Global Microbial Agricultural Inoculants Market, By Types (Plant Growth Promoting Microorganisms, Biocontrol Agents, Stimulants), Source (Fungal Inoculants, Bacterial Inoculants), Crop Type (Oilseeds and Pulses, Fruits and Vegetables, Cereals Grains), Application (Soil Inoculation, Seed Inoculation), 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 Global Microbial Agricultural Inoculants Market
Data Bridge Market Research analyses that the microbial agricultural inoculants market will project a compound annual growth rate (CAGR) of 4.80% during the forecast period of 2022-2029.
Microbial agricultural inoculants are specially prepared for soils or seeds in order to improve plant health and agricultural productivity. Microbial agricultural inoculants, sometimes referred to as soil inoculants, are advantageous to plant development and nutrition. Microbial agricultural inoculants improve plant development, decrease disease, and increase production while also protecting the environment.
The rising demand of organic farming amongst farmers and the growth potential from emerging region will influence the revenue growth of microbial agricultural inoculants market. Increase in the growth of agricultural productivity will accelerate the market’s growth. The increase in the prices of agrochemicals and their negative impact on crops and rapid urbanization are the significant market drivers that will further flourish the growth rate. Furthermore, increase in the number of application of product will bolster the growth rate of microbial agricultural inoculants market. Another significant factor includes the increase in the trend of adoption of environment-friendly farming practices will further cushion the market’s growth rate. Other factors such as the growth of livestock industry due to high demand for animal-based products and rise in the number of government initiatives to spread awareness about microbial agricultural inoculants will positively impact the growth rate of microbial agricultural inoculants market.
Moreover, the significant increase in the number of research and development activities and rise in the adoption of advanced technology will further create lucrative and remunerative growth opportunities for the microbial agricultural inoculants market during the forecast period 2022-2029. Additionally, the rise in the utilization of bacterial inoculants for cereals and vegetables and strong demand from various end-use industries will further propel the new growth opportunities in the future year.
However, the lack of awareness about benefits associated with the use of microbial agricultural inoculants and limited accessibility will derail the microbial agricultural inoculants market’s growth rate. Also, the rise in environmental concerns and poor infrastructure will pose major challenges to the growth of the market. The negative impact of COVID-19 on supply chain will act as major market restrain and further hinder the growth rate of microbial agricultural inoculants market.
This microbial 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 localised 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 microbial 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 Microbial Agricultural Inoculants Market Scope and Market Size
The microbial agricultural inoculants market is segmented on the basis of types, source, crop type and application. The growth among segments helps you analyse 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 types, the microbial agricultural inoculants market is segmented into plant growth promoting microorganisms, biocontrol agents, and stimulants.
- On the basis of source, the microbial agricultural inoculants market is segmented into fungal inoculants, and bacterial inoculants. Fungal inoculants have been further sub-segmented into trichoderma Spp and mycorrhizal. Bacterial inoculants have been further sub-segmented into photobacteria, rhizobacteria, and azetobacter.
- On the basis of crop type, the microbial agricultural inoculants market is segmented into oilseeds and pulses, fruits and vegetables, cereals and grains.
- On the basis of application, the microbial agricultural inoculants market is segmented into soil inoculation and seed inoculation.
Microbial Agricultural Inoculants Market Country Level Analysis
The global microbial agricultural inoculants market is analyses and market size, volume information is provided by country, types, source, crop type and application as referenced above.
The countries covered in the microbial 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 microbial agricultural inoculants market and will continue to flourish its trend of dominance during the forecast period owing to the surging adoption rate of new technologies to improve crop productivity and decrease the production cost in this region.
The country section of the microbial 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 Global Microbial Agricultural Inoculants Market Share Analysis
The microbial 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 microbial agricultural inoculants market.
Some of the major players operating in the microbial agricultural inoculants market are BRETTYOUNG, Verdesian Life Sciences, Agrauxine, BASF SE, DuPont, Bayer AG, Novozymes, Precision Laboratories, LLC, XiteBio Technologies Inc., BIO-CAT, Queensland Agricultural Seeds, TerraMax, Inc., Hancock Seed & Company, Corteva, ADM, Kemin Industries, Inc., Lallemand Inc., and DSM, among others.
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