Global Inoculants Market, By Type (Agricultural Inoculants, Silage Inoculants), Microbe (Bacterial, Fungal, Other Sources), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Forage, Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, 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, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights Global Inoculants Market
Data Bridge Market Research analyses that the inoculants market will project a compound annual growth rate (CAGR) of 7.78% during the forecast period of 2021-2028 and is expected to reach the USD 1,684.41 million by 2028.
Inoculants are a mixture of microorganisms that boost soil fertility and health. It's also known as microbial inoculants, and it helps improve the nutritional condition of the host plant while reducing the requirement for fertiliser inputs. Beneficial microbes such as fungus, bacteria, algae and protozoa are found in inoculants, which boost plant growth and aid to control pests and illnesses. The bacteria in the inoculants are extremely beneficial to plant development, as well as stimulating and benefiting other organisms and insects that aid in plant growth. Inoculants are used to increase plant nutrition and can also be utilized to promote plant growth by boosting the synthesis of plant hormones.
The rise in the preferences towards the organic and environment-friendly farming practices and growing environmental concerns associated with the usage of fertilizers and pesticides are the major factors attributable to the growth of inoculants market. Also, growing demand for organically produced goods amongst consumers across the globe, rising awareness about crop health, upsurge in the adoption rate of advanced farming practices and growing demand for more productivity will cushion the growth rate of the inoculants market.
Moreover, the increasing rate of livestock industry and growing utilization of silage as feedstock for biofuel production will further create lucrative and remunerative growth opportunities for the inoculants market.
However, the lack of awareness about inoculants among farmers in developing nations and lower shelf life of agricultural inoculants are the major factors that will hinder the growth of the inoculants market. Also, poor infrastructure and silage losses due to fungi and mycotoxin will further challenge the inoculants market growth rate.
This 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 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 Inoculants Market Scope and Market Size
The inoculants market is segmented on the basis of type, microbe and crop type. 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.
Based on the type, the inoculants market is segmented into agricultural inoculants and silage inoculants. Agricultural inoculants have been further segmented into biocontrol agents, plant-growth-promoting microorganisms, and plant resistance stimulants. Silage inoculants have been further segmented into homofermentative, and heteofermentative.
Based on the microbe, the inoculants market is segmented into bacterial, fungal and other sources. Bacterial has been further segmented into mode of action, and types of bacterial sources. Mode of action has been divided into sequestering iron, phosphate solubilization, nitrogen fixation, and modulating phytohormone levels. Types of bacterial sources have been divided into phosphobacteria, rhizobacteria, lactobacillus, azotobacter, pediococcus, enterococcus, and other bacterial sources. Fungal has been further segmented into mycorrhiza, trichoderma Spp., and other fungal sources. Other sources have been further segmented into azospirillum, bacillus, and pseudomonas putida.
On the basis of crop type, the inoculants market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, forage and others.
Inoculants Market Country Level Analysis
The global inoculants market is analyses and market size, volume information is provided by country, type, microbe and crop type as referenced above.
The countries covered in the inoculants market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, 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, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific region dominates the inoculants market and will continue to flourish its dominance during the forecast period owing to the growing demand for various food products in emerging countries and rising industrialization for the production of livestock this region. North America is expected to grow during the forecast period of 2021-2028 due to the surge in the adoption rate of modern technologies for better crop yield and productivity in this region.
The country section of the 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 Global Inoculants Market Share Analysis
The 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 inoculants market.
The major players covered in the inoculants market report are Corteva, BASF SE, Bayer AG, Novozymes, Verdesian Life Sciences., ABM ADVANCED BIOLOGICAL MARKETING, BRETTYOUNG, Precision Laboratories, LLC, Queensland Agricultural Seeds, XiteBio Technologies Inc., Chr. Hansen Holding A/S, Lallemand Inc., Kemin Industries, Inc., Provita Supplements GmbH, Cargill, Incorporated.; ADM, ERBER Group, TerraMax, Inc., BIO-CAT Microbials, MBFi., 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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