Agricultural Inoculants Market Future Growth and Forecast with Significant Players Till 2030

Agricultural Inoculants Market Overview

The market size of the agricultural inoculants market is expected to hit 1546.9 million Dollars by the end of the year 2030. During the forecast period of 2022 to 2030, the agricultural inoculants market is expected to grow with a CAGR or Compound Annual Growth Rate of 10.13% according to expert analysts. Agricultural inoculants refer to microbial inoculants that contain microorganisms that are beneficial for crops. Inoculants are widely used in agricultural practices across the globe. They are essentially employed to improve the quality of crops and also increase the productivity of the agricultural efforts. They are natural, organic products that serve as fertilizers while also keeping pests under control. They enrich the soil with the required nutrients and promote healthy growth of the plants. Since all of these procedures are natural and organic, the consumers of food grown through agricultural inoculants are also at a safe and healthy position. They are less likely to get food-borne disease and will avail the complete nutrients of the food they consume. The growth of the agricultural inoculants market can be attributed to the rise seen in the demand for food that is produced organically in a world where chemical pesticides are used widely, and the health of consumers is a major concern. Especially after the Covid-19 pandemic, the market of agricultural inoculants has seen a surge because of the rising health consciousness among people and a personal need to build their immunity. These and several other factors are predicted to contribute to market growth in the years of the forecast period.

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Market Segmentation

The agricultural inoculants market can be segmented on three bases. These are segmentation by type of crop, application mode and type

• On the grounds of type of crop, the segments are Vegetables & Fruits, Pulses and Oilseeds, Grains & Cereals and Others. Out of these segments, the segment of Cereals has previously led the market share and will continue doing so in the projected period.
• On the grounds of application mode, the segments are seed inoculation and others. Out of these segments, the segment of seed treatment has previously led the market share and will continue doing so in the projected period.
• On the ground od type, the segments are frugal inoculants, bacterial inoculants and others. Out of these segments, the segment of bacterial inoculants has previously led the market share and will continue doing so in the projected period.

Regional Classification

On the basis of region, the segments are Europe, Africa, Latin America, Middle East and Asia Pacific. North America has led the market share previously and is expected to continue to dominate the Agricultural inoculants Market in the projected period of 2020 to 2030. This significant share in North America can be attributed to the presence of cultivation practices of crops that consume inoculants majorly.

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Industry News

There are many main players in the industry for agricultural inoculants. These include Verdesian Life Sciences LLC, Soil Technologies Corporation, Advanced Biological Marketing Inc., Italpollina S.p.A., Rizobacter Argentina S.A., Brettyoung, Novozymes A/S, Bayer AG, BASF SE and Corteva Inc.

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