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Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....
Inoculant Market: By Type, By Microbes, By Crop Type, By Form, and Region
The inoculant market was valued at US$ 1,739.3 million in 2023 and is expected to grow at a CAGR of 6.8% over the forecast period (2024-2030). The market is propelled by the rising requirement for environmentally friendly farming methods and the desire to boost crop yields without using excessive amounts of chemical fertilizers. Because inoculants can improve soil health and encourage nitrogen fixation, particularly in legume crops, farmers are using them more and more.
The expansion of eco-friendly agriculture techniques and organic farming is another factor driving the industry. However, low knowledge among farmers in underdeveloped nations and uneven outcomes in varying soil types and climates impede market development. The creation of more sophisticated inoculants suited to certain crops and geographical areas presents opportunities. Growing studies on microbial inoculants and an emphasis on biotechnology developments to improve soil fertility and crop yield are two important themes.
The inoculant market share is inclusive of several companies such as Corteva Agriscience (US), BASF SE (Germany), Bayer AG (Germany), Novozymes A/S (Denmark), Cargill, Incorporated (US), Archer Daniels Midland Company (US), DSM (Netherlands), Chr. Hansen Holding A/S (Denmark), Lallemand Inc. (Canada), Kemin Industries, Inc (US), Verdesian Life Sciences (US), BIO-CAT (US), Microbial Biological Fertilizers International (South Africa), Agrauxine (US), Provita Supplements GmbH (Germany), NeuGen Biologicals Pvt Ltd (India), Precision Laboratories, LLC (US), Queensland Agricultural Seeds (Australia), XiteBio Technologies Inc. (Canada), Terramax, Inc. (US), Soil Technologies Corporation (US), Horticultural Alliance, LCC. (US), and Agri Life (India)
By Type: Agricultural inoculants are the most common type in the inoculant market. Agricultural inoculants are crucial for boosting nutrient absorption, strengthening soil health, and raising crop yields. One example of an inoculant used for this purpose is nitrogen fixation in legume crops. These inoculants are extensively used in organic and sustainable farming systems, which is consistent with the global trend toward environmentally benign farming practices. The demand for agricultural inoculants is larger because of their crucial role in crop output and overall farm productivity, even though silage inoculants are significant in animal farming for enhancing feed quality and fermentation.
By Microbes: Bacterial inoculants are the most common kind in the market because they are widely used to increase soil fertility and stimulate plant development, especially in nitrogen fixation. Legume crops are frequently treated with bacteria like Rhizobium and Azospirillum to improve nitrogen absorption, which is essential for raising yields without using chemical fertilizers. Compared to fungal inoculants, these bacterial inoculants are more adaptable as they work well in a range of crops and soil conditions. Fungal inoculants predominate because of their proven efficacy and wider applicability, while mycorrhizae and other fungi are becoming more and more well-known for their ability to promote root development and nutrient absorption.
By Crop Type: Due to the importance of cereal crops for global agriculture and the strong need for long-term production increase, Cereal crops (rice, wheat, and corn) are frequently the most common crop type in the market. Without largely depending on artificial fertilizers, farmers can increase grain yield by using bacterial inoculants, especially ones that fix nitrogen. Cereal crops are a major target for inoculant treatments since they occupy a large amount of agricultural area and greatly contribute to global food security. Although inoculants are also widely used for Legume crops (such as soybeans and peas), particularly for nitrogen fixation, cereals are the most widely adopted because of their size, economic significance, and the requirement for improved soil health and crop yield.
By Form: Liquid inoculants are the most widely used type in the market because of their increased microbial viability, longer shelf life, and simplicity of application. Better adherence to seeds and soil is made possible by liquid formulations, which results in more successful inoculation. Additionally, they are more readily absorbed by crops, which improves soil health and fosters plant development. Although granular inoculants and powder are also utilized, especially for ease of use in specific machinery or application techniques, liquid inoculants are the preferred choice for large-scale agricultural operations because of their greater efficiency, versatility, and compatibility with a wide range of crops and soil types.
Study Period
2024-2030Base Year
2023CAGR
6.8%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The market for inoculants is mainly driven by the growing need for more crop yields and sustainable farming methods. Increased nitrogen fixation in legume crops is one way that inoculants offer a natural solution to improve soil health, which is appealing to farmers looking for environmentally responsible substitutes for artificial fertilizers. The use of inoculants is being aided by the increased emphasis on enhancing soil fertility while minimizing negative environmental effects. The market is further stimulated by the growth of organic farming, which is fueled by customer demand for products free of chemicals. The market is expanding as a result of a growing understanding of the long-term advantages of inoculants in enhancing crop resilience and lowering the demand for synthetic inputs.
The inoculant market is confronted with several obstacles, notwithstanding the increasing need for eco-friendly solutions. One significant issue is that farmers, particularly those in underdeveloped nations, often lack knowledge about the advantages of using inoculants correctly. Inconsistent outcomes may arise from the inoculants' varying efficacy based on crop type, climate, and soil conditions. Their lack of uniformity prevents them from being widely used. Furthermore, in some areas, inadequate distribution networks and storage facilities may make products harder to find. The creation of increasingly sophisticated inoculants comes with high upfront costs that limit market expansion. These expenses also affect research and development.
Significant growth potential exists in the market, particularly in light of recent biotechnology developments. Promising prospects arise from the growing body of research on microbial inoculants and their ability to enhance certain crop yields, as well as customized solutions for varying soil types and climates. Opportunities for market development arise from the growing demand for organic and environmentally friendly products brought about by sustainable agriculture. More farmers can be drawn in by creating novel inoculant formulations that have better stability and longer shelf life under a range of environmental circumstances. Growing agricultural demands can be satisfied with the introduction of inoculants in emerging markets, particularly in Asia-Pacific and Africa.
The growing emphasis on microbial inoculant research and development that enhances crop yield and soil health is one of the major trends in the market. The need for inoculants suited to certain crops and climatic circumstances is being driven by the emergence of precision agriculture and sophisticated agricultural methods. The increasing use of inoculants in organic and regenerative farming methods, which reduce the need for chemical inputs, is another noteworthy development. The development of multifunctional inoculants that can improve nutritional intake, disease resistance, and stress tolerance is being facilitated by biotechnological breakthroughs. Furthermore, granular and liquid formulations are becoming more popular in the market since they provide superior application and storage alternatives.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 1,739.3 million |
Market CAGR |
6.8% |
By Type |
|
By Microbes |
|
By Crop Type |
|
By Form |
|
By Region |
|
The inoculant market is anticipated to develop significantly because of the growing need for improved crop yields without the use of chemical fertilizers and the growing desire for sustainable farming methods. Because inoculants may enhance soil health and encourage nitrogen fixation, especially in legume crops, farmers are using them more and more. Market development may be hampered, nevertheless, by issues including low knowledge in emerging nations and inconsistent efficacy under various circumstances. There are prospects for creating sophisticated, customized inoculant compositions. In general, the industry is positioned for future expansion as it moves toward biotechnology developments and an increasing emphasis on environmentally friendly agricultural methods.
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The inoculant market was valued at US$ 1,739.3 million in 2023 and is expected to grow at a CAGR of 6.8% over the forecast period (2024-2030).
• The need for sustainable farming methods is growing.
• The desire to increase agricultural yields without using too many artificial fertilizers is growing. .
• Improved nitrogen fixation and soil health, especially for legume crops. .
• Growth in organic farming and growing customer desire for produce free of chemicals. .
• Concentrate on the study and creation of microbial inoculants. .
• Increasing use of inoculants in regenerative and organic farming. .
• Biotechnology breakthroughs for customized inoculant treatments. .
• For better application, move toward liquid and granular formulations. .
Corteva Agriscience (US), BASF SE (Germany), Bayer AG (Germany), Novozymes A/S (Denmark), Cargill, Incorporated (US), Archer Daniels Midland Company (US), DSM (Netherlands), Chr. Hansen Holding A/S (Denmark), Lallemand Inc. (Canada), Kemin Industries, Inc (US), Verdesian Life Sciences (US), BIO-CAT (US), Microbial Biological Fertilizers International (South Africa), Agrauxine (US), Provita Supplements GmbH (Germany), NeuGen Biologicals Pvt Ltd (India), are the key companies in the inoculant market.
The key segments covered in the research report are type, microbes, crop type, form, and region.
1.Executive Summary |
2.Global Inoculant Market Introduction |
2.1.Global Inoculant Market - Taxonomy |
2.2.Global Inoculant Market - Definitions |
2.2.1.Type |
2.2.2.Disclosure |
2.2.3.Voltage |
2.2.4.End Users |
2.2.5.Region |
3.Global Inoculant Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Inoculant Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Inoculant Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Silage inoculants |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Agricultural inoculants |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6.Global Inoculant Market By Disclosure, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Fungal |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Bacterial |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Others |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7.Global Inoculant Market By Voltage, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Cereals & grains |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Oilseeds & pulses |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Fruits & vegetables |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Forage |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Other |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.Global Inoculant Market By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Dry |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Liquid |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
9.Global Inoculant Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10.North America Inoculant Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Silage inoculants |
10.1.2.Agricultural inoculants |
10.2. Disclosure Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Fungal |
10.2.2.Bacterial |
10.2.3.Others |
10.3. Voltage Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Cereals & grains |
10.3.2.Oilseeds & pulses |
10.3.3.Fruits & vegetables |
10.3.4.Forage |
10.3.5.Other |
10.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Dry |
10.4.2.Liquid |
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11.Europe Inoculant Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Silage inoculants |
11.1.2.Agricultural inoculants |
11.2. Disclosure Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Fungal |
11.2.2.Bacterial |
11.2.3.Others |
11.3. Voltage Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Cereals & grains |
11.3.2.Oilseeds & pulses |
11.3.3.Fruits & vegetables |
11.3.4.Forage |
11.3.5.Other |
11.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Dry |
11.4.2.Liquid |
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
12.Asia Pacific (APAC) Inoculant Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Silage inoculants |
12.1.2.Agricultural inoculants |
12.2. Disclosure Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Fungal |
12.2.2.Bacterial |
12.2.3.Others |
12.3. Voltage Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Cereals & grains |
12.3.2.Oilseeds & pulses |
12.3.3.Fruits & vegetables |
12.3.4.Forage |
12.3.5.Other |
12.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Dry |
12.4.2.Liquid |
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13.Middle East and Africa (MEA) Inoculant Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Silage inoculants |
13.1.2.Agricultural inoculants |
13.2. Disclosure Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Fungal |
13.2.2.Bacterial |
13.2.3.Others |
13.3. Voltage Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Cereals & grains |
13.3.2.Oilseeds & pulses |
13.3.3.Fruits & vegetables |
13.3.4.Forage |
13.3.5.Other |
13.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Dry |
13.4.2.Liquid |
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14.Latin America Inoculant Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
14.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Silage inoculants |
14.1.2.Agricultural inoculants |
14.2. Disclosure Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Fungal |
14.2.2.Bacterial |
14.2.3.Others |
14.3. Voltage Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Cereals & grains |
14.3.2.Oilseeds & pulses |
14.3.3.Fruits & vegetables |
14.3.4.Forage |
14.3.5.Other |
14.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Dry |
14.4.2.Liquid |
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.Corteva Agriscience |
15.2.2.BASF SE |
15.2.3.Bayer AG |
15.2.4.Novozymes A/S |
15.2.5.Cargill, Incorporated |
15.2.6.Archer Daniels Midland Company |
15.2.7.DSM |
15.2.8.Chr. Hansen Holding A/S |
15.2.9.Lallemand Inc. |
15.2.10.Kemin Industries, Inc |
15.2.11.Verdesian Life Sciences |
15.2.12.BIO-CAT |
15.2.13.Microbial Biological Fertilizers International |
15.2.14.Agrauxine |
15.2.15.Provita Supplements GmbH |
16. Research Methodology |
17. Appendix and Abbreviations |
Key Market Players