Market
Overview
Market Research
Future (MRFR) findings on the Global Agricultural Inoculants Market 2020 reveal
different factors that can impact the market across the review period 2023 –
2030. The Global Agricultural Inoculants Market can thrive at 10.13% CAGR in
the forecast period. The preference for organic foods is rising significantly,
influencing their demand.
This is
anticipated to drive the agriculture
inoculant market research report in the years to come. In addition, high investment in the
identification of organic molecules and the development of cost-effective right
formulation to enhance plant metabolism performance in a short span can support
the expansion of the agricultural inoculants market across the study period.
The high
traction of agricultural inoculants due to their benefits, such as better crop
yield, improved nutrient efficiency by minimizing loss and refining nutrient
uptake can support the expansion of the agriculture inoculant market across the
analysis period.
Market
Segment Analysis
The segment
assessment of the Agricultural inoculants market is done by crop type, source,
and application.
The type-based
segments of the agriculture inoculants market are oilseed & pulses, cereals
& grains, and fruits & vegetables among others. The surge in demand
cereals and grains can drive their cultivation across developing and developed
economies. This is expected to support the expansion of the agriculture
inoculant market through the review period. The cereals and grains segment can
earn high turnover for the global market in the years to come.
The source-based
segment of the agriculture inoculants market are bacterial, and fungal among
others. Bacterial inoculants can significantly boost agronomic efficiency as
they are likely to curb environmental pollution. This is accepted to support
the market. The affordable production costs of bacterial inoculants can also
impact the expansion of the market in the years to come. The hazardous effect
of chemical fertilizers can be made negligible by efficient inoculants.
The application-based
segments of the agriculture inoculants market are soil inoculation, and seed
inoculation among others. The soil inoculation segment can earn high profits
for the global market.
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Regional
Analysis
The agricultural
inoculants market trends are studied across North America, EU, and APAC. North
America agriculture inoculants market can experience gradual surge in its value
across the study period, states MRFR regional findings. The agricultural inoculants
market expansion is attributed to the expansion of population base, resulting
in escalation of demand for enhanced agricultural products. There are different
players that are actively focused on research & developments projects of
enhance agricultural solutions. These are creating the need for agricultural
inoculants across the analysis period. The presence of North American
regulations conforming of agricultural inoculants practise can also support the
regional market. The EU agricultural inoculant market is observed to hold a
huge growth potential and can thrive in the years to come. The rise in the
agricultural inoculant market can be driven due to an increase in per hectare
yield as the regional population surges, leading to a rise in demand for food.
In Asia Pacific, the increase in the consumption of grains and cereals across
the rising populace can impact the expansion of the regional market. In
addition, the surge of the e-commerce business can support the expansion of the
agriculture inoculant market in the years to come.
Key
Agricultural Inoculants Market Players:
·
Corteva Inc (U.S.)
·
BASF SE (Germany)
·
Bayer AG (Germany)
·
Novozymes A/S (Denmark)
·
Brettyoung (Canada)
·
Rizobacter Argentina S.A.
(Argentina)
·
Italpollina S.p.A. (Italy)
·
Advanced Biological
Marketing Inc. (U.S.)
·
Soil Technologies
Corporation (U.S.)
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