Novozymes A/S sells and manufactures industrial enzymes and microorganisms worldwide. It majorly organizes in three Technical divisions and Agriculture & Household Care & Bioenergy and Food & Beverages. The BioAg Alliance, Novozymes’ and Monsanto’s merged to rise crop harvests through products protecting naturally oriented microbes which also called as Agricultural Inoculants.
On 2017, The BioAg Alliance released two new and innovative products. Acceleron B-300 SAT is a corn inoculant based on fungus in the soil. The fungus increases along with the roots of corn plants and cultivates nutrients uptake to the plants.
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Market Data Forecast published a report named as Agricultural Inoculants Market. The Agricultural Inoculants Market worth was USD 398.1 million in 2020, and it was estimated to be reached at a CAGR of 9.70%, to reach USD 632.36 million by 2025.
Report segmented as
- Plant Growth Promoting Micro-organisms
- Bio-control agents
- Plant-resistance Stimulants
Increase in agricultural production, which could be the addition of agricultural inoculants to endorse the growth of plants. However, along with the benefits of agricultural inoculants, there are certain aspects such as short shelf life, which can raise the market progress of world agricultural inoculants market.
Based on the geographic analysis, the market has classified into regions of North America, Latin America, Europe, the Middle East, and Africa and the Asia Pacific. The Asia Pacific has led the Agricultural Inoculants Market.
Key market players
- I. Du Pont de Nemours and Company
- Soil Technologies Corporation (U.S.)
- BASF SE
- Advanced Biological Marketing Inc
- MBFi (South Africa)
- Precison Laboratories LLC
- Queensland Agricultural Seeds Pty Limited
- Bayer CropScience
- Horticultural Alliance Inc. (U.S.)
- Verdesian Life Sciences, LLC (U.S.)
- Monsanto Co. (U.S.)
- Xitebio Technologies Incorporated
- Novozymes A/S
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The Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.
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