Inoculants Market to be Dominated by Sustainable & Organic farming practices through 2028
Global Inoculants Market is expected to grow in the
forecast period 2024-2028 due to increasing demand for organic and
sustainable farming practices.
According to TechSci Research report, “Inoculants Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global
Inoculants Market is anticipated to upsurge at an impressive rate in the
forecast period 2024-2028. A significant factor
fueling the growth of the Global Inoculants Market
is increasing adoption of sustainable & organic farming practices.
Additionally, increasing demand for organic food as well as awareness about the
impact of hazardous pesticides and synthetic fertilizers on human health and
the environment further fuels the growth of Global Inoculants Market.
For instance, in September 2021,
Novozymes launched three powerful biological inoculant solutions which help
farmers to improve yield and fertility, and increase the application of
bio-based material.
Furthermore, the market is being
further stimulated by the growing demand for seed treatment, and the increasing
production of different crop seeds.
However, a lack of awareness
about technology can slow down market growth. Also, the lower shelf life of the
inoculants can further slowdown the market growth.
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TOC on the "Inoculants Market.”
Global Inoculants Market is segmented based on
type, microbes, crop type, form, and region.
Based on type, the market is categorized into agricultural inoculants and silage inoculants. Agricultural inoculants are expected to hold the largest market share
in the forecast period, 2024-2028. As they are emerging as a potential solution
to synchronize nutrient release as per the requirement of plants.
Based on the microbes, the market is divided into bacterial, fungal, and
others. Fungal is expected to hold the largest market share in the forecast
period, 2024-2028. As it helps plants to absorb phosphorus and other nutrients
for use.
Based on crop type, the market is fragmented
into oilseeds & pulses, cereals & grains, fruits & vegetables,
forage, and others. The cereals segment will experience
the highest market share during the forecast period, 2024-2028. This can be
attributed due to the increasing demand for cereals such as wheat, barley,
corn, and rice.
Based on form, the market is segregated into
liquid and dry. The liquid segment will experience the highest market
share during the forecast period, 2024-2028. As it is easy to inoculate, and
their application is practical when spraying on the crops.
Major companies operating in the Global Inoculants Market are:
- Corteva,
Inc.
- BASF SE
- Bayer AG
- Novozymes
A/S
- Cargill,
Incorporated (US)
- Koninklijke
DSM N.V.
- Chr. Hansen
Holding A/S
- Agrauxine
SA
- BIO-Cat Inc
- Kemin
Industries, Inc.
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“North America region is expected to grow at the highest rate during the
forecast period due to faster adoption of new technologies to increase crop
productivity. Additionally, increasing the practice of sustainable and organic
farming as well as large arable land creates lucrative opportunities for market
growth. Furthermore, in Asia Pacific, rising demand for growing knowledge of
bio-based products and their agricultural implications as well as the demand
for organic food create huge prospects of market growth during the forecast
period,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Inoculants Market- Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By
Type (Agricultural Inoculants, Silage Inoculants), By Microbe (Bacterial,
Fungal, Others), By Crop Type (Oilseeds & Pulses, Cereals & Grains,
Fruits & Vegetables, Forage, Others), By Form (Liquid, Dry), By Region and
Competition, has evaluated the future growth potential of
global Inoculants market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global
Inoculants Market.”
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