Global Agricultural Inoculants Market: Market Outlook
Agricultural inoculants are also known as bacterial inoculants and soil inoculants, generally contain beneficial microbes that promote plant growth. Agricultural inoculants are helping plants and crops by providing nutrients and suppressing diseases and promote plant growth. Several qualities of the inoculants such as the formation of synergetic relationship for related benefits, biofertilizers, and providing essential minerals & nutrients creates a need for the agricultural inoculants at the global platform. This improved yield of crop owing to the adoption of inoculants will push the market growth in the near future. The increasing demand for organic agriculture commodities enabling farmers to grow crops with organic practices. Agricultural inoculants are the best solutions to crops in an organic way.
Global Agricultural Inoculants Market: Market Dynamics
Increasing demand for organic agriculture commodities is driving the growth of the agricultural inoculants market. Manufacturers of agriculture products are demanding organic and bio-based ingredients to produce agricultural products. Many countries have banned or planning to ban GMO crops or synthetic chemical based crop protection and plant growth regulator products due to their side effects on humans and livestock’s health. This is one of the biggest factor boosting the demand for agricultural inoculants market. The global population becoming health conscious and the awareness about food products increasing very fast. These food consumers demanding organic food products on a huge scale which enabling food manufacturers to produce organic food products which fueling the growth for the agricultural inoculants market. The crop protection products manufacturers are switching themselves from producing chemical-based products to bio-based crop protection products which become biggest growth driver for the agricultural inoculants market.
Global Agricultural Inoculants Market: Market Segmentation
On the basis of type, the global agricultural inoculants market has been segmented as,
On the basis of the type of microbe, the global agricultural inoculants market has been segmented as,
On the basis of Application, the global agricultural inoculants market has been segmented as,
On the basis of crop type, the global agricultural inoculants market has been segmented as,
On the basis of regions, the global agricultural inoculants market has been segmented as,
Global Agricultural Inoculants Market: Key Players
Some of the key players are engaged in the global agricultural inoculants market are, Advanced Biological Marketing Inc., Bayer CropScience, Brettyoung, Dupont, Novozymes A/S, BASF SE., Precision Laboratories, LLC, Verdesian Lifesciences, Queensland Agricultural Seeds Pty. Ltd., Xitebio Technologies Inc., Marrone Bio Innovations., Biofa AG., Biotech International Ltd., and others. These key players are engaged in improving more and more and application range of agricultural inoculants in the global agricultural inoculants market.
Opportunities for key players in the global agricultural inoculants market
The Increasing global sustainable agriculture practices are fueling the market growth for agricultural inoculants. The modern agriculture practices are switching towards the use of bio-based and organic crop protection products, Farmers produce healthy crops in a sustainable way to meet the needs of a growing world population, especially the European countries are promoting organic and sustainable farming among farmers. The governments made stringent regulations on the use of chemical-based crop protection products and spreading awareness of the benefits of bio based products, which drives the demand for agricultural inoculants. The prices of organic agriculture commodities are increasing day-by-day which enabling farmers to grow organic crops and plants to earn maximum profits. North America and Latin America are the prominent regions for the global agricultural inoculants market, due to its large agricultural cropland and sustainable agricultural practices. The Asia Pacific region is one of the biggest agricultural markets in the globe followed by China and India. This region is on the way of agriculture transformation having a huge potential for agriculture production. Farmers are becoming aware of bio-based products and their benefits in agriculture. This region can be the potential market for the global agricultural inoculants market in the near future.
Overview of the Report
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on:
The regional analysis includes: