Global Agricultural Inoculants Market

Agricultural Inoculants Market Size, Share, Growth Analysis, By Mode of Application(Seed Coating, Soil Application, Foliar Application), By Type(Bacterial, Fungal, Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15C2050 | Region: Global | Published Date: April, 2024
Pages: 184 | Tables: 63 | Figures: 77

Agricultural Inoculants Market Competitive Landscape

The global agricultural inoculants market is highly competitive, with several multinational and regional players operating in the industry. Key companies are investing in research and development activities to develop innovative products and expand their market presence. Partnerships, collaborations, and acquisitions are common strategies adopted by companies to strengthen their product portfolios and expand their distribution networks.

Agricultural Inoculants Market: Top Player’s Company Profiles

  • Bayer AG (Germany)
  • Syngenta AG (Switzerland)
  • Verdesian Life Sciences (United States)
  • Lallemand Inc. (Canada)
  • XiteBio Technologies Inc. (Canada)
  • Agrinos AS (Norway)
  • Koppert Biological Systems (Netherlands)
  • Valent BioSciences LLC (United States)
  • Terramax (United States)
  • Rizobacter Argentina S.A. (Argentina)
  • Advanced Biological Marketing (United States)
  • BioWorks Inc. (United States)
  • Precision Laboratories LLC (United States)
  • Italpollina S.p.A. (Italy)
  • Certis USA LLC (United States)
  • Groundwork BioAg Ltd. (Canada)
  • Qingdao Future Group (China)
  • Biostadt India Limited (India)
  • Mabitec AG (Germany)

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Global Agricultural Inoculants Market size was valued at USD 458.12 billion in billion and is poised to grow from USD 491.10 billion in 2023 to USD 856.51 Billion by 2031, at a CAGR of 7.2% during the forecast period (2024-2031).

The global agricultural inoculants market is highly competitive, with several multinational and regional players operating in the industry. Key companies are investing in research and development activities to develop innovative products and expand their market presence. Partnerships, collaborations, and acquisitions are common strategies adopted by companies to strengthen their product portfolios and expand their distribution networks. 'BASF SE (Germany)', 'Novozymes A/S (Denmark)', 'Bayer AG (Germany)', 'Cortiva Agriscience (United States)', 'Syngenta AG (Switzerland)', 'Verdesian Life Sciences (United States)', 'Lallemand Inc. (Canada)', 'XiteBio Technologies Inc. (Canada)', 'Agrinos AS (Norway)', 'Koppert Biological Systems (Netherlands)', 'Valent BioSciences LLC (United States)', 'Terramax (United States)', 'Rizobacter Argentina S.A. (Argentina)', 'Advanced Biological Marketing (United States)', 'BioWorks Inc. (United States)', 'Precision Laboratories LLC (United States)', 'Italpollina S.p.A. (Italy)', 'Certis USA LLC (United States)', 'Groundwork BioAg Ltd. (Canada)', 'Qingdao Future Group (China)', 'Biostadt India Limited (India)', 'Mabitec AG (Germany)'

The world's population is continuously increasing, leading to rising concerns about food security. Agricultural inoculants play a crucial role in improving crop productivity and yield, thereby addressing food security challenges. These products enhance nutrient availability, stimulate plant growth, and protect crops against diseases and pests. The need to meet the growing food demand is driving the adoption of agricultural inoculants.

Focus on Precision Agriculture: Precision agriculture practices, such as site-specific crop management and precision nutrient management, are becoming more prevalent. Agricultural inoculants play a crucial role in precision agriculture by delivering targeted solutions to specific crop varieties, soil types, and nutrient deficiencies. The integration of agricultural inoculants with precision agriculture techniques helps optimize resource utilization and maximize crop yields.

North America is expected to continue to lead during the projection period, with a value of USD 294.2 million in 2022. Agriculture inoculants are expected to expand faster in the North American region as a result of the cultivation of important inoculant-consuming crops including maize, soybeans, and canola in the U.S. and Canada. Furthermore, the market will expand due to the quicker adoption of innovative technologies that increase crop output while minimizing environmental harm.

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Global Agricultural Inoculants Market

Report ID: SQMIG15C2050

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