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The global agricultural inoculants market was valued at US$ 427.5 Million in 2021.
We expect the global agricultural inoculants market to exhibit a CAGR of 7.5% during 2022-2027.
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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