Inoculants Market Size Worth $2.49 Billion By 2032 | CAGR: 8.9%

The global inoculants market size is expected to reach USD 2.49 billion by 2032, according to a new study by Polaris Market Research. The report “Inoculants Market Share, Size, Trends, Industry Analysis Report, By Type (Silage inoculants, Agricultural inoculants); By Microbe; By Crop Type; By Form; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rhizobacteria, commonly used as inoculants, encompass nitrogen-fixing and phosphate-solubilizing bacteria alongside other root-associated beneficial bacteria, effectively enhancing the availability of key macronutrients like nitrogen and phosphorus for the host plant. These bacteria are commonly recognized as plant growth-promoting rhizobacteria (PGPR). When combined with other amendments, inoculation can further enhance soil conditions. An instance of this is the common practice of pairing arbuscular mycorrhizal inoculation with compost, which finds application in personal gardens, agricultural settings, and nurseries. Remarkably, this combination has shown its ability to promote microbial activities in soils impacted by mining operations.

The growing protein consumption by health-conscious consumers has bolstered the expansion of poultry meat production in developing nations, where poultry meat offers a nutritious, low-fat, and high-quality protein source. Increasing income levels have further driven the demand for poultry meat in these regions, resulting in the expansion of the poultry industry and a subsequent increase in the need for silage inoculants. Nevertheless, challenges such as limited awareness about inoculants among farmers in developing countries and the relatively shorter shelf life of agricultural inoculants are anticipated to pose obstacles to the Inoculants Market's growth during the forecast period.

Many farmers need more awareness or have limited knowledge regarding agricultural inoculants and their role in enhancing cost-effective yield sustainability. In numerous regions, farmers tend to perceive agricultural inoculants as having a slower, albeit positive, impact compared to chemical fertilizers. This low acceptance of agricultural inoculants is particularly prominent in various countries, including India and China, where the need for more awareness among farmers remains a significant obstacle to market growth.

Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below: https://www.polarismarketresearch.com/industry-analysis/inoculants-market/request-for-sample

Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective Inoculants devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for Inoculantss throughout the forecast period.

Inoculants Market Report Highlights

• In 2022, cereals and grains, encompassing corn, wheat, barley, and rice, secured the most substantial market share. The widespread utilization of inoculants in cereal crops such as corn, wheat, and rice in countries like the United States, China, Spain, and Brazil stands as a pivotal driver for market expansion. Notably, the United States, being the world's foremost wheat producer, regards wheat as its third most essential crop, following corn and soybeans.
• During the forecast period, the Bacterial segment held the dominant market share, signifying its primary preference among microorganisms. This segment extensively employs species or strains such as Azotobacter, Azospirillum, Bacillus spp., Pseudomonas, and Rhizobium in diverse applications, encompassing biofertilizers and biopesticides. Moreover, several companies are actively engaged in formulating combinations of bacterial species alongside other microorganisms to amplify plant growth.
• Over the forecast period, the Asia Pacific region is expected to take the lead in terms of revenue share within the global inoculants market. The market is experiencing growth in this region due to the rising adoption of sustainable agricultural practices and increasing awareness of the advantages of using inoculants in farming. Countries such as India and China, characterized by vast agricultural expanses and growing populations, are observing a substantial increase in the demand for inoculants. Additionally, the drive to implement modern farming methods and enhance crop yields further reinforces the demand for inoculants in this area.
• The global key market players include Advanced Biological Marketing, Inc., BASF SE, Bayer AG, BioWorks Inc., BrettYoung Seeds Limited, E. I. du Pont de Nemours and Company (DuPont), Lallemand Inc., Novozymes A/S, QualiTech Inc., XiteBio Technologies Inc.

Polaris Market Research has segmented the Inoculants market report based on type, microbe, crop type, form, and region:

Inoculants, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Silage inoculants
• Agricultural inoculants

Inoculants, Microbe Outlook (Revenue - USD Billion, 2019 - 2032)

• Fungal
• Bacterial Other Microbes

Inoculants, Crop Type Outlook (Revenue - USD Billion, 2019 - 2032)

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

Inoculants, Form Outlook (Revenue - USD Billion, 2019 - 2032)

• Dry
• Liquid

Inoculants, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Inoculants Market Report Scope