Global Bacterial Inoculants Market, By Type (Agricultural Inoculants, Silage Inoculants), Mode of Action (Nitrogen Fixation, Phosphate Solubilization, Sequestering Iron, Modulating Phytohormone Levels), Source (Rhizobacteria, Phosphobacteria, Azotobacter, Lactobacillus, Pediococcus, Enterococcus, Other Bacterial Sources), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Forage, Others), Mode of Application (Seed Inoculation, Soil Inoculation, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Bacterial Inoculants Market
The demand for bacterial inoculants is projected to rise at a rate of 7.0% in the 2021-2028 forecast period. Rising soybean production in emerging economies, this will serve as a driver for the demand for bacterial inoculants in the 2021-2028 projected timeframe.
Inoculants, also known as beneficial microorganisms, can be used as modifications to soil and plants in agriculture. In agriculture, different types of microorganisms are used, such as plant growth promoters, suppliers of nutrients, and natural elements that protect plants. In order to enhance plant nutrition, agricultural inoculants are used and can also be used to encourage plant growth by stimulating plant hormone development.
Growing preferences towards organic products and horticulture crops, increasing usages of agricultural inoculants to enhance the productivity of the crop, rising number of initiatives by the government by providing subsidies to support farmers are some of the major as well as important factors which will likely to accelerate the growth of the bacterial inoculants market in the projected timeframe of 2021-2028. On the other hand, growing number of research and development activities along with rising applications from emerging economies which will further contribute by generating immense opportunities that will led to the growth of the bacterial inoculants market in the above mentioned projected timeframe.
Lack of awareness among the farmers along with increasing legislations are acting as market restraints for the growth of the bacterial inoculants in the above mentioned projected timeframe. Prevalence of poor infrastructure which will become the biggest and foremost challenge for the growth of the market.
This bacterial inoculants market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on bacterial inoculants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Bacterial Inoculants Market Scope and Market Size
Bacterial inoculants market is segmented on the basis of type, mode of action, source, crop type, and mode of application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the bacterial inoculants market is segmented into agricultural inoculants, and silage inoculants. Agricultural inoculants have been further segmented into plant-growth-promoting microorganisms, biocontrol agents, and plant-resistant stimulants. Silage inoculants have been further segmented into homofermentative, and heterofermentative.
- Based on mode of action, the bacterial inoculants market is segmented into nitrogen fixation, phosphate solubilization, sequestering iron, and modulating phytohormone levels.
- Based on the source, the bacterial inoculants market is segmented into rhizobacteria, phosphobacteria, azotobacter, lactobacillus, pediococcus, enterococcus, and other bacterial sources. Other bacterial sources have been further segmented into azospirillum, bacillus, and pseudomonas putida.
- The bacterial inoculants market is also segmented on the basis of crop type. The crop type is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, forage, and others. Others have been further segmented into turf and ornamentals, plantation crops, and fiber crops.
- Based on mode of application, the bacterial inoculants market is segmented into seed inoculation, soil inoculation, and others.
Global Bacterial Inoculants Market Country Level Analysis
Bacterial inoculants market is analyses and market size, volume information is provided by country, source, mode of action, mode of application, crop type, and type as referenced above.
The countries covered in the bacterial inoculants market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
North America dominates the bacterial inoculants market due to the rising demand for organic culture commodities along with the adoption of new agricultural technologies in the region while Asia-Pacific region will expect to grow in the forecast period 2021 to 2028 due to the increasing awareness among the people regarding the benefits of bio-based products along with rising adoption of the product in the region.
The country section of the bacterial inoculants market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bacterial Inoculants Market Share Analysis
Bacterial inoculants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bacterial inoculants market.
The major players covered in the bacterial inoculants report are BASF SE; Bayer AG; Novozymes; Verdesian Life Sciences.; ABM ADVANCED BIOLOGICAL MARKETING; BRETTYOUNG; Precision Laboratories, LLC; Queensland Agricultural Seeds; TerraMax, Inc.; XiteBio Technologies Inc.; Chr. Hansen Holding A/S; Lallemand Inc.; Kemin Industries, Inc.; Provita Supplements GmbH; Corteva; MBFi.; Cargill, Incorporated.; TerraMax, Inc.; BIOMIN Holding GmbH; ADM; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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