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
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.
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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.
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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.
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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) |
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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
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