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Description
Agricultural Inoculants Market size was valued at USD 3.54 billion in 2021, growing at a CAGR of 7.3% during the forecast period 2022-2028. Agricultural inoculants are also known as microbial inoculants and soil inoculants. Agricultural inoculation is the process of inoculating the beneficial micro-organisms such as bacteria, fungi and others to promote the plant health. Agricultural inoculants digest the soil mineral reserves and breaks down the residues to create plant available nutrients. Agricultural inoculants form the symbiotic relationship with the plant and soil for the mutual benefits, biofertilizers and provides nutrients and minerals that are beneficial for the plant growth. In March 2014, Bayer AG acquired Laboratorios BIAGRO S.A. through its subsidiary Bayer CropScience. This acquisition will adds on to the Bayer CropScience portfolio to strengthen its market position. Agricultural Inoculants Market report gives a comprehensive outlook on across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). This report on global market gives historical, current, and future market sizes (US$ Mn) of type of Inoculant, Source of Inoculate, Mode of Application, Crop Type and geographic regions. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
