Inoculants Market

Inoculants Market Overview

Inoculants, also known as microbial inoculants, help in improving host plant nutritional status and reduce the need for fertilizer inputs. Inoculants contain beneficial microbes, including bacteria, fungi, protozoa, and algae that promote plant growth and help to suppress pests or diseases. Inoculants are a blend of microorganisms that improve the fertility and health of the soil. The microbes in the inoculants are highly helpful for the development of plants and stimulate and benefit other organisms and insects that aid in the overall growth of plants.

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Major Inoculants Market Drivers

Increasing environmental concerns regarding the use of pesticides and fertilizer and the growing adoption of organic and sustainable farming practices are some of the prominent factors boosting the growth of the global inoculant market. There has been a huge surge in the demand for organically produced goods among customers globally, which promotes the use of microbial inoculants in farming practices owing to a much safer and more natural approach to encourage plant and soil health. In addition to this, the growing awareness about crop health, increasing demand for more productivity, and the adoption of advanced farming practices are expected to support the growth of the global Inoculants market.

The expansion of the poultry industry, increasing use of silage as feedstock for biofuel production, and the rising rate of the livestock industry, are surging the demand for silage inoculant, thereby contributing to the growth and development of the inoculant market. Growing population, the limited availability of fertile land, and changing climatic conditions are some of the factors augmenting the demand for agriculture inoculants. Moreover, the increasing prices of fertilizers are anticipated to propel the market for inoculant owing their cost-effectiveness compared to chemical fertilizers. However, the limited awareness regarding inoculants among farmers in developing countries and lower shelf life of agricultural inoculants are expected to hamper the inoculant market during the forecast period.

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Based on the type, the market is segmented into agricultural and silage. The silage inoculants segment is expected to dominate the market owing to the growth of the livestock industry in developing countries across the world. Additionally, the increasing demand for animal-based products, including leather, wool, milk, eggs, and meat is expected to boost the demand for silage segment, thereby promoting the growth of the silage inoculant segment.

Based on microbe, the market is segmented into bacterial, fungal, and other microbes. The fungal segment is projected to grow at a higher CAGR during the forecast period. The fungal inoculants help the host plant in increasing salinity tolerance, drought tolerance, and resistance to trace metal toxicity. Additionally, the fungal inoculant help plants in absorbing phosphorus and other nutrients, which is expected to drive the market growth. Rising organic farming practices globally and increasing prices of chemical fertilizers are anticipated to support the adoption of the bacterial inoculant market during the forecast period.

Based on crop type, the market is segmented into oilseed and pulses, cereals & grains, fruits & vegetables, forage, and others. The cereal & grains segment is projected to grow at a higher CAGR during the forecast period. The rising population rate, coupled with the growing consumption of food grains including wheat, corn, barley, and rice crops across the world, has led to an increase in demand for better yield and improved quality of grain and cereal crops. This factor is propelling the growth of the agricultural inoculant market. Growth in demand for forage material to feed livestock, increasing demand for dairy products and other animal products are the factors driving the growth of the forage segment of the inoculant market.

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Regional – Segment Analysis

Based on the region, Asia-Pacific region is anticipated to lead the market during the forecast period due to the growing population, rise in per capita disposable incomes, coupled with the increasing demand for food products in developing countries, including China, India, Sri Lanka, and Indonesia. The surge in the number of meat consuming population and the industrialization of livestock production are driving the growth of the silage inoculant market in the region.

Top Market Players

Various notable players operating in the global Inoculants market include BASF SE, Novozymes A/S, Bayer AG, Verdesian Life Sciences, Archer-Daniels-Midland Company, Precision Laboratories, LLC, XiteBio Technologies Inc., Cargill, Incorporated, Provita Supplements GmbH, and BIOMIN Holding GmbH, among others. 

Key Developments: 

• • In 2019, Bayer AG introduced a new industrial biological soybean inoculant CTS 500 in Brazil. The CTS 500 provides the largest possible number of nodules in the main root and guarantees 60 days of pre-treatment in soybean seeds, with a higher concentration of bacteria associated with the survival of the market seed. This product launch is expected to enhance the product portfolio of the company in the soybean farming industry in Brazil.
  • In 2019, Advanced Biological Marketing (ABM), one of the leading developers, manufacturers, and distributors of agricultural biologicals announced the product launch of SabrEx for Soybeans. SabrEx can be used by soybean cultivators to enhance nutrient efficiency, support robust root, and plant growth, increase water and nutrient efficiency, and induce resistance to soybean plant stresses such as in dry weather.
  • In 2019, Novozymes A/S partnered with NexusAg, a subsidiary company of Univar Solutions Inc., which a global distributor and provider of industrial and specialty chemical products. In this partnership, NexusAg will be the sole distributor for BioYield enhancers, that include naturally occurring microbial inoculants of Novozymes A/S in Canada. This partnership will help Novozymes A/S in strengthening the customer base in Canada.

Segments covered in the Report:

The global Inoculants market has been segmented on the basis of type, microbe, crop type, and regions. Based on the type, the market is segmented into agricultural and silage. The agricultural inoculant segment is further segmented into plant-growth-promoting microorganisms, biocontrol agents, and plant-resistant stimulants. The silage inoculant segment is further divided into homofermentative and heterofermentative. Based on microbe, the market is segmented into bacterial, fungal, and other microbes that includes viral, algal, and protozoan. The bacterial microbe segment is further divided into rhizobacteria, phosphobacteria, azotobacter, lactobacillus, pediococcus, enterococcus, and other bacterial microbes. The fungal segment is divided into mycorrhiza, trichoderma spp., and other fungal microbes. Based on crop type, the market is segmented into oilseed and pulses, cereals & grains, fruits & vegetables, forage, and other crop type that includes plantation crop, turf & ornamentals, and fibre crops.

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Key questions answered in this research report:

• • At what pace is global Inoculants market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Inoculants market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Inoculants market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various crop type of global Inoculants market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Microbe, By Crop Type, and  By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	BASF SE, Novozymes A/S, Bayer AG, Verdesian Life Sciences, Archer-Daniels-Midland Company, Precision Laboratories, LLC, XiteBio Technologies Inc., Cargill, Incorporated, Provita Supplements GmbH, and BIOMIN Holding GmbH among others; a total of 15 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Inoculants Market by Type

• • Agricultural Inoculants
  • Plant-Growth-Promoting Microorganisms
  • Biocontrol agents
  • Plant-resistant stimulants
  • Silage Inoculants
  • Homofermentative
  • Heterofermentative

Global Inoculants Market by Microbe

• • Bacterial
  • Rhizobacteria
  • Phosphobacteria
  • Azotobacter
  • Lactobacillus
  • Pediococcus
  • Enterococcus
  • Others
  • Fungal
  • Mycorrhiza
  • Trichoderma Spp.
  • Others
  • Other Microbes

Global Inoculants Market by Crop Type

• • Oilseeds & Pulses
  • Cereals & Grains
  • Fruits & Vegetables
  • Forage
  • Others

Global Inoculants Market by Region

• • North America Inoculants Market (Option 1: As a part of the free 25% customization)

    • North America Inoculants Market by Type
    • North America Inoculants Market by Microbe
    • North America Inoculants Market by Crop Type
    • US Inoculants Market All-Up
    • Canada Inoculants Market All-Up

  • Europe Inoculants Market (Option 2: As a part of the free 25% customization)

    • Europe Inoculants Market by Type
    • Europe Inoculants Market by Microbe
    • Europe Inoculants Market by Crop Type
    • UK Inoculants Market All-Up
    • Germany Inoculants Market All-Up
    • France Inoculants Market All-Up
    • Spain Inoculants Market All-Up
    • Rest of Europe Inoculants Market All-Up

  • Asia-Pacific Inoculants Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Inoculants Market by Type
    • Asia-Pacific Inoculants Market by Microbe
    • Asia-Pacific Inoculants Market by Crop Type
    • China Inoculants Market All-Up
    • India Inoculants Market All-Up
    • Japan Inoculants Market All-Up
    • Rest of APAC Inoculants Market All-Up

  • RoW Inoculants Market (Option 4: As a part of the free 25% customization)

    • RoW Inoculants Market by Type
    • RoW Inoculants Market by Microbe
    • RoW Inoculants Market by Crop Type
    • Brazil Inoculants Market All-Up
    • South Africa Inoculants Market All-Up
    • Saudi Arabia Inoculants Market All-Up
    • UAE Inoculants Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Inoculants Market All-Up

Global Inoculants Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • BASF SE 
  • Novozymes A/S 
  • Bayer AG
  • Verdesian Life Sciences
  • Archer-Daniels-Midland Company
  • Precision Laboratories, LLC
  • XiteBio Technologies Inc.
  • Cargill, Incorporated
  • Provita Supplements GmbH
  • BIOMIN Holding GmbH