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Global Agricultural Inoculants Market Trends and Opportunity Analysis to 2021

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Global Agricultural Inoculants Market Trends and Opportunity Analysis to 2021

November 24
19:45 2018

Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on the gamut of sectors across the globe.
The report on “ Global Agricultural Inoculants Market ” helps you to understand the market size, share, growth, trends, major companies performance data and market opportunities.

Agricultural Inoculants Market Overview:

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 biocontrol agents segment owing to the 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 the 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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