Agricultural Inoculants Market Size, Share & Trends Analysis Report, By Type (Biocontrol agents), By Crop Type (Grains & Cereals), By Microbes (Bacterial, Fungal), By Mode of Application, By Region, And Segment Forecasts, 2023 To 2030

Agricultural inoculants, also referred to as microbial and soil inoculants consist of beneficial microorganisms that stimulate plant growth. They facilitate nutrient delivery and disease suppression, thereby promoting plant growth. The ability of inoculants to form a symbiotic relationship for mutual benefits, act as biofertilizers, and provide necessary nutrients and minerals, increases their demand worldwide. The adoption of inoculants, which results in higher crop yields, is expected to drive market growth in the coming years.

In recent years, agricultural inoculants have drawn much attention as an alternative to chemical fertilizers, which are linked to environmental harm and unfavorable health effects. Microbial and soil inoculants contain beneficial microorganisms, which boost plant growth and control illnesses to increase agricultural output. As a result of the symbiotic interaction that develops between inoculants and plants, the overall quality and output of the products are improved.

Agriculture inoculants are becoming more widely recognized and used worldwide because of government initiatives to support sustainable agriculture practices. Because of this, farming methods have changed from conventional to organic, focusing on inoculants now being more important than ever. Farmers looking for environmentally friendly and sustainable alternatives to conventional farming practices may expect to see a further rise in the use of agricultural inoculants in the future. According to The Research Institute of Organic Agriculture’s worldwide survey on organic agriculture, reports an increase of 1.1 million hectares in organic farmland and a growth in organic retail sales. The increasing demand for organic solutions such as inoculants is driving investments in localized research, and the involvement of private and public sector in their production. The increased need for food brought on by a rise in human population is predicted to boost the market for agricultural inoculants. According to estimates from the UN Department of Economic and Social Affairs, the world's population will reach 9.8 billion by 2050.

The demand for agricultural inoculants in the North American region is significantly increasing owing to the growing production of essential crops, including maize, soybeans, and canola, in Canada and the U.S. The market in the region might continue to expand because of the quick uptake of innovative technologies that increase crop output while reducing environmental harm.

Agricultural Inoculants Market Segmentation

• By Type

  • Plant Growth-promoting Microorganisms

  • Biocontrol Agents

  • Plant-resistant Stimulants

• By Crop Type

  • Commercial Crops

  • Pulses & Oil Seeds

  • Grains & Cereals

  • Fruits & Vegetables

  • Others

• By Microbes

  • Bacterial

  • Fungal

  • Others

• By Mode of Application

  • Seed Inoculation

  • Soil Inoculation

  • Others

• By Region

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

  • Asia Pacific      

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • MEA (Middle East and Africa)  

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait

Key players

• Agrauxine by Lesaffre

• BASF SE

• Dow

• Bayer AG

• BrettYoung

• Novozymes

• Verdesian Life Sciences

• XiteBio Technologies Inc.

• Precision Laboratories, LLC

• Rhizobacter

• Premier Tech Ltd.