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Agricultural Inoculants Market to Reach $1,939.9 Million by 2027; Increasing Adoption of Organic Farming Methods to Augment Growth

February 08, 2021 | Agriculture

The global agricultural inoculants market size is set to reach USD 1,939.9 million by 2027. The adoption of organic farming due to rising concerns regarding the overuse of chemical pesticides is driving the market, says Fortune Business Insights™ in its report, titled, “Agricultural Inoculants Market Size, Share & COVID-19 Impact Analysis, By Microbe (Fungal, Bacterial, and Others), By Crop Type (Cereals, Oilseeds & Pulses, Fruits & Vegetables), Application Method (Seed, Soil, and Others), Regional Forecast, 2020 – 2027.” As per the report findings, the market value stood at USD 867.6 million in 2019, and it is estimated to register a CAGR of 10.6% from 2020 to 2027.


Stoller do Brasil Launches New Inoculant MASTERfix L Dual Force


In October 2020, Stoller do Brasil, a subsidiary of Stoller Group, launched MASTERfix L Dual Force, its new inoculant product. The product has been recently approved by the Ministry of Agriculture, Livestock, and Supply (MAPA). It provides more crop yield compared to traditional inoculants. For instance, as per the research conducted by Stroller, the usage of MASTERfix L Dual Force delivered an average increment of 3.9 bags per hectare compared to Bradyrhizobium spp. In addition, the frequency of the yield was recorded at 84% in 19 different locations.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/segmentation/agricultural-inoculants-market-101615


Increasing Inclination of Growers toward Organic Farming to Drive Growth


Increasing adoption of organic farming by growers worldwide due to rising awareness of the harmful effects caused by chemical pesticides is driving the agricultural inoculants market growth. For instance, as per the report published by the Research Institute of Organic Agriculture, the land used for organic farming increased from 2.0 million hectares in 2017 to 71.5 million hectares in 2018. However, limited awareness of the product among the farmers in developing countries is estimated to hinder the market growth.


Key Players to Focus on Offering Comprehensive Product Line to Gain Prominence


Key players operating in the global market for agricultural inoculants are focusing on expanding their product portfolio. Most of them are embarking on launching a comprehensive product line. This will help them gain prominence over other players. For instance, In August 2020, Stoller Argentina S.A., a subsidiary of Stoller Group, launched a package with three integrated solutions, which includes an inoculant, a fungicide, and a biostimulant.


Industry Development



  • In August 2020, Lallemand Plant Care Canada launched LALFIX PROYIELD LIQUID SOYBEAN, a new inoculant that combines two unique strains of nitrogen-fixing bacteria.

  • In August 2017, BASF SE expanded its manufacturing facilities in Saskatoon, Canada for the production of biological inoculants.


A List of Key Manufacturers Operating in the Market for Agricultural Inoculants:



  • Bayer AG (Leverkusen, Germany)

  • BASF SE (Ludwigshafen, Germany)

  • Corteva (Delaware, United States)

  • Isagro S.p.a. (Milan Italy)

  • Lallemand Inc. (Ontario, Canada)

  • Rizobacter (Pergamino, Argentina)

  • Stoller Group (Texas, United States)

  • Verdesian Life Sciences (North Carolina, United States)

  • KALO (Kansas, United States)

  • Advanced Biological Marketing Inc. (Ohio, United States)

  • Others


Further Report Findings:



  • Based on crop type, the cereals segment is anticipated to dominate the global market with 40.76% share in 2019. The high application of inoculants on cereals crops, such as corn, wheat, and rice, is a major factor driving the segment.

  • Based on region, North America is set to lead the global market share for agricultural inoculants. The market value stood at USD 294.2 million share in 2019. Increasing adoption of cutting-edge technology in order to increase the crop yield and quantity is estimated to drive growth in the region.


Table of Segmentation














































  ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Million)



By Crop Type




  • Cereals

  • Oilseeds & Pulses

  • Fruits & Vegetables

  • Others



By Microbe




  • Bacterial

  • Fungal

  • Others



By Application Method




  • Seed Treatment

  • Soil Treatment

  • Others



By Geography




  • North America (By Crop Type, Microbe, Application Method, and By Country)

    • The U.S. (By Crop Type, Microbe, Application Method, and By Country)

    • Canada (By Crop Type, Microbe, Application Method, and By Country)

    • Mexico (By Crop Type, Microbe, Application Method, and By Country)



  • Europe (By Crop Type, Microbe, Application Method, and By Country)

    • France (By Crop Type, Microbe, Application Method, and By Country)

    • Spain (By Crop Type, Microbe, Application Method, and By Country)

    • Italy (By Crop Type, Microbe, Application Method, and By Country)

    • Germany (By Crop Type, Microbe, Application Method, and By Country)

    • The U.K. (By Crop Type, Microbe, Application Method, and By Country)

    • Rest of Europe (By Crop Type, Microbe, Application Method, and By Country)



  • Asia Pacific (By Crop Type, Microbe, Application Method, and By Country)

    • China (By Crop Type, Microbe, Application Method, and By Country)

    • Australia (By Crop Type, Microbe, Application Method, and By Country)

    • Japan (By Crop Type, Microbe, Application Method, and By Country)

    • India (By Crop Type, Microbe, Application Method, and By Country)

    • Rest of Asia Pacific (By Crop Type, Microbe, Application Method, and By Country)



  • South America (By Crop Type, Microbe, Application Method, and By Country)

    • Argentina (By Crop Type, Microbe, Application Method, and By Country)

    • Brazil (By Crop Type, Microbe, Application Method, and By Country)

    • Rest of South America (By Crop Type, Microbe, Application Method, and By Country)



  • The Middle East and Africa (By Crop Type, Microbe, Application Method, and By Country)

    • South Africa (By Crop Type, Microbe, Application Method, and By Country)

    • Rest of ME&A (By Crop Type, Microbe, Application Method, and By Country)




Global Agricultural Inoculants Market
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  • 2019
  • 2016-2018
  • 200

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