Foliar Spray, Soil Treatment, Seed Treatment, and Post-harvest), and Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others)
The agriculture microbial in Europe is expected to grow from US$ 1,889.81 million in 2022 to US$ 4,163.37 million by 2028. It is estimated to grow at a CAGR of 14.1% from 2022 to 2028.
Rise in Awareness Regarding Harmful Effects of Synthetic Chemicals
Using synthetic fertilizers and pesticides has shown detrimental effects on the environment and human health. Various efforts are taken to improve agriculture management practices, as synthetic pesticides and fertilizers are causing damage to the ecosystem. To reduce the chemical burden on the natural ecosystem, farmers are increasingly taking up agriculture microbial products, thereby driving the market. Furthermore, synthetic fertilizers and pesticides have long-term harmful effects on human health. The analysis of the epidemiological literature published between May 2018 and May 2019 states that exposure to synthetic chemicals is associated with adverse health effects in agriculture workers. The effects are highly related to genomic damage, cancers, oxidative stress, respiratory and neurological disorders, and metabolic and thyroid effects. With an increase in such effects on human health, the shift toward chemical-free pesticides and fertilizers has been observed, in turn, boosting the agriculture microbial market. The growing need for a more sustainable and ecological approach has surged many innovative ideas, including the uptake of sustainable agriculture practices. Moreover, leading companies and other governmental and non-governmental organizations promote sustainable agriculture methods by offering financial aid and subsidiaries for agriculture microbial products, which act as an important ingredient in sustainable agriculture practice. Thus, the rise in awareness regarding the harmful effects of synthetic chemicals is supporting the market.
Market Overview
The Europe agriculture microbial market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Europe has emerged as a potential market for agriculture microbial due to legislative mandates to reduce the dependency on synthetic chemicals. Governments of various European countries are engaged in implementing directives to promote the limited use of pesticides by implementing stringent regulations on synthetic chemicals. Additionally, growing environmental concerns in the region have been attributed to the shift toward sustainable agriculture. According to the European Biogas Association (EBA), the agriculture sector in the European Union contributes ~10% of the total greenhouse gas (GHG) emissions. The ongoing reform of the Common Agricultural Policy (CAP) offers an opportunity to improve environmental performance and agriculture sector resource efficiency.
Further, the inclination toward adopting organic farming is attributed to the growth of the agriculture microbial market in Europe. Organic farming has seen remarkable growth in the region in the past few years. According to Eurostat, in 2020, the total area under organic farming in European counties accounted for 14.7 million hectares of agricultural land. Further, the organic area made up 9.1% of total agricultural land in 2020. Growing organic farming in the region is attributed to increased consumer awareness about the products they consume by checking the quality and safety of food products. Consumer inclination toward organic products has encouraged farmers to use agricultural microbial on agricultural land, thereby reducing the chance of toxicity. Therefore, an increase in organic farming is anticipated to boost the demand for agriculture microbial during the forecast period.
Thus, the increased inclusion of agriculture microbial products to reduce the dependency on synthetic chemicals is anticipating lucrative opportunities to grow the agriculture microbial market in Europe.
Europe Agriculture Microbial Market Revenue and Forecast to 2028 (US$ Million)
Europe Agriculture Microbial Market Segmentation
The Europe agriculture microbial is segmented into type, formulation, function, mode of application, and crop type and country.
Based on type, the market is segmented into bacteria, fungi, virus, and others. The bacteria segment registered the larger market share in 2022. Based on formulation, the market is segmented into liquid and dry. The liquid segment held the larger market share in 2022. Based on function, the market is segmented into crop protection and soil amendments. The crop protection segment held the larger market share in 2022. Based on mode of application , the market is segmented into foliar spray, soil treatment, seed treatment, and post-harvest. The foliar spray segment held the largest market share in 2022. Based on crop type, the market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, and others .The fruits and vegetables segment held the largest market share in 2022. Based on country, the market is segmented into Germany, U.K., France, Italy, Russia, and Rest of Europe. Rest of Europe dominated the market share in 2022. BASF SE; Bayer AG; Certis USA LLC; Bio Works; Novozymes A/S; Chr. Hansen Holding A/S; Syngenta Group; Nufarm; Koppert B.V; and Marrone Bio Innovations,Inc. are the leading companies operating in the agriculture microbial in the region.
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