Global Inoculants Market Size, Share, and COVID-19 Impact Analysis, By Type (Agricultural Inoculants and Silage Inoculants), By Microbe (Bacterial and Fungal), By Form (Liquid and Dry), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032Industry: Agriculture
Global Inoculants Market Insights Forecasts to 2032
- The Global Inoculants Market Size was valued at USD 1.1 Billion in 2022.
- The Market is Growing at a CAGR of 8.5% from 2022 to 2032
- The Worldwide Inoculants Market Size is expected to reach USD 2.5 Billion by 2032
- Asia Pacific is expected to Grow the fastest during the forecast period
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The Global Inoculants Market is projected to exceed USD 2.5 Billion by 2032, growing at a CAGR of 8.5% from 2022 to 2032. The worldwide need for inoculants is increasing considerably as farmers become more aware of the many advantages that inoculants provide in terms of increasing farm profitability. Inoculants have grown in popularity due to their ability to improve soil quality and crop growth. The inoculants market is expected to expand rapidly as a result of factors such as increased demand for organic food products. The growing global awareness of sustainable agriculture, which requires a gradual reduction in farming costs while meeting environmental safety standards, has resulted in an increase in the use of agricultural inoculants.
The global inoculants market refers to a sector that produces products that contain beneficial microorganisms that are used to improve soil health and promote plant growth. Inoculants are commonly used in agriculture, horticulture, and silage production to improve the yield and quality of crops. The market for inoculants is driven by factors such as the increasing demand for sustainable agriculture practices, the need for higher crop yield, and the growing trend of organic farming. Inoculants are also being increasingly adopted due to their ability to reduce fertilizer use, increase nutrient availability, and promote soil health. The global inoculants market is expected to continue its growth trajectory in the coming years, driven by factors such as the increasing demand for sustainable agriculture practices and the need for higher crop yield. The market is also expected to benefit from the growing trend of organic farming, which emphasizes the use of natural products such as inoculants to improve soil health and promote plant growth. The market is also influenced by government initiatives promoting the use of microbial products in agriculture and the increasing adoption of organic farming practices.
The market is dominated by several major players, including BASF SE, Bayer AG, Novozymes A/S, DuPont de Nemours, Inc., and Verdesian Life Sciences, LLC. These players focus on expanding their market presence through mergers and acquisitions, partnerships, and new product launches.
This research report categorizes the market for the global inoculants market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the inoculants market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the inoculants market.
Global Inoculants Market Report Coverage
|Market Size in 2022:||USD 1.1 Bn|
|Forecast Period:||2022 – 2032|
|Forecast Period 2022 – 2032 CAGR:||8.5%|
|022 – 2032 Value Projection:||USD 2.5 Bn|
|Historical Data for:||2018-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||110|
|Segments covered:||By Type, By Microbe, By Form, and By Region.|
|Companies Covered:||BASF SE, DSM, Corteva Agriscience, Strong Microbials, NeuGen Biologicals Pvt Ltd, Cargill Incorporated, Provita Supplements GmbH, Verdesian Life Sciences, Microbial Biological Fertilizers International, Novozymes A/S, Bayer AG, Terramax, Inc., Kemin Industries, Inc, Agri Life, Agrauxine, Others|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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The global inoculants market is primarily driven by the increasing demand for agricultural produce, coupled with the need for sustainable agriculture practices. Inoculants are a type of microbial biofertilizer that help to enhance soil fertility by fixing atmospheric nitrogen, solubilizing phosphorus, and producing growth-promoting substances. The use of inoculants in agriculture helps to reduce the dependence on synthetic fertilizers, which can have negative impacts on the environment and human health. Another major driver of the global inoculants market is the growing trend of organic farming. Organic farming emphasizes the use of natural inputs and sustainable practices to maintain the health of the soil, crops, and livestock. Inoculants are a key component of organic farming, as they provide an effective and environmentally-friendly means of improving soil health and promoting plant growth.
Furthermore, the growing demand for food due to the increasing global population is expected to fuel the growth of the global inoculants market. Inoculants help to improve crop yields, which can help to meet the growing demand for food. Additionally, the use of inoculants can help to reduce the pressure on arable land, as it enables farmers to produce more crops per unit of land. The global inoculants market is being driven by a combination of factors, including the increasing demand for agricultural produce, the trend of organic farming, the growing awareness among farmers about the benefits of inoculants, and the increasing global population. These factors are expected to continue driving the growth of the global inoculants market in the coming years.
The primary restraint of the global inoculants market is the lack of awareness among farmers about the benefits of using inoculants. Many farmers are still not aware of the advantages of using microbial biofertilizers, and therefore, they continue to rely on synthetic fertilizers. This lack of awareness can slow down the growth of the inoculants market. Another significant restraint of the global inoculants market is the high cost of inoculants. Inoculants require a significant amount of research and development to produce, which increases their production costs. This results in higher prices for farmers, making them less affordable for small-scale farmers, who form a significant portion of the agricultural sector in developing countries.
The availability of alternative products such as chemical fertilizers and pesticides is another significant restraint on the global inoculants market. Chemical fertilizers and pesticides are widely used and widely available in agriculture. These products may be less expensive and more readily available than inoculants, making them a more appealing option for some farmers. These factors can slow down the growth and expansion of the global inoculants market.
The Global Inoculants Market share is classified into type, microbe, and form.
- The agricultural inoculants segment is expected to hold the largest share of the global inoculants market during the forecast period.
Based on the type, the global inoculants market is segmented into agricultural inoculants and silage inoculants. Among these, the agricultural inoculants segment is expected to hold the largest share of the global inoculants market during the forecast period. The growth can be attributed due to the increasing demand for sustainable agriculture practices and organic farming. The growing demand for agricultural produce, coupled with the need for sustainable agriculture practices, is driving the growth of the agricultural inoculants market. Agricultural inoculants are used to improve soil fertility and plant growth. They are applied directly to the soil or seed to introduce beneficial microorganisms, such as nitrogen-fixing bacteria, phosphate-solubilizing bacteria, and plant growth-promoting bacteria. Agricultural inoculants help to enhance crop productivity, improve crop quality, and reduce the need for synthetic fertilizers. The trend of organic farming is also contributing to the growth of this segment, as organic farmers prefer to use natural inputs such as microbial biofertilizers to maintain the health of the soil and crops.
- The bacterial inoculants segment is expected to hold the largest share of the global inoculants market over the study period.
Based on the microbe, the global inoculants market is segmented into bacterial and fungal. Among these, the bacterial inoculants segment is expected to hold the largest share of the global inoculants market over the study period. The reason for the increase is due to the numerous benefits provided by bacterial inoculants, which include increased nutrient availability, improved soil structure, and improved plant growth and health. Another reason for the growth is the wide range of benefits offered, as well as the ease of production and distribution. Bacterial inoculants contain beneficial bacteria, such as nitrogen-fixing bacteria, phosphate-solubilizing bacteria, and plant growth-promoting bacteria, which are applied directly to the soil or seed to improve soil fertility and plant growth.
- The liquid segment is anticipated to hold the largest share of the global inoculants market over the predicted timeframe.
Liquid and dry inoculants are two major segments of the global inoculants market, differentiated by their physical form. Among these, the liquid segment is anticipated to hold the largest share of the global inoculants market over the predicted timeframe. The ease of use and ability to cover a large area quickly and efficiently are contributing factors to the growth. Liquid inoculants are easily integrated into existing crop management practises and can be applied with standard farm equipment such as sprayers or injectors. Liquid inoculants are suspensions of live microorganisms in a liquid carrier, such as water or a nutrient solution. They are typically applied to seed or soil through spraying or soaking, and can also be used for in-furrow applications.
Regional Segment Analysis of the Global Inoculants Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America is estimated to hold the largest share of the global inoculants market during the predicted timeframe.
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As of 2022, North America held the largest market share in the global inoculants market. This is due to the high adoption rate of inoculants in the United States and Canada, driven by the increasing demand for sustainable agriculture practices and the growing awareness of the benefits of inoculants. Farmers are adopting new technologies to increase soil productivity and crop yield due to shrinking agricultural growth and public settlements. The United States is the largest market for inoculants in North America, with a significant share of the market contributed by corn and soybean crops.
The Asia-Pacific region is expected to grow as the fastest-growing market for inoculants, with significant growth potential in the coming years. The region comprises several countries, including China, India, Japan, Australia, and others. The increasing demand for food products in the Asia-Pacific region is one of the major drivers of the growth of the inoculants market. As the population in the region continues to grow, the demand for food products is increasing, driving the need for higher crop yields. Inoculants play a crucial role in improving crop yields and reducing the dependence on synthetic fertilizers, making them an attractive option for farmers in the region. Inoculants market in the coming years, driven by the increasing demand for food products, the need to improve soil health, and government initiatives promoting sustainable agriculture practices.
The report offers the appropriate analysis of the key organizations/companies involved within the global inoculants along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- BASF SE
- Corteva Agriscience
- Strong Microbials
- NeuGen Biologicals Pvt Ltd
- Cargill Incorporated
- Provita Supplements GmbH
- Verdesian Life Sciences
- Microbial Biological Fertilizers International
- Novozymes A/S
- Bayer AG
- Terramax, Inc.
- Kemin Industries, Inc
- Agri Life
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In November 2022, Corteva Agriscience has announced the acquisition of The Stoller Group, Inc., one of the industry's largest independent biologicals companies. This acquisition would provide Corteva with immediate scale and profitability, with EBITDA margins that would be accretive to the company.
- In March 2022, BASF SE and AMVAC Chemical Corp have announced a collaboration to develop a Rhizo-Flo soybean inoculant solution for SIMPAS-applied solutions.
- In September 2022, Syngenta Seedcare and Bioceres Crop Solutions worked together to bring to market novel biological seed treatments, including inoculants. Syngenta SeedCare became the exclusive global commercialization distributor of Bioceres' biological solutions, with the exception of Argentina, as a result of this collaboration.
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Inoculants Market based on the below-mentioned segments:
Global Inoculants Market, By Type
- Agricultural Inoculants
- Silage Inoculants
Global Inoculants Market, By Microbe
Global Inoculants Market, By Form
Global Inoculants Market, By Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa.
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