Global Agricultural Inoculants Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027 | EMR Inc.

Global Agricultural Inoculants Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027 | EMR Inc.

“Global Agricultural Inoculants Market Report and Forecast 2022-2027”
Global Agricultural Inoculants Market to be Driven by the Increased Demand for Food in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Agricultural Inoculants Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global agricultural inoculants market, assessing the market based on its segments like types, microbes, functions, modes of application, forms, crop types, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Forecast CAGR (2022-2027): 8%

The global market for agricultural inoculants is anticipated to be driven by the need to scale up agricultural production to meet the expanding world population’s food needs, while also maintaining soil fertility. As more and higher-quality agricultural inoculants become accessible, growers are progressively using them. Agricultural inoculants are also long-term remedies that help to mitigate the detrimental effects of pesticide use on the environment. Organically cultivated foods are becoming increasingly popular around the world. These factors will almost certainly drive market growth. Another element favouring market expansion is the rising demand for food as a result of the growing population, along with the limited supply of cultivable land.

Industry Definition and Major Segments

In agriculture, inoculants (or soil organisms) are employed for their beneficial effects. Bacteria like rhizobia create symbiotic relationships with specific host plants like legumes; the plant feeds the bacteria with carbon from photosynthesis and a habitat, while the bacteria fix atmospheric nitrogen into a useable form for the plant (nitrogen fixation).

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By type, the market is segmented into:

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

By microbes, the market is divided into:

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

By function, the market is divided into:

  • Crop Nutrition
  • Crop Protection
  • Others

By mode of application, the market is segmented into:

  • Seed Inoculation
  • Soil Inoculation
  • Others

By form, the market is classified into:

  • Solid
  • Liquid
  • Granular
  • Others

By crop type, the market is divided into:

  • Cereals and Grains
  • Oilseeds and Pulses
  • Fruits and Vegetables
  • Others

On the basis of region, the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The expanding agriculture business and the increased use of organic farming practices are among the primary drivers of market expansion. Agricultural inoculants are increasingly being utilised in conjunction with organic manure to promote soil fertility and plant health, as concerns about agricultural sustainability, soil health, and environmental safety develop. The increasing consumer awareness regarding the adverse effects of chemically synthesised fertilisers and pesticides is also providing a boost to market growth. Artificial additions have been shown to cause microbial imbalances in the soil and lower levels of biocontrol agents. As a result, agricultural inoculants that provide natural protection to plants and soil are becoming increasingly popular. Other factors, such as numerous agricultural science advancements and the implementation of favourable government regulations, are expected to propel the industry even further.

Key Market Players

The major players in the market are Corteva, Inc., Novozymes A/S, Verdesian Life Sciences, LLC, Queensland Agricultural Seeds, XiteBio Technologies Inc., and TerraMax, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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