Europe's microbial inoculation market was valued at USD 1295.97 million in 2023 and is anticipated to reach USD 1440.62 million in 2024 from USD 3357.62 million by 2032, growing at a CAGR of 11.16% from 2024 to 2032.
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 enrich the soil and provide immunity to the plants. By source, the market is divided into fungal and bacterial inoculants.
On the basis of geography, the market is analyzed under various regions namely
Some of the key participants in the microbial agricultural inoculants market include BASF S.E., E. I. Dupont De Nemours Company, Bayer Crop Science, Novozymes A/S, Verdesian Life Sciences LLC, Advanced Biological Marketing Inc., Brettyoung, Precison Laboratories LLC, Queensland Agricultural Seeds Pty Limited, Xitebio Technologies Incorporated.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region