According to a research report published by Spherical Insights & Consulting, the Global Agricultural Inoculants Market Size Expected to Grow from USD 486.48 Billion in 2023 to USD 965.59 Billion by 2033, at a CAGR of 7.10% during the forecast period 2023-2033.

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Microorganisms known as agricultural inoculants are sprayed on plants or soil to increase crop productivity and health. The agriculture inoculants are sometimes referred to as soil inoculants or bioinoculants. Additionally, agriculture inoculants provide some advantages, such as biocontrol of pests and illnesses (biopesticides). Although rhizobia, which fixes nitrogen in the soil, is one soil inoculant that has been used successfully for a long time, the field results of many new products are inconsistent. Furthermore, Inoculants are widely used in agriculture for a variety of crops all over the world. Microbial agricultural inoculants assist in reducing the environmental impact of agrochemicals. Agricultural inoculants are in high demand due to the increased demand for organic food and growing worries about the use of chemical fertilizers and pesticides. However, agricultural inoculants are becoming more widely known, yet there is still a lack of information regarding their proper application, benefits, and methods.

Browse key industry insights spread across 230 pages with 150 Market data tables and figures & charts from the report on the Global Agricultural Inoculants Market Size, Share, and COVID-19 Impact Analysis, By Type (Bacterial Inoculants, Fungal Inoculants, and Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), By Application (Seed Coating, Soil Application, and Foliar Application), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The bacterial inoculants segment dominates the market with the highest market share through the forecast period.

Based on the type, the global agricultural inoculants market is divided into bacterial inoculants, fungal inoculants, and others. Among these, the bacterial inoculants segment dominates the market with the highest market share through the forecast period. Agriculture inoculants contain microbes that can fix nitrogen, solubilize phosphate, and produce growth hormones. The most prevalent kind of bacterial inoculant is rhizobia, a symbiotic relationship between bacteria and legume plants that fixes nitrogen from the atmosphere.

The cereals & grains segment is estimated to grow at the fastest CAGR growth through the forecast period.

Based on the crop type, the global agricultural inoculants market is divided into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Among these, the cereals & grains segment is estimated to grow at the fastest CAGR growth through the forecast period. The extensive use of inoculants for cereal crops including corn, wheat, and rice by a number of countries, including China, Brazil, Spain, and the United States, is driving the market’s growth. The United States is the country that produces the most wheat. Wheat is the third most important crop grown in the United States, after maize and soybeans.

The seed coating segment promoted to the highest revenue share through the forecast period.

Based on the application, the global agricultural inoculants market is divided into seed coating, soil application, and foliar application. Among these, the seed coating segment promoted to the largest revenue share through the forecast period. It is a simple and efficient way to administer inoculants

and guarantees that the inoculant gets into intimate contact with the seed. It involves coating seeds with an inoculant layer before planting. The inoculant will come into direct contact with the seed if this is done, and it may start to operate as soon as the seed is planted.

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North America is estimated to hold the highest share of the global agricultural inoculants market over the predicted timeframe.

North America is expected to hold the largest share of the global agricultural inoculants market over the predicted timeframe. In an effort to increase crop productivity and soil fertility, farmers are adopting new technologies as public settlements decline and agricultural growth accelerates. Because of its enormous amount of fertile land and creative farming techniques, the US dominates the global market for agricultural inoculants. As a result, the demand for and use of agricultural inoculants has increased in the area.

Europe is anticipated to grow at the fastest CAGR growth of the global agricultural inoculants market during the forecast period. The production of canola, corn, and soybeans in the UK and Germany is expected to accelerate the spread of agricultural inoculants across the European continent. Additionally, the faster adoption of cutting-edge technologies that boost crop productivity while reducing their detrimental environmental effects will contribute to the growth of the regional agricultural inoculants market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Major vendors in the Global Agricultural Inoculants Market are BASF SE, Novozymes A/S, Bayer AG, Cortiva Agriscience, Syngenta AG, Verdesian Life Sciences, Lallemand Inc., XiteBio Technologies Inc., Agrinos AS, Koppert Biological Systems, Valent BioSciences LLC, Terramax, Rizobacter Argentina S.A., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development 

• In December 2023, Rootella, Groundwork BioAg’s primary mycorrhizal inoculant, was authorized for sale in China, Argentina, and South Africa. Farmers now have more access to a climate-smart solution that enhances the health of their soil. In essence, it offers significant growth and impact options by increasing the company’s potential clientele by almost 677 million acres (274 million hectares) of harvested crops. 

• In November 2023, through the activities of its fully-owned subsidiary AMVAC Chemical Corporation, American Vanguard Corporation expanded its partnership with NewLeaf Symbiotics of St. Louis to include North America. Building on their initial agreement in late 2022, AMVAC and NewLeaf have worked together to deliver innovative biological solutions to several markets across the globe.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global agricultural inoculants market based on the below-mentioned segments:

Global Agricultural Inoculants Market, By Type

• Bacterial Inoculants
• Fungal Inoculants
• Others

Global Agricultural Inoculants Market, By Crop Type

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others

Global Agricultural Inoculants Market, By Application

• Seed Coating
• Soil Application
• Foliar Application

Global Agricultural Inoculants Market, By Regional 

• North America 
  • US
  • Canada
  • Mexico
• Europe 
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America 
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa 
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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