By: marketsandmarkets.com
Publishing Date: November 2014
Report Code: AGI 2960
Source
Agricultural inoculants are formulations containing one or more beneficial microorganism strains, (or species) which help in plant growth and development, directly or indirectly. These microorganisms consume several elements from soil as food sources and excrete these into more available materials for plants. Agricultural inoculants are gaining popularity because of their multi-functional benefits to plants in sustainable agriculture.
The agricultural inoculants market, in terms of value, is projected to reach $398.56 million by 2019, at a CAGR of around 9.5% from 2014. The growth of the agricultural inoculants market is primarily triggered by factors such as rise in cost and demand for chemical/mineral fertilizers & pesticides and increasing awareness about the organic farming practices. Even though there are number of products available in the market, the agricultural inoculants market is under-explored. Lack of awareness among the farmers and prevailing problems with in marketing and distribution are restricting the availability of inoculants at farm level and thus hindering the growth of the agricultural inoculants market.
Agricultural inoculants consumption and developments varies with the regionally grown crops such as soybean crop in the U.S., Brazil, and Argentina, pea and lentil crops in Canada, rice crop in India, China, Thailand, Philippines, and Vietnam. Latin America is projected to emerge as the fastest growing region and grow at a CAGR of ~10% from 2014 to 2019. Novozymes A/S (Denmark), BASF SE (Germany), DuPont (U.S.), and Advanced Biological Marketing, Inc. (U.S.) are the largest players in the global agricultural inoculants market.
Agricultural Inoculants Market Share (Value), by Region, 2013
Source: Expert Interviews and MarketsandMarkets Analysis
This report has estimated the size of the agricultural inoculants market in terms of value ($million). In this report, the market has broadly been segmented on the basis of type, source, crop type, modes of application, and region. Market drivers, restraints, opportunities, and challenges; and raw material and product price trends are discussed in detail. Share of the participants for the overall market has been discussed in detail. The market has grown significantly in the last few years and growth is projected to continue.
Scope of the report
This research report categorizes the agricultural inoculants market based on type, mode of application, crop type, application, and geographical market.
Based on type, the market has been segmented as follows:
- Plant growth promoting micro-organisms (PGPMs)
- Bio-control agents
- Plant resistance stimulants
Based on source, the market has been segmented as follows:
- Bacterial
- Fungal
- Others (including algae, virus, and protozoa)
Based on mode of application, the market has been segmented as follows:
- Seed inoculation
- Soil inoculation
- Others (including compost pit and plant surface application)
Based on crop type, the market has been segmented as follows:
- Cereals & grains
- Oilseeds & pulses
- Fruits & vegetables
- Others (including turf & ornamentals, plantation crops, fiber crops, and silage & forage crops)
Based on geography, the market has been segmented as follows:
- North America
- Europe
- Asia-Pacific
- Latin America
- RoW (The Middle East and Africa)
Topics
Species
