Latest News- Microbial Agricultural Inoculants Market: PGP micro-organisms is expected to lead the Type segment during 2025-2029

The Microbial Agricultural Inoculants Market is being driven by Rising concerns over use of chemical fertilizers and pesticides in agriculture

The Microbial Agricultural Inoculants Market is expected to grow at a CAGR of 7.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 303.2 million. The organic farming sector is experiencing significant growth in the agriculture industry, driven by increasing public consciousness regarding the health and environmental risks associated with conventional farming practices. In India, the government is actively promoting organic farming through initiatives such as the Paramparagat Krishi Vikas Yojana (PKVY) and Mission Organic Value Chain Development for North Eastern Region (MOVCDNER), aiming to add 6.5 lakh acres to the existing 59.12 lakh acres under organic farming as per the Participatory Guarantee System (PGS) and National Program for Organic Production (NPOP). This expansion underscores the market potential for microbial agricultural inoculants, essential for maintaining organic farming standards and improving crop productivity. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • PGP micro-organisms
  • Biological pest control agents
  • Plant disease-resistance stimulants
• Application
  • Seed inoculation
  • Soil inoculation
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising concerns over use of chemical fertilizers and pesticides in agriculture
• Increasing global demand for food
• Increasing government support for sustainable and eco-friendly agricultural practices

However, the market also witnesses some limitations, which are as follows:

• Lack of awareness of microbial agricultural inoculants among farmers
• Limited shelf life of microbial agricultural inoculants
• Reluctance of farmers to shift from existing farming practices involving chemical pesticides

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Market Scope in Microbial Agricultural Inoculants Market Research Report

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Research Analysis Overview

Microbial agricultural inoculants refer to products that contain beneficial bacteria and fungi for enhancing crop nutrition and protection. These inoculants are used for seed and soil application in various crops such as grains and cereals, pulses and oilseeds, commercial crops, fruits, and vegetables, as well as in compound feed and feed grains. They play a crucial role in crop preservation and farming techniques, particularly in organic farmland, by promoting symbiotic relationships between beneficial microorganisms and crops. The use of microbial-based products can lead to increased agricultural productivity, improved seed germination, higher crop yields, and better food security. Farmers, agriculturists, livestock, and the food industry all benefit from these inoculants, which can be applied through seed coating, foliar application, or soil inoculation. Microbial agricultural inoculants offer a sustainable alternative to chemical fertilizers and can help maintain a healthy ecosystem while increasing crop health and productivity.

Market Research Overview

The Microbial Agricultural Inoculants market is a significant segment within the broader Crop Nutrition and Crop Protection industries. Key players in this sector specialize in the production and distribution of bacteria and fungi-based inoculants for Seed and Soil application. These inoculants cater to various commercial crops, including Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, and Commercial Crops. The market's expansion is driven by the growing demand for alternative, eco-friendly solutions to Chemical inputs like Fertilizers and Pesticides. Technavio projects market growth due to the increasing number of product launches by key players, aiming to broaden their offerings and cater to diverse agricultural requirements.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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