The report “Inoculants Market by Type (Agricultural Inoculants and Silage Inoculants), Microbe (Bacterial and Fungal), Crop Type (Oilseeds & Pulses, Cereals & Grains, Fruits & Vegetables, and Forage), and Region – Global Forecast to 2025”, published by MarketsandMarkets. The inoculants market size is estimated at USD 808 million in 2019 and is projected to reach USD 1,207 million by 2025, at a CAGR of 6.9% during the forecast period. The growth of the market is driven by the growth of the livestock industry, rise in prices of feed grains, and adoption of organic farming practices due to the growing health concerns among consumers. Emerging countries in South America and the Asia Pacific are projected to offer lucrative opportunities for inoculants manufacturers in the coming years.
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=152735696
The oilseeds & pulses segment is projected to be the fastest-growing segment in the inoculants market during the forecast period.
Oilseeds is one of the important cash crops in developing countries as they are grown in abundance. The most important crops in this category include soybean, canola, lentils, and beans. Oilseeds and pulses form a staple diet for people in developing countries. Soybean is widely grown and witnesses demand in Brazil, the US, Argentina, and China. The demand for soybean remains high, as it is a rich source of protein for vegetarian consumers. The demand for high-yielding and disease-resistant soybean seeds is also increasing, as it is a cash crop of premium value. In addition, the agricultural inoculant market is projected to grow due to the increase in oilseeds production globally. In terms of pulses, India is a leading producer of pulses. Other major producers of pulses include Canada, Brazil, the US, and China. The increased demand for oilseeds and pulses such as soybean, canola, peas, beans, and other legume crops are projected to drive the growth of the inoculants market.
Browse in-depth TOC on “Inoculants Market“
120 – Tables
70 – Figures
200 – Pages
The agricultural inoculants segment is projected to record the fastest growth during the forecast period.
Agricultural inoculants have properties that improve the quality of soil, enhance the growth of crops, and increase yield, which is a major factor that has contributed to the growth of the agricultural inoculants market. The increase in global awareness about sustainable agriculture, which witnesses high adoption due to its step-by-step reduction in the cost of farming and complying with the environmental safety norms-has resulted in an increase in the use of agricultural inoculants. Agricultural inoculants are also considered cost-effective alternatives for chemical fertilizers, as their application reduces the use of chemical fertilizers in farming. Hence, the overall production cost can be reduced without compromising on the economic yield. Environmental concerns related to the use of chemical fertilizers have led to an increase in the use of agricultural inoculants, which is projected to drive the market growth. Inoculants promote the growth of plants through several beneficial bacteria and have a negligible impact on the environment. An increase in organic and environment friendly farming practices have led to an increase in demand for agricultural inoculants.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=152735696
South America is projected to be the fastest-growing market during the forecast period.
The South American inoculants market is projected to be the fastest-growing market during the forecast period. Countries such as Brazil and Argentina constitute the largest country markets in the Latin American region. Both these countries are the major contributors in the production of soybean. Agricultural inoculants are widely used for soybean crops. Hence the consumption of inoculants is projected to increase in the next five years. It is one of the largest regions that have organic agricultural land area, due to which the demand for agricultural inoculants remains high.
This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the inoculants market. It consists of the profiles of leading companies, such as Corteva (US), BASF (Germany), Bayer (Germany), Novozymes (Denmark), Verdesian Life Sciences (US), Advanced Biological Marketing Inc. (US), BrettYoung (US), Precision Laboratories, LLC (US), Queensland Agricultural Seeds Pty (Australia), and XiteBio Technologies Inc. (Canada). Apart from this, other key players include Chr. Hansen (Denmark), Lallemand Inc. (Canada), Kemin Industries, Inc (US), Provita Supplements GmbH (Germany), Cargill (US), Archer Daniels Midland Company (US), BIOMIN Holding GmbH (Austria), Terramax (US), BIO-CAT Microbials (US), and MBFi (South Africa).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.