Global Agricultural Microbial Inoculants Market Size By Type of Microbial Inoculants, By Crop Types, By Application Methods, By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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

Agricultural Microbial Inoculants Market Size And Forecast

Agricultural Microbial Inoculants Market size was valued at USD 10.15 Billion in 2023 and is projected to reach USD 18.49 Billion by 2030, growing at a CAGR of 10.7% during the forecast period 2024-2030.

Global Agricultural Microbial Inoculants Market Drivers

Numerous elements impact the Agricultural Microbial Inoculants Market, propelling its expansion and advancement. Here are a few significant market drivers

  • An increasing focus on sustainable agriculture Microbial inoculants are in high demand as eco-friendly substitutes for synthetic agrochemicals due to growing awareness of and adoption of sustainable agriculture techniques.
  • Improved Fertility and Soil Health Improved soil health is a result of microbial inoculants, which include biofertilizers and soil amendments. They enhance soil structure, encourage nutrient cycling, and increase plant access of nutrients.
  • The market for organic farming methods The use of microbial inoculants as natural and biobased inputs is encouraged by the growing acceptance of organic farming methods, which is fueled by customer preferences for organic products.
  • Diminution of Chemical Dependency on Input By lowering reliance on chemical pesticides and fertilizers, microbial inoculants help promote sustainable agriculture and lessen the negative environmental effects of traditional farming methods.
  • Effective Cycling and Fixation of Nutrients Mycorrhizal fungi and nitrogen-fixing bacteria are two examples of microbial inoculants that are essential to nutrient fixation and cycling, which enhances plant nutrient uptake.
  • Enhanced Crop Yield and Productivity By encouraging plant development, enhancing nutrient absorption, and offering defense against diseases, microbial inoculants can raise agricultural yields and improve crop productivity.
  • Biocontrol and Suppression of Diseases Certain microbial inoculants include biocontrol qualities that can reduce nematodes, plant diseases, and soil-borne pathogens, therefore lowering the requirement for chemical pesticides.
  • Support from the government and regulations The market for agricultural microbial inoculants is expanding thanks to supportive laws, policies, and incentives that support bio-based inputs and sustainable agriculture.
  • Investigation and Advancement in Microbiological Technology The range and effectiveness of microbial inoculants are increased by the discovery of novel strains and formulations as a result of ongoing research and development efforts in the field of microbiology.
  • Attempts to Enhance Crop Hardiness By strengthening crops’ resistance to environmental stressors like salinity, drought, and high temperatures, microbial inoculants help create agricultural systems that are more resilient and flexible.
  • Pay Attention to Precision Agriculture Resources are used efficiently and best outcomes are achieved by precision agriculture techniques, such as the tailored administration of microbial inoculants based on particular crop and soil conditions.

Global Agricultural Microbial Inoculants Market Restraints

There are a number of obstacles and difficulties facing the Agricultural Microbial Inoculants Market that could limit its expansion. Here are a few significant market constraints

  •  Restricted Perception and Knowledge A common adoption of microbial inoculants may be impeded by farmers’ ignorance about the advantages and uses of these tools.
  • Problems with Standardization Ensuring the quality, efficacy, and consistency of microbial inoculants can be difficult in the absence of defined testing procedures and laws.
  • Issues with Storage and Limited Shelf Life A few microbial inoculants might only last a short while, thus keeping them viable during storage requires careful consideration. Problems with storage may impact a product’s functionality.
  • Rivalry with Chemical Contributions Microbial inoculants face difficulties in agriculture due to the prevalence of conventional chemical inputs, since farmers may be more used to applying synthetic pesticides and fertilizers.
  • Difficulty in Formulation and Use Farmers may face difficulties due to the intricacy of microbial inoculant formulations and application techniques, which necessitate agricultural education and training for appropriate use.
  • Variations in Efficiency Across Soils Farmers may become skeptical about microbial inoculants if they show inconsistent efficacy in varying soil types and situations.
  • Segmentation of the Market and Absence of Standardization The market for agricultural microbial inoculants is frequently fragmented, with a wide range of products and formulations available. Selecting dependable and efficient products is difficult for farmers due to the absence of standards.
  • Reliance on Outside Sources Climate, soil quality, and crop variety are examples of external factors that can affect the effectiveness of microbial inoculants. Variability in these elements may lead to inconsistent results.
  • Hazard of Pollution The efficacy and quality of the final product may be impacted by the possibility of contamination during the microbial inoculant’s preparation and administration.
  • High Prices and Restricted Budget Certain microbial inoculants may have comparatively high manufacturing costs, which prevents small and resource-constrained farmers from using them.

Global Agricultural Microbial Inoculants Market Segmentation Analysis

The Global Agricultural Microbial Inoculants Market is Segmented on the basis of Type of Microbial Inoculants, Crop Types, Application Methods, and Geography.

Agricultural Microbial Inoculants Market, By Type of Microbial Inoculants

  • Biofertilizers Microbial inoculants containing beneficial microorganisms (such as nitrogen-fixing bacteria, phosphate-solubilizing bacteria, and mycorrhizal fungi) that enhance nutrient availability for plants.
  • Biopesticides Microbial inoculants with biocontrol agents (such as bacteria, fungi, or viruses) that help control plant diseases, pests, and nematodes.
  • Biostimulants Microbial inoculants that stimulate plant growth and enhance tolerance to stress conditions, improving overall plant health and productivity.

Agricultural Microbial Inoculants Market, By Crop Types

  • Cereals and Grains Microbial inoculants designed for crops like wheat, rice, corn, barley, oats, and other cereals.
  • Fruits and Vegetables Specialized microbial inoculants for fruit crops (e.g., apples, oranges) and vegetables (e.g., tomatoes, potatoes).
  • Legumes and Pulses Inoculants tailored for leguminous crops like soybeans, peas, lentils, and other pulses.
  • Oilseeds Microbial solutions for oilseed crops such as soybeans, sunflower, and canola.
  • Others (Tubers, Roots, Specialty Crops) Microbial inoculants for crops with specific growth habits, such as tubers (e.g., potatoes) and root vegetables.

Agricultural Microbial Inoculants Market, By Application Methods

  • Seed Treatment Microbial inoculants applied directly to seeds to enhance germination, root development, and nutrient uptake.
  • Soil Application Application of microbial inoculants to the soil to improve soil health, nutrient cycling, and overall plant performance.
  • Foliar Spray Application of microbial solutions directly to the leaves of plants for enhanced nutrient absorption and disease control.

Agricultural Microbial Inoculants Market, By Geography

  • North America Market dynamics influenced by factors such as technological advancements, farm sizes, and regional agricultural practices in the United States and Canada.
  • Europe Regional variations based on agricultural practices, climate conditions, and crop types across European countries.
  • Asia-Pacific Growing demand for harvesting equipment in countries like China, India, and Southeast Asian nations influenced by population growth and changing agricultural trends.
  • Latin America Market trends influenced by factors such as large-scale farming operations, climate conditions, and export-oriented agriculture in Latin American countries.
  • Middle East and Africa The market in this region shaped by factors such as water scarcity, crop diversity, and economic conditions.

Key Players

The major players in the Agricultural Microbial Inoculants Market are

  • Novozymes
  • BASF SE
  • Bayer AG
  • DowDuPont
  • ABM (Agricultural Bacillus Manufacturing)
  • Bioceres Crop Solutions
  • Premier Tech
  • Lesaffre
  • TerraMax, Inc.
  • XiteBio Technologies Inc.
  • BIO-CAT
  • Queensland Agricultural Seeds
  • Kemin Industries, Inc.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2020-2030

Base Year

2023

Forecast Period

2024-2030

Historical Period

2020-2022

Unit

Value (USD Billion)

Key Companies Profiled

Novozymes, BASF SE, Bayer AG, DowDuPont, ABM, Bioceres Crop Solutions, Premier Tech, Lesaffre, TerraMax, Inc., XiteBio Technologies Inc., BIO-CAT

Segments Covered

By Type of Microbial Inoculants, By Crop Types, By Application Methods, and By Geography.

Customization scope

Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We dig deep, using both numbers and observations, to understand the market by breaking it down into groups based on everything from money to lifestyle. We'll give you the market value (in USD Billion) for each slice of the market. You'll see which region and segment is predicted to grow the fastest and be the biggest. We'll analyze each geographic area, looking at how much of the product/service they use and what's influencing the market there. Plus, we'll map out the competitive scene, showing you who's on top and what they've been up to – new products, partnerships, expansions, and acquisitions – in the last five years. You get detailed company profiles with overviews, insights, product comparisons, and SWOT analysis for the key players. We'll cover the present and future of the industry, highlighting recent happenings, growth potential, what's driving things, and the challenges ahead in both new and established areas. We'll also give you an in-depth look at the market from different angles using Porter's five forces analysis. You'll gain insight into the market's Value Chain, understand the market dynamics, and see where the growth opportunities lie in the coming years. And to top it off, we offer 6-month post-sales analyst support.

Customization of the Report

• In case of any  please connect with our sales team, who will ensure that your requirements are met.

Related Reports

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

List Tables Figures

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

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.

Discounts are available.

Hard Copy

Email