Inoculants Market Forecast 2020 – 2027 – Top Key Players Analysis
The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study.
Competitive Rivalry of the Inoculants Market:
The leading players in the inoculants market include Novozymes A/S, Bayer AG, Verdesian Life Sciences, BASF SE, Archer-Daniels-Midland Company, Precision Laboratories, LLC, Cargill, Incorporated, XiteBio Technologies Inc., BIOMIN Holding GmbH, and Provita Supplements GmbH, among others.
Drivers of the Inoculants Market:
Growing environmental concerns associated with the use of pesticides and fertilizer, coupled with the rising adoption of organic and sustainable farming practices, are certain factors surging the growth of the global inoculant market. There has been an upsurge in demand for organically produced goods among customers worldwide, which encourages the use of microbial inoculants in farming practices as it is a safer and more natural approach to promote plant and soil health. Moreover, increasing awareness about emerging demand for more productivity, crop health, and the adoption of advanced farming practices are projected to boost the growth of the global Inoculants market.
The increase in the poultry industry, rising use of silage as feedstock for biofuel production, and the growing rate of the livestock industry has fuelled the demand for silage inoculant, which in turn, is accelerating the growth and development of the inoculant market. Increasing population, the limited availability of fertile land, and shifting climatic conditions are some of the factors surging the demand for agriculture inoculants. In addition to this, the rising prices of fertilizers are expected to bolster the market for inoculant driven by their cost-effectiveness in comparison to chemical fertilizers. On the other hand, the lack of awareness related to inoculants among farmers in developing economies and the lower shelf life of agricultural inoculants will hinder the inoculant market in the upcoming years.
Market Segmentation:
The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below:
Breakup by Type:
- Agricultural Inoculants
o Plant-Growth-Promoting Microorganisms
o Biocontrol Agents
o Plant-Resistant Stimulants
- Silage Inoculants
o Homofermentative
o Heterofermentative
Breakup by Microbe:
- Bacterial
o Rhizobacteria
o Phosphobacteria
o Azotobacter
o Lactobacillus
o Pediococcus
o Enterococcus
o Others
- Fungal
o Mycorrhiza
o Trichoderma Spp.
o Others
- Other Microbes
Breakup by Crop Type:
- Oilseeds & Pulses
- Cereals & Grains
- Fruits & Vegetables
- Forage
- Others
Breakup by Region:
- North America
o United States of America
o Canada
- Asia Pacific
o China
o Japan
o India
o Rest of APAC
- Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
- RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
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