Microbial Soil Inoculants Market

Global Microbial Soil Inoculants Market Size (2024 to 2032)

The global microbial soil inoculants market was expected to reach 542 million in 2023 and is anticipated to reach USD 593.53 million in 2024 from USD 1226.67 million by 2032, growing at a CAGR of 9.5% from 2024 to 2032.

CURRENT SCENARIO OF THE GLOBAL MICROBIAL SOIL INOCULANTS MARKET

Microbial agricultural inoculants are customized formulations for soils or seeds to improve plant health and raise agricultural productivity.  Microbial agricultural inoculants, also called soil inoculants, are beneficial for plant growth and nutrition. The use of microbial agricultural inoculants enhances plant growth, suppresses diseases increases the yield, and also protects the environment. For better productivity in crops, microbial agricultural inoculants focus on the symbiotic rhizobia that is used for the establishment of nitrogen-fixing symbiosis with the legumes. Microbial agricultural inoculants also play an important role in the aggregation of soil and also stabilize the soil.

MARKET DRIVERS 

The growth of this market is driven by the increase in demand for organic fertilizers in the agricultural sector. Secondary factors driving the market include a rise in organic and environment-friendly farming practices, a rise in demand for agricultural inoculants in developing countries like Asia-Pacific, and promotion by government agencies. Inadequate know-how and availability coupled with physical constraints like the relatively low shelf life of agricultural inoculants are the primary constraints for the market. Shoddy infrastructure, inadequate storage facilities, and hefty transportation costs are challenges for market growth.

REPORT COVERAGE

SEGMENTAL ANALYSIS

North America accounted for the largest share of the agricultural inoculants market in 2018. Growth in the North American region is due to a high rate of adoption of new technologies to increase the efficiency of crop production and minimize the cost of operations. The Latin American region is projected to be the fastest-growing market due to the commercialized cultivation of corn and soybean crops. Asia Pacific has considerable potential for the development of the microbial agricultural inoculants market with vital contributors being China, India, and Japan inter alia.

KEY PLAYERS IN THE GLOBAL MICROBIAL INOCULANTS MARKET

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. Some of the market players dominate the global microbial inoculants market.

DETAILED SEGMENTATION OF THE GLOBAL MICROBIAL INOCULANTS MARKET INCLUDED IN THIS REPORT

This research report on the global inoculants market is segmented and sub-segmented based on Type, Source, Crop Type, and Region.

By Type:

• Plant growth-promoting microorganisms (PGPMs),
• Bio-control agents
• Plant-resistance stimulants

By Source:

• Bacterial
• Fungal
• Others

By Crop Type:

• Cereals & grains
• Oilseeds & pulses
• Fruits & vegetables
• Crops

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa