Biotechnology

Novozymes Launch Unique Bio fungicide- Agriculture Microbial Market

The global Agricultural Microbial Market is estimated to be valued at USD 6.2 billion in 2020. It is projected to reach a value of USD 11.8 billion by 2025, growing at a CAGR of 14.4% during the forecast period. 

Major Players in the Agricultural microbial market are Novozymes, Bayer Cropscience, BASF, Sumitomo Chemical, DOW Agrosciences, Arysta Lifescience, Syngenta, Certis, Gujarat State Fertilizers and Chemicals, and Koppert.

In August 2020, BASF announced its agricultural formulations expansion in Georgia.

    In April 2020, Novozymes collaborated with Syngenta to launch a unique bio fungicide in Europe and Latin America. Sept 2020- Novozymes announced the launch of Fiberex, a comprehensive platform based on novel enzymes and yeast strains to convert corn fiber into ethanol. Fiberex is specifically aimed at breaking down tough fibers in the corn, providing producers with greater operational flexibility. The technology converts a low-value by-product into high-value, low-carbon fuel while also enabling the production of significantly more corn oil. 

    Syngenta Group announces on Oct 2020 the acquisition of Valagro, a leading Biological company, by its business unit Syngenta Crop Protection. The investment positions Syngenta Crop Protection as one of the key global companies poised to shape the rapidly growing Biological market, which is set to nearly double in size over the next five years. Valagro will continue to operate as an independent brand in the market within the Syngenta Crop Protection business. Valagro is a market-leading producer of innovative Biologicals, with a ~10% CAGR from 2009-2019 and an approximate revenue of $175m in 2019. The company has excelled by harnessing the power of nature to provide innovative and effective solutions for plant nutrition and care.

     Bayer helping for transforms Sept 2020 the food system through innovation in agriculture. Despite the challenges posed by Covid-19, Bayer confirms significant progress on its sustainability commitments. Highly innovative carbon initiatives are redefining the value of farming by rewarding farmers for generating carbon credits when adopting climate-smart practices. Game-changing launch of VITALA, the first global launch of a short stature maize hybrid in Mexico, to help farmers produce more while using fewer resources. Increasing the diversity in crop production has benefits biodiversity without compromising crop yields, according to an international study comparing 42,000 examples of diversified and simplified agricultural practices.

     Crop health, and favorable regulatory policies, the agricultural microbial market is amplifying exponentially. The agricultural microbial market is now an investment area for leading agrochemical companies. Given the increasing demand for biopesticide products, several companies include bio-pesticides in their portfolio.

   Reports covered a major trends, and key regional development status. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. Agricultural Microbial market report highlights details on the leading players of the market. Europe has high market in next decade.

    The Global Agriculture Microbial Market is segmented by type (Bacteria, Fungi, Virus, and Other types), By Application (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Turf and Ornamentals and Other Applications). By region it includes (North America, Europe, Asia-Pacific and Row). Among these North America holds a largest share of USD 4.2 billion in 2026. Due to the expanding the organic farms and development in new research technologies market has taken high growth. The region is promoting the use of microbial products, in order to balance the agricultural sector growth, which is mostly opted by chemical fertilizer and pesticide required in order to sustain its large-scale productions.

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