Agricultural Inoculants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Agricultural Inoculants Application Market is Segmented by Function (Crop Nutrition and Crop Protection), Microorganism (Bacteria, Fungi, and Other Microorganisms), Mode of Application (Seed Inoculation and Soil Inoculation), Crop Type (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Other Crop Types), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecast by value (USD million) for the above segments.

Agricultural Inoculants Market Size

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Agricultural Inoculants Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 10.50 %
Fastest Growing Market South America
Largest Market North America
Market Concentration Low

Major Players

Agricultural Inoculants Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Agricultural Inoculants Market Analysis

The agricultural inoculants market size is estimated at USD 9.19 billion in 2023 and is expected to reach USD 15.17 billion by 2028, growing at a CAGR of 10.5% during the forecast period.

  • Current agricultural practices depend heavily on chemical inputs, such as fertilizers, pesticides, and herbicides, which cause a deleterious effect on the nutritional value of farm products and the health of farm workers and consumers. Excessive and indiscriminate use of these chemicals has resulted in food contamination, weed and disease resistance, and adverse environmental outcomes, significantly impacting human health. Applying these chemical inputs promotes the accumulation of toxic compounds in soils.
  • Several synthetic fertilizers contain acid radicals, such as hydrochloride and sulfuric radicals, increasing soil acidity and adversely affecting soil and plant health. Highly recalcitrant compounds can also be absorbed by some plants. Continuous consumption of such crops can lead to systematic disorders in humans.
  • Therefore, the increasing awareness of health challenges due to the consumption of poor-quality crops has led to a quest for new and improved technologies to improve the quantity and quality of produce without jeopardizing human health.
  • A reliable alternative to chemical inputs is microbial inoculants that can act as biofertilizers, bioherbicides, biopesticides, and biocontrol agents. They are beneficiary microorganisms applied to the soil or the plant to improve productivity and crop health. They are also widely used to control pests and improve the quality of the ground and crops.
  • Moreover, government initiatives to promote the adoption of organic farming are anticipated to fuel the market growth during the study period. For instance, under the Green Deal's Farm to Fork strategy, the European Commission set a target of at least 25% of the EU's agricultural land under organic farming and a significant increase in organic aquaculture by 2030.

Agricultural Inoculants Market Trends

Adoption of Organic and Eco-friendly Farming Practices

  • Agricultural practices are witnessing a trend shift from conventional to organic farming. This shift can be attributed to growing awareness about the adverse impact of traditional farming methods on human health and environmental safety. 
  • According to the Research Institute of Organic Agriculture (German: Forschungsinstitut für biologischen Landbau (FiBL)), the area under organic cultivation increased from 70.9 million ha in 2018 to 76.4 million ha in 2021, with 187 countries practicing organic agriculture. This increases the demand for organic solutions such as inoculants and investments in localized research by private and public sectors.
  • Microbial inoculants offer a natural and sustainable alternative to synthetic inputs, as they can improve soil health, increase nutrient availability, and protect against diseases. Additionally, microbial inoculants help reduce the environmental impact of synthetic inputs and promote more sustainable farming practices. 
  • As a result, the demand for microbial inoculants is increasing among farmers looking for ways to reduce their environmental footprint and produce healthier, more sustainable crops. Moreover, rising acreage and growing consumer demand for organic products will positively influence the agricultural inoculants market during the forecast period.
Agricultural Inoculants Market - Acreage in Million Hectare, Organic Agriculture, Global, 2020-2021

North America is the Largest Market

  • North America is the largest market for agricultural inoculants, with the United States holding the majority of the share. The United States, with its highly evolved agricultural sector, has been adopting the natural and organic way of farming lately. The increasing cost of chemical inputs, their adverse effect on soil mass and the environment, and increasing awareness regarding balanced plant nutrition are the major factors driving the market in the country.
  • Moreover, certain companies and research institutions emphasize introducing new products to gain a competitive advantage. For instance, developed by the Winnipeg bioresearch company XiteBio Technologies, XiteBio OptiPlus is a revolutionary proprietary liquid inoculant for soybeans powered by market-proven AGPT (Advanced Growth Promoting Technology). 
  • It combines the nitrogen-fixing bacteria Bradyrhizobium japonicum with patented phosphate-solubilizing plant growth-promoting rhizobacteria (PGPR), registered in Canada in February 2021, designed explicitly for soybeans. Such developments are anticipated to create demand for agricultural inoculants in the region and influence the global market during the study period.
Agricultural Inoculants Market - Market Size in %, by Region, 2022

Agricultural Inoculants Industry Overview

The agricultural inoculants market is fragmented, with international players occupying a major market share. The major players focus on R&D activities, extensive product portfolios, geographical expansions, acquisitions, and aggressive promotional strategies to uphold their position in the market. Some of the leading players are Novozymes, Lesaffre, BioceresCrop Solutions, Premier Tech, and BASF SE.

Agricultural Inoculants Market Leaders

  1. Novozymes

  2. BASF SE

  3. Premier Tech

  4. Bioceres Crop Solutions

  5. Lesaffre

*Disclaimer: Major Players sorted in no particular order

Agricultural Inoculants Market Concentration
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Agricultural Inoculants Market News

  • January 2023: VerdesianLife Science launched Accolade, a new biological growth enhancement liquid for crops containing Azospirillum Brasilense, a fixing bacterium that can increase root development and secondary lateral root systems, leading to increased nutrient uptake and higher yields.
  • September 2022: Syngenta Seedcare and Bioceres Crop Solutions collaborated to bring innovative biological seed treatments, including inoculants, to the market. Through this partnership, Syngenta SeedCare became the exclusive global commercialization distributor of Bioceres' biological solutions, except in Argentina.
  • September 2021: In the United States, Novozymes launched five biological solutions, including three biological inoculants, namely BioniQ, TagTeam BioniQPro, and TagTeam BioniQChickpea.

Agricultural Inoculants Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Adoption of Organic and Eco-friendly Farming Practices

      2. 4.2.2 Declining Area of Arable Land and Rising Food Security Concerns

    3. 4.3 Market Restraints

      1. 4.3.1 High Demand for Conventional and Synthetic Products

      2. 4.3.2 Lack of Awareness and Other Factors Limiting the Adoption of Agricultural Inoculants

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Function

      1. 5.1.1 Crop Nutrition

      2. 5.1.2 Crop Protection

    2. 5.2 Microorganism

      1. 5.2.1 Bacteria

        1. 5.2.1.1 Rhizobacteria

        2. 5.2.1.2 Azotobacter

        3. 5.2.1.3 Phosphobacteria

        4. 5.2.1.4 Other Bacteria

      2. 5.2.2 Fungi

        1. 5.2.2.1 Trichoderma

        2. 5.2.2.2 Mycorrhiza

        3. 5.2.2.3 Other Fungi

      3. 5.2.3 Other Microorganisms

    3. 5.3 Mode of Application

      1. 5.3.1 Seed Inoculation

      2. 5.3.2 Soil Inoculation

    4. 5.4 Crop Type

      1. 5.4.1 Grains and Cereals

      2. 5.4.2 Pulses and Oilseeds

      3. 5.4.3 Commercial Crops

      4. 5.4.4 Fruits and Vegetables

      5. 5.4.5 Other Applications

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

        4. 5.5.1.4 Rest of North America

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 France

        4. 5.5.2.4 Spain

        5. 5.5.2.5 Russia

        6. 5.5.2.6 Italy

        7. 5.5.2.7 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 Rest of Asia-Pacific

      4. 5.5.4 South America

        1. 5.5.4.1 Brazil

        2. 5.5.4.2 Argentina

        3. 5.5.4.3 Rest of South America

      5. 5.5.5 Africa

        1. 5.5.5.1 South Africa

        2. 5.5.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 BASF SE

      2. 6.3.2 Premier Tech

      3. 6.3.3 Lallemond Inc.

      4. 6.3.4 Novozymes

      5. 6.3.5 Mapleton Agri Biotec Pty Ltd

      6. 6.3.6 New Edge Microbials Pty Ltd

      7. 6.3.7 T.Stanes & Company Limited

      8. 6.3.8 AEA Investors (Verdesian Life Sciences LLC)

      9. 6.3.9 Lesaffre

      10. 6.3.10 Bioceres Crop Solutions

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Agricultural Inoculants Industry Segmentation

Microbial inoculants are microorganisms applied to the soil or the plant to improve productivity and crop health. 

The agricultural inoculants market is segmented by function (crop nutrition and crop protection), microorganism (bacteria, fungi, and other microorganisms), mode of application (seed inoculation and soil inoculation), crop type (grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and other crop types), and geography (North America, Europe, Asia-Pacific, South America, and Africa). 

The market sizing has been done in value terms in USD for all the abovementioned segments.

Function
Crop Nutrition
Crop Protection
Microorganism
Bacteria
Rhizobacteria
Azotobacter
Phosphobacteria
Other Bacteria
Fungi
Trichoderma
Mycorrhiza
Other Fungi
Other Microorganisms
Mode of Application
Seed Inoculation
Soil Inoculation
Crop Type
Grains and Cereals
Pulses and Oilseeds
Commercial Crops
Fruits and Vegetables
Other Applications
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Spain
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa
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Agricultural Inoculants Market Research FAQs

The Global Agricultural Inoculants Market is projected to register a CAGR of 10.5% during the forecast period (2024-2029)

Novozymes, BASF SE, Premier Tech, Bioceres Crop Solutions and Lesaffre are the major companies operating in the Global Agricultural Inoculants Market.

South America is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Global Agricultural Inoculants Market.

The report covers the Global Agricultural Inoculants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Agricultural Inoculants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Microbial Inoculants in Agriculture Industry Report

Statistics for the 2024 Agricultural Inoculants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Agricultural Inoculants analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Agricultural Inoculants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)