Europe Microbial Inoculation Market was worth USD xx billion in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026. Inoculants are added to the soil for better growth of the plant and to increase agricultural productivity. They are beneficial for plant nutrition and its growth. It also helps in the aggregation and stabilization of soil.
The rising demand for organic fertilizers is driving the microbial inoculants market. Organic farming helps improve soil quality and controls diseases and pests which are likely to affect plant growth. The rise in the cost of agrochemicals and its negative effect on crops is further driving the market. However, there is a lack of awareness regarding the benefits of microbial inoculants which is restraining the market growth during the forecast period.
The market for Microbial Inoculation is broadly categorized into type, source, application, and crop type. By type, the market is divided into plant growth-promoting microorganisms, biocontrol agents, and stimulants. Plant growth-promoting microorganisms are leading the market as they help in enriching the soil and provide immunity to the plant. By source, the market is divided into fungal and bacterial inoculants.
On the basis of geography, the market is analyzed under various regions namely
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