North America Microbial Soil Inoculants Market

North America Microbial Soil Inoculants Market Size (2024 to 2032)

The North America microbial soil inoculants market was valued at USD 165.31 million in 2023 and is anticipated to reach USD 180.52 million in 2024 from USD 365.01 million by 2032, growing at a CAGR of 9.2% from 2024 t0 2032. It captures 35% of the global market.

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

North America Microbial Soil Inoculants Market Drivers

The growth of this market is driven by the increase in demand of organic fertilizers in the agricultural sector. Secondary factors driving the market include rise in organic and environment-friendly farming practices, rise in demand of agricultural inoculants in developing countries like Asia-Pacific and promotion by the government agencies.Inadequate knowhow and availability coupled with physical constraints like 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.

The North America Microbial Soil Inoculants Market is segmented and sub-segmented into following categories.

North America Microbial Soil Inoculants Market By Type

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

Inoculants are utilized on a massive scale to improve the plant uptake of nutrients, improve the efficiency of crop production, and cater to the growing demand of organic agricultural products.

North America Microbial Soil Inoculants Market By Source

• Bacterial
  • Characteristics
    1. Nitrogen Fixation
    2. Phosphate Solubilization
    3. Sequestering Iron
    4. Modulating Phytohormone Levels
  • Types
    1. Rhizobacteria
    2. Phosphobacteria
    3. Azotobacter
    4. Others
• Fungal
  • Types
    1. Micorrhizal
    2. Trichoderma Spp
    3. others
• others

North America Microbial Soil Inoculants Market By Crop Type

• Cereals & grains
• Oilseeds & pulses
• Fruits & vegetables
• other crops

COUNTRY ANALYSIS

• US
• Canada

North America accounted for the largest share in agricultural inoculants market in 2014. Growth in the North America region is due to high rate of adoption of new technologies to increase the efficiency of crop production and minimize the cost of operations.

KEY MARKET PLAYERS

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. These are the market players that are dominating the North America microbial soil inoculants market.