According to the latest report by IMARC Group, titled “Agricultural Inoculants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on agricultural inoculants industry size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global agricultural inoculants market size reached US$ 459.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 705.3 Million by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.

What are agricultural inoculants?

An agricultural inoculant, also called soil inoculant, represents a formulation of several microbial organisms, such as fungi, bacteria, protozoa, virus, algae, etc., that are used to promote plant growth. It is usually either applied on the seed or added into the soil to enhance plant nutrition, as well as crop yield and prevent soil-borne diseases. In line with this, an agriculture inoculant is extensively utilized to promote growth in plants by stimulating the production of plant hormones and enhancing mineral uptake. It is environment-friendly and can be widely used as a potential alternative to chemical fertilizers and pesticides for oilseeds, fruits, cereals, grains, vegetables, silage, forage crops, etc.

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What are the growth prospects and trends in the agricultural inoculants industry?

The widespread adoption of organic farming practices is primarily driving the agriculture inoculants market. Additionally, the rising consumer awareness towards the adverse effects of chemically synthesized fertilizers and pesticides that are known to cause soil pollution, microbial imbalance, reduce the levels of biocontrol agents in the soil, etc., is further catalyzing the market growth. Besides this, the escalating demand for agricultural inoculants that offer natural protection to the plants and soil is acting as another significant growth-inducing factor. Moreover, the limited availability of cultivable land, continuous innovations in the field of agricultural sciences, and the launch of various favorable policies by government bodies are positively influencing the global market. Apart from this, the expanding agriculture industry and the growing utilization of these inoculants that provide sustainability, soil health, environmental safety, etc., are also bolstering the market growth. Furthermore, extensive investments in R&D activities are anticipated to fuel the agriculture inoculants market over the forecasted period.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• 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.

Breakup by Type:

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

Breakup by Microbes:

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

Breakup by Mode of Application:

• Seed Inoculation
• Soil Inoculation
• Others

Breakup by Form:

• Solid
• Liquid
• Granular
• Others

Breakup by Crop Type:

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

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 (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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