Authored By: Sarah
11 Jul 2024

 Microbial Agricultural Inoculants Market Size to grow by USD 243.73 million between 2024-2028

According to a research report “ Microbial Agricultural Inoculants Market” by Type (Plant growth promoting micro-organisms, Biological pest control agents, Plant disease-resistance stimulants) Application (Seed inoculation, Soil inoculation, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 243.73 million, at a CAGR of  6.78% during the forecast period. The agricultural sector has historically relied on chemical inputs, such as fertilizers and pesticides, to enhance crop productivity and protect against pests. However, the use of these chemicals has raised concerns regarding their environmental and health implications. As the awareness of the negative consequences of chemically-intensive farming practices grows, there is a significant trend toward more sustainable farming methods. Microbial agricultural inoculants offer a promising alternative, as they promote soil health, reduce the need for synthetic fertilizers, and minimize the reliance on chemical pesticides. Soil degradation, nutrient runoff, and greenhouse gas emissions are major issues associated with chemical fertilizers, while chemical pesticides have been linked to environmental contamination and the emergence of pesticide-resistant pests. Governments, consumers, and farmers are increasingly seeking eco-friendly solutions to address these challenges, creating a favorable market environment for microbial agricultural inoculants.

Browse market data tables, figures, and in-depth TOC on “Microbial Agricultural Inoculants Market” by Type (Plant growth promoting micro-organisms, Biological pest control agents, Plant disease-resistance stimulants) Application (Seed inoculation, Soil inoculation, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Type, the Plant growth promoting micro-organisms segment is projected to dominate the market size in 2024

Microbial agricultural inoculants play a significant role in enhancing crop health and productivity through the process of seed inoculation. This business practice involves the direct application of beneficial microorganisms, such as nitrogen-fixing bacteria like Rhizobium species, to seeds prior to planting. For leguminous crops like soybeans, peas, and alfalfa, seed inoculation establishes a symbiotic relationship between the microorganisms and the growing plant. Rhizobium bacteria colonize the root nodules, converting atmospheric nitrogen into a usable form for the plant, thereby improving crop yield and nutritional value. Seed inoculation is an essential investment for farmers seeking to optimize their agricultural output.

By Application, Seed inoculation  segment is expected to hold the largest market size for the year 2024

In the global microbial agricultural inoculants market, plant growth-promoting microorganisms hold significant value. These microbes play a vital role in enhancing plant health and productivity by promoting nutrient uptake and fostering symbiotic relationships with plants. Notably, nitrogen-fixing bacteria, such as Rhizobium and Bradyrhizobium species, are key players in this category. These microorganisms form symbiotic relationships with leguminous plants like soybeans and peas, converting atmospheric nitrogen into a usable form through the process of nitrogen fixation. This sustainable and eco-friendly farming practice reduces the reliance on synthetic nitrogen fertilizers, thereby decreasing environmental pollution and contributing to sustainable agriculture.

North America is forecasted to hold the largest market size by region in 2024

The North American microbial agricultural inoculants market is currently dominated by the United States, driven by the increasing demand for organic farm produce and stringent regulations limiting the use of chemical fertilizers. The ban on chemical pesticides and fertilizers in Canada, particularly in the cultivation of cereals and grains, is further fueling market growth. The expanding organic food sector in North America, fueled by rising consumer preference and urbanization-induced higher household income, presents significant opportunities for market expansion. Keywords: Microbial Agricultural Inoculants, North America, Market Growth, Organic Farming, Regulations, Chemical Fertilizers, Cereals, Grains, Consumer Preference, Urbanization, Household Income.

The Microbial Agricultural Inoculants Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • AquaBella Organic Solutions LLC
  • BASF SE
  • Bayer AG
  • BIO CAT Inc.
  • Bioceres Crop Solutions Corp.
  • Corteva Inc.
  • Evogene Ltd.
  • Groundwork BioAg
  • Hello Nature Inc.
  • IAB Investigaciones y Aplicaciones Biotecnologicas
  • Imex Agro
  • Kemin Industries Inc.
  • Lallemand Inc.
  • Mycorrhizal Applications
  • New Edge Microbials Pty Ltd.
  • Novozymes AS
  • Premier Tech Ltd.
  • Queensland Agricultural Seeds
  • Soil Technologies Corp.
  • Verdesian Life Sciences LLC
.

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Research Analysis Overview

Microbial-based products have revolutionized agricultural practices, enhancing food security through innovative farming techniques. These products, which include soil and seed inoculants, are rich in beneficial microorganisms such as bacteria and fungi. Foliar application and seed coating are common methods of application, improving crop yields by establishing a symbiotic relationship between the crops and the inoculants. Soil inoculants enrich organic farmland by increasing soil fertility and promoting nutrient availability, reducing the need for chemical fertilizers. Seed inoculants, on the other hand, improve germination and early plant growth, leading to higher agricultural productivity. Microbial inoculants are not limited to cereals but also benefit commercial crops such as fruits and vegetables, pulses and oilseeds, grains and cereals, and even livestock feed grains. Farmers and agriculturists are increasingly adopting these inoculants for crop preservation and nutrition, leading to better quality produce and increased profitability. Bacterial inoculants, in particular, have gained popularity due to their ability to protect crops from diseases and pests, while fungal inoculants improve soil structure and nutrient cycling. Overall, microbial agricultural inoculants are a game-changer in modern farming, contributing to sustainable agriculture and food security.

Market Research Overview

The Microbial Agricultural Inoculants Market is a growing sector in the agricultural industry, driven by the increasing demand for sustainable farming practices and the need for food security. Farmers are turning to microbial-based products as an alternative to chemical fertilizers and pesticides, recognizing the symbiotic relationship between beneficial microorganisms and plant growth. Strain selection and product formulation are critical factors in the production of effective microbial inoculants. These products come in various forms, including seed coating, foliar application, and soil inoculants. Fungal and bacterial inoculants are commonly used for oil crops, cereals, vegetables, and legumes. Chemical inputs, such as herbicides, pesticides, and fertilizers, can negatively impact soil health and human health. Microbial inoculants offer organic solutions for crop nutrition and plant health improvement. Soil inoculants, such as those containing nitrogen-fixing bacteria like Bradyrhizobium japonicum, promote balanced plant nutrition and increase output. Seed inoculation with beneficial microorganisms can improve seedling nutrition and reduce the use of chemical fertilizers. Composite inoculants, which contain multiple strains, offer enhanced benefits. Fungal inoculants can improve soil fertility and reduce the environmental impact of farming. Microbial inoculants also offer benefits for livestock farming through the use of biopesticides, biocontrol agents, and compound feed. However, challenges such as lack of awareness, shelf life, and the presence of recalcitrant compounds in soils and toxic compounds in fertilizers can limit the market growth. The agricultural industry is shifting towards sustainable farming practices, and microbial inoculants offer a promising solution for improving agricultural productivity, protecting plant health, and reducing the environmental footprint. As the market for microbial inoculants continues to grow, novel formulations and applications will emerge, further enhancing their benefits for farmers, growing communities, and the environment.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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