Agricultural Inoculants Market Forecasts to 2028 – Global Analysis By Type (Bio-Control Agents, Plant Growth Promoting Microorganisms, Plant-Resistant Stimulants and Other Types), Microbes (Fungi, Bacteria and Other Microbes), Form (Liquid, Solid, Granula

Agricultural Inoculants Market Forecasts to 2028 – Global Analysis By Type (Bio-Control Agents, Plant Growth Promoting Microorganisms, Plant-Resistant Stimulants and Other Types), Microbes (Fungi, Bacteria and Other Microbes), Form (Liquid, Solid, Granular and Other Forms), Crop Type (Fruits & Vegetables, Cereals & Grains and Other Crop Types), Function (Crop Protection and Crop Nutrition), Application and Geography

According to Stratistics MRC, the Global Agricultural Inoculants Market is accounted for $468.11 million in 2022 and is expected to reach $806.92 million by 2028 growing at a CAGR of 9.5% during the forecast period. A soil inoculants, also known as an agricultural inoculants, is a mixture of different microorganisms, including bacteria, fungus, protozoa, viruses, and algae, that are used to encourage plant growth. To increase plant nutrition, crop productivity, and guard against soil-borne illnesses, it is either sprayed on the seed or mixed into the soil.

According to the Research Institute of Organic Agriculture (FiBL), the area under organic cultivation increased from 57.8 million ha in 2016 to 72.3 million ha in 2019, with 187 countries practicing organic agriculture.

Market Dynamics:

Driver:

Rise in the adoption of organic and environmentally friendly farming practices

Organic farming is a practice that forgoes the use of artificial fertilizers and pesticides. It entails ceasing to utilize artificial inputs including irradiation, artificial fertilizers, artificial insecticides, genetically modified seeds, preservatives, and additives. Farmers all around the world are presented with opportunities as consumer demand for products made organically continues to increase considerably. Globally, there has been a substantial shift in people's eating habits and preferences. The use of microorganisms that improve soil nutrient availability, minimize inputs of chemical fertilizers, and support sustainable agriculture has expanded dramatically in recent years as a result of the development in organic agricultural practices.

Restraint:

Limited awareness regarding agricultural inoculants

Most farmers are either unaware of or only vaguely familiar with agricultural inoculants and how they can improve cost-yield sustainability. In most areas, farmers believe that agricultural inoculants have a more gradual impact than chemical fertilisers. More than half of the population of the country relies heavily on agriculture as a source of income, and farmers are reluctant to incur production capacity risks. As a result, farmers have not generally accepted agricultural inoculants. The primary issues farmers encounter while using agricultural inoculants include awareness of the inoculants, a lack of availability, and sluggish results. As a result, a significant barrier to the market's expansion is farmers' ignorance of agricultural inoculants.

Opportunity:

Surging trend of consumption of organic food

Organic food is either created using raw ingredients generated organically or grown using a natural agricultural technique. The increased demand for organic products is a result of the advantages they have for one's health. The largest markets for organic food are developed areas like North America and Europe. The domination of both regions can be ascribed to the increased popularity of organic food and beverages in supermarkets, as well as the growing knowledge of their advantages. Additionally, organic foods are becoming more and more popular because of their lack of GMOs, high vitamin content, lack of antibiotics and growth hormones, low pesticide use, and improved environmental stability. As a result, with greater public awareness, customers will soon replace all conventional food items in their homes with organic food.

Threat:

Silage losses due to fungi and mycotoxin

The preparation of silage can lengthen the forage's storage and shelf life, but silage itself is still very prone to contamination when the forage's nutritional content is being preserved and improved. The silage becomes extremely sensitive to moulds and mycotoxins when it is stored for a long time. The materials used to make silage offer a very friendly environment for the growth of fungi, which then causes extreme silage losses. Mold growth and the generation of mycotoxin can be easily triggered by elements including excessive wetness, extreme dryness, heat, incorrect material compression, condensation, or insect infestation. Therefore, if silage is not properly maintained, contamination could result in significant silage losses.

Covid-19 Impact

The COVID-19 global pandemic, which has led to a rapid rise in cases, has also had a significant impact on the global agricultural inoculant market. The virus has had an adverse effect on the availability of raw resources, the supply chain, and the imbalance between supply and demand. International and national borders have been temporarily closed because of the COVID-19 outbreak all over the world. The border closure is anticipated to affect the whole supply chain. The supply chain is expected to be negatively impacted by stringent regulations, which will make it more difficult to produce, distribute, and sell agricultural inoculants.

The cereal & grains segment is expected to be the largest during the forecast period

The cereal & grains segment is estimated to have a lucrative growth, due to increased production of grains and cereals, as well as rising demand for grains like wheat, barley, corn, and rice around the world, are all contributing contributors to high income growth. While Brazil is a significant corn producer, one of the biggest producers of wheat is the United States. These grains are regarded as staple foods, and the market is expanding as a result of the population's rapid rise in food demand.

The soil treatment segment is expected to have the highest CAGR during the forecast period

The soil treatment segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the common usage of bio fertilizers and other inoculants in crops like corn, soybean, rice, and sugarcane. It is also common to use root dips and foliar sprays to apply liquid or powder-type inoculants. Foliar sprays are preferred when using the inoculant as a biocontrol, whereas root dipping is preferred while using the inoculant as a bio fertilizer on Plant-Growth Promoter.

Region with highest share:

North America is projected to hold the largest market share during the forecast period. In terms of both production and consumption, North America dominates the market for agricultural inoculants. The United States is embracing natural and organic farming due to its highly developed agriculture industry. The main causes influencing the nation's need for agricultural inoculants are the rising expense of chemical inputs, their detrimental effects on soil and the environment, and increased knowledge of the significance of equal plant nutrients.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period. One of the main factors influencing the use of agricultural inoculants in the Asia Pacific is the growing understanding of bio-based products and their agricultural implications. Researchers have adopted an ecologically intensive approach that utilises as many ecological and natural benefits as possible to improve soil health and decrease soil erosion. Examples of such measures include the application of inoculants (microbial enhancements) to the seed, the cultivation of crops that draw advantageous insect predators, and the use of experimental crop rotations.

Key players in the market

Some of the key players profiled in the Agricultural Inoculants Market include BASF SE, Lallemand Inc., Verdesian Life Sciences, Isagro S.p.a., Corteva, Rizobacter, Bayer AG, Advanced Biological Marketing Inc., KALO, Stoller Group, Premier Tech, Novozymes, Mapleton Agri Biotec Pty Ltd, New Edge Microbials Pty Ltd, T.Stanes & Company Limited and AEA Investors (Verdesian Life Sciences LLC).

Key Developments:

In August 2020, Stoller Argentina S.A., a subsidiary of Stoller Group, launched a package with three integrated solutions, an inoculant, a fungicide, and a biostimulant.

In August 2017, BASF SE expanded its manufacturing facilities in Saskatoon, Canada for the production of biological inoculants.

Types Covered:
• Bio-Control Agents
• Plant Growth Promoting Microorganisms
• Plant-Resistant Stimulants
• Other Types

Microbes Covered:
• Fungi
• Bacteria
• Other Microbes

Forms Covered:
• Liquid
• Solid
• Granular
• Other Forms

Crop Types Covered:
• Fruits & Vegetables
• Cereals & Grains
• Oilseeds & Pulses
• Forage
• Other Crop Types

Functions Covered:
• Crop Protection
• Crop Nutrition

Applications Covered:
• Soil Inoculation
• Seed Inoculation
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements