Agricultural Inoculant market research report provides a complete study about Agricultural Inoculant industry by major manufacturers, opportunity, cost structure, segmentation, applications, company profile, industry growth rate, production in forecast period 2018-2023. Agricultural Inoculant market report also provides details of the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors. Agricultural Inoculant market is expected to grow at a CAGR of 9% during the forecast period.
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The global agricultural inoculant market is slated to witness a CAGR of 9.0% during the forecast period 2018-2023. Agricultural inoculants are increasingly being used as crop protection agents, soil amendments, and as bio- fertilizers. In many parts of the world, they are being used by farmers to practise sustainable agriculture.
Popularity of Organic & Environment-friendly Farming Practices
Agricultural practices are shifting from conventional to organic farming practices. There are several reasons for adopting organic farming. Some of them are – growing health consciousness, environmental safety, soil health, and long-lasting agriculture sustainability. There are many ways to practise organic farming, such as the use of organic compost, manure, and agricultural inoculants. These inoculants are basically microorganisms that play an important role in ensuring plant health, soil fertility, and agricultural sustainability.
The use of fertilizers and pesticides in modern agriculture is very high and is causing critical problems such as soil pollution, microbial imbalance, reduction in soil fertility and productivity, and loss of natural bio-control agents and beneficial organisms. This impacts both agriculture and human health negatively. However, the demand and popularity of sustainable agriculture through 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, nutrient solubilizing, in turn promoting plant growth.
People have become aware of the harmful effects of the indiscriminate use of chemicals in agriculture. Hence, the “go organic” movement is slowly picking up in agricultural production and consumption. These types of initiatives are seen as very big driving forces for the growth of the agricultural inoculants market worldwide.
North America Occupies the Largest Market Share
North America is the largest market, occupying around 45% of the total market share. As the most developed region in terms of economic growth, it has become the pioneer of technological developments in agriculture relative to farming and seed treatment. In the North American region, the United States is the largest consumer and producer of all types of agricultural inoculants, followed by Canada, Mexico, and other countries. The agricultural inoculant market in North America is expected to witness a CAGR of 7.5% during the forecast period.
Major Players: BASF SE, DUPONT, SYNGENTA AG, BAYER CROPSCIENCE, NOVOZYMES, AND MONSANTO, among others.
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Global Agricultural Inoculant Market Covers the Regions:
US, Canada, Mexico, Rest of North America, Brazil, Argentina, Rest of South America, China, Japan, India, Rest of Asia-Pacific, UK, Germany, France, Rest of Europe, UAE, South Africa, Saudi Arabia.
Agricultural Inoculant Market Key Players are: Advanced Biological Marketing, Inc., BASF SE, Bayer Cropscience AG, BrettYoung, Monsanto, Novozymes, Precision Laboratories, Queensland Agricultural Seeds Pvt. Ltd, TerraMax, Verdesian Life Sciences LLC
Agricultural Inoculant Market Historic Data (2013-2017):
- Industry Trends:Global Revenue, Outlook, and Status.
- Competitive Landscape:Development Trends, By Major Key Manufacturers.
- Product Revenue for Top Players:Market Size and Share, Current Market Situation Analysis.
- Segmentation Analysis:By Types & Applications, By key Drivers, By Regions/ Geography.
- Sales Revenue:Growth Rate, Market Share, Current Industry Analysis, Cost and Price Analysis.
Agricultural Inoculant Market Forecast (2018-2023):
- Market Size Forecast:By Applications/End Users, Global Overall Size, By Type/Product Category, By Geographical Area.
- Key Data (Revenue):Market Size, Market Share, Business Growth, Product Sales Price.
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