How Has the Microbial Agricultural Inoculants Market Size Evolved in Recent Years?
The microbial agricultural inoculants market has seen considerable growth due to a variety of factors.
• There has been a swift expansion in the size of the microbial agricultural inoculants market in the previous few years. Projected to rise from $4.43 billion in 2024 to $4.92 billion in 2025, this sector is expected to witness a compound annual growth rate (CAGR) of 11.1%.
Factors contributing to this growth during the historical period include mounting demand for organic farming, environmental apprehensions, governmental backing for green agriculture, soil deterioration, and a surge in crop diseases.
What are the Market Size and Expected Growth Rates for the Microbial Agricultural Inoculants Market?
The microbial agricultural inoculants market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations are for a swift expansion of the microbial agricultural inoculants market in the upcoming years, with an estimated valuation reaching $7.47 billion by 2029.
This growth, calculated at a CAGR of 11.0%, is driven by developments in microbial technology, the increasing urgency for sustainable farming practices, adaptations to climate change, escalating global food requirements, and government rules pertaining to pesticides. Key emerging trends for this period include a migration towards precision farming, a surge in the development of biological products, the incorporation of microbial inoculants in integrated pest management (IPM), an upturn in microbial partnerships, and an emphasis on soil vitality and sustainability.
Which Key Drivers Are Propelling The Microbial Agricultural Inoculants Market's Growth?
The trend of organic farming, which is growing in popularity, is anticipated to fuel the advancement of the microbial agricultural inoculants market. Organic agriculture is a farming method that shuns the use of artificial pesticides, fertilizers, herbicides, and genetically modified organisms (GMOs). The rising interest in organic farming is influenced by increased consumer expectation for healthier, eco-friendly, and ethically made products, coupled with an increased knowledge of the harmful consequences of traditional farming methods. Microbial agricultural inoculants aid in supporting the preference for organic farming by providing natural ways to improve soil fertility, stimulate plant growth, and offer protection against pests and diseases, thereby reducing the necessity for artificial fertilizers and pesticides and adhering to organic farming norms. For example, June 2024 data from Eurostat, an intergovernmental organization in Luxembourg, indicates that organic farming extended to 16.9 million hectares in 2022, constituting 10.5% of total agricultural land in the European Union, a boost from 15.9 million hectares in 2021. Hence, the growing trend of organic farming is promoting the expansion of the microbial agricultural inoculants market.
What Are The Key Segments Within The Global Microbial Agricultural Inoculants Market?
The microbial agricultural inoculants market covered in this report is segmented –
1) By Type: Plant Growth-Promoting Microorganisms, Biocontrol Agents, Stimulants
2) By Source: Fungal Inoculants, Bacterial Inoculants
3) By Crop Type: Oilseeds And Pulses, Fruits And Vegetables, Cereals And Grains
4) By Application: Soil Inoculation, Seed Inoculation
Subsegments:
1) By Plant Growth-Promoting Microorganisms: Nitrogen-Fixing Bacteria, Phosphate-Solubilizing Bacteria, Potassium-Solubilizing Bacteria, Mycorrhizal Fungi
2) By Biocontrol Agents: Bacterial Biocontrol Agents, Fungal Biocontrol Agents, Viral Biocontrol Agents
3) By Stimulants: Biofertilizers, Biostimulants, Soil Conditioners
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What Emerging Trends Are Influencing The Growth Of The Microbial Agricultural Inoculants Market?
Major companies operating in the microbial agricultural inoculants market are focusing on developing novel solutions, such as a concentrated biological inoculant, to gain a competitive advantage. Concentrated biological inoculant aims to enhance soybean productivity by improving nitrogen fixation, which is crucial for plant growth. For instance, in July 2024, Novonesis, a Denmark-based biotechnology company, launched LeguMax Plus, a biological inoculant based on Bradyrhizobium japonicum, containing up to five billion CFU/ml. The product enhances biological nitrogen fixation (BNF) and offers a more concentrated solution, reducing transport and application volumes. It is stable for 12 months and requires a 60 ml/ha dosage per 50 kg of seeds. Compared to traditional products containing 1-3 billion CFU/ml, LeguMax Plus optimizes logistics and provides better germination when used for in-furrow inoculation. Care is needed to avoid mixing with chemicals to ensure the survival of beneficial bacteria. The product should be applied the same day it’s prepared for maximum efficiency.
Who Are the Key Players In The Microbial Agricultural Inoculants Market?
Major companies operating in the microbial agricultural inoculants market are:
• BASF SE
• Bayer AG
• Saudi Basic Industries Corporation (SABIC)
• Nutrien Ltd.
• Syngenta International AG
• Yara International ASA
• Sumitomo Chemical Co.. Ltd.
• The Mosaic Company (MOS)
• Evonik Industries AG
• Corteva Inc.
• Solvay
• ABM Industries Incorporated
• UPL Ltd.
• FMC Corporation
• Clariant International Ltd.
• Adama Agricultural Solutions
• Novozymes A/S
• Tata Chemicals Ltd.
• Kemin Industries Inc.
• Bioceres Crop Solutions Corp
• BioWorks Inc.
What Are The Regional Insights Into The Microbial Agricultural Inoculants Market?
North America was the largest region in the microbial agricultural inoculants market in 2024. The regions covered in the microbial agricultural inoculants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
