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

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).

Agricultural practises, agriculture inoculants are becoming more generally known and utilised on a global scale. Farming techniques have shifted from conventional to organic, placing a greater emphasis than ever on inoculants. Farmers looking for sustainable and ecologically friendly alternatives to conventional farming methods may anticipate seeing a further increase in the use of agricultural inoculants in the future.

The Research Institute of Organic Agriculture reported an increase of 1.1 million hectares in organic farmland and a rise in organic retail sales in its global survey on organic agriculture. Investments in locally focused research and the participation of the public and private sectors in their production are being driven by the rising need for organic solutions like inoculants.

The market for agricultural inoculants is anticipated to grow as a result of the increased demand for food caused by a growth in the human population. By 2050, the world's population is predicted to reach 9.8 billion people, according to projections from the UN Department of Economic and Social Affairs. As an alternative to chemical fertilisers, which have been linked to environmental damage and unfavourable health impacts, agricultural inoculants have garnered a lot of attention. Beneficial microorganisms are present in microbial and soil inoculants, which promote plant development and reduce disease to raise agricultural output.

The general quality and output of the goods are enhanced as a result of the symbiotic relationship that forms between inoculants and plants. In the upcoming years, market expansion is anticipated to be driven by inoculant use, which boosts crop yields.

US Agricultural Inoculants Market is poised to grow at sustainable CAGR for the next forecast year.