According to a new market report published by Lucintel, the future of the inoculant market looks promising with opportunities in oilseeds & pulses, cereals & grains, fruits & vegetables, and forage farming. The global inoculant market is expected to grow with a CAGR of 7% from 2020 to 2025. The major driver for this market is the shift in the trend towards the adoption of organic and environmentally friendly farming practices.
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Inoculants are amalgam of substances for the application of the recommended type of bacteria to the seed or soil prior to planting. In this market, bacterial and fungal are the major microbes of inoculant. Lucintel forecasts that fungal inoculants will remain the largest microbe segment over the forecast period, as fungal inoculants help plants to absorb phosphorus and other nutrients for use.
Within this market, cereals & grains will remain the largest crop type segment over the forecast period due to increasing farming of wheat, corns, and soyabeans all over the globe.
North America will remain the largest region over the forecast period due to the presence of adequate organic agricultural land areas and emergence of the US as the largest producer of soybeans in the world.
Corteva, BASF, Bayer, Novozyme, Verdesian Life Sciences, Advanced Biological Marketing, BrettYoung, Precision Laboratories, Queensland Agricultural Seeds, and XiteBio Technologies are among the major suppliers in the global inoculant market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global inoculant market by type, microbe, crop type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Inoculant Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global inoculant market by type, microbe, crop type, and region as follows:
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Agricultural Inoculants
Silage Inoculants
By Microbe [Value ($ Million) shipment analysis for 2014 – 2025]:
By Crop Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Oilseeds & Pulses
Cereals & Grains
Fruits & Vegetables
Forage
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This more than 150-pages 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 visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.