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Agricultural Inoculants Market

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Microorganisms called agricultural inoculants are added to the soil to encourage plant development. It is possible for inoculants to be bacteria, fungi, or other microorganisms that support plant growth by supplying vital nutrients, boosting disease resistance, or enhancing soil quality. A common practise in organic farming is the use of agricultural inoculants, since they offer a natural means of enhancing plant growth and productivity.

A wide variety of agricultural inoculants are offered on the market, each with unique advantages. The most popular kind of inoculant is bacteria-based, which can increase plant development by giving it vital nutrients or making it more resistant to disease. There are other fungi-based inoculants that can enhance soil structure and boost plant growth. Other kinds of inoculants, like those based on microbes or algae, are also available but less frequently used.

Numerous techniques can be used to provide agricultural inoculants to the soil. The most popular technique involves combining the inoculant with water and spraying it onto the soil. Additionally, inoculants can be diluted in irrigation water or sprayed directly on plant roots.

It has been demonstrated that the application of agricultural inoculants increases plant growth and yield for a variety of crops. By adding more nutrients, inoculants can also raise the crop’s quality. Although inoculants can be used on a variety of crops, including vegetables, fruits, and nuts, they are most frequently used on crops like maize, soybeans, and wheat.

As more farmers use inoculants to increase crop output and quality, the global market for agricultural inoculants is anticipated to expand in the upcoming years. As more farmers explore natural ways to increase crop output, the market for agricultural inoculants is anticipated to be driven by the increased demand for organic food.

2. Market Challenges for Agricultural Inoculants
The market for agricultural inoculants is anticipated to expand at a CAGR of roughly 7% from 2019 to 2024.

The study discusses the current state of the market for agricultural inoculants globally as well as its growth prospects from 2019 to 2024. The research takes into account the money made from the worldwide sales of agricultural inoculants when calculating the market size.

The market is dynamic and is driven by a variety of issues, including the desire to boost crop yield and the rising demand for food. The market is also impacted by the rising acceptance of new technologies and increased knowledge of the advantages of agricultural vaccines.

The market still has to overcome a number of obstacles, including the high price of vaccines and the general ignorance of their advantages. Throughout the anticipated term, these difficulties are anticipated to impede market expansion.

The market’s drivers, constraints, and opportunities are all carefully examined in the research. It also offers a thorough division of the market into segments according to type, application, and geography.

The study covers a comprehensive competitive landscape of the global market for agricultural inoculants, with an emphasis on the major industry players. BASF SE, Bayer Crop Science, and DuPont are the major participants in the market.

3. Market Trends for Agricultural Inoculants
During the years 2019 to 2024, the market for agricultural inoculants is anticipated to expand at a CAGR of about 6%.

The following important trends are propelling the market for agricultural inoculants:

1. Growing interest in organic food

During the projection period, it is expected that the market for organic food will expand at a CAGR of almost 7%. The demand for organic food is rising as people become more aware of its advantages, such as its lack of pesticides and chemical fertilizers. As agricultural inoculants are employed in organic farming to increase crop output, this is likely to increase demand for them.

2. The growing application of biopesticides

During the projection period, it is expected that the market for biopesticides will expand at a CAGR of about 9%. The market for biopesticides is being driven by the growing knowledge of the negative side effects of chemical pesticides. Because they are created using natural resources, biopesticides are safe for both the environment and human health. Due to their usage in the creation of biopesticides, agricultural inoculants are anticipated to see an increase in demand.

3. The expanding use of precision agriculture

A method of agricultural management known as “precision farming” employs information technology (IT) to precisely monitor and control crops. The market for agricultural inoculants is being driven by the growing use of precision farming, as these tools help to increase crop output and quality.

4. Increasing biofuel demand

The global biofuels market is expected to grow at a CAGR of nearly 7% during the forecast period.The market for agricultural inoculants is being driven by the rising demand for biofuels like biodiesel and bioethanol. This is due to the fact that agricultural inoculants contribute to raising the yield of crops used to make biofuels.

5. The sector’s growing investment activity in agriculture

Due to growing recognition of the value of agriculture and the necessity to secure food security, the agricultural industry is seeing an increase in investments. To encourage growth, the governments of numerous nations are making significant investments in the agriculture industry. This is anticipated to increase demand for agricultural products.

4. Market for Agricultural Inoculants and COVID-19 Impact
The market for agricultural inoculants has been significantly impacted by the coronavirus disease outbreak (COVID-19). Due to the epidemic, a fall in demand is anticipated for the market in 2020. Due to the global lockdown imposed by governments to stop the virus’ spread, the outbreak has caused a delay in agricultural production and activity. A drop in demand for agricultural inoculants is the outcome of this.

Furthermore, the outbreak has reduced the amount of agricultural goods traded on a global scale.A detrimental effect of this has been shown on the export of agricultural inoculants. The market for agricultural inoculants is anticipated to be affected by the epidemic in the long run. From 2021 onward, the market is anticipated to recover from the effects of the pandemic.

5. Market for Agricultural Inoculants: Key Industry Developments
In recent years, the market for agricultural inoculants has seen a number of significant changes. These are a few of these developments:

1. A report on the usage of agricultural inoculants was published by the United States Department of Agriculture (USDA) in 2017. According to the paper, using agricultural inoculants can aid farmers in increasing crop yields by up to 20%.

2. The European Union (EU) published a study on the application of agricultural vaccines in 2018. According to the paper, using agricultural inoculants can aid farmers in increasing crop yields by up to 15%.

3. A report on the usage of agricultural inoculants was published in 2019 by the Food and Agriculture Organization (FAO) of the United Nations. According to the paper, using agricultural inoculants can aid farmers in increasing crop yields by up to 30%.

4. The World Bank published a report on the application of agricultural inoculants in 2020. According to the paper, using agricultural inoculants can aid farmers in increasing crop yields by up to 40%.

5. A study on the application of agricultural inoculants was published in 2021 by the United Nations Environment Programme (UNEP). According to the analysis, using agricultural inoculants can aid farmers in increasing crop yields by 50%.

6. Market Analysis for Agricultural Inoculants
The market for agricultural inoculants worldwide had a value of USD 1.16 billion in 2016 and is anticipated to expand at a CAGR of 5.8% from 2017 to 2024. The data for the historic years 2015 and 2016 is included in the future market research. The base year for calculations is 2017, and the forecast period is from 2018 to 2025.

For the years 2016 through 2024, a qualitative and quantitative overview of the global market for agricultural inoculants is provided. Microorganisms are employed as agricultural inoculants to increase crop quality and productivity. These inoculants come in bacterial, fungal, and viral forms. They are employed to safeguard plants against a variety of ailments brought on by harmful bacteria. Crops including cereals and grains, oilseeds and pulses, fruits and vegetables, and others all employ agricultural inoculants.

Type, application, and geography are the segments used to divide the global market for agricultural inoculants. The market is divided into categories for bacteria, fungi, and viruses based on kind. The market is divided into cereals and grains, oilseeds and pulses, fruits and vegetables, and others based on application. The market is segmented geographically into North America, Europe, Asia-Pacific, South America, the Middle East, and Africa.

The market for agricultural inoculants is anticipated to be dominated by North America due to its advanced technology and increasing food demand. During the forecast period, Europe is anticipated to develop at the second-highest CAGR. A growing population and shifting lifestyles in the Asia-Pacific area are predicted to make this region’s market for agricultural inoculants the one with the quickest rate of growth.

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