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Agricultural Inoculants Market Size, Share Analysis to 2021, Leading Players-BASF SE, Bayer Crop Science, Verdesian Lifesciences, LLC, Brettyoung, Queensland Agricultural Seeds Pty. Ltd., E.I. Dupont De Nemours and Company, Novozymes A/S.
Agricultural Inoculants Market
Agricultural inoculants are increasingly being used as crop protection agents, soil amendments, and as bio- fertilizers. In many parts of the world, they are being used by farmers for sustainable agriculture. Agricultural inoculants are formulations containing one or more beneficial microorganism species that help in plant growth and development, directly or indirectly. These microorganisms consume several elements from soil as food sources and excrete these into more available materials for plants. Agricultural inoculants are gaining popularity because of their multi-functional benefits to plants in supportable agriculture.
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Agricultural Inoculants Market Drivers and Restraints:
Some of the factors that are fostering the market growth include more sponsorship by government agencies, growing advances in organic and environment friendly cultivation practices, and growing cost of raw materials such as pesticides, fertilizers, insecticides and other raw materials. There are several reasons for adopting organic farming such as growing health consciousness, environmental safety, soil health, and long-lasting agriculture sustainability. There are many ways to practice organic farming, using organic compost, manure, and agricultural inoculants. These inoculants play an important role in ensuring plant health, soil fertility, and agricultural sustainability. Agricultural inoculants contain living microorganisms and their strains, which are mixed with the soil or plant surfaces to provide natural protection, nutrient solubilizing, in turn, promoting plant growth. People have become aware of the harmful effects of the indiscriminate use of chemicals in agriculture. Hence, the “go organic” movement is slowly picking up in agricultural production and consumption. These types of initiatives are seen as very big driving forces for the growth of the agricultural inoculants market worldwide. Plant growth promoting microorganism’ segment is projected to dominate the global agricultural inoculants market, followed by bio control agents segment owing to rising demand for organic agricultural products.
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Agricultural Inoculants Market Geographical Segmentation:
The Agricultural Inoculants Market is geographically segmented into North America, Europe, Asia-Pacific, South America, Middle East and Africa. North America dominated the global agricultural inoculants market with a largest market share.
Key Players in this Agricultural Inoculants Market are:
BASF SE, Bayer Crop Science, Verdesian Lifesciences, LLC, Brettyoung, Queensland Agricultural Seeds Pty. Ltd., E.I. Dupont De Nemours and Company, Novozymes A/S, Advanced Biological Marketing Inc., Precision Laboratories, LLC and Xitebio Technologies Inc.In the North American region, the United States is the largest consumer and producer of all types of agricultural inoculants, followed by Canada, Mexico, and other countries.
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