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

In January 2024, the International Institute of Tropical Agriculture (IITA) inaugurated a pioneering initiative named "Making effective bio-inputs work for smallholder farmers in sub-Saharan Africa" (BioSSA), generously funded by the Bill & Melinda Gates Foundation. This project signifies the initial strategic partnership in Africa, with a mission to transform agriculture. It aims to empower smallholder farmers throughout the region by offering innovative bio-input solutions.

In December 2023, Groundwork BioAg® revealed that its primary mycorrhizal inoculant, Rootella®, has obtained approval for commercialization in China, Argentina, and South Africa. This development broadens access for farmers to a climate-smart solution aimed at enhancing plant and soil health. It effectively adds around 677 million acres (274 million hectares) of harvested cropland to the company's potential customer base, presenting significant opportunities for growth and impact.

In November 2023, American Vanguard® Corporation, operating through its wholly owned subsidiary AMVAC Chemical Corporation, has extended its partnership with NewLeaf Symbiotics® of St. Louis across North America. Building on their initial agreement from late 2022, AMVAC and NewLeaf will now work together to introduce innovative biological solutions to various markets globally. The expanded partnership will encompass distribution in Argentina, Brazil, Ukraine, and China, marking a significant expansion of their collaboration.