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Inoculant Market worth $2.37 billion by 2030, growing at a CAGR of 8.16% - Exclusive Report by 360iResearch
Inoculant Market | 360iResearch
The Global Inoculant Market to grow from USD 1.36 billion in 2023 to USD 2.37 billion by 2030, at a CAGR of 8.16%.
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Inoculants offer a natural and sustainable alternative to chemicals, as they can improve soil health, increase nutrient availability, and enhance plant productivity. Using inoculants reduce the environmental impact of agricultural practice by reducing the number of chemicals needed and promoting more sustainable farming practices. Inoculants are agricultural amendments that use beneficial rhizospheric or endophytic microbes to encourage plant health. Various government initiatives promote the adoption of inoculants to spread awareness of microbial inoculants globally. The growing application of agricultural inoculants on turf grass, soil quality, environmental concerns, and research studies on biodegradable fertilizers' effectiveness increase the utilization of inoculants. However, a lack of awareness among the farmers and growing legislation impede the adoption of inoculants. In addition, the emergence of sustainable agriculture through organic farming contributes to developing inoculants.
In North America, the adoption of inoculants is significantly increasing due to the faster adoption of new technologies to increase crop productivity while minimizing the adverse environmental impact. The cultivation of major inoculant-consuming crops, such as corn, soybean, and canola, in the U.S. and Canada, is set to accelerate the growth of inoculants in the North American region. Countries including Spain, Italy, and France are consumers of microbes as biofertilizers and biocontrol agents. The development of inoculants in the Asia-Pacific can be primarily attributed to the large area under organic agriculture, especially in countries including Australia, China, and India. Developing countries such as China, India, Malaysia, and Indonesia need microbial inoculants to sustain food security. Companies in Asia-Pacific are developing and producing bacterial and fungal inoculants in collaboration with palm plantations to create a new plantation system that cultivates crops while enriching the bacterial flora of the soil.
Market Segmentation & Coverage:
This research report categorizes the Inoculant Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Agricultural Inoculants and Silage Inoculants. The Agricultural Inoculants is further studied across Biocontrol Agents, Plant Resistance Stimulants, and Plant-Growth-Promoting Microorganisms. The Silage Inoculants is further studied across Heteofermentative and Homofermentative. The Agricultural Inoculants is projected to witness significant market share during forecast period.
Based on Microbe, market is studied across Bacterial and Fungal. The Fungal is projected to witness significant market share during forecast period.
Based on Form, market is studied across Liquid and Solid. The Liquid is projected to witness significant market share during forecast period.
Based on Crop Type, market is studied across Cereals & Grains, Forage, Fruits & Vegetables, and Oilseeds & Pulses. The Fruits & Vegetables is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Inoculant Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Inoculant Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Inoculant Market, highlighting leading vendors and their innovative profiles. These include Agrauxine By Lesaffre, Alosca Technologies, Arbico Organics, Archer Daniels Midland Company, BASF SE, Bayer AG, Bio-Cat, Bio-S.I. Technology, BioSafe Systems LLC, BrettYoung, Cargill, Incorporated, Corteva Agriscience, Down To Earth Distributors, Inc., Dynomyco Mycorrhizal Inoculant, Garden City Plastics, Groundwork BioAg, Growers' Goods, Helena Agri-Enterprises, LLC, Horticultural Alliance, Inc, Impello Biosciences, Indogulf BioAg LLC, Kemin Industries, Inc., Koninklijke DSM N.V., Lallemand Inc., MBFi Group, MPM Pvt. Ltd., New Edge Microbials Pty Ltd., Novozymes A/S, Nufarm Ltd., Pestell Nutrition Inc., Pharmgrade Inc., Phoenix Feeds & Nutrition, Pivot Bio, Precision Laboratories, LLC, Premier Tech Ltd., Pro Farm Group Inc., Provita Supplements GmbH, Queensland Agricultural Seeds Pty. Ltd., Reforestation Technologies International, Rizobacter, Smart World Organics, Soil Technologies Corp., Sumitomo Chemical Co., Ltd., Symborg, Inc., TeraGanix, Inc., Terramax, Inc., UPL, Verdesian Life Sciences, Xitebio Technologies Inc., and Yara.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Inoculant Market, by Type
7. Inoculant Market, by Microbe
8. Inoculant Market, by Form
9. Inoculant Market, by Crop Type
10. Americas Inoculant Market
11. Asia-Pacific Inoculant Market
12. Europe, Middle East & Africa Inoculant Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Inoculant Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Inoculant Market?
3. What is the competitive strategic window for opportunities in the Inoculant Market?
4. What are the technology trends and regulatory frameworks in the Inoculant Market?
5. What is the market share of the leading vendors in the Inoculant Market?
6. What modes and strategic moves are considered suitable for entering the Inoculant Market?
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