The growing utilization of agricultural inoculants as a significant soil amendment and crop protection substance is a crucial factor expected to boost the agricultural inoculants market revenue during the forecast period, states Fortune Business Insights in a report ,titled “Agricultural Inoculants Market Size, Share & Industry Analysis, By Type (Biocontrol Agents, Plant growth-promoting Microorganisms, Plant Resistant Stimulants) By Source (Bacterial, Fungal, Others), By Mode of Application (Soil Inoculation, Seed Inoculation, Others ) By Crop Type (Cereals, Pulses & oilseeds, Fruits & Vegetables, Others) and Regional Forecast, 2019-2026” the increasing awareness about the advantages of organic and sustainable farming among the farmers is predicted to spur new opportunities in the agricultural inoculants market size.
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Some of the Major Companies in the Global Agricultural Inoculants Market Include:
- Bayer CropScience
- BASF SE
- Advanced Biological Marketing, Inc.
- Novozymes AG
- Verdesian Life Sciences LLC
- Precision Laboratories LLC
- GreenMax AgroTech
- and BrettYoung.
The agricultural inoculants market report executes a PESTEL study and SWOT analysis to reveal the stability, restrictions, openings, and threats in the market. Combined with the market analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the market, and all articulated with geographical and merchandise segments. Moreover, it also shows different procedures and strategies, benefactors and dealers working in the market, explores components convincing market development, generation patterns, and following systems. Additionally, the figures and topics covered in this report are both all-inclusive and reliable for the readers.
Launch of RhiZoneV by AgriTec to Enable Speedy Market Expansion
The introduction of RhiZoneV soybean inoculant seed by RhiZoneV is predicted to augment the healthy growth of the market. For instance, in February 2019, AgriTec introduced RhiZoneV soybean inoculant seed lubricant containing Bradyrhizobium japonicum and Trichoderma virens. The product helps the root system to extract nutrients and water more efficiently from the soil. It will also aid the plant to grow in stressful conditions besides enabling to overcome soil environments at the soil surface. Furthermore, President, Jerry Miller, said in a statement, “This product ties into our goal, which is to pay attention to what’s going on beneath the soil surface, because more goes on beneath the soil surface than goes on above the soil surface.
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List of prominent companies that are operating in the global Agricultural Inoculants Market are:
- Meticulous research into the market drivers, trends, factors, and restraints;
- Detailed assessment of the market segments;
- 360-degree analysis of overall industry outlook;
- Projections of future prospects of the market; and
- In-depth evaluation of the regional and competitive dynamics characterizing the market.
It’s the biology that takes place down there – our goal is to complement that biology and support it. We want to work with Mother Nature and not against her.” Moreover, the announcement for the enlargement of the production facility in Saskatoon by BASF SE is likely to enhance the agricultural inoculants market share in the foreseeable future. For instance, in August 2017, BASF SE, one of the leading global chemical producer, announced the expansion of its production facility in Saskatoon, Canada, to scale up the production of biological inoculants. The company invested US$ 8 million in the expansion of the project. In addition, agricultural inoculants market trends also involve the increasing demand for organic foods in the developed as well as developing nations
However, low awareness about the significance of agricultural inoculants among farmers based in developing economies is likely to hinder the growth of the market. Additionally, the time-consuming formulation process of agricultural inoculants and various other complexities associated with it is predicted to dampen the growth of the market.
Major Segments includes:
- Biocontrol Agents
- Plant growth-promoting Microorganisms
- Plant Resistant Stimulants
Mode of Application
- Soil Inoculation
- Seed Inoculation
By Crop Type
- Pulses & oilseeds
- Fruits & Vegetables
High Demand for Organic Food to Boost Market in North America.
North America is expected to dominate the agricultural inoculants market during the forecast period owing to the development and adoption of advanced agricultural technologies in Canada and the U.S. The increasing demand for organic food is predicted to further enable the growth of the market in the forthcoming years. The growing requirement for effective and sustainable tools and technologies is predicted to aid the adoption of agricultural inoculants. Furthermore, the negative impact on crops due to fluctuating temperature, untimely rainfall, and severity of the climate in North America is expected to further create opportunities for the market and fuel demand for sustainable agricultural products such as microbial inoculants.
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