Global Agricultural Inoculants Market, By Function (Crop Nutrition, Crop Protection), Type (Plant Growth Promoting Microorganisms, Bio-Control Agents, Plant-Resistant Stimulants, Others), Crop Type (Cereals, Oilseeds and Pulses, Fruits and Vegetables), Microbes (Bacteria, Fungi, Others), Application (Seed Inoculation, Soil Inoculation, Others), Method (Seed, Oil, Others), Form (Solid, Liquid, Granular, Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa), Industry Trends and Forecast to 2029
Market Analysis and Insights of Agricultural Inoculants Market
Agricultural inoculants market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 6.50% in the above-mentioned forecast period.
Agricultural inoculants, also known as beneficial microorganisms, microbial inoculants or soil inoculants basically contain beneficial microbes which promotes plant growth. They possess several advantageous factors which aids in delivering nutrients and suppressing diseases, thus promoting the plant growth which is why they are used in agriculture as amendments for soil and plants.
The factors such as increasing usages of agricultural inoculants to enhance the productivity of the crop and growing preferences towards organic products and horticulture crops emerge as the major factor fostering the growth of the agricultural inoculants market. On the other hand, rising number of initiatives by the government by providing subsidies to support farmers and growing number of research and development activities are further estimated to cushion the growth of the market. The rise in meat consumption and increased yield of crop owing to adoption of inoculants is also projected to accelerate the market’s growth within the above mentioned forecast period. However, the lack of awareness among the farmers along with increasing legislations impede the growth of the agricultural inoculants market.
Furthermore, the emerging markets coupled with increasing the awareness about the production losses caused due to infectious diseases in livestock by undertaking initiatives related to diagnosis of infections in livestock animals will create lucrative opportunities for the growth of the agricultural inoculants market. On the flip side, the silage losses due to fungi and mycotoxin is projected to challenge the market within the forecast period.
This agricultural inoculants market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Agricultural inoculants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Agricultural Inoculants Market Scope and Market Size
The agricultural inoculants market is segmented on the basis of function, type, crop type, microbes, application, method and form. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of function, the agricultural inoculants market is segmented into crop nutrition, and crop protection.
- On the basis of type, the agricultural inoculants market is segmented into plant growth promoting microorganisms, bio-control agents, plant-resistant stimulants, and others.
- On the basis of crop type, the agricultural inoculants market is segmented into cereals, oilseeds and pulses and fruits and vegetables.
- On the basis of the microbes, the agricultural inoculants market is segmented into bacteria, fungi, and others. Bacteria has been further segmented into rhizobacteria, nitrogen-fixing bacteria, phosphate-solubilizing bacteria, and others. Fungi has been further segmented into trichoderma Spp., mycorrhiza, and others.
- The agricultural inoculants market is also segmented on the basis of application. The application is segmented into seed inoculation, soil inoculation, and others.
- On the basis of the method, the agricultural inoculants market is segmented into seed, oil and others.
- Based on form, the agricultural inoculants market is segmented into solid, liquid, granular, and others.
Agricultural Inoculants Market Country Level Analysis
The agricultural inoculants market is analyses and market size, volume information is provided by function, type, crop type, microbes, application, method and form as referenced above.
The countries covered in the agricultural inoculants market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the agricultural inoculants market due to the faster adoption of new technologies to increase crop productivity while minimizing the negative impact on the environment within the region. Asia-Pacific on the other hand, is expected to show lucrative growth owing to the rise in meat consumption in countries such as China, India, Malaysia, and Indonesia.
The country section of the agricultural inoculants market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Agricultural Inoculants Market Share Analysis
The agricultural inoculants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to agricultural inoculants market.
Some of the major players operating in the agricultural inoculants market report are BASF SE, Bayer AG, Novozymes, Verdesian Life Sciences., Agrauxine, BRETTYOUNG, Precision Laboratories, LLC, Queensland Agricultural Seeds, TerraMax, Inc., XiteBio Technologies Inc., Chr. Hansen Holding A/S, Lallemand Inc., Kemin Industries, Inc., Provita Supplements GmbH, Corteva, MBFi., and Cargill, Incorporated., among others.