Agricultural Inoculants Market Report by Type (Plant Growth Promoting Microorganisms, Bio-Control Agents, Plant-Resistant Stimulants, and Others), Microbes (Bacteria, Fungi, and Others), Mode of Application (Seed Inoculation, Soil Inoculation, and Others), Form (Solid, Liquid, Granular, and Others), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), and Region 2024-2032
The global agricultural inoculants market size reached US$ 492.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 859.5 Million by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.
An agricultural inoculant, or soil inoculant, is a formulation of various microbial organisms, such as bacteria, fungi, protozoa, virus and algae, that are used to promote plant growth. It is either applied on the seed or added into the soil to improve plant nutrition, crop yield and prevent soil-borne diseases. It is also utilized to promote growth in plants by stimulating the production of plant hormones and enhancing mineral uptake. Inoculants are environment-friendly and can be used as a potential alternative to chemical fertilizers and pesticides for cereals, grains, oilseeds, fruits, vegetables and silage and forage crops.
The growing agriculture industry, along with the increasing adoption of organic farming practices, represent as the key factors driving the market growth. Owing to the growing concerns for agricultural sustainability, soil health and environmental safety, agricultural inoculants are rapidly being used along with organic manure to improve soil fertility and plant health. Furthermore, increasing consumer awareness regarding adverse effects of chemically synthesized fertilizers and pesticides is also providing a boost to the market growth. The artificial additives are known to cause microbial imbalance, soil pollution and reduce the levels of biocontrol agents in the soil. As a result, there is a growing preference for agricultural inoculants that provide natural protection to the plants and soil. Additionally, the rising demand for food as a result of the increasing population, coupled with the limited availability of cultivable land, is another factor favoring the market growth. Agricultural inoculants aid in increasing crop yield, thus meeting the steadily rising food demand across the globe. Other factors, including various innovations in the field of agricultural sciences and the implementation of favorable government policies, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global agricultural inoculants market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, microbes, mode of application, form and crop type.
Breakup by Type:
Plant Growth Promoting Microorganisms
Bio-Control Agents
Plant-Resistant Stimulants
Others
Breakup by Microbes:
Bacteria
Rhizobacteria
Nitrogen-fixing Bacteria
Phosphate-Solubilizing Bacteria
Others
Fungi
Trichoderma Spp.
Mycorrhiza
Others
Others
Breakup by Mode of Application:
Seed Inoculation
Soil Inoculation
Others
Breakup by Form:
Solid
Liquid
Granular
Others
Breakup by Crop Type:
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others
Middle East and Africa
Turkey
Saudi Arabia
Iran
United Arab Emirates
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Advanced Biological Marketing Inc., BASF SE, Dow Chemical Company, Bayer Crop Science, Brettyoung, Novozymes A/S, Verdesian Life Sciences LLC, XiteBio Technologies Inc., Precision Laboratories LLC, etc.
Key Questions Answered in This Report
1. What was the size of the global agricultural inoculants market in 2023?
2. What is the expected growth rate of the global agricultural inoculants market during 2024-2032?
3. What are the key factors driving the global agricultural inoculants market?
4. What has been the impact of COVID-19 on the global agricultural inoculants market?
5. What is the breakup of the global agricultural inoculants market based on the type?
6. What is the breakup of the global agricultural inoculants market based on the microbes?
7. What is the breakup of the global agricultural inoculants market based on the mode of application?
8. What is the breakup of the global agricultural inoculants market based on the form?
9. What is the breakup of the global agricultural inoculants market based on the crop type?
10. What are the key regions in the global agricultural inoculants market?
11. Who are the key players/companies in the global agricultural inoculants market?