According to the latest report by IMARC Group, titled “Agricultural Inoculants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on agricultural inoculants market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global agricultural inoculants market size reached US$ 459.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 705.3 Million by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.
Agricultural inoculants are specialized formulations used in farming to enhance soil and plant health through the introduction of beneficial microorganisms, such as bacteria, fungi, or other microbes. These inoculants are designed to promote symbiotic relationships between plants and microorganisms, ultimately improving nutrient uptake, disease resistance, and overall crop productivity. The inoculants contain mycorrhizal fungi, which form mutually beneficial associations with plant roots, aiding in nutrient absorption and stress tolerance. They are applied directly to seeds, plant roots, or soil, where they establish a presence and contribute to a healthier and more productive agricultural ecosystem. These inoculants play a pivotal role in modern agriculture by promoting environmentally friendly and economically viable practices, aligning with the goals of sustainable and regenerative farming.
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Market Trends:
The increasing global population and the need to ensure food security have led to a greater emphasis on improving crop yields and agricultural productivity is driving the global market. Agricultural inoculants, including beneficial microorganisms such as rhizobia and mycorrhizal fungi, play a crucial role in enhancing soil health and nutrient availability, thereby promoting plant growth and yield. Additionally, the growing awareness of sustainable farming practices and the desire to reduce the environmental impact of agriculture have prompted the adoption of inoculants as an eco-friendly alternative to synthetic fertilizers and chemical pesticides. Moreover, the increasing demand for high-quality and nutritionally rich crops, especially in horticulture and specialty crop production, has driven the use of inoculants to improve crop quality and nutritional value. Furthermore, advancements in biotechnology and microbial research have led to the development of more efficient and specialized inoculant formulations tailored to specific crops and soil conditions.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Advanced Biological Marketing Inc.
- BASF SE
- Dow Chemical Company
- Bayer Crop Science
- Brettyoung
- Novozymes A/S
- Verdesian Life Sciences LLC
- XiteBio Technologies Inc.
- Precision Laboratories LLC
Agricultural Inoculants Market Segmentation:
Our report has categorized the market based on region, type, microbes, mode of application, form and crop type.
Breakup by Type:
- Plant Growth Promoting Microorganisms
- Bio-Control Agents
- Plant-Resistant Stimulants
- Others
Breakup by Microbes:
- Bacteria
- Rhizobacteria
- Nitrogen-fixing Bacteria
- Phosphate-solubilizing Bacteria
- Others
- Fungi
- Trichoderma Spp.
- Mycorrhiza
- Others
- Others
Breakup by Mode of Application:
- Seed Inoculation
- Soil Inoculation
- Others
Breakup by Form:
- Solid
- Liquid
- Granular
- Others
Breakup by Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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