Report: Global Agricultural Inoculants Market Projected To Grow 10% By 2020
Research and Markets has announced the addition of the “Agricultural Inoculants Market by Type (Plant Growth-promoting Microorganisms, Bio-control Agents, Plant Resistance Stimulants), Source (Bacterial, Fungal & Others), Mode of Application, Crop Type, and by Region – Global Forecasts to 2020” report to their offering.
The agricultural inoculants market is projected to grow at a CAGR of 9.6% from 2015 to reach a projected value of USD 437.1 million by 2020. The growth of this market is driven by the increase in demand of organic fertilizers in the agricultural sector. The market is further driven by factors such as increase in organic and environment-friendly farming practices, promotion by the government agencies, and increase in demand of agricultural inoculants in emerging markets such as Asia-Pacific.
Based on types of inoculants, the agricultural inoculant market is projected to be led by the plant growth promoting microorganisms segment, followed by bio-control agents. Inoculants are used on a large scale to improve the plant uptake of nutrients, increase the efficiency of crop production, and meet the increasing demand of organic agricultural products.
Based on applications of agricultural inoculants, seed inoculation accounted for the largest market share. In seed inoculation, seeds are coated with microorganisms that help in nitrogen fixation and hence are majorly used for legumes and soybean production. Seed inoculation is the most common method of inoculation as it is easy and is generally effective under most conditions.
Key Target Audience:
- Bio pesticide manufacturers
- Bio fertilizer manufacturers
- Agriculture associations
- Bio stimulant manufacturers
- Research institutions
- Advanced Biological Marketing Inc.
- BASF SE
- Bayer Crop Science
- E.I. Dupont De Nemours and Company
- Novozymes A/S
- Precision Laboratories, LLC
- Queensland Agricultural Seeds Pty. Ltd.
- Verdesian Lifesciences, LLC
- Xitebio Technologies Inc.