Inoculants Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Agricultural Inoculants, Silage Inoculants), By Microbe (Bacterial, Fungal, Others), By Crop Type (Oilseeds & Pulses, Cereals & Grains, Fruits & Vegetables, Forage, Others), By Form (Liquid, Dry), By Region and Competition 2018-2028

Published Date: June - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Agriculture | Format: Report available in PDF / Excel Format

View Details Buy Now 2890 Download Sample Ask for Discount Request Customization

Inoculants Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Agricultural Inoculants, Silage Inoculants), By Microbe (Bacterial, Fungal, Others), By Crop Type (Oilseeds & Pulses, Cereals & Grains, Fruits & Vegetables, Forage, Others), By Form (Liquid, Dry), By Region and Competition 2018-2028

The global inoculants market size is estimated to be valued at USD 1.1 billion in 2022. It is anticipated to reach USD 1.7 billion by 2027, recording a CAGR of 8.1% in value.

In 2020, Australia was ranked first with an organic agricultural land area amounting to 35.69 million hectares.

Global Inoculants Market is expected to expand during the projected period due to increasing demand for organic food products, and the need for sustainable agricultural practices.

 Download Sample  Ask for Discount  Request Customization 

For instance, according to Agricultural & Processed Food Products Export Development Authority (APEDA), in the financial year of 2021-22, India produced around 3.4 million MT of certified organic products which includes all varieties of food products namely oil seeds, fiber, sugar cane, cereals & millets, cotton, pulses, aromatic & medicinal plants, tea, coffee, fruits, spices, dry fruits, vegetables, processed foods etc.

Inoculants are agricultural additives that increase the beneficial microbial activity in the soil to enhance plant development and productivity. These solutions include helpful microbes that support plant growth, shield plants from hazardous infections, and assist them in obtaining the nutrients they require from the soil. Therefore, the demand of inoculants from various sectors lead to the growth of the market in the upcoming years.

Rising environmental concerns regarding the use of synthetic fertilizers & pesticides

Chemical pesticides and fertilizers are employed in a variety of agricultural procedures to nourish crops and defend them against damaging weeds, insects, and illnesses.

For instance, according to the Food and Agriculture Organization (FAO), more than 4 million tonnes of pesticides were utilized for agricultural purposes.


MIR Segment1

 Download Sample  Ask for Discount  Request Customization 

Furthermore, in 2021, the total global demand for fertilizers is expected to reach around 181 million metric tonnes.

Serious concerns have been raised about the health risks associated with occupational exposure to pesticides as well as from residues in food and drinking water, even though pesticides are developed through strict regulatory processes to function with reasonable certainty and minimal impact on human health and the environment. These pesticides are accumulated in the plant part, soil, air, water, and biota which ultimately leads to the contamination of soil and water causing a threat to the environment.

For instance, according to the US Environmental Protection Agency, pesticides have an adverse effect on health such as organophosphates and carbamates affecting the nervous system, as well as the hormone or endocrine system in the body.

Moreover, overuse of synthetic fertilizers can cause soil acidification and soil crust, which lowers the amount of organic matter, humus, and beneficial organisms in the soil, stunts plant development, change the soil's pH, feeds pests, and triggers the release of greenhouse gases. The soil's acidity lowers phosphate uptake by plants, increases the number of detrimental ions present in the soil, and prevents plants from growing.

For instance, according to the United Nations-backed Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) nutrient run-off from farms laced with synthetic fertilizer has adversely affected land ecosystems.

Growing Adoption for Sustainable and Organic Farming

The trend in agricultural methods is moving away from conventional farming towards organic farming. This change can be ascribed to rising environmental awareness as well as worries about soil health, environment safety, and agricultural sustainability.


MIR Regional

 Download Sample  Ask for Discount  Request Customization 

For instance, in 2023, according to the Research Institute of Organic Agriculture (FiBL), t

Moreover, the excessive use of fertilizers and pesticides in contemporary agriculture leads to serious issues such as soil contamination, microbial imbalance, decreased soil fertility and production, and the extinction of beneficial species and natural biocontrol agents. In addition, the usage of inoculants has grown dramatically in recent years because they include beneficial microorganisms that aid in enhancing soil nutrient availability, lowering inputs of chemical fertilizers, and promoting sustainable agriculture.

For instance, in February 2023, Bio S.I. Technology provides organic and conventional soil inoculant products to help rebuild soil naturally.

Agricultural Inoculants will be the Key Type

The use of excessive amounts of artificial fertilizers, low levels of nutrients and moisture in the soils, and rising environmental concerns are some of the main issues facing the world's agricultural industry. Also, there is an increase in the demand for and acceptance of organic farming as a kind of sustainable agriculture. An emerging possibility for synchronizing nutrient delivery to meet plant needs is the use of agricultural inoculants. Also, several government programs encourages the use of inoculants to raise knowledge of microbial inoculants across the world.

For Instance, FERTIBIO, an Italian group, uses biomaterials and microorganisms to develop new bio inoculants to cultivate food and feed crops.

Additionally, beneficial microorganisms, commonly referred to as agricultural inoculants, can be added to soil and plants as fertilizers in agriculture. Many microorganisms are employed in agriculture as natural factors protect plants and stimulate development. Inoculants are used in agriculture to enhance plant nutrition. By encouraging the synthesis of plant hormones, they can be employed to encourage plant development.

For instance, Imex Agro Company LLC has developed inoculants by the name of BIOSTIM which is used for major agricultural crops.

Moreover, the growth of the poultry sector, the rise in the use of silage as a feedstock for the manufacturing of biofuels, and the acceleration of the cattle sector are all driving the demand for silage inoculants fostering the expansion of the inoculants market.

For instance,

All these factors increase the

However, farmers in developing countries are still unaware or vaguely aware of the advantages of inoculations. Even though agricultural biologicals are thought to benefit crops and the environment, some farmers in developing countries are seen as less effective than those who use chemical inoculants. In addition, agriculture serves as a key source of income for a sizable portion of the population in several nations. Therefore, farmers are reluctant to take chances when growing their crops, which restricts the usage of inoculants which results in restraining the growth of market. Additionally, due to lower shelf life of the inoculants many distributors in the developing nation are not willing to store and sell inoculants which further slowdown the market growth.

Recent Developments

  • In September 2022, Rizobacter, merge with Marrone Bio-Innovations (MBI) for developing sustainable crop solutions worldwide.
  • Kemin Industries Opened New Facilities in Mexico in May 2022.
  • In April 2022, Corteva started its first seed applied technology center in Europe.
  • BASF SE and AMVAC Chemical Corp mutually developed a Rhizo-Flo soybean inoculant solution for SIMPAS-applied solutions in March 2022.

Market Segmentation

Key Companies in the inoculants market include


  • Corteva Inc (U.S.)

  • BASF SE (Germany)

  • Bayer AG (Germany)

  • Novozymes A/S (Denmark)

  • Brettyoung (Canada)

  • Rizobacter Argentina S.A. (Argentina)

  • Italpollina S.p.A. (Italy)

  • Advanced Biological Marketing Inc. (U.S.)

  • Soil Technologies Corporation (U.S.)

  • Verdesian Life Sciences LLC (U.S.)

Company Profiles

Corteva, Inc., BASF SE, Bayer AG, Novozymes A/S, Cargill, Incorporated (US), Koninklijke DSM N.V., Chr. Hansen Holding A/S, Agrauxine SA, BIO-Cat Inc, Kemin Industries, Inc. are some of the key players of the Global Inoculants Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Type

Microbes

Crop Type

Form

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

United States; Mexico; Canada; France; Germany; United Kingdom; Spain; Italy; China; India; South Korea; Japan; Australia; Brazil; Argentina; South Africa; Saudi Arabia; UAE

Key companies profiled

Corteva, Inc., BASF SE, Bayer AG, Novozymes A/S, Cargill, Incorporated (US), Koninklijke DSM N.V., Chr. Hansen Holding A/S, Agrauxine SA, BIO-Cat Inc, Kemin Industries, Inc.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Read More Releated Report-

Agriculture Adjuvants Market

North America Manufactured Soil Market

North America Turf Protection Market

Crowd Farming Market

Tomato Seeds Market

Table of Content

Table of Contents

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS 16

1.1.1 GLOBAL AGRICULTURAL INOCULANTS MARKET, BY TYPE 17

1.1.2 GLOBAL AGRICULTURAL INOCULANTS MARKET, BY MODE OF APPLICATION 18

1.1.3 GLOBAL AGRICULTURAL INOCULANTS MARKET, BY CROP TYPE 19

1.1.4 GLOBAL AGRICULTURAL INOCULANTS MARKET, BY REGION 20

2 MARKET INTRODUCTION

2.1 DEFINITION 21

2.2 SCOPE OF THE STUDY 21

2.3 RESEARCH OBJECTIVE 21

2.4 MARKET STRUCTURE 22

2.5 KEY BUYING CRITERIA 22

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS 23

3.2 PRIMARY RESEARCH 24

3.3 SECONDARY RESEARCH 25

3.4 MARKET SIZE ESTIMATION 25

3.5 FORECAST MODEL 27

3.6 LIST OF ASSUMPTIONS 28

4 MARKET INSIGHTS

5 MARKET DYNAMICS

5.1 INTRODUCTION 31

5.2 DRIVERS 32

5.2.1 GROWING DEMAND FOR ORGANIC PRODUCTS 32

5.2.2 PROMOTION OF ORGANIC FARMING BY GOVERNMENT AUTHORITIES AND ORGANIC TRADE ASSOCIATIONS 32

5.2.3 DRIVERS IMPACT ANALYSIS 33

5.3 RESTRAINTS 33

5.3.1 STRINGENT REGULATIONS FOR ORGANIC FARMING 33

5.3.2 LOW SHELF LIFE OF THE PRODUCTS 33

5.3.3 RESTRAINTS IMPACT ANALYSIS 34

5.4 OPPORTUNITIES 34

5.4.1 INCREASING ADOPTION OF ORGANIC FARMING PRACTICES IN EMERGING ECONOMIES 34

5.5 CHALLENGES 35

5.5.1 LIMITED AWARENESS AMONG THE FARMERS IN THE EMERGING & UNDERDEVELOPED ECONOMIES 35

6 MARKET FACTOR ANALYSIS

6.1 VALUE CHAIN ANALYSIS 36

6.1.1 RAW MATERIAL PROCUREMENT AND RESEARCH & DEVELOPMENT 37

6.1.2 PROCESSING 37

6.1.3 PACKAGING 37

6.2 SUPPLY CHAIN ANALYSIS 38

6.3 PORTER’S FIVE FORCES MODEL 39

6.3.1 THREAT OF NEW ENTRANTS 40

6.3.2 BARGAINING POWER OF SUPPLIERS 40

6.3.3 BARGAINING POWER OF BUYERS 40

6.3.4 THREAT OF SUBSTITUTES 40

6.3.5 INTENSITY OF RIVALRY 41

6.4 IMPACT OF COVID-19 OUTBREAK ON THE GLOBAL AGRICULTURAL INOCULANTS MARKET 41

6.4.1 IMPACT ON SUPPLY CHAIN 41

6.4.2 IMPACT ON RAW MATERIAL AVAILABILITY & PRICING 41

6.4.3 SUPPLY-DEMAND IMBALANCE 41

6.4.4 OTHERS 42

7 GLOBAL AGRICULTURAL INOCULANTS MARKET, BY TYPE

7.1 OVERVIEW 43

7.1.1 GLOBAL AGRICULTURAL INOCULANTS MARKET ESTIMATES & FORECAST, BY TYPE, 2023–2030 44

7.2 BACTERIAL INOCULANTS 44

7.2.1 BACTERIAL INOCULANTS: MARKET ESTIMATES & FORECAST, BY REGION, 2023–2030 45

7.3 FUNGAL INOCULANTS 45

7.3.1 FUNGAL INOCULANTS: MARKET ESTIMATES & FORECAST, BY REGION, 2023–2030 45

7.4 OTHERS 46

7.4.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2023–2030 46

8 GLOBAL AGRICULTURAL INOCULANTS MARKET, BY MODE OF APPLICATION

8.1 OVERVIEW 47

8.1.1 GLOBAL AGRICULTURAL INOCULANTS MARKET ESTIMATES & FORECAST, BY MODE OF APPLICATION, 2023–2030 48

8.2 SEED INOCULATION 48

8.2.1 SEED INOCULATION: MARKET ESTIMATES & FORECAST, BY REGION, 2023–2030 48

8.3 SOIL INOCULATION 49

8.3.1 SOIL INOCULATION: MARKET ESTIMATES & FORECAST, BY REGION, 2023–2030 49

8.4 OTHERS 49

8.4.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2023–2030 49

9 GLOBAL AGRICULTURAL INOCULANTS MARKET, BY CROP TYPE

9.1 OVERVIEW 51

9.1.1 GLOBAL AGRICULTURAL INOCULANTS MARKET ESTIMATES & FORECAST, BY CROP TYPE, 2023–2030 52

9.2 CEREALS & GRAINS 52

9.2.1 CEREALS & GRAINS: MARKET ESTIMATES & FORECAST, BY REGION, 2023–2030 52

9.3 OILSEEDS & PULSES 53

9.3.1 OILSEEDS & PULSES: MARKET ESTIMATES & FORECAST, BY REGION, 2023–2030 53

9.4 FRUITS & VEGETABLES 54

9.4.1 FRUITS & VEGETABLES: MARKET ESTIMATES & FORECAST, BY REGION, 2023–2030 54

9.5 OTHERS 54

9.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2023–2030 54

10 GLOBAL AGRICULTURAL INOCULANTS MARKET, BY REGION

10.1 OVERVIEW 56

10.2 NORTH AMERICA 58

10.2.1 US 60

10.2.2 CANADA 62

10.2.3 MEXICO 63

10.3 EUROPE 65

10.3.1 GERMANY 67

10.3.2 UK 69

10.3.3 FRANCE 70

10.3.4 SPAIN 72

10.3.5 ITALY 73

10.3.6 RUSSIA 75

10.3.7 UKRAINE 76

10.3.8 REST OF EUROPE 78

10.4 ASIA-PACIFIC 80

10.4.1 CHINA 82

10.4.2 INDIA 84

10.4.3 JAPAN 85

10.4.4 AUSTRALIA & NEW ZEALAND 87

10.4.5 REST OF ASIA-PACIFIC 88

10.5 REST OF THE WORLD 90

10.5.1 MIDDLE EAST 92

10.5.2 SOUTH AMERICA 94

10.5.2.1 ARGENTINA 95

10.5.2.2 BRAZIL 97

10.5.2.3 REST OF SOUTH AMERICA 98

10.5.3 AFRICA 100

10.5.3.1 SOUTH AFRICA 101

10.5.3.2 ZAMBIA 103

10.5.3.3 REST OF AFRICA 104

11 COMPETITIVE LANDSCAPE

11.1 INTRODUCTION 106

11.1.1 MARKET STRATEGY ANALYSIS 106

11.2 COMPETITIVE BENCHMARKING 107

11.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 108

11.3.1 PRODUCT LAUNCH 108

11.3.2 COLLABORATION 108

11.3.3 ACQUISITIONS 108

11.3.4 EXPANSIONS 109

11.3.5 PARTNERSHIPS 109

12 COMPANY PROFILES

12.1 CORTEVA, INC. 110

12.1.1 COMPANY OVERVIEW 110

12.1.2 FINANCIAL OVERVIEW 111

12.1.3 PRODUCTS OFFERED 111

12.1.4 KEY DEVELOPMENTS 112

12.1.5 SWOT ANALYSIS 112

12.1.6 KEY STRATEGIES 112

12.2 BASF SE 113

12.2.1 COMPANY OVERVIEW 113

12.2.2 FINANCIAL OVERVIEW 113

12.2.3 PRODUCTS OFFERED 114

12.2.4 KEY DEVELOPMENTS 114

12.2.5 SWOT ANALYSIS 115

12.2.6 KEY STRATEGIES 115

12.3 BAYER AG 116

12.3.1 COMPANY OVERVIEW 116

12.3.2 FINANCIAL OVERVIEW 116

12.3.3 PRODUCTS OFFERED 117

12.3.4 KEY DEVELOPMENTS 117

12.3.5 SWOT ANALYSIS 118

12.3.6 KEY STRATEGIES 118

12.4 NOVOZYMES A/S 119

12.4.1 COMPANY OVERVIEW 119

12.4.2 FINANCIAL OVERVIEW 119

12.4.3 PRODUCTS OFFERED 120

12.4.4 KEY DEVELOPMENTS 120

12.4.5 SWOT ANALYSIS 120

12.4.6 KEY STRATEGIES 121

12.5 BRETTYOUNG 122

12.5.1 COMPANY OVERVIEW 122

12.5.2 FINANCIAL OVERVIEW 122

12.5.3 PRODUCTS OFFERED 122

12.5.4 KEY DEVELOPMENTS 122

12.5.5 KEY STRATEGIES 122

12.6 RIZOBACTER ARGENTINA S.A. 123

12.6.1 COMPANY OVERVIEW 123

12.6.2 FINANCIAL OVERVIEW 123

12.6.3 PRODUCTS OFFERED 123

12.6.4 KEY DEVELOPMENTS 123

12.6.5 SWOT ANALYSIS 124

12.6.6 KEY STRATEGIES 124

12.7 ITALPOLLINA S.P.A. 125

12.7.1 COMPANY OVERVIEW 125

12.7.2 FINANCIAL OVERVIEW 125

12.7.3 PRODUCTS OFFERED 125

12.7.4 KEY DEVELOPMENTS 125

12.7.5 KEY STRATEGIES 125

12.8 ADVANCED BIOLOGICAL MARKETING INC. 126

12.8.1 COMPANY OVERVIEW 126

12.8.2 FINANCIAL OVERVIEW 126

12.8.3 PRODUCTS OFFERED 126

12.8.4 KEY DEVELOPMENTS 126

12.8.5 KEY STRATEGIES 126

12.9 SOIL TECHNOLOGIES CORPORATION 127

12.9.1 COMPANY OVERVIEW 127

12.9.2 FINANCIAL OVERVIEW 127

12.9.3 PRODUCTS OFFERED 127

12.9.4 KEY DEVELOPMENTS 127

12.9.5 KEY STRATEGIES 127

12.10 VERDESIAN LIFE SCIENCES, LLC 128

12.10.1 COMPANY OVERVIEW 128

12.10.2 FINANCIAL OVERVIEW 128

12.10.3 PRODUCTS OFFERED 128

12.10.4 KEY DEVELOPMENTS 129

12.10.5 KEY STRATEGIES 129

13 REFERENCES

List Tables Figures

List of Tables and Figures

FAQ'S

For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:

sales@marketinsightsresearch.com

Within 24 to 48 hrs.

You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email

You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.