The global agricultural inoculants market size was estimated to be US$ 0.9 billion in 2020 and is estimated to reach US$ 2.5 billion by 2031 at a CAGR of 9.7%.
Inoculants allude to feeble illness specialist chemicals that are presented in the body of the host, to build safety against that infection causing agents. The agricultural inoculants which contain Rhizobium microbes are known as nitrogen inoculants. It is either applied on the seed or added into the soil to further acquire plant sustenance, crop yield, and forestall soil-borne illnesses. Agricultural inoculants, otherwise called valuable microorganisms, can be utilized in horticulture as changes for soil and plants.
Horticulture Inoculant strategies give expected nourishment to the plants. It likewise animates hormonal activity in plants, prompting plant development. The consistent innovative work of new technologies will set out a few open doors that will prompt the development of the microbial agricultural inoculants market during this period. In November 2020, Groundwork BioAg cooperated with U.S's. Left Coast Wholesale to sell its DYNOMYCO mycorrhizal inoculant. The item depends on 30 years of examination by Israel's Volcani Center and is defined to build the yield of cannabis alongside the cannabinoid levels. The U.S. legitimized the utilization of cannabinoid for treatment and reproduction in its farm bill presented in 2018.
Agricultural inoculants assume a significant part in guaranteeing plant wellbeing, soil fruitfulness, and agricultural sustenance. Moreover, the rising demand for food because of the explicit rise in populace, combined with the restricted accessibility of cultivable land, is another factor favoring the market development. Different factors, such as supporting initiatives in the field of agricultural sciences and the implementation of effective government strategies, are projected to drive the market further. Agricultural inoculants help in prospering crop yield, consequently meeting the consistently rising food demand across the globe.
In September 2020, Marrone Bio Advancement Inc and Rizobacter accomplices to foster plant health and yield nourishment innovation in South America, notable for soybean, corn, and wheat production. Expanded rancher's attentiveness has prompted an alluvion sought after for biopesticides, inoculants, and bio-energizers. Absence of knowledge regarding the latest innovations, among the ranchers alongside expanding enactments are going about as market restrictions for the development of the agricultural inoculants during the forecast period of 2022-2032.
Global Agricultural Inoculants Market Value Share Analysis, by Geography (2022)
The report titled “Global Agricultural Inoculants Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is the historic period, 2022 is the base year, and 2023 to 2032 is the forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Agricultural Inoculants Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Agricultural Inoculants market is segmented on the basis of function, type, microbes, application, form and region. Based on function, the Agricultural Inoculants market is segmented into crop nutrition, and crop protection, and others. Based on type, the Agricultural Inoculants market is segmented into plant growth promoting microorganisms, bio-control agents, plant-resistant stimulants, and others. Based on microbe type, the Agricultural Inoculants market is segmented into bacteria (rhizobacteria, nitrogen-fixing bacteria, phosphate-solubilizing bacteria, and others), fungi (trichoderma Spp., mycorrhiza, and others), and others. Based on application type, the Agricultural Inoculants market is segmented into seed inoculation, soil inoculation, and others. Based on form type, the Agricultural Inoculants market is segmented into solid, liquid, granular, and others.
Based on geography, the Global Agricultural Inoculants Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada, and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Agricultural Inoculants Market. Further, market share of prominent companies in the Global Agricultural Inoculants Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Agricultural Inoculants companies. The Global Agricultural Inoculants Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Agricultural Inoculants business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Agricultural Inoculants Market.
The key players of the Global Agricultural Inoculants Market are BASF SE, Bayer AG, Novozymes, Verdesian Life Sciences., ABM ADVANCED BIOLOGICAL MARKETING, 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., Cargill, Incorporated., and others.
Global Agricultural Inoculants Market Key Segments:
Based on Function
Based on Type
Based on Microbes Type
Based on Application Type
Based on Form Type
By Region
The global Agricultural Inoculants market was worth US$ 0.9 billion in 2020.
The global Agricultural Inoculants market is expected to register a CAGR of 9.7% by 2031.
BASF SE, Bayer AG, Novozymes, Verdesian Life Sciences., ABM ADVANCED BIOLOGICAL MARKETING, BRETTYOUNG are the top 5 Agricultural Inoculants manufacturers.
The rising demand for food because of the explicit rise in populace, combined with the restricted accessibility of cultivable land, is another factor favoring the market development. Different factors, such as supporting initiatives in the field of agricultural sciences and the implementation of effective government strategies, are projected to drive the market further.
Based on applications, the Agricultural Inoculants market is segmented into Seed inoculation and Soil inoculation.
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