Global Fungal Inoculants Market, By Type (Agricultural Inoculants, Silage Inoculants), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Forage, Others), Mode of Application (Seed Inoculation, Soil Inoculation, Others), Source (Mycorrhiza, Trichoderma Spp., Other Fungal Sources), 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 Fungal Inoculants Market
The demand for fungal inoculants is projected to rise at a rate of 5.0% in the 2021-2028 forecast period. Rising soybean production in emerging economies, which will serve as a driver for the demand for fungal 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 fungal 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 fungal 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 fungal 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 fungal 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 fungal 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 Fungal Inoculants Market Scope and Market Size
Fungal inoculants market is segmented on the basis of source, type, 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 source, the fungal inoculants market is segmented into mycorrhiza, trichoderma spp., and other fungal sources.
- Based on type, the fungal 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. Silage inoculants will hold the largest market share due to the expansion of the livestock industry.
- Based on the crop type, the fungal inoculants market 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. Cereals and grains will hold the largest market share due to the growing production as well as consumption of the product in various regions.
- The fungal inoculants market is also segmented on the basis of mode of application. The mode of application is segmented into seed inoculation, soil inoculation, and others.
Fungal Inoculants Market Country Level Analysis
Fungal inoculants market is analyses and market size, volume information is provided by country by source, type, crop type, and mode of application as referenced above.
The countries covered in the fungal 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 fungal 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 fungal inoculants market during 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 fungal 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 Fungal Inoculants Market Share Analysis
Fungal 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 fungal inoculants market.
The major players covered in the fungal 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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