Agricultural Inoculants Market Size & Growth Analysis (2023 - 2030)

The Global Agricultural Inoculants Market was at USD 3,799 million in 2022, and it is foreseen to reach USD 5,836 million by 2030 with an expansion rate (CAGR) of 7.40% between 2022 and 2030.

Farming technique are developed every year with farmers vast experience of working with various plantation of crops. In the beginning of mid twentieth century, green revolution also known as third revolution took place worldwide. In this revolution, crops like wheat and rice were grown with a specific set of agriculture researched technology, resulting in obtaining high yields from farming crops. One such agricultural method or specific set of researched method is that of Agricultural Inoculants.  For many years inoculants, comprising of beneficial micro-organisms, in agricultural sector act as fertilizers and pesticides for various type of crop farming.

The Agricultural Inoculants market is expected to rise further in coming times. The increase in demand for better growth of crops in farming is generating opportunity, for rise in volume of sales related to agricultural inoculants.

Market Drivers & Restraints

Drivers

The agriculture sector is directly dependent on demand of food consumption, by consumers worldwide. Consumers now days are more health conscious. Organic Food farming provides more nutrients for human body. Agricultural Inoculants acts as a medium of providing such large nutrients from farm soil to crops. The increase in demand of fertilizer and pesticide for improved growth and increased yield from farming several varieties of crops is also creating more increased supply for Agricultural Inoculants.  

Restraints

Farmers in countries like India and Brazil are not highly educated. The technicalities associated with use of Bacterial and Fungal inoculants are hindering the purchase of agriculture Inoculants. Local government are hiring professional to educate and make farmer more aware with technicalities related to agriculture inoculants. Farmer’s suicide is becoming more common in developing countries. Farmers hesitate to continue farming because farming is a slow seasonal process. Certain crops can be farmed according to climatic conditions.

AGRICULTURAL INOCULANTS MARKET REPORT COVERAGE

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Market Segmentation Analysis

This global report on agricultural inoculants market is segmented and sub-segmented into the following categories:

Agricultural Inoculants Market - By Function

• Crop Nutrition
• Crop Protection

Inoculants provides certain needs for crops to grow richly. The needs which are generally required are that of enhanced nutrition to crops and to provide protection to crops from insects and germs infestation harming crops growth.

Agricultural Inoculants Market - By Formulation

• Solid
• Liquid
• Granular
• Others

Liquid Inoculants are anticipated to flourish further in coming times, as it directly soaks into crop seeds providing richness to Agriculture soil.

Agricultural Inoculants Market - By Crop Type

• Cash Crops
• Plantation Crops
• Food Crops
• Fruits And Vegetables
• Others

Cash crops are crops that are grown and sold in market, which provides its farmer with returned profits. Examples of cash crops worldwide are Cotton, Sugarcane, Tea, Coffee, Cocoa and etc.

Plantation crops are those crops which are farmed in large government or private owned area of land. Examples of plantation crops are Coconut, Cashew, Rubber and others. Plantation crops are more in demand among farmers as the area of farming can be privately owned.

Food Crops like Pulses, Millets, Rice, Maize, Wheat and others, are generally farmed in regards to cash crops. Here Food crops capture the major shares as compared to Plantation crops and Cash crops.

Agricultural Inoculants Market - By Application

• Soil Inoculation
• Seed Inoculation
• Others

Soil Inoculation captures major shares in Asia-Pacific region and South America region. These two regions are adopting soil inoculation as it acts as source of bio-fertilizers for soil in farming of crops like rice, soybean, sugar, corn and others.

Agricultural Inoculants Market - By Bio-Chemistry Source

• Bacterial Inoculants
  • Rhizobacteria
  • Other Nitrogen Fixing Bacteria
  • Phosphate Solubilizing Bacteria
  • Other Nature of Bacteria
• Fungal Inoculants
  • Trichoderma
  • Mychorrhiza
  • Other Nature of Fungi

• Others

The Bacterial Inoculants is holding a greater number of shares as compared to Fungal Inoculants in global market. The Bacterial Inoculants consist of bacterial micro-organisms which acts as fertilizers and pesticides for crops. Rhizobacteria acts as a fertilizer for crops and Phosphate solubilizing acts as a pesticide for crops. Fungal Inoculants is anticipated to highly grow in global market, for coming times. The fungal Inoculants consists of fungi species that absorbs more nutrients needed for growth of crops from farming soil or land.

Impact of COVID-19 on the Agricultural Inoculants Market

Globally Covid-19 has put up with lot of struggle and hassles for Agricultural Inoculants Market. To prevent the outbreak of epidemic many countries have issued and taken several harsh steps which is in return effecting both supply and demand of Agricultural Inoculants industry. Lockdowns have made factories shut down temporarily which produced or manufactured Agricultural Inoculants for crops such as rice, wheat, sugarcane, soybeans, spices and others. General public or people are stopped from going outside certain premises in large groups which is affecting the manufacturing and supply of Agricultural Inoculants. This factor is proportionately tumbling the demand of Agricultural Inoculants from farmers point of view. But every crisis produces and opportunity where the lockdowns imposed are removed in a phased and systematically manner. This in ensuring a glimmer of hope for Agricultural Inoculants industry. Where many associated press releases predict that Agricultural Inoculants industry will be back up in coming time.

Regional Analysis

North America is anticipated to capture major shares for Agricultural Inoculants market, globally. Countries like USA and Canada situated in North America region consist of farming Inoculants-utilizing crops. These countries are also adopting new technology of inoculants to produce more yields in farming crops.

Europe is anticipated to capture second major shares in Agricultural Inoculants market, globally. Countries like Italy, France and Spain comprises of second largest agricultural area for farming organic crops. These countries demand more organic farmed crops which is increasing the supply for Agricultural Inoculants. Countries like Germany and Denmark also consists of major companies associated with business of Agricultural Inoculants.

Asia-Pacific and South America region is expected to flourish in Agricultural Inoculants market, globally. Countries like Brazil, India, China are major producer of cash crops and Plantation crops.

Top Leading Companies

The key players in contribution to Agricultural Inoculants Market globally consist of many. Some of them include Kemin Industries, Inc (USA), BrettYoung (USA), Novozymes (Denmark), Queensland Agricultural Seeds Pty Ltd. (Australia), Archer Daniels Midland Company (USA), Precision Laboratories LLC (USA), Bayer (Germany), Lallemand Inc. (Canada), Verdesian Life Sciences (USA), BIOMIN Holding GmbH (Austria), XiteBio Technologies Inc (Canada), and Others.