Agricultural Inoculants Market By Type (Plant Growth Promoting Micro-organisms, Bio-control Agents, Plant-resistance Stimulants) By Source (Bacterial, Fungal, Others) By Application (Seed Inoculation, Soil Inoculation, Others) By Crop Type (Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Crops), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)
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The Global Agricultural Inoculants Marketwas worth USD 302.35 million in 2016 and estimated to be growing at a CAGR of 9.6%, to reach USD 478.3 million by 2021.
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With the increasing popularity for organic food and organic farming, and increasing environmental awareness regarding the use of chemical fertilizers and pesticides, the need for agricultural inoculants is increasing which enhances the growth of this market in the aforementioned forecast period.
Agricultural Inoculants are beneficial microbes formulated and applied to seed or soil for enhancing plant health and growth, thereby enhancing agricultural productivity. They could be bacteria, fungi or other microbes which help in preventing diseases, increasing growth and improving crop yield. These Inoculants are accessible in solid, liquid, and freeze-dried forms. Inoculant standards have been changing and the rate of their usage is also on the rise.
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The growth of the agricultural inoculants market is driven by the high demand and cost of basic agrochemicals like pesticides and fertilizers, increasing demand for organic foods and organic farms around the globe, and the ominous need for increased global food productivity to meet the needs of growing population. However the lack of awareness among consumers and low adoption rate due to lack of proper channels is hindering the growth of this market. Furthermore, high growth potential in developing regions and technological advancement in synthesis of inoculants provide the future growth potential for this market.
The Global market for Agricultural Inoculants is broadly categorized by Type, Source, Application, Crop type. Based on Type - Plant Growth Promoting Micro-organisms, Bio-control agents, Plant-resistance Stimulants. Based on Source - Bacterial, Fungal, Others. Based on Application - Seed inoculation, Soil inoculation, Others. Based on Crop type - Cereals & grains, Oilseeds & pulses, Fruits & vegetables, Others. Based on the geographical analysis the market is categorized into regions of North America, Latin America, Europe, Middle East and Africa and Asia Pacific. Product wise the most popular product is PGPMs – Plant Growth Promoting Micro-organisms having highest share. Asia Pacific is dominating the market with largest share and North America is in second place. Asia-Pacific is the fastest growing region.
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Some of the key players dominating this market include BASF SE, E.I. Du Pont de Nemours and Company, Bayer CropScience, Novozymes A/S, Brettyoung, Verdesian Life Sciences, Dow Chemical Company, Syngenta Ag, Precision Laboratories, Xitebio Technologies.
Agricultural Inoculants Market Segmentation:
• Plant Growth Promoting Micro-organisms
• Bio-Control Agents
• Plant-resistance Stimulants
• Y-o-Y Growth Analysis, By type
• Market Attractiveness Analysis, By Type
• Market Share Analysis, By Type
• Y-o-Y Growth Analysis, By Source
• Market Attractiveness Analysis, By Source
• Market Share Analysis, By Source
• Seed inoculation
• Soil inoculation
• Other Applications
• Y-o-Y Growth Analysis, By Application
• Market Attractiveness Analysis, By Application
• Market Share Analysis, By Application
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Other Crops
• Y-o-Y Growth Analysis, By Crop type
• Market Attractiveness Analysis, By Crop type
• Market Share Analysis, By Crop type
The scope of the report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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