Agricultural Inoculant Market Scope
An agricultural inoculant composition used as a seed, plant, foliar spray, field spray, and compost inoculant. The agricultural inoculant composition includes both a peat humus base composition having predetermined quantities of peat moss, leather meal, granite meal, Calcium Phosphate, tobacco meal, animal manure, kelp, greensand, liquid seaweed, and bacterial inoculant. Additionally, a liquid seaweed base composition is mixed with the peat humus base composition and the liquid seaweed base composition includes a combination of liquid seaweed, carbohydrates and polysaccharides, vitamins, as well as liquid alfalfa. The agricultural inoculant has been found to increase both the quality and yield of various types of plant products when such is used either as a seed or plant inoculant.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Bayer CropSciences (Germany), BASF SE (Germany), Brettyoung (Canada), Novozymes A/S (Denmark), E.I. Dupont De Nemours and Company (United States), Advanced Biological Marketing Inc. (United States), Precision Laboratories, LLC (United States), Queensland Agricultural Seeds Pty. Ltd. (Australia), Verdesian Lifesciences, LLC (United States) and Xitebio Technologies Inc. (Canada) |
CAGR | % |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Agricultural Inoculant market throughout the predicted period.
Bayer CropSciences (Germany), BASF SE (Germany), Brettyoung (Canada), Novozymes A/S (Denmark), E.I. Dupont De Nemours and Company (United States), Advanced Biological Marketing Inc. (United States), Precision Laboratories, LLC (United States), Queensland Agricultural Seeds Pty. Ltd. (Australia), Verdesian Lifesciences, LLC (United States) and Xitebio Technologies Inc. (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are TerraMax, Inc. (United States) and Corteva Agriscience (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Agricultural Inoculant market by Type and Region with country level break-up.
On the basis of geography, the market of Agricultural Inoculant has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In 2021, Manna Pro Products announced the acquisition of ZuPreem, a premium manufacturer of nutrition products for companion birds, small mammals and zoo animals. This added to Manna Pro’s existing pet nutrition portfolio including Bullymake, which it acquired in January 2021; Doggie Dailies, acquired in 2020; Hero Pet Brands, acquired in 2019; and VetScience LLC, the producer of Fruitables natural dog treats and supplements, acquired in May 2018.
In 2021,Vetoquinol has launched eight different products within the Animal health supplements category and obtained approval for three veterinary pharmaceutical drugs of which one is already launched and promoted in and the companion animal health market.
Influencing Trend:
Technological Advancements in Farming Practices
Market Growth Drivers:
Increasing Adoption of Organic Farming Practices and Governments Initiatives in Promoting Biocontrol Products
Challenges:
Lack of Awareness and Availability of Agricultural Inoculants
Restraints:
Low Adoption Rate Because of Infrastructure Issues
Opportunities:
Increasing Demand from Developing Region
Key Target Audience
Manufacturers of Agricultural Inoculant, Suppliers of Raw Materials, Wholesalers, Distributors and Retailers of Agricultural Inoculant, Agricultural Industry, Governmental Bodies and Research Firms