Market Snapshot:
Microbial inoculants are soil amendments that can be added to soil to improve the overall quality of soil, as well as enhance the growth of strong and healthy plants. It contains a blend of microorganisms that work with the soil and the soil life to improve its fertility and health. Microbial inoculants not only helpful to plants but also stimulate and beneficial for other organisms and insects that aid in plant growth overall.
Highlights from Microbial Inoculants Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.7% |
The key Players profiled in the report are Corteva (United States), BASF (Germany), Bayer (Germany), Novozymes (Denmark), Verdesian Life Sciences (United States), Advanced Biological Marketing Inc. (United States), BrettYoung (United States), Precision Laboratories, LLC (United States), Queensland Agricultural Seeds Pty (Australia) and XiteBio Technologies Inc. (Canada). Additionally, other players that are part of this comprehensive study are Hansen (Denmark), Lallemand Inc. (Canada) and Kemin Industries, Inc (United States).
Geographic Breakdown and Segment Analysis
The Global Microbial Inoculants market presents a comprehensive analysis of the Microbial Inoculants market by product type (Agricultural Inoculants and Silage Inoculants), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Microbial Inoculants industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Microbial Inoculants market
Analyst at AMA have segmented the market study of Global Microbial Inoculants market by Type, Application and Region.
Influencing Trend:
Improvement in the Agriculture Practices
Market Growth Drivers:
Increased Consumption of Fertilizers and High Demand for Increased Yield in Agriculture
Challenges:
Limited Availability of Microbial Inoculants
Restraints:
Some Microbial Inoculants as Biocontrol Agents can be Highly Risky
Opportunities:
Increasing Demand for Organic Farming and Increasing Awareness about Microbial Inoculants
Market Developments Activities:
In 2019, Lallemand Animal Nutrition acquired Nova Microbial Technologies, to provide natural products and services for improved animal performance. This acquisition opens up new possibilities for Lallemand Animal Nutrition and Nova customers and the livestock industries we serve.
In April 2024, David Copeland has joined Atlanta-based ProGro BIO as an executive advisor. He will offer consulting services to the ProGro team in the areas of business growth, new partnerships, strategic planning, and go-to-market strategy. Copeland has a proven track record of building profitable businesses and has extensive knowledge in building valuable connections for organizations.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Key Target Audience
Microbial Inoculants Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users