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Inoculants Market Report 2023 - Demand, Share, Industry Trends And Forecast To 2032 | Corteva, BASF SE, Bayer AG, Novozymes, Verdesian Life Sciences
Inoculants Market
Inoculants Market Size, Growth Rate, And Forecast
The global inoculants market size is expected to grow from $1.05 billion in 2022 to $1.16 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global inoculants market size is expected to reach $1.65 billion in 2027 at a CAGR of 9.2%.
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Inoculants Market Drivers
The increasing use of organic farming is expected to propel the growth of the inoculants market going forward. Organic farming refers to an agricultural practice that makes use of biological pesticides and fertilizers manufactured from plant or animal waste.
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Inoculants Market Segments
1. By Type: Agricultural Inoculants, Silage Inoculants.
2. By Form: Dry, Liquid.
3. By Microbe: Bacterial, Fungal, Other Microbes.
4. By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And vegetables, Forage, Other Crop Types.
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Inoculants market.
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Inoculants Market Key Players
Major competitors in the inoculants market include Corteva, BASF SE, Bayer AG, Novozymes, Verdesian Life Sciences, BrettYoung, Queensland Agricultural Seeds, XiteBio Technologies Inc.
The Business Research Company's "Global Inoculants Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Inoculants Market Include:
1. Executive Summary
2. Inoculants Market Characteristics
3. Inoculants Market Trends And Strategies
4. Inoculants Market - Macro Economic Scenario
5. Inoculants Market Size And Growth
……
26. Africa Inoculants Market
27. Inoculants Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Inoculants Market
29. Inoculants Market Future Outlook and Potential Analysis
30. Appendix
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The inoculants market is predicted to grow due to the increased demand for genetically modified plants. These plants are biologically manipulated using recombinant DNA technology, which introduces specific DNA sequences into their genomes to generate new traits or attributes. Inoculants play a vital role in enhancing the productivity and sustainability of these genetically modified plants.…
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