The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Organic farming is likely to drive innovation in inoculant manufacture, propelling the market during the forecast period.

The global inoculants market is expected to grow from $1.05 billion in 2022 to $1.16 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The global inoculants market size is expected to reach $1.65 billion in 2027 at a CAGR of 9.2%.

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Global Inoculants Market Segments Include:

• By Type: Agricultural Inoculants, Silage Inoculants
• By Form: Dry, Liquid
• By Microbe: Bacterial, Fungal, Other Microbes
• By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And vegetables, Forage, Other Crop Types
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global inoculants market in 2021.

Major Market Players in the inoculants market include Corteva, BASF SE, Bayer AG, Novozymes, Verdesian Life Sciences, BrettYoung, Queensland Agricultural Seeds, XiteBio Technologies Inc., Precision Laboratories LLC, Cargill Incorporated.

Product innovation is a crucial trend that is gaining traction in the inoculants market. To strengthen their market position, major players in the inoculants market are focusing on producing innovative products. For example, Lavie Bio Ltd., an Israeli maker of inoculants and microbial-derived agricultural products, launched a bio-inoculant result in May 2022. This is a microbial inoculant that improves the efficiency with which plant roots absorb nutrients from the soil, hence increasing crop yield and producer profitability while encouraging soil lifetime and environmental sustainability. When compared to industry norms, the outcome has the potential to produce an additional 3-4 bushels per acre and has showed considerable production enhancement.

The Inoculants Global Market Report 2023  provides a inoculants market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The inoculants market forecast analyzes inoculants market size, inoculants market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Inoculants are living microorganisms that act as biological stimulants or biocontrol agents in plants. They are referred to as versatile because of their diverse actions and processes in plants, including beneficial impacts on seed germination. It ensures that the specific microorganisms of the legume are available to the plant after it germinates.

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