Agricultural Inoculants Market Report by Type (Plant Growth Promoting Microorganisms, Bio-Control Agents, Plant-Resistant Stimulants, and Others), Microbes (Bacteria, Fungi, and Others), Mode of Application (Seed Inoculation, Soil Inoculation, and Others), Form (Solid, Liquid, Granular, and Others), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), and Region 2023-2028
The global agricultural inoculants market size reached US$ 459.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 705.3 Million by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.
An agricultural inoculant, or soil inoculant, is a formulation of various microbial organisms, such as bacteria, fungi, protozoa, virus and algae, that are used to promote plant growth. It is either applied on the seed or added into the soil to improve plant nutrition, crop yield and prevent soil-borne diseases. It is also utilized to promote growth in plants by stimulating the production of plant hormones and enhancing mineral uptake. Inoculants are environment-friendly and can be used as a potential alternative to chemical fertilizers and pesticides for cereals, grains, oilseeds, fruits, vegetables and silage and forage crops.
The growing agriculture industry, along with the increasing adoption of organic farming practices, represent as the key factors driving the market growth. Owing to the growing concerns for agricultural sustainability, soil health and environmental safety, agricultural inoculants are rapidly being used along with organic manure to improve soil fertility and plant health. Furthermore, increasing consumer awareness regarding adverse effects of chemically synthesized fertilizers and pesticides is also providing a boost to the market growth. The artificial additives are known to cause microbial imbalance, soil pollution and reduce the levels of biocontrol agents in the soil. As a result, there is a growing preference for agricultural inoculants that provide natural protection to the plants and soil. Additionally, the rising demand for food as a result of the increasing population, coupled with the limited availability of cultivable land, is another factor favoring the market growth. Agricultural inoculants aid in increasing crop yield, thus meeting the steadily rising food demand across the globe. Other factors, including various innovations in the field of agricultural sciences and the implementation of favorable government policies, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global agricultural inoculants market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, microbes, mode of application, form and crop type.
Breakup by Type:
Plant Growth Promoting Microorganisms
Breakup by Microbes:
Breakup by Mode of Application:
Breakup by Form:
Breakup by Crop Type:
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Breakup by Region:
Middle East and Africa
United Arab Emirates
The competitive landscape of the industry has also been examined with some of the key players being Advanced Biological Marketing Inc., BASF SE, Dow Chemical Company, Bayer Crop Science, Brettyoung, Novozymes A/S, Verdesian Life Sciences LLC, XiteBio Technologies Inc., Precision Laboratories LLC, etc.
Base Year of the Analysis
Type, Microbes, Mode of Application, Form, Crop Type,Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Argentina, Colombia, Chile, Peru, Turkey, Saudi Arabia, Iran, United Arab Emirates
Advanced Biological Marketing Inc., BASF SE, Dow Chemical Company, Bayer Crop Science, Brettyoung, Novozymes A/S, Verdesian Life Sciences LLC, XiteBio Technologies Inc. and Precision Laboratories LLC
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Key Questions Answered in This Report
The global agricultural inoculants market was valued at US$ 459.6 Million in 2022.
We expect the global agricultural inoculants market to exhibit a CAGR of 7.1% during 2023-2028.
The increasing consumer awareness towards the adverse effects of chemically synthesized fertilizers and pesticides, along with the rising demand for safe products to provide natural protection to plants and soil, is primarily driving the global agricultural inoculants market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary halt in numerous harvesting activities, thereby limiting the demand for agricultural inoculants.
Based on the type, the global agricultural inoculants market can be segmented into plant growth promoting microorganisms, bio-control agents, plant-resistant stimulants, and others. Currently, plant growth promoting microorganisms hold the majority of the total market share.
Based on the microbes, the global agricultural inoculants market has been divided into bacteria, fungi, and others, where bacteria currently exhibits a clear dominance in the market.
Based on the mode of application, the global agricultural inoculants market can be categorized into seed inoculation, soil inoculation, and others. Currently, seed inoculation accounts for the majority of the global market share.
Based on the form, the global agricultural inoculants market has been segregated into solid, liquid, granular, and others. Among these, liquid inoculants currently hold the largest market share.
Based on the crop type, the global agricultural inoculants market can be bifurcated into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Currently, cereals & grains exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global agricultural inoculants market include Advanced Biological Marketing Inc., BASF SE, Dow Chemical Company, Bayer Crop Science, Brettyoung, Novozymes A/S, Verdesian Life Sciences LLC, XiteBio Technologies Inc., Precision Laboratories LLC, etc.
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