Market Trends of South America Agricultural Microbials Industry
Increasing Demand for Food Security
The need to feed an ever-growing global population, coupled with increasing demand for sustainable agricultural practices has fuelled a significant rise in demand for agricultural microbial. Technology is expected to continue to play a significant role in this progress. An increase in urbanization and less availability of arable land is motivating farmers to adopt efficient crop-protection techniques. There are broader acceptance and recognition of the rising benefits of agricultural microbial. With the amount of arable land per-person declining and the population expanding, crop-yields must increase to meet food production needs. As a result, a dramatic rise in demand for microbial products in agricultural production is being witnessed in South America. Thus, the strongest force driving demand for microbial during the forecast period is the need for crop intensification, given the overwhelming population growth.
Brazil Dominates the Agricultural Microbial Market in the Region
Brazil is the largest agricultural microbial market in South America, followed by Argentina. Virus and Bacteria-based microbial products hold the largest market share in the country. Around half of the planted sugarcane, a major crop in the country is treated with natural insects or pathogens. In contrast to other countries that employ biological control in small areas, the challenge in Brazil is to implement programs in large farms. The research and development of this market are picking up the pace and more manufacturers are exploring the Brazil agriculture microbial market. Despite recent advances made in the registration process, it is still a bureaucratic process and relatively expensive for small companies. However, the government of the country is trying to popularize the use of microbial products for agriculture and it is likely to be a big factor in driving the market growth during the forecast period.
