Overview:

The global agriculture inoculants market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Agriculture inoculants are the microbial inoculants that promote plant health by using endophytic or rhizosphericic microbes. In agriculture, the process of applying the recommended types of bacteria to seeds or soil before planting is called inoculation. The agriculture inoculants are referred by various names such as bioinoculants or soil inoculants or microbial inoculants.

Market Dynamics:

The growing consumer demand shift towards organic products is bringing extensive opportunities to farmers around the world. Growing adoption of environment friendly and organic agricultural practices is expected to drive growth of the global agriculture inoculants market over the forecast period.

In addition, rising focus on yield improvement among farmers is expected to propel growth of the global market. The inoculants play an important role in yield improvement hence use of microbial inoculants is expected to increase over the forecast period.

Moreover, increase in food demand owing to population growth is likely to boost the target market growth further. However, most farmers have little or no knowledge of agricultural inoculants and their usefulness in improving the crop yield. This is a major factor expected to hamper growth of the global agriculture inoculants market to a certain extent.

Key Trends:

Market players are engaged in research & development and new product launching activities to enhance their market presence. This is a key trend witnessed in the global agriculture inoculants market. For example, BASF introduced New Nodulaid – an agricultural inoculant exclusively designed for farmers in Australia in January 2019.

Regional Analysis:

For detailed understanding of market dynamics, the global agriculture inoculants market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is accounted for the major revenue share in 2019, owing to high preference for advanced agricultural practices among farmers in the region. In addition, wide presence of key market players in countries such as the U.S. and Canada is supporting target market growth in the region.

The market in South America is expected to register significant CAGR during the forecast period due to growing adoption of microbial inoculants to increase the soyabean production in countries in the region.

Scope of the Report:

Detailed Segmentation:

Global Agriculture Inoculants Market, By Type:

• Plant Growth Promoters
• Plant Resistant Stimulant
• Biocontrol Agents

Global Agriculture Inoculants Market, By Microbe:

• Bacterial
• Fungal
• Other Microbes (Viral, Algal, and Protozoan)

Global Agriculture Inoculants Market, By Mode of Application:

• Seed Inoculant
• Soil Inoculant

Global Agriculture Inoculants Market, By Crop Type:

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Other Crops

Key Players Covered:

Key players operating in the global agriculture inoculants market includes Bayer AG, Corteva, Inc., Verdesian Life Sciences, LLC, Novozymes A/S, Advanced Biological Marketing Inc., Precision Laboratories, LLC, XiteBio Technologies Inc., BASF SE, Brett-Young Seeds Limited, and Cargill, Inc.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Agriculture Inoculants Market by type, microbe, mode of application, crop type, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global agriculture inoculants market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.