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The Agricultural Inoculants Market is segmented by Function (Crop Nutrition and Crop Protection), by Microorganism (Bacteria, Fungi, and Other Microorganisms), by Mode of Application (Seed Inoculation and Soil Inoculation), by Crop Type (Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, and Other Crop Types), and By Geography (North America, Europe, Asia-Pacific, South America, and Africa.)
2016 - 2026
Fastest Growing Market:
The Global Agricultural Inoculants Market is projected to register a CAGR of 9.0%, during the forecast period, 2020-2025. There is a rise in the demand and popularity of sustainable agriculture through organic farming. Organic farming is expected to help maintain soil health, nutrients cycle, productivity, and the balance of natural bio-control agents. Agricultural inoculants contain living microorganisms and their strains, which are mixed with the soil or plant surfaces to provide natural protection and nutrient solubilizing, in turn, enhancing the plants’ growth.
North America dominates the market and Europe is the second-largest market for agricultural inoculants, in terms of production and consumption. However, currently, the developing countries of Latin America, Asia-Pacific, and Africa are the fastest-growing markets for agricultural inoculants.
It has been found that COVID-19 has an impact on the whole process from the inoculants production to the consumer. COVID-19 resulted in the movement restrictions of workers, decline in demand from farmers, and closure of production facilities. All these factors hampered the agricultural inoculants market amid pandemic spread.
Agricultural inoculants, also known beneficial microorganisms, can be used in agriculture as amendments for soil and plants. Various types of microorganisms are used in agriculture, as plant growth promoters, nutrient providers, and plant-protecting natural elements. Agricultural inoculants are applied to improve plant nutrition, and can also be used to promote plant growth by stimulating plant hormone production. The Global Agricultural Inoculants Market is segmented by Function, Microorganism, Mode of Application, Crop Type and Geography.
|Mode of Application|
|Grains & Cereals|
|Pulses & Oilseeds|
|Fruits & Vegetables|
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Currently, agricultural practices are witnessing a shift in trend, from conventional to organic farming. This shift can be attributed to several reasons, such as growing health consciousness and concerns about environmental safety, soil health, and agricultural sustainability. Organic compost and manure and agricultural inoculants are used in organic farming. The global area under organic farming accounted for 58.09 million hectares in 2016 that has increased to 71. 38 million hectares in 2018. This rising acreage coupled with consumers demand for clean products is to influence market growth.
In modern agriculture, the use of fertilizers and pesticides is found to be very high, and this is causing critical problems, such as soil pollution, microbial imbalance, reduction in soil fertility and productivity, and loss of natural biocontrol agents and beneficial organism. Additionally, the emerging resistance in insects is driving interest in these alternatives. Therefore, agricultural inoculants play an important role in ensuring plant health, soil fertility, and agricultural sustainability.
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North America accounted for the largest share in the production and consumption of agricultural inoculants. North America is developing new agricultural technologies and successfully applying those in domestic farming systems. Most agricultural inoculants are used in oilseeds crops and maize. Hence, the demand for agricultural inoculants is expected to rise in the future due to the faster adoption of new technologies to increase crop productivity while minimizing the negative impact on the environment.
Considering the market potential of the agricultural inoculants in the region, companies are investing to gain a stronger foothold in the market and to cater to the soaring demand. For instance, in 2017, BASF expanded its manufacturing facilities in Saskatoon for biological inoculants production. The company has invested approximately CAD 10 million ($8 million) in the expansion project.
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The agricultural inoculant market is fragmented. Few international players having a diverse and expanding product portfolio occupy a higher market share which can be attributed to their highly diversified product portfolios and the large number of acquisitions and agreements that they are engaged in. The major players are also focusing on R&D activities, expansion of product portfolios, increasing their geographical presence, and aggressive acquisition strategies. For instance, Bayer launched the biological soybean inoculant, CTS 500, in Brazil in 2019.
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Crop Nutrition
5.1.2 Crop Protection
22.214.171.124 Other Bacteria
126.96.36.199 Other Fungi
5.2.3 Other Microorganisms
5.3 Mode of Application
5.3.1 Seed Inoculation
5.3.2 Soil Inoculation
5.4 Crop Type
5.4.1 Grains & Cereals
5.4.2 Pulses & Oilseeds
5.4.3 Commercial Crops
5.4.4 Fruits & Vegetables
5.4.5 Other Applications
5.5.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 Rest of Asia-Pacific
5.5.4 South America
126.96.36.199 Rest of South America
188.8.131.52 South Africa
184.108.40.206 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Advanced Biological Marketing Inc.
6.3.2 BASF SE
6.3.3 Bayer CropScience Limited
6.3.4 Dupont De Nemours and Company
6.3.6 Precision Laboratories
6.3.7 Queensland Agricultural Seeds Pvt Ltd
6.3.8 Advanced Biological Marketing Inc
6.3.10 Verdesian Life Sciences LLC
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET