The global agricultural inoculants market reached a value of US$ 427.5 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 662.8 Million by 2027, exhibiting a CAGR of 7.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
An agricultural inoculant, or soil inoculant, is a formulation of various microbial organisms, such as bacteria, fungi, protozoa, virus and algae, that are used to promote plant growth. It is either applied on the seed or added into the soil to improve plant nutrition, crop yield and prevent soil-borne diseases. It is also utilized to promote growth in plants by stimulating the production of plant hormones and enhancing mineral uptake. Inoculants are environment-friendly and can be used as a potential alternative to chemical fertilizers and pesticides for cereals, grains, oilseeds, fruits, vegetables and silage and forage crops.
The growing agriculture industry, along with the increasing adoption of organic farming practices, represent as the key factors driving the market growth. Owing to the growing concerns for agricultural sustainability, soil health and environmental safety, agricultural inoculants are rapidly being used along with organic manure to improve soil fertility and plant health. Furthermore, increasing consumer awareness regarding adverse effects of chemically synthesized fertilizers and pesticides is also providing a boost to the market growth. The artificial additives are known to cause microbial imbalance, soil pollution and reduce the levels of biocontrol agents in the soil. As a result, there is a growing preference for agricultural inoculants that provide natural protection to the plants and soil. Additionally, the rising demand for food as a result of the increasing population, coupled with the limited availability of cultivable land, is another factor favoring the market growth. Agricultural inoculants aid in increasing crop yield, thus meeting the steadily rising food demand across the globe. Other factors, including various innovations in the field of agricultural sciences and the implementation of favorable government policies, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global agricultural inoculants market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, microbes, mode of application, form and crop type.
Breakup by Type:
Plant Growth Promoting Microorganisms
Breakup by Microbes:
Breakup by Mode of Application:
Breakup by Form:
Breakup by Crop Type:
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Breakup by Region:
Middle East and Africa
United Arab Emirates
The competitive landscape of the industry has also been examined with some of the key players being 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, etc. Key Questions Answered in This Report:
How has the global agricultural inoculants market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global agricultural inoculants market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the microbes?
What is the breakup of the market based on the mode of application?
What is the breakup of the market based on the form?
What is the breakup of the market based on the crop type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the global agricultural inoculants market and who are the key players?
What is the degree of competition in the market?