Agricultural Inoculants Market

The agricultural inoculants market reached a value of US$ 395.1 Million in 2020. IMARC Group expects the market to grow at a CAGR of 7.6% during 2021-2026.

SHERIDAN, WYOMING, UNITED STATES, November 16, 2021 /EINPresswire.com/ -- According to the latest report by IMARC Group, titled “Agricultural Inoculants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global agricultural inoculants market reached US$ 395.1 Million in 2020. An agricultural inoculant, also known as microbial inoculant, is composed of beneficial microorganisms like fungi, bacteria, protozoa, viruses, and algae. It is mainly used for supplementing the nutrient needs of crops and agroforestry in drylands. It is also utilized for improving crop yield, preventing soil-borne diseases, promoting growth in plants, and enhancing mineral uptake. As it is environment-friendly, it is increasingly being adopted around the world.

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Agricultural Inoculants Market Trends:

The chemically synthesized fertilizers and pesticides lead to soil pollution, microbial imbalance and reduce the levels of biocontrol agents in the soil. This represents one of the key factors catalyzing the need for agricultural inoculants to protect plant and soil health. Apart from this, the increasing adoption of organic farming practices across the globe is also propelling the market growth. Furthermore, leading market players are focusing on introducing numerous innovations in the field of agricultural sciences. This, along with the rising demand for food due to the increasing global population and limited availability of cultivable land, is creating a favorable market outlook. Besides this, the market is also driven by the significantly expanding agricultural industry worldwide. Looking forward, the market value is projected to reach US$ 616.6 Million by 2026, expanding at a CAGR of 7.60% during the forecast period (2021-2026).

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market 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

Agricultural Inoculants Market Segmentation:

Our report has categorized the market based on region, type, microbes, mode of application, form and crop type.

Market Breakup by Type:

Plant Growth Promoting Microorganisms
Bio-Control Agents
Plant-Resistant Stimulants
Others

Market Breakup by Microbes:

Bacteria
Rhizobacteria
Nitrogen-fixing Bacteria
Phosphate-solubilizing Bacteria
Others
Fungi
Trichoderma Spp.
Mycorrhiza
Others
Others

Market Breakup by Mode of Application:

Seed Inoculation
Soil Inoculation
Others

Market Breakup by Form:

Solid
Liquid
Granular
Others

Market Breakup by Crop Type:

Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others

Market Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

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