Agricultural Inoculants Market is projected to grow between 2017 and 2023
The report published by Knowledge Sourcing Intelligence titled “Agricultural Inoculants Market - Forecast From 2018 to 2023” studies the various factors affecting the demand for agricultural inoculants across the globe. The report has been segmented by type (soil inoculants, seed inoculants), mode of application (biocontrol agents, plant resistance stimulant, plant growth-promotion), microbe type (bacteria, fungi), crop type (fruits and vegetables, cereals and grains, oilseeds and pulses), and geography, covering five regions namely North America, South America, Europe, Middle East and Africa and the Asia Pacific, and some of the major economies in each of these regions.
Growing global food insecurity due to burgeoning global population and increasing urbanization is significantly driving the demand for agricultural inoculants across the globe. Rising awareness among farmers about advanced farming techniques and solutions is also augmenting the use of agricultural inoculants in order to increase the crop yield. The demand for agricultural inoculants is also rising due to increasing harmful impact of chemical fertilizers on groundwater. The growing focus on organic farming will further continue to bolster the growth of agricultural inoculants market during the projected period.
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Cereals and Grains segment holds significant market share
Cereals and Grains segment is projected to hold a significant market share throughout the forecast period. This growth is attributed to a high preference for a protein-rich diet which, in turn, is boosting the demand for feed for livestock. High consumption of cereals and grains in developing countries is also driving the demand for agricultural inoculants across this segment.
APAC witnessed the highest CAGR between 2017 and 2023
APAC regional market for agricultural inoculants is projected to witness the highest CAGR during the forecast period owing to growing food insecurity challenge in countries like India coupled with rising awareness about modern farming techniques in the region. The rise in exports of exotic fruits and vegetables from Southeast Asian countries will further propel the growth of agricultural inoculants market in APAC during the forecast period.
This report also includes a study of strategies and product portfolios of some of the leading companies in the agricultural inoculants market. It consists of company profiles of the leading companies- BASF Corporation, Bayer CropScience, Precision Laboratories LLC, ABM® Advanced Biological Marketing, DuPont, Timac Agro, and BRETTYOUNG, among others.
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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