According to a new market report by Lucintel, the future of the agricultural inoculant market looks promising with opportunities in the seed and soil inoculation markets. The agricultural inoculant market is expected to grow with a CAGR of 10% from 2019 to 2024. The major drivers for this market are an increase in organic and environment-friendly farming practices and promotion by government agencies.
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In this market, plant growth promoting microorganisms (PGPMS), bio-control agents, and plant-resistance stimulants are the major type of agriculture inoculant. On the basis of comprehensive research, PGPMS will remain the largest market over the forecast period.
Within the agriculture inoculant market, seed inoculant and soil inoculant are the major mode of application. Bacterial and fungal are the main source of agriculture inoculant.
North America will remain the largest region by value due to development of new agricultural technologies and successful application of those in domestic farming systems.
BASF, DuPont, Bayer, Novazymes, Verdesian, Stoller, Bio-Soja, Calister, Leading Bio-Agri, ABM, Alosca Technologies, Microquimica, KALO, and Hua Long Technical are among the major manufacturers of agricultural inoculants.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the agricultural inoculant market by mode of application, type, crop type, and region. Lucintel has prepared a comprehensive research report titled "Agricultural Inoculant Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the agricultural inoculant market by type, crop type, mode of application, and region as follows:
By Type [$M shipment analysis for 2013 – 2024]:
Plant Growth Promoting Microorganisms (PGPMs)
Bio-Control Agents
Plant-resistant Stimulants
By Source [$M shipment analysis for 2013 – 2024]:
Bacterial
Fungal
Others (algae, virus, and protozoa)
By Crop Type [$M shipment analysis for 2013 – 2024]:
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Other Crops
By Mode of Application [$M shipment analysis for 2013 – 2024]:
Seed Inoculation
Soil Inoculation
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Germany
France
U.K.
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Indonesia
Rest of Asia Pacific
ROW
Brazil
Argentina
Saudi Arabia
Others
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/agricultural-inoculant-market.aspx or helpdesk@lucintel.com.
About Lucintel
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