Agricultural Inoculants - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Agricultural Inoculants Market is accounted for $5.18 billion in 2020 and is expected to reach $7.94 billion by 2028 growing at a CAGR of 5.5% during the forecast period. Factors such as increasing demand for food, governmental support for advancing organic farming schemes, and growing health consciousness and concerns about environmental safety are driving the market growth. However, short shelf life of the product is hampering the growth of the market.
Agricultural inoculants mainly contain beneficial microbes which promotes plant growth by stimulating plant hormone production. These inoculants induce beneficial factors that help in delivering nutrients and suppressing diseases, thus enhancing the plant growth.
Based on the microorganism, the bacteria segment is anticipated to expand at a rapid pace during the forecast period as bacteria-based inoculants help to check pests and improve soil and crop superiority. By geography, North America is going to have high growth during the forecast period due to the faster adoption of new technologies to increase crop productivity while reducing the negative impact on the environment.
Some of the key players profiled in the Agricultural Inoculants Market include Bayer CropScience Limited, BASF SE, Dupont De Nemours and Company, Novozymes, Advanced Biological Marketing Inc, Italpollina S.P.A., BrettYoung, Queensland Agricultural Seeds Pvt Ltd, Verdesian Life Sciences LLC, Corteva Inc, Rizobacter Argentina S.A. , Soil Technologies Corporation, Precision Laboratories, and Xitebio Technologies Inc.
Modes of Application Covered:
• Soil Inoculation
• Seed Inoculation
• Biocontrol Agents
• Plant Growth Promoting Microorganisms
• Plant Resistant Stimulant
• Crop Protection
• Crop Nutrition
Crop Types Covered:
• Food Crops
• Commercial Crops/Cash Crops
• Plantation Crops
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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