Agricultural Inoculants Market
PUBLISHED: 2023 ID: SMRC22449
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Agricultural Inoculants Market

Agricultural Inoculants Market Forecasts to 2028 - Global Analysis By Type (Bio-Control Agents, Plant Growth Promoting Microorganisms, Plant-Resistant Stimulants and Other Types), Microbes (Fungi, Bacteria and Other Microbes), Form (Liquid, Solid, Granular and Other Forms), Crop Type (Fruits & Vegetables, Cereals & Grains and Other Crop Types), Function (Crop Protection and Crop Nutrition), Application and Geography

4.1 (34 reviews)
4.1 (34 reviews)
Published: 2023 ID: SMRC22449

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $468.11 MN

Projected Year Value (2028)

US $806.92 MN

CAGR (2022 - 2028)

9.5%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific

According to Stratistics MRC, the Global Agricultural Inoculants Market is accounted for $468.11 million in 2022 and is expected to reach $806.92 million by 2028 growing at a CAGR of 9.5% during the forecast period. A soil inoculants, also known as an agricultural inoculants, is a mixture of different microorganisms, including bacteria, fungus, protozoa, viruses, and algae, that are used to encourage plant growth. To increase plant nutrition, crop productivity, and guard against soil-borne illnesses, it is either sprayed on the seed or mixed into the soil.

According to the Research Institute of Organic Agriculture (FiBL), the area under organic cultivation increased from 57.8 million ha in 2016 to 72.3 million ha in 2019, with 187 countries practicing organic agriculture.



Market Dynamics:

Driver:

Rise in the adoption of organic and environmentally friendly farming practices

Organic farming is a practice that forgoes the use of artificial fertilizers and pesticides. It entails ceasing to utilize artificial inputs including irradiation, artificial fertilizers, artificial insecticides, genetically modified seeds, preservatives, and additives. Farmers all around the world are presented with opportunities as consumer demand for products made organically continues to increase considerably. Globally, there has been a substantial shift in people's eating habits and preferences. The use of microorganisms that improve soil nutrient availability, minimize inputs of chemical fertilizers, and support sustainable agriculture has expanded dramatically in recent years as a result of the development in organic agricultural practices.

Restraint:

Limited awareness regarding agricultural inoculants

Most farmers are either unaware of or only vaguely familiar with agricultural inoculants and how they can improve cost-yield sustainability. In most areas, farmers believe that agricultural inoculants have a more gradual impact than chemical fertilisers. More than half of the population of the country relies heavily on agriculture as a source of income, and farmers are reluctant to incur production capacity risks. As a result, farmers have not generally accepted agricultural inoculants. The primary issues farmers encounter while using agricultural inoculants include awareness of the inoculants, a lack of availability, and sluggish results. As a result, a significant barrier to the market's expansion is farmers' ignorance of agricultural inoculants.

Opportunity:

Surging trend of consumption of organic food

Organic food is either created using raw ingredients generated organically or grown using a natural agricultural technique. The increased demand for organic products is a result of the advantages they have for one's health. The largest markets for organic food are developed areas like North America and Europe. The domination of both regions can be ascribed to the increased popularity of organic food and beverages in supermarkets, as well as the growing knowledge of their advantages. Additionally, organic foods are becoming more and more popular because of their lack of GMOs, high vitamin content, lack of antibiotics and growth hormones, low pesticide use, and improved environmental stability. As a result, with greater public awareness, customers will soon replace all conventional food items in their homes with organic food.

Threat:

Silage losses due to fungi and mycotoxin

The preparation of silage can lengthen the forage's storage and shelf life, but silage itself is still very prone to contamination when the forage's nutritional content is being preserved and improved. The silage becomes extremely sensitive to moulds and mycotoxins when it is stored for a long time. The materials used to make silage offer a very friendly environment for the growth of fungi, which then causes extreme silage losses. Mold growth and the generation of mycotoxin can be easily triggered by elements including excessive wetness, extreme dryness, heat, incorrect material compression, condensation, or insect infestation. Therefore, if silage is not properly maintained, contamination could result in significant silage losses.

Covid-19 Impact

The COVID-19 global pandemic, which has led to a rapid rise in cases, has also had a significant impact on the global agricultural inoculant market. The virus has had an adverse effect on the availability of raw resources, the supply chain, and the imbalance between supply and demand. International and national borders have been temporarily closed because of the COVID-19 outbreak all over the world. The border closure is anticipated to affect the whole supply chain. The supply chain is expected to be negatively impacted by stringent regulations, which will make it more difficult to produce, distribute, and sell agricultural inoculants.

The cereal & grains segment is expected to be the largest during the forecast period

The cereal & grains segment is estimated to have a lucrative growth, due to increased production of grains and cereals, as well as rising demand for grains like wheat, barley, corn, and rice around the world, are all contributing contributors to high income growth. While Brazil is a significant corn producer, one of the biggest producers of wheat is the United States. These grains are regarded as staple foods, and the market is expanding as a result of the population's rapid rise in food demand.

The soil treatment segment is expected to have the highest CAGR during the forecast period

The soil treatment segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the common usage of bio fertilizers and other inoculants in crops like corn, soybean, rice, and sugarcane. It is also common to use root dips and foliar sprays to apply liquid or powder-type inoculants. Foliar sprays are preferred when using the inoculant as a biocontrol, whereas root dipping is preferred while using the inoculant as a bio fertilizer on Plant-Growth Promoter.

Region with highest share:

North America is projected to hold the largest market share during the forecast period. In terms of both production and consumption, North America dominates the market for agricultural inoculants. The United States is embracing natural and organic farming due to its highly developed agriculture industry. The main causes influencing the nation's need for agricultural inoculants are the rising expense of chemical inputs, their detrimental effects on soil and the environment, and increased knowledge of the significance of equal plant nutrients.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period. One of the main factors influencing the use of agricultural inoculants in the Asia Pacific is the growing understanding of bio-based products and their agricultural implications. Researchers have adopted an ecologically intensive approach that utilises as many ecological and natural benefits as possible to improve soil health and decrease soil erosion. Examples of such measures include the application of inoculants (microbial enhancements) to the seed, the cultivation of crops that draw advantageous insect predators, and the use of experimental crop rotations.



Key players in the market

Some of the key players profiled in the Agricultural Inoculants Market include BASF SE, Lallemand Inc., Verdesian Life Sciences, Isagro S.p.a., Corteva, Rizobacter, Bayer AG, Advanced Biological Marketing Inc., KALO, Stoller Group, Premier Tech, Novozymes, Mapleton Agri Biotec Pty Ltd, New Edge Microbials Pty Ltd, T.Stanes & Company Limited and AEA Investors (Verdesian Life Sciences LLC).

Key Developments:

In August 2020, Stoller Argentina S.A., a subsidiary of Stoller Group, launched a package with three integrated solutions, an inoculant, a fungicide, and a biostimulant.

In August 2017, BASF SE expanded its manufacturing facilities in Saskatoon, Canada for the production of biological inoculants.

Types Covered:
• Bio-Control Agents
• Plant Growth Promoting Microorganisms
• Plant-Resistant Stimulants
• Other Types

Microbes Covered:
• Fungi
• Bacteria
• Other Microbes

Forms Covered:
• Liquid
• Solid
• Granular
• Other Forms

Crop Types Covered:
• Fruits & Vegetables
• Cereals & Grains
• Oilseeds & Pulses
• Forage
• Other Crop Types

Functions Covered:
• Crop Protection
• Crop Nutrition

Applications Covered:
• Soil Inoculation
• Seed Inoculation
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
 

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Agricultural Inoculants Market, By Type
5.1 Introduction
5.2 Bio-Control Agents
5.2 Plant Growth Promoting Microorganisms
5.2 Plant-Resistant Stimulants
5.2 Other Types

6 Global Agricultural Inoculants Market, By Microbes
6.1 Introduction
6.2 Fungi
6.2.1 Mycorrhiza
6.2.2 Trichoderma Spp.
6.3 Bacteria
6.3.1 Phosphate-solubilizing Bacteria
6.3.2 Rhizobacteria
6.3.3 Nitrogen-fixing Bacteria
6.3.4 Azotobacter
6.3.5 Lactobacillus
6.3.6 Enterococcus
6.3.7 Pediococcus
6.4 Other Microbes

7 Global Agricultural Inoculants Market, By Form
7.1 Introduction
7.2 Liquid
7.3 Solid
7.4 Granular
7.5 Other Forms

8 Global Agricultural Inoculants Market, By Crop Type
8.1 Introduction
8.2 Fruits & Vegetables
8.3 Cereals & Grains
8.4 Oilseeds & Pulses
8.5 Forage
8.6 Other Crop Types

9 Global Agricultural Inoculants Market, By Function
9.1 Introduction
9.2 Crop Protection
9.3 Crop Nutrition

10 Global Agricultural Inoculants Market, By Application
10.1 Introduction
10.2 Soil Inoculation
10.3 Seed Inoculation
10.4 Other Applications

11 Global Agricultural Inoculants Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 BASF SE
13.2 Lallemand Inc.
13.3 Verdesian Life Sciences
13.4 Isagro S.p.a.
13.5 Corteva
13.6 Rizobacter
13.7 Bayer AG
13.8 Advanced Biological Marketing Inc.
13.9 KALO
13.10 Stoller Group
13.11 Premier Tech
13.12 Novozymes
13.13 Mapleton Agri Biotec Pty Ltd
13.14 New Edge Microbials Pty Ltd
13.15 T.Stanes & Company Limited
13.16 AEA Investors (Verdesian Life Sciences LLC)

List of Tables
1 Global Agricultural Inoculants Market Outlook, By Region (2020-2028) ($MN)
2 Global Agricultural Inoculants Market Outlook, By Type (2020-2028) ($MN)
3 Global Agricultural Inoculants Market Outlook, By Bio-Control Agents (2020-2028) ($MN)
4 Global Agricultural Inoculants Market Outlook, By Plant Growth Promoting Microorganisms (2020-2028) ($MN)
5 Global Agricultural Inoculants Market Outlook, By Plant-Resistant Stimulants (2020-2028) ($MN)
6 Global Agricultural Inoculants Market Outlook, By Other Types (2020-2028) ($MN)
7 Global Agricultural Inoculants Market Outlook, By Microbes (2020-2028) ($MN)
8 Global Agricultural Inoculants Market Outlook, By Fungi (2020-2028) ($MN)
9 Global Agricultural Inoculants Market Outlook, By Mycorrhiza (2020-2028) ($MN)
10 Global Agricultural Inoculants Market Outlook, By Trichoderma Spp. (2020-2028) ($MN)
11 Global Agricultural Inoculants Market Outlook, By Bacteria (2020-2028) ($MN)
12 Global Agricultural Inoculants Market Outlook, By Phosphate-solubilizing Bacteria (2020-2028) ($MN)
13 Global Agricultural Inoculants Market Outlook, By Rhizobacteria (2020-2028) ($MN)
14 Global Agricultural Inoculants Market Outlook, By Nitrogen-fixing Bacteria (2020-2028) ($MN)
15 Global Agricultural Inoculants Market Outlook, By Azotobacter (2020-2028) ($MN)
16 Global Agricultural Inoculants Market Outlook, By Lactobacillus (2020-2028) ($MN)
17 Global Agricultural Inoculants Market Outlook, By Enterococcus (2020-2028) ($MN)
18 Global Agricultural Inoculants Market Outlook, By Pediococcus (2020-2028) ($MN)
19 Global Agricultural Inoculants Market Outlook, By Other Microbes (2020-2028) ($MN)
20 Global Agricultural Inoculants Market Outlook, By Form (2020-2028) ($MN)
21 Global Agricultural Inoculants Market Outlook, By Liquid (2020-2028) ($MN)
22 Global Agricultural Inoculants Market Outlook, By Solid (2020-2028) ($MN)
23 Global Agricultural Inoculants Market Outlook, By Granular (2020-2028) ($MN)
24 Global Agricultural Inoculants Market Outlook, By Other Forms (2020-2028) ($MN)
25 Global Agricultural Inoculants Market Outlook, By Crop Type (2020-2028) ($MN)
26 Global Agricultural Inoculants Market Outlook, By Fruits & Vegetables (2020-2028) ($MN)
27 Global Agricultural Inoculants Market Outlook, By Cereals & Grains (2020-2028) ($MN)
28 Global Agricultural Inoculants Market Outlook, By Oilseeds & Pulses (2020-2028) ($MN)
29 Global Agricultural Inoculants Market Outlook, By Forage (2020-2028) ($MN)
30 Global Agricultural Inoculants Market Outlook, By Other Crop Types (2020-2028) ($MN)
31 Global Agricultural Inoculants Market Outlook, By Function (2020-2028) ($MN)
32 Global Agricultural Inoculants Market Outlook, By Crop Protection (2020-2028) ($MN)
33 Global Agricultural Inoculants Market Outlook, By Crop Nutrition (2020-2028) ($MN)
34 Global Agricultural Inoculants Market Outlook, By Application (2020-2028) ($MN)
35 Global Agricultural Inoculants Market Outlook, By Soil Inoculation (2020-2028) ($MN)
36 Global Agricultural Inoculants Market Outlook, By Seed Inoculation (2020-2028) ($MN)
37 Global Agricultural Inoculants Market Outlook, By Other Applications (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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