Global Microbial Agricultural Inoculants Market 2024-2028
The microbial agricultural inoculants market is forecasted to grow by USD 243.73 mn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the microbial agricultural inoculants market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising concerns over use of chemical fertilizers and pesticides in agriculture, increasing global demand for food, and increasing government support for sustainable and eco-friendly agricultural practices.
Technavio's microbial agricultural inoculants market is segmented as below:
By Type
- Plant growth promoting micro-organisms
- Biological pest control agents
- Plant disease-resistance stimulants
By Application
- Seed inoculation
- Soil inoculation
- Others
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the rising popularity of organic farming as one of the prime reasons driving the microbial agricultural inoculants market growth during the next few years. Also, new product developments related to microbial inoculants and use of microbial inoculants in biological seed coatings will lead to sizable demand in the market.
The report on the microbial agricultural inoculants market covers the following areas:
- Microbial agricultural inoculants market sizing
- Microbial agricultural inoculants market forecast
- Microbial agricultural inoculants market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading microbial agricultural inoculants market vendors that include AquaBella Organic Solutions LLC, BASF SE, Bayer AG, BIO CAT Inc., Bioceres Crop Solutions Corp., Corteva Inc., Evogene Ltd., Groundwork BioAg, Hello Nature Inc., IAB Investigaciones y Aplicaciones Biotecnologicas, Imex Agro, Kemin Industries Inc., Lallemand Inc., Mycorrhizal Applications, New Edge Microbials Pty Ltd., Novozymes AS, Premier Tech Ltd., Queensland Agricultural Seeds, Soil Technologies Corp., and Verdesian Life Sciences LLC. Also, the microbial agricultural inoculants market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.