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 CustomizationInoculants 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
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.
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.
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.
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
Global Inoculants Market
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) |
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:
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.
Discounts are available.
Hard Copy