Agricultural Inoculants Market Expected to Grow to USD 1.57 Billion by 2030″

Global Agricultural Inoculants Market Overview

The global agricultural inoculants market is expected to register a CAGR of 10.13% during the forecast period 2022-2030 and gain a market valuation of USD 1.57 billion by 2030.

The agricultural inoculants include micro-organisms like algae, fungus, bacteria and sometimes a virus. Agricultural inoculants help in crop production without disturbing the biochemical life cycle of a plant growth and are also known to produce organic food items. The use of fertilizers to enhance the crop production, pesticides for pest removal and insecticides to prevent attack from insects has carved a way for chemicals to move to the top of the food chain. To remove these chemicals from the food chain, agricultural inoculants are required. They bring about growth of crops via use of natural waste, microorganisms, and water. This method of agriculture is called organic farming and is the major driver in the development of the agricultural inoculants market capital.

The other driver growing this market is the interest of each country’s government to promote organic farming which not only reduces the biological waste but also enhances the land output and the crop output.

Regional Analysis

The major market for the agricultural inoculants is present in North America, Europe, South America, Asia-Pacific and Middle East and Africa.

Out of all the regional markets, North America registered a market share of about 35.94% of the global agricultural inoculants market in the year 2019. North America has extensive farmlands, heavy equipment and technology that harnesses the agricultural produce. The rising demand for organic culture and commodities can be coupled with the equipment to give better land output and disease resistant seeds, fruits, and grains.

The Asia-Pacific region has a high percentage of agricultural land available and thus, the agricultural inoculants market size is increasing rapidly in the Asia-Pacific region. This is because of the growing awareness of the benefits of organic farming and government efforts collectively.

In Europe, there is a high demand for sustainable and organic farming. Government and farmer’s role in investing in the research and development of the agricultural inoculants market is expected to increase the market size in the European region.

Market Segmentation

The agricultural inoculants market share is segmented by type, mode of application and the crop type.

Based on the type, we see the bacterial inoculants and fungal inoculants. Of these, the bacterial inoculants market held the highest market value in the year 2019. The use of bacteria as an inoculant controls pest growth and improves soil by nitrogen fixation and produces a superior crop, and thus, these reasons will make the bacterial inoculants grow rapidly.

Based on the mode of application, where bacteria can be inoculated with roots, seed, or the stem. The seed inoculation segment has the major stake since it helps in improvement of the seed by enriching the quality. The seed also has inherent properties of protecting itself against diseases and pests.

The market segment based on crop type is cereals and grains segment, oilseeds and pulses segment and fruits and vegetables segment. The cereals and grains segment held the highest market value in the year 2019 because of high demand for the grains and cereals. This demand is estimated to swell as they are staple food for most of the population. Thus, the cereals and grains segments are expected to grow at a faster rate than before.

Key Players

  • Corteva, Inc. (U.S.),
  • BASF SE (Germany),
  • Bayer AG (Germany),
  • Novozymes A/S (Denmark),
  • Brettyoung (Canada),
  • Rizobacter Argentina S.A. (Argentina),
  • Italpollina S.p.A. (Italy),
  • Advanced Biological Marketing Inc. (U.S.),
  • Soil Technologies Corporation (U.S.),
  • Verdesian Life Sciences, LLC (U.S.)

The companies dedicated to enhancing the food production with development of technologies for agricultural methods are:

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