Mergers and Acquisitions the Only Way to Stay on Top in the Global Agricultural Microbials Market
October, 04th 2016
Mordor Intelligence announces the release of their reports on the global agricultural microbials market. The report titled, "Global Agricultural Microbials Market - Growth, Forecasts and Trends," discusses the current landscape and outlook of the market.
The global agricultural microbials market is expected to grow at a CAGR of 15.5% during 2016-2021 forecast period. The market value is expected to reach USD 4.73 billion by 2021 from an estimated USD 2.3 billion in 2015.
Industry leaders use mergers, acquisitions and collaborations as strategies to explore microbial technologies used in agriculture. One such example is Monsanto acquiring Agradis Inc. in addition, Monsanto entered into a strategic alliance with Novozymes to form The BioAg Alliance. This alliance works towards using the microbial technologies to enhance agricultural productivity while ensuring environmental safety. In 2015, they have tested over 2000 microbes on 5, 00,000 test field plots in various US locations and they plan to increase the number of field plots in the coming years. The BioAg Alliance is one world's biggest microbial field test programs to assess the potential microbes in agriculture.
Our report on agricultural microbials is segmented as follows:
With 35% of the global market share, North America is the largest market for agricultural microbials, which is expected to project a CAGR of 15.3% during the forecast period. Europe is the second largest market for microbials and is expected to grow at a CAGR of 15.8%. The Asia-Pacific region led by countries like India and China, is expected to witness fastest growth in terms of demand. In South America, Brazil is expected grow rapidly.
Some of the major players profiled in the report include: Bayer Crop Science AG, BASF SE, Dow Chemical Company, Novozymes, Syngenta Ag and Arysta Lifescience Limited. About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm. Our focus is to provide research insights to facilitate business success. Our research expertise covers niche segments under Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive, among others. We believe in data, and we provide solutions through it. Optimum solutions and goal-oriented strategies define our endeavors and make us the preferred choice for clients.