Industry Analysis
To improve plant health and agricultural productivity, microbial inoculants are specially prepared for soils or seeds. Microbial inoculants, also known as soil inoculants, are beneficial to plant development and nutrition. Microbial inoculants promote plant development, reduce disease, and increase output while protecting the environment.
Data Bridge Market Research analyses that the microbial inoculants market which was valued at USD 427.5 million in 2021 is expected to reach the value of USD 950.24 million by 2029, at a CAGR of 10.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Microbial Inoculants Market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analyzed based on the tools such as Porter’s five forces analysis. The study throws light upon market attractiveness where all the segments are arranged based on the compound growth rate, size, and general attractiveness.
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Global Microbial Inoculants Market Dynamics
Drivers
- The growing adoption of organic farming due to expansion in agricultural industry
The expanding agriculture industry and the increasing adoption of organic farming practises are the primary factors driving market growth. Due to the growing concerns about agricultural sustainability, soil health, and environmental safety, microbial inoculants are increasingly being used in conjunction with organic manure to improve soil fertility and plant health. Furthermore, rising consumer awareness about the harmful effects of chemically synthesised fertilisers and pesticides is boosting market growth.
- A shift towards more protected and precise farming techniques
Farmers and growing communities worldwide are shifting toward more protected and precise farming to meet rising food demand on limited arable land. The emphasis is on promoting plant growth from early stages, and starter fertilisers have emerged as a key material in this regard. The development of novel formulations that can precisely balance seedling nutrition requirements is also encouraging the use of starter fertilisers.
Opportunity
Furthermore, the significant increase in RD activities and the increased adoption of advanced technology will create lucrative and remunerative growth opportunities for the microbial inoculants market during the forecast period 2022-2029. The increased use of bacterial inoculants for cereals and vegetables and strong demand from various end-use industries will propel new growth opportunities in the coming year.
Restraints
Low shelf life of agricultural inoculants and a lack of awareness about silage and agricultural inoculants will likely impede the growth of the microbial inoculants market during the forecast period. Poor infrastructure in developing economies will be the most significant challenge to market growth.
An excellent Data bridge market research report covers the systematic and comprehensive market research study, to provide the facts and figures allied with any subject in the field of marketing. With the specific and state-of-the-art information presented in this industry report, businesses can be aware about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the Agriculture And Animal Feed industry. Quality and transparency are strictly maintained while carrying out research studies to offer an exceptional market research report for specific niche.
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Industry Segmentation and Size
The microbial inoculants market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- Bacterial
- Fungal Inoculants
- Composite Inoculants
Application
- Cereals
- Oil Crops
- Fruits and Vegetables
- Others
Market Country Level Analysis
- The countries covered in the microbial inoculants market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Industry Share Analysis
Some of the major players operating in the microbial inoculants market are:
- Bayer AG (Germany)
- BASF SE (Germany)
- Yara (Norway)
- Compass Minerals (U.S.)
- Syngenta Crop Protection AG (Switzerland)
- ADAMA (Israel)
- Sumitomo Chemicals Co. Ltd. (Japan)
- Nufarm (Australia)
- UPL (India)
- K+S Aktiengesellschaft (Germany)
- ICL (Israel)
Microbial Inoculants Market Report Answers the Following Questions:
- What is the current size of the Microbial Inoculants Market?
- What are the key drivers and challenges for the Microbial Inoculants Market?
- What are the different types of Microbial Inoculants Market?
- What are the leading companies operating in the Microbial Inoculants Market?
- What is the future outlook for the Microbial Inoculants Market?
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