Summary - A new market study, titled “Global Inoculants Market Size study with COVID-19 impact, by Type (Agriculture Inoculants and Silage Inoculants), by Microbes (Bacterial, Fungal and Other sources), by Crop type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Forage and others) and Regional Forecasts 2020-2027” has been featured on WiseGuyReports.
Global Inoculants Market is valued approximately USD 808 Million in 2019 and is anticipated to grow with a healthy growth rate of more than 6.9% over the forecast period 2020-2027. The microbial inoculants are also known as bioinoculants or soil inoculants that are used in agriculture to promote plant health with the help of rhizospheric or endophytic microbes. The inoculants have commendable application in improving plat nutrition and stimulates the growth of plant by enhancing plant hormone production. The market of inoculants market is expected to grow in the global time frame of COVID-19, as food sector has become an essential sector across the globe in the pandemic to feed large growing population with less costly foods. The market for Inoculants is expected to drive over the forecast years due to the rapid growth in agriculture sector. In agriculture sector, it helps in enhancing the nutrition of plant and overcoming damages of the plants due to the hormonal imbalance. For instance: on November 2019, as per Statista, the revenue earned in agriculture sector across the globe in 2018 is USD 11 Million and expected to reach USD 74.5 Million till 2024. In addition, growing concerns for using fertilizers and pesticides robust the market growth over the forthcoming period. However, limited awareness regarding agriculture and silage inoculants is the factor hampering the market growth.
The regional analysis of global Inoculants Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the shift in the trend toward the adoption of organic and environment-friendly farming practices. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapid growth in agriculture industry and environmental concerns related to the usage of fertilizers and pesticides would create lucrative growth prospects for the Inoculants Market across Asia-Pacific region.
Major market player included in this report are:
Verdesian Life Sciences
Advanced Biological Marketing Inc.
Precision Laboratories, LLC
Queensland Agricultural Seeds Pty. Ltd.
XiteBio Technologies Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Crop Type:
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Inoculants Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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