Description
Agricultural Microbial Market size was valued at USD 3,247.4 million in 2021, growing at a CAGR of 13.4% during 2022-28. owing to growing awareness and provision from number of agencies with respect to the custom of agronomic microbial. Furthermore, other factors such as rapid developments happening in agricultural sector and rising demand for high productivity coupled with favorable regulatory framework and support from the government are anticipated to drive the growth of the market. Rising demand for biopesticides and rising investments in research and development are expected to drive the growth of the market. However, lack of awareness among the farmers regarding the benefits of the agricultural microbial and various challenges are anticipated to restrain the growth of the market.