United Kingdom Agricultural Microbials Market to Grow with a CAGR of 4.18% through 2028
Growth in research and development activities is expected
to drive the United Kingdom Agricultural Microbials Market growth in the
forecast period, 2024-2028.
According to
TechSci Research report, “United Kingdom Agricultural Microbials Market– By
Region, Competition, Forecast and Opportunities, 2018-2028F”, the United
Kingdom Agricultural Microbials Market stood at USD58.26 million in 2022 and is
anticipated to grow with a CAGR of 4.18% in the forecast period, 2023-2028. The
initiatives taken by government based on agricultural microbials has led to
favorable market conditions for the United Kingdom Agricultural Microbials
Market. Several factors contribute to the growth of various agricultural
microbials market products.
As
part of their commitment to sustainable agriculture, the government intends to
reallocate funding by reducing Direct Payments and channeling it towards new
schemes that support farmers. These schemes may include initiatives that
promote the utilization of agricultural microbials, which have shown great
potential in enhancing crop productivity and soil health.
In a
significant move towards fostering sustainable food production, the UK
government has recently allocated £12m to establish a dedicated research
centre. This state-of-the-art facility aims to explore innovative methods for
producing sustainable protein and cultivated meat. It is anticipated that the
research conducted at this center may also explore the potential applications
of agricultural microbials, which have been increasingly recognized for their
role in improving agricultural practices and achieving greater sustainability
in the food industry.
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"United Kingdom Agricultural Microbials Market”
With
the increasing recognition of the environmental repercussions caused by
conventional farming practices, there has been a notable transition towards
adopting more sustainable methods. One such approach involves the utilization
of agricultural microbials, which encompass beneficial bacteria, fungi, and
viruses. These microorganisms play a pivotal role in promoting eco-friendly
practices by enhancing crop health and optimizing yield.
By
harnessing the power of these microbials, farmers can achieve desirable
outcomes without resorting to the use of synthetic fertilizers and pesticides,
thereby mitigating the adverse environmental effects associated with
conventional agricultural techniques. This shift towards sustainable farming
not only benefits the ecosystem but also contributes to the long-term
well-being of our planet.
The United
Kingdom Agricultural Microbials Market is segmented in type, application method,
regional distribution, and company.
Based on its type,
the bacteria segment held the largest share in the market. Numerous studies and
field trials conducted over the years have consistently demonstrated the
remarkable effectiveness of bacteria-based microbials in enhancing crop
productivity, controlling pests and diseases, and improving overall soil
health. These beneficial microorganisms work in synergy with plants, promoting
nutrient uptake, stimulating growth, and bolstering natural defense mechanisms.
The proven track record of these microbial solutions has significantly boosted
farmers' confidence in their efficacy, leading to a widespread adoption of
these products across agricultural landscapes.
As a result,
farmers are witnessing tangible improvements in yield, crop quality, and
long-term soil sustainability. The continued exploration and application of
bacteria-based microbials hold great promise for further advancements in
sustainable agriculture.
Based on region,
London segment is expected to grow during the forecast period.
London, with its
strategic location, finds itself in close proximity to major agricultural
markets in the UK. The East of England and the South West of England, renowned
for their thriving agricultural activities, provide a fertile ground for
agricultural microbials companies based in London to connect with their target
customers. This advantageous geographical positioning facilitates seamless
access and engagement with the agricultural industry, enabling these companies
to establish strong relationships and cater to the evolving needs of their
customers in a prompt and efficient manner.
Major companies
operating in United Kingdom Agricultural Microbials Market are:
- Syngenta UK Limited
- BASF UK Limited
- Bayer UK Limited
- Sumitomo Chemical (UK) Plc.
- Novozymes UK Ltd.
- Andermatt Biocontrol UK Ltd.
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“Growing
application of agricultural microbials in various end user industries are key
drivers of the agricultural microbials market. Growth in competitive landscape
and presence of well-established companies in the market who are dedicated to
enhance their productivity of agricultural microbials with every passing year
are anticipated to register an impressive growth to United Kingdom Agricultural
Microbials Market in the forecast period.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Agricultural
Microbials Market By Type (Bacteria, Fungi, Virus, Others), By Application
Method (Foliar Spray, Soil Treatment, Seed Treatment, Others), By
Region, By Competition Forecast & Opportunities, 2018-2028F”,
has evaluated the future growth potential of United Kingdom Agricultural
Microbials Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in United Kingdom Agricultural
Microbials Market.
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