What Does The Historic and Forecasted Growth For The Global Inoculants Market Look Like?
Expanding at a CAGR of 9.6%, the inoculants market will see a rise from $1.27 billion in 2024 to $1.39 billion in 2025. This impressive growth over the historic period is propelled by factors like increased agricultural practices, enhanced education and awareness, prevalent crop rotations, environmental issues and market competition.
The projected growth for the inoculants market size over the coming years is strong. By 2029, it is expected to attain $2.01 billion, representing a CAGR of 9.7%. This growth in the forecast period is influenced by factors such as looming climate change, government sustainability projects, investment in research and development, increasing consumer demand for sustainable agriculture, and precision agriculture. The market is likely to witness significant trends such as technological advancements, adoption of technology, crop-specific solutions, partnerships and collaborations, and sustainable practices.
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What Are The Key Drivers Of The Global Inoculants Market?
The inoculants market growth is expected to be influenced significantly by the rising need for genetically modified plants. Genetically modified plants, altered using recombinant DNA technology, are being adopted widely as they confer new traits or characteristics. Inoculants play a crucial role in improving the productivity and sustainability of these engineered plants. As eco-friendly and sustainable plant nutrient transporters, microbial inoculants can reduce the impacts of chemical inputs and augment the quality and quantity of farm products.
What Are The Main Segments Within The Global Inoculants Market?
– By Type: Agricultural Inoculants, Silage Inoculants
– By Form: Dry, Liquid
– By Microbe: Bacterial, Fungal, Other Microbes
– By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And vegetables, Forage, Other Crop Types
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Who Are The Major Players In The Global Inoculants Market?
Key players operating in the inoculants market include Corteva Inc., BASF SE, Bayer AG, Novozymes A/S, Verdesian Life Sciences LLC, BrettYoung seeds Limited, Queensland Agricultural Seeds, XiteBio Technologies Inc., Precision Laboratories LLC, Cargill Incorporated, Koninklijke DSM N.V., Kemin Industries Inc., Microbial Biological Fertilizers International (MBFi), Advanced Biological Marketing Inc., Archer Daniels Midland Company, Horticultural Alliance Inc., Syngenta AG, AquaBella Organics LLC, Dow Inc., Premier Tech, Bioceres Crop Solutions, Lesaffre, Lallemond Inc., Mapleton Agri Biotec Pty. Ltd., New Edge Microbials Pty. Ltd., T.Stanes & Company Limited, Bactolife A/S, Rhizobia Inoculants Inc., Symbionix Inc., TerraMax Inc.
What Are The Major Trends In The Global Inoculants Market?
Major companies in the inoculants market are focusing on developing advanced products with high concentrations of viable microorganisms to enhance nitrogen fixation in soybeans. For instance, in July 2024, Novonesis launched legumax plus, a biological inoculant based on bradyrhizobium japonicum. It simplifies transport and application while significantly enhancing nitrogen fixation in soybeans and other crops.
Which Region Dominates The Global Inoculants Market?
With North America being the largest region in 2024, Asia-Pacific is expected to emerge as the fastest-growing region in the inoculants market during the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Inoculants Market Report 2025 Offer?
Inoculants are live microorganisms that act as biological stimulants or biocontrol substances, providing beneficial effects on seed germination. The Inoculants Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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