Microbial Agricultural Inoculants Market to increase by USD 243.73 million between 2023 to 2028, AquaBella Organic Solutions LLC, BASF SE, Bayer AG and more among key companies – Technavio

NEW YORK, Dec. 8, 2023 /PRNewswire/ — The microbial agricultural inoculants market size is expected to grow by USD 243.73 million from 2023 to 2028. In addition, the growth momentum of the market will progress at a CAGR of 6.78% during the forecast period, according to Technavio. Rising concerns over the use of chemical fertilizers and pesticides in agriculture are notably driving the microbial agricultural inoculants market. However, factors such as a lack of awareness of microbial agricultural inoculants among farmers may impede market growth. The market is segmented by Type (Plant growth promoting micro-organisms, Biological pest control agents, and Plant disease-resistance stimulants), Application (Seed inoculation, Soil inoculation, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). We provide a detailed analysis of 20 companies operating in the microbial agricultural inoculants market, 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., and Verdesian Life Sciences LLC. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a Sample Report.

Microbial Agricultural Inoculants Market 2024-2028: Company Analysis

BASF SE – The company offers microbial agricultural inoculants such as Poncho Votivo bio seeds made up of Bacillus microbial and Votivo prime made up of Bacillus firmus microbial, under its brand called BioSolutions.

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Microbial Agricultural Inoculants Market 2024-2028: Segmentation

Type

The plant growth promoting micro-organisms segment is significant during the forecast period. This segment represents a crucial category within the global microbial agricultural inoculants market. They contribute to improved soil fertility, reduced reliance on chemical inputs, and increased crop yields. This makes them a driving force in the global microbial agricultural inoculants market. For instance, Novozymes, one of the key vendors in the market, offers a range of BioAg products containing plant growth-promoting microorganisms, such as mycorrhizal fungi and beneficial bacteria. They are designed to enhance nutrient uptake, improve plant health, and boost crop productivity in a sustainable manner.Application (Seed inoculation, Soil inoculation, and Others).

Geography 

North America is a significant contributing region for the market growth with a contribution of 44% to the overall market growth during the forecast period. The US leads the regional market growth. The regional microbial agricultural inoculants market is led by factors including the growing demand for organic farm products and stringent regulatory guidelines on the use of chemical fertilizers in the region.Europe, APAC, South America, and Middle East and Africa.

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Microbial Agricultural Inoculants Market 2024-2028: Key Highlights

Historic Market Size 2018-2022CAGR of the market during 2024-2028Detailed information on factors that will assist microbial agricultural inoculants market growth during the next five yearsEstimation of the microbial agricultural inoculants market size and its contribution to the parent marketForecasts on upcoming trends and changes in consumer behaviorThe growth of the microbial agricultural inoculants marketAnalysis of the competitive landscape and detailed information on companiesComprehensive details of factors that will impede the growth of microbial agricultural inoculants market companies

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The agricultural adjuvant market size is estimated to grow at a CAGR of 5.66% between 2023 and 2028. The market size is forecast to increase by USD 1,218.62 million.The agricultural biologicals market size is forecast to increase by USD 10.45 billion between 2022 and 2027, accelerating at a CAGR of 14.24%. In 2017, the US held the largest market share, projecting an annual revenue of USD 1.99 billion.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Application

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio