Inoculants Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DAG222 | Last Updated On: Feb 05 2021 | No. of Pages: 180 | Available Formats

> Global Inoculants Market Expected to reach a high CAGR By 2027: DataM Intelligence

Global Inoculants Market is segmented By Type (Agricultural inoculants (Plant-Growth-Promoting Microorganisms, Biocontrol Agents, Plant-Resistant Stimulants, Others), Silage inoculants (Homofermentative, Heterofermentative, Others)), By Crop Type (Cereals & grains, Oilseeds & pulses, Fruits & vegetables, Forage, Others), By Microbes (Bacterial, Fungal, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview:

The Global Inoculants Market is expected to grow at a CAGR during the forecasting period (2020-2027).

Agricultural inoculants, also known as beneficial microorganisms, can be used in agriculture as soil and plant amendments. Various microorganisms are used in agriculture as plant growth promoters, nutrient providers, and plant-protecting natural elements. Agricultural inoculants are applied to improve plant nutrition and can also be used to promote plant growth by stimulating plant hormone production.

Market Dynamics:

The shift towards organic and environmentally friendly farming practices is driving the market.

The consumer demand for organically produced goods grows significantly, presenting opportunities to farmers worldwide. There has been a significant change in eating habits and preferences among people globally. In the US, organic food sales rose 5.9% in 2018 to reach USD 47.9 billion, according to the 2019 Organic Industry Survey released by the Organic Trade Association. Organic fruits & vegetables' sales made up 36% of all organic food sales in 2018, rising 5.6% to USD 17.4 billion. Organic fruit & vegetable sales accounted for nearly 15% of all US fruit & vegetable sales in 2018. According to an article published under the Agricultural and Processed Food Products Export Development Authority (APEDA), India was ranked ninth in terms of the world’s organic agricultural land. In terms of the total number of producers, it was first as per the 2018 data. In the same year, the country produced about 1.70 million tons (2017–18) of certified organic products, including food products, namely oilseeds, pulses, cereals & millets, fruits, and vegetables. Thus, countries such as the US and India are expected to be the key revenue generators in the global inoculants market.

The rise in organic farming practices has led to increased consumption of agricultural inoculants. Since agricultural inoculants comprise beneficial microorganisms that help improve the nutrient availability in soil, reduce inputs of chemical fertilizers, and promote sustainable agriculture, their use has also increased significantly in recent years.

Moreover, the increasing demand for food triggered by the increasing populations will drive the agricultural inoculants market. According to the UN Department of Economic and Social Affairs, the world population will reach approximately 8.1 billion in 2025. Thus, there is a global need for increased agricultural production, which can be met by adding inoculants to promote plant growth. However, along with the advantages of agricultural inoculants, certain factors, such as short shelf life, can hamper the market growth of the global inoculants market.

Market Segmentation:

The fungal segment is expected to be the fastest-growing segment with a CAGR of XX% during the forecast period.

Microbes have segmented the global inoculants market into bacterial, fungal, and others. The fungal segment is expected to grow with the highest CAGR of XX% during the forecast period. Fungal inoculants help plants to absorb phosphorus and other nutrients for use. Mycorrhizal fungi live in plant roots and are well-known for their ability to provide phosphorus to plants. The demand for fungal microbes is projected to increase in the coming years, with the rise in organic farming practices globally.

Based on crop type, the cereals & grains segment is estimated to account for the market's largest share in 2019. Cereals and grains include wheat, corn, barley, and rice crops. The US is a major wheat-producing country. According to the USDA, wheat ranks as the third majorly produced crop among the US field crops, following corn and soybean. Apart from this, Brazil is the largest corn producer and is also ranked among the top producers at a global level. According to the US Department of Agriculture’s World Agricultural Supply and Demand Estimates, its corn exports were 35 million MT during 2018-2019. It is the second-largest corn exporter at a global level, after the US.

Geographical Penetration:

North America is expected to dominate the global inoculants market.

By geography, North America is expected to dominate the global inoculants market in 2019, growing with a CAGR of xx% during the forecast period. North America is developing new agricultural technologies and successfully applying those in domestic farming systems. Most agricultural inoculants are used in oilseeds crops and maize. Hence, the demand for agricultural inoculants is expected to rise due to the faster adoption of new technologies to increase crop productivity while minimizing the negative impact on the environment. Considering the market potential of the inoculants in the region, companies are investing to gain a stronger foothold in the market and cater to the soaring demand. For instance, in 2017, BASF expanded its manufacturing facilities in Saskatoon for biological inoculants production. The company has invested approximately CAD 10 million ($8 million) in the expansion project.

Competitive Landscape:

The global inoculants market is highly fragmented, with key manufacturers such as Advanced Biological Marketing Inc., BASF SE, Bayer, BrettYoung, and Novozymes. Few international players having a diverse and expanding product portfolio occupy a higher market share, which can be attributed to their highly diversified product portfolios and the large number of acquisitions and agreements they are engaged in. The major players are also focusing on R&D activities, expansion of product portfolios, increasing their geographical presence, and aggressive acquisition strategies. For instance, Bayer launched the biological soybean inoculant, CTS 500, in Brazil in 2019.

COVID-19 Impact: Disruption in the supply chain has affected the market growth.

The worldwide crisis of COVID-19 lead to calls for action from a wide range of stakeholders, including manufacturers, vendors, distributors, and consumers. Decline in business for at least three months during 2020 coupled with lower demand from a few major markets has put pressure on inoculants manufacturers and vendors' profitability. The spread of COVID-19 across the globe has contributed to supply chain disturbances across agricultural ecosystems, including inoculants' demand. In the realistic scenario, it has been assumed that all 4 quarters of the financial year 2020 will see negative growth. Some recovery is expected by the first quarter of 2021, and the market might start picking momentum by the end of 2021. In this scenario, it has been assumed that COVID-19 will have a minimum impact from the first quarter of 2021.

Why Purchase the Report?

  • Understand the current market scenario and viability of global inoculants over the forecast period.
  • Visualize the composition of the global inoculants market in terms of type, crop type, and microbes to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the forecast period.
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings about the market

What do we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Excel data sheet with valuable data points of the global inoculants market – Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

  • Inoculants Manufacturers and Suppliers
  • Inoculants Suppliers/Buyers
  • Emerging Companies
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals

Related Topic’s

Bio Stimulants Market

Biocide Market

Food Additives Market

 

Table of Contents

  1. Inoculants Market -Scope and Methodology

    1. Research Methodology
    2. Scope of the Market
  2. Inoculants Market -Key Trends and Developments

  3. Inoculants Market – Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by Crop Type
    3. Market Snippet by Microbes
  4. Inoculants Market-Market Dynamics

    1. Market impacting factors
      1. Drivers
      2. Restraints
      3. Opportunities
    2. Impact analysis
  5. Inoculants Market – Industry Analysis

    1. Porter's five forces analysis
    2. Supply chain analysis
    3. Patent Analysis
    4. Regulatory Analysis
  6. Inoculants Market – By Type

    1. Introduction
      1. Market size analysis, and Y-o-Y growth analysis (%), By Type Segment
      2. Market attractiveness index, By Type Segment.
    2. Agricultural inoculants*
      1. Introduction
      2. Market size analysis, US$ million, 2018-2027 and Y-o-Y growth analysis (%), 2019-2027  
      3. Plant-Growth-Promoting Microorganisms
      4. Biocontrol Agents
      5. Plant-Resistant Stimulants
      6. Others
    3. Silage inoculants
      1. Homofermentative
      2. Heterofermentative
      3. Others
  7. Inoculants Market – By Crop Type

    1. Introduction
      1. Market size analysis, and Y-o-Y growth analysis (%), By Crop Type Segment
      2. Market attractiveness index, By Crop Type Segment.
    2. Cereals & grains*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2018-2027 And Y-O-Y Growth Analysis (%), 2019-2027  
    3. Oilseeds & pulses
    4. Fruits & vegetables
    5. Forage
    6. Others
  8. Global Inoculants Market – By Microbes

    1. Introduction
      1. Market size analysis, and Y-o-Y growth analysis (%), By Microbes Segment
      2. Market attractiveness index, By Microbes Segment.
    2. Bacterial*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2018-2027 And Y-O-Y Growth Analysis (%), 2019-2027  
    3. Fungal
    4. Others
  9. Global Inoculants Market – By Region

    1. Introduction
      1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key region-specific dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Microbes
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Microbes
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Microbes
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Microbes
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Microbes
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
  10. Global Inoculants Market – Competitive Landscape

    1. Competitive scenario
    2. Competitor strategy analysis
    3. Comparative type portfolio analysis
    4. Market positioning/share analysis
    5. Mergers and acquisitions analysis
  11. Company Profiles

    1. Corteva
      1. Company Overview
      2. Type Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. BASF
    3. Bayer
    4. Novozymes
    5. Verdesian Life Sciences
    6. Advanced Biological Marketing Inc.
    7. BrettYoung
    8. Precision Laboratories, LLC
    9. Queensland Agricultural Seeds Pty
    10. XiteBio Technologies Inc.
  12. Global Inoculants Market – Premium Insights

  13. Global Inoculants Market – DataM

    1. Appendix
    2. About us and services
    3. Contact us

List of Tables & Figures

List of Tables 

Table 1 Global Inoculants Market Value, By Type, 2019, 2023 & 2027 ($ Million)

Table 2 Global Inoculants Market Value, By Crop Type, 2019, 2023 & 2027 ($ Million)

Table 3 Global Inoculants Market Value, By Microbes, 2019, 2023 & 2027 ($ Million)

Table 4 Global Inoculants Market Value, By Region, 2019, 2023 & 2027 ($ Million)

Table 5 Global Inoculants Market Value, By Type, 2019, 2023 & 2027 ($ Million)

Table 6 Global Inoculants Market Value, By Type, 2018-2027 ($ Million)

Table 7 Global Inoculants Market Value, By Crop Type, 2019, 2023 & 2027 ($ Million)

Table 8 Global Inoculants Market Value, By Crop Type, 2018-2027 ($ Million)

Table 9 Global Inoculants Market Value, By Microbes, 2019, 2023 & 2027 ($ Million)

Table 10 Global Inoculants Market Value, By Microbes, 2018-2027 ($ Million)

Table 11 Global Inoculants Market Value, By Region, 2019, 2023 & 2027 ($ Million)

Table 12 Global Inoculants Market Value, By Region, 2018-2027 ($ Million)

Table 13 North America Inoculants Market Value, By Type, 2018-2027 ($ Million)

Table 14 North America Inoculants Market Value, By Crop Type, 2018-2027 ($ Million)

Table 15 North America Inoculants Market Value, By Microbes, 2018-2027 ($ Million)

Table 16 North America Inoculants Market Value, By Country, 2018-2027 ($ Million)

Table 17 South America Inoculants Market Value, By Type, 2018-2027 ($ Million)

Table 18 South America Inoculants Market Value, By Crop Type, 2018-2027 ($ Million)

Table 19 South America Inoculants Market Value, By Microbes, 2018-2027 ($ Million)

Table 20 South America Inoculants Market Value, By Country, 2018-2027 ($ Million)

Table 21 Europe Inoculants Market Value, By Type, 2018-2027 ($ Million)

Table 22 Europe Inoculants Market Value, By Crop Type, 2018-2027 ($ Million)

Table 23 Europe Inoculants Market Value, By Microbes, 2018-2027 ($ Million)

Table 24 Europe Inoculants Market Value, By Country, 2018-2027 ($ Million)

Table 25 Asia-Pacific Inoculants Market Value, By Type, 2018-2027 ($ Million)

Table 26 Asia-Pacific Inoculants Market Value, By Crop Type, 2018-2027 ($ Million)

Table 27 Asia-Pacific Inoculants Market Value, By Microbes, 2018-2027 ($ Million)

Table 28 Asia-Pacific Inoculants Market Value, By Country, 2018-2027 ($ Million)

Table 29 Middle East & Africa Inoculants Market Value, By Type, 2018-2027 ($ Million)

Table 30 Middle East & Africa Inoculants Market Value, By Crop Type, 2018-2027 ($ Million)

Table 31 the Middle East & Africa Inoculants Market Value, By Microbes, 2018-2027 ($ Million)

Table 32 Corteva: Overview

Table 33 Corteva: Product Portfolio

Table 34 Corteva: Key Developments

Table 35 Basf: Overview

Table 36 Basf: Product Portfolio

Table 37 Basf: Key Developments

Table 38 Bayer: Overview

Table 39 Bayer: Product Portfolio

Table 40 Bayer: Key Developments

Table 41 Novozymes: Overview

Table 42 Novozymes: Product Portfolio

Table 43 Novozymes: Key Developments

Table 44 Verdesian Life Sciences: Overview

Table 45 Verdesian Life Sciences: Product Portfolio

Table 46 Verdesian Life Sciences: Key Developments

Table 47 Advanced Biological Marketing Inc.: Overview

Table 48 Advanced Biological Marketing Inc.: Product Portfolio

Table 49 Advanced Biological Marketing Inc.: Key Developments

Table 50 Brettyoung: Overview

Table 51 Brettyoung: Product Portfolio

Table 52 Brettyoung: Key Developments

Table 53 Precision Laboratories, Llc: Overview

Table 54 Precision Laboratories, Llc: Product Portfolio

Table 55 Precision Laboratories, Llc: Key Developments

Table 56 Queensland Agricultural Seeds Pty: Overview

Table 57 Queensland Agricultural Seeds Pty: Product Portfolio

Table 58 Queensland Agricultural Seeds Pty: Key Developments

Table 59 Xitebio Technologies Inc.: Overview

Table 60 Xitebio Technologies Inc.: Product Portfolio

Table 61 Xitebio Technologies Inc.: Key Developments

 

List Of Figures

Figure 1  Global Inoculants Market Share, By Type, 2019 & 2027 (%)

Figure 2 Global Inoculants Market Share, By Crop Type, 2019 & 2027 (%)

Figure 3 Global Inoculants Market Share, By Microbes, 2019 & 2027 (%)

Figure 4 Global Inoculants Market Share, By Region, 2019 & 2027 (%)

Figure 5 Global Inoculants Market Value, 2018-2027 ($ Million)

Figure 6 Global Inoculants Market Y-O-Y Growth, By Type, 2019-2027 (%)

Figure 7 Agricultural Inoculants: Global Inoculants Market Value, 2018-2027 ($ Million)

Figure 8 Silage Inoculants: Global Inoculants Market Value, 2018-2027 ($ Million)

Figure 9 Global Inoculants Market Y-O-Y Growth, By Crop Type, 2019-2027 (%)

Figure 10 Cereals & Grains: Global Inoculants Market Value, 2018-2027 ($ Million)

Figure 11 Oilseeds & Pulses: Global Inoculants Market Value, 2018-2027 ($ Million)

Figure 12 Fruits & Vegetables: Global Inoculants Market Value, 2018-2027 ($ Million)

Figure 13 Forage: Global Inoculants Market Value, 2018-2027 ($ Million)

Figure 14 Others: Global Inoculants Market Value, 2018-2027 ($ Million)

Figure 15 Global Inoculants Market Y-O-Y Growth, By Microbes, 2019-2027 (%)

Figure 16 Bacterial: Global Inoculants Market Value, 2018-2027 ($ Million)

Figure 17 Fungal: Global Inoculants Market Value, 2018-2027 ($ Million)

Figure 18 Others: Global Inoculants Market Value, 2018-2027 ($ Million)

Figure 19 Global Inoculants Market Y-O-Y Growth, By Region, 2019-2027 (%)

Figure 20 North America Inoculants Market Value, 2018-2027 ($ Million)

Figure 21 North America Inoculants Market Share, By Type, 2019 & 2027 (%)

Figure 22 North America Inoculants Market Share, By Crop Type, 2019 & 2027 (%)

Figure 23 North America Inoculants Market Share, By Microbes, 2019 & 2027 (%)

Figure 24 North America Inoculants Market Share, By Country, 2019 & 2027 (%)

Figure 25 South America Inoculants Market Value, 2018-2027 ($ Million)

Figure 26 South America Inoculants Market Share, By Type, 2019 & 2027 (%)

Figure 27 South America Inoculants Market Share, By Crop Type, 2019 & 2027 (%)

Figure 28 South America Inoculants Market Share, By Microbes, 2019 & 2027 (%)

Figure 29 South America Inoculants Market Share, By Country, 2019 & 2027 (%)

Figure 30 Europe Inoculants Market Value, 2018-2027 ($ Million)

Figure 31 Europe Inoculants Market Share, By Type, 2019 & 2027 (%)

Figure 32 Europe Inoculants Market Share, By Crop Type, 2019 & 2027 (%)

Figure 33 Europe Inoculants Market Share, By Microbes, 2019 & 2027 (%)

Figure 34 Europe Inoculants Market Share, By Country, 2019 & 2027 (%)

Figure 35 Asia-Pacific Inoculants Market Value, 2018-2027 ($ Million)

Figure 36 Asia-Pacific Inoculants Market Share, By Type, 2019 & 2027 (%)

Figure 37 Asia-Pacific Inoculants Market Share, By Crop Type, 2019 & 2027 (%)

Figure 38 Asia-Pacific Inoculants Market Share, By Microbes, 2019 & 2027 (%)

Figure 39 Asia-Pacific Inoculants Market Share, By Country, 2019 & 2027 (%)

Figure 40 the Middle East & Africa Inoculants Market Value, 2018-2027 ($ Million)

Figure 41 the Middle East & Africa Inoculants Market Share, By Type, 2019 & 2027 (%)

Figure 42 the Middle East & Africa Inoculants Market Share, By Crop Type, 2019 & 2027 (%)

Figure 43 the Middle East & Africa Inoculants Market Share, By Microbes, 2019 & 2027 (%)

Figure 44 Corteva: Financials

Figure 45 Basf: Financials

Figure 46 Bayer: Financials

Figure 47 Novozymes: Financials

Figure 48 Verdesian Life Sciences: Financials

Figure 49 Advanced Biological Marketing Inc.: Financials

Figure 50 Brettyoung: Financials

Figure 51 Precision Laboratories, Llc: Financials

Figure 52 Queensland Agricultural Seeds Pty: Financials

Figure 53 Xitebio Technologies Inc.: Financials

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