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The agricultural microbials market size is forecast to increase by USD 5.8 billion at a CAGR of 17.61% between 2023 and 2028. The market is witnessing significant growth due to the increasing adoption of organic farming practices and global initiatives to enhance agricultural output. Lactic acid bacteria and soil bacteria are gaining popularity as viable microorganisms for soil enhancement and insect population control. However, challenges persist, including issues with product affordability and the impact of biotic and abiotic factors on shelf life. The market is also influenced by ecological considerations, such as greenhouse gas emissions and soil structures. Medium and small-sized enterprises are key players in the market, with many specializing in the production of soluble liquids for agricultural applications. Import and export regulations continue to shape the market landscape, with countries such as China, India, and the United States being major importers and exporters. Despite these challenges, the market is expected to continue growing due to the potential of agricultural microbials to reduce the reliance on chemical pesticides and promote sustainable farming practices.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Crop Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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