Global Inoculants Market is anticipated
to grow significantly through 2028 due to the growing demand for organic and
sustainable farming practices. In 2020, Australia was ranked first with an
organic agricultural land area amounting to 35.69 million hectares.
Global Inoculants Market is expected to expand
during the projected period due to increasing demand for organic food products,
and the need for sustainable agricultural practices. Organic food is either created using raw
ingredients generated organically or cultivated using a natural agricultural
technique. The health advantages of consuming organic food are linked to their
increased popularity. Also,
organic foods are becoming more and more popular because of their lack of genetically
modified organisms (GMO), high vitamin content, lack of antibiotics and growth
hormones, low pesticide use, and improved environmental stability. As a result,
with greater public awareness, customers will soon replace all conventional
food items in their homes with organic food.
For instance, according to Agricultural
& Processed Food Products Export Development Authority (APEDA), in the
financial year of 2021-22, India produced around 3.4 million MT of certified
organic products which includes all varieties of food products namely oil
seeds, fiber, sugar cane, cereals & millets, cotton, pulses, aromatic &
medicinal plants, tea, coffee, fruits, spices, dry fruits, vegetables,
processed foods etc.
Inoculants are agricultural additives
that increase the beneficial microbial activity in the soil to enhance plant
development and productivity. These solutions include helpful microbes that
support plant growth, shield plants from hazardous infections, and assist them
in obtaining the nutrients they require from the soil. Therefore, the demand of
inoculants from various sectors lead to the growth of the market in the
upcoming years.
Rising environmental concerns regarding
the use of synthetic fertilizers & pesticides
Chemical pesticides and fertilizers are
employed in a variety of agricultural procedures to nourish crops and defend
them against damaging weeds, insects, and illnesses.
For instance, according to the Food and Agriculture
Organization (FAO), more than 4 million tonnes of pesticides were utilized for agricultural
purposes.
Furthermore, in 2021, the total global
demand for fertilizers is expected to reach around 181 million metric tonnes.
Serious concerns have been raised about
the health risks associated with occupational exposure to pesticides as well as
from residues in food and drinking water, even though pesticides are developed
through strict regulatory processes to function with reasonable certainty and
minimal impact on human health and the environment. These pesticides are
accumulated in the plant part, soil, air, water, and biota which ultimately leads
to the contamination of soil and water causing a threat to the environment.
For instance, according to the US Environmental
Protection Agency, pesticides have an adverse effect on health such as organophosphates
and carbamates affecting the nervous system, as well as the hormone or
endocrine system in the body.
Moreover, overuse of synthetic fertilizers
can cause soil acidification and soil crust, which lowers the amount of organic
matter, humus, and beneficial organisms in the soil, stunts plant development, change
the soil's pH, feeds pests, and triggers the release of greenhouse gases. The
soil's acidity lowers phosphate uptake by plants, increases the number of
detrimental ions present in the soil, and prevents plants from growing.
For instance, according to the United
Nations-backed Intergovernmental Science-Policy Platform on Biodiversity and
Ecosystem Services (IPBES) nutrient run-off from farms laced with synthetic
fertilizer has adversely affected land ecosystems.
Therefore, the implementation of alternative
cropping systems that are less dependent on pesticides and synthetic
fertilizers or the use of inoculants to fight against these adverse effects leads
to the growth of Global Inoculants Market
in the forecast period.
Growing Adoption
for Sustainable and Organic Farming
The trend in agricultural
methods is moving away from conventional farming towards organic farming. This
change can be ascribed to rising environmental awareness as well as worries
about soil health, environment safety, and agricultural sustainability.
For
instance, in 2023, according to the Research Institute of Organic Agriculture
(FiBL), the
area under organic cultivation expanded from 57.8 million hectares in 2016 to 76.4
million ha in 2021, with 187 nations engaging in organic agriculture. This demonstrates the
rising demand for organic remedies, such as inoculants, which has further
encouraged increased spending on locally focused research, the participation of
both public and private sectors in the production of these inoculants, the
establishment of efficient regulations, and the encouragement of environment
that is conducive to the expansion of the market.
Moreover, the excessive use
of fertilizers and pesticides in contemporary agriculture leads to serious
issues such as soil contamination, microbial imbalance, decreased soil
fertility and production, and the extinction of beneficial species and natural
biocontrol agents. In addition, the usage of inoculants has grown dramatically
in recent years because they include beneficial microorganisms that aid in
enhancing soil nutrient availability, lowering inputs of chemical fertilizers,
and promoting sustainable agriculture.
For
instance, in February 2023, Bio S.I. Technology provides organic and conventional
soil inoculant products to help rebuild soil naturally.
Also, the use of inoculants
has expanded due to the development of organic farming methods. Therefore, increasing
demand for sustainable and organic farming resulting in growing the demand of Global
Inoculants Market during the projected period.
Agricultural Inoculants will
be the Key Type
The use of excessive amounts
of artificial fertilizers, low levels of nutrients and moisture in the soils,
and rising environmental concerns are some of the main issues facing the
world's agricultural industry. Also, there is an increase in the demand for and
acceptance of organic farming as a kind of sustainable agriculture. An emerging
possibility for synchronizing nutrient delivery to meet plant needs is the use
of agricultural inoculants. Also, several government programs encourages the
use of inoculants to raise knowledge of microbial inoculants across the world.
For Instance, FERTIBIO, an Italian
group, uses biomaterials and microorganisms to develop new bio inoculants to
cultivate food and feed crops.
Additionally,
beneficial microorganisms, commonly referred to as agricultural inoculants, can
be added to soil and plants as fertilizers in agriculture. Many microorganisms
are employed in agriculture as natural factors protect plants and stimulate development.
Inoculants are used in agriculture to enhance plant nutrition. By encouraging
the synthesis of plant hormones, they can be employed to encourage plant
development.
For
instance, Imex Agro Company LLC has developed inoculants by the name of BIOSTIM
which is used for major agricultural crops.
Moreover, the
growth of the poultry sector, the rise in the use of silage as a feedstock for
the manufacturing of biofuels, and the acceleration of the cattle sector are
all driving the demand for silage inoculants fostering the expansion of the
inoculants market.
For
instance, Kemin
Industries produce Kem LAC HD, a water-soluble silage inoculant which is used
on a wide variety of forages chopped for ensiling.
All these
factors increase the demands of Global Inoculants market in the forecast years.
However, farmers in developing
countries are still unaware or vaguely aware of the advantages of inoculations.
Even though agricultural biologicals are thought to benefit crops and the
environment, some farmers in developing countries are seen as less effective
than those who use chemical inoculants. In addition, agriculture serves as a
key source of income for a sizable portion of the population in several nations.
Therefore, farmers are reluctant to take chances when growing their crops,
which restricts the usage of inoculants which results in restraining the growth
of market. Additionally, due to lower shelf life of the inoculants many distributors
in the developing nation are not willing to store and sell inoculants which
further slowdown the market growth.
Recent Developments
- In September 2022, Rizobacter, merge with Marrone
Bio-Innovations (MBI) for developing sustainable crop solutions worldwide.
- Kemin Industries Opened New Facilities in Mexico
in May 2022.
- In April 2022, Corteva started its first seed applied
technology center in Europe.
- BASF SE and AMVAC Chemical Corp mutually developed
a Rhizo-Flo soybean inoculant solution for SIMPAS-applied solutions in
March 2022.
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Market Segmentation
Global
Inoculants Market is segmented based on type, microbe, crop type, form, and region. Based on type, the market is categorized
into agricultural inoculants and silage inoculants.
Based on microbes, the market is divided into bacterial, fungal, and others. Based
on crop type, the market is fragmented into oilseeds & pulses, cereals
& grains, fruits & vegetables, forage, and others. Based on form, the
market is segregated into liquid and dry. Based on region, the market is divided
into North
America, Europe, Asia Pacific, South America, Middle East & Africa, and By
Company.
Company Profiles
Corteva, Inc., BASF SE, Bayer
AG, Novozymes A/S, Cargill, Incorporated (US), Koninklijke DSM N.V., Chr.
Hansen Holding A/S, Agrauxine SA, BIO-Cat Inc, Kemin Industries, Inc. are some
of the key players of the Global Inoculants Market.
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Attribute
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Details
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Base
Year
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2022
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Historic Data
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2018 – 2021
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|
Estimated
Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative
Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
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Report coverage
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Revenue forecast, company
share, competitive landscape, growth factors, and trends
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Segments
covered
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Type
Microbes
Crop Type
Form
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Regional scope
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North America, Europe,
Asia Pacific, South America, Middle East & Africa
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|
Country
scope
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United States; Mexico; Canada; France; Germany; United Kingdom; Spain;
Italy; China; India; South Korea; Japan; Australia; Brazil; Argentina; South
Africa; Saudi Arabia; UAE
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|
Key companies profiled
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Corteva, Inc., BASF SE,
Bayer AG, Novozymes A/S, Cargill, Incorporated (US), Koninklijke DSM N.V.,
Chr. Hansen Holding A/S, Agrauxine SA, BIO-Cat Inc, Kemin Industries, Inc.
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Customization
scope
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10% free report customization with purchase. Addition or alteration
to country, regional & segment scope.
|
|
Pricing and purchase options
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Avail customized purchase
options to meet your exact research needs. Explore purchase options
|
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Delivery
Format
|
PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, Global Inoculants market has been segmented
into the following categories, in addition to the industry trends, which have
also been detailed below:
- Inoculants Market, By Type:
- Agricultural
Inoculants
- Silage
Inoculants
- Inoculants Market, By Microbes:
- Inoculants Market, By Crop Type:
- Oilseeds & Pulses
- Cereals & Grains
- Fruits & Vegetables
- Forage
- Others
- Inoculants Market, By Form:
- Inoculants Market, By Application:
- Inoculants Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- France
- Germany
- United Kingdom
- Spain
- Italy
- Asia-Pacific
- China
- India
- South Korea
- Japan
- Australia
- South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive landscape
Company Profiles: Detailed analysis of the major companies in global Inoculants
market.
Available Customizations:
With the
given market data, TechSci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Global Inoculants Market is
an upcoming report to be released soon. If you wish an early delivery of this report
or want to confirm the date of release, please contact us at [email protected]