Global Agricultural Inoculants Market Insights Forecasts to 2033

• The Global Agricultural Inoculants Market Size was Valued at USD 486.48 Billion in 2023
• The Market Size is Growing at a CAGR of 7.10% from 2023 to 2033
• The Worldwide Agricultural Inoculants Market Size is Expected to Reach USD 965.59 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Global Agricultural Inoculants Market Size is Anticipated to Exceed USD 965.59 Billion by 2033, Growing at a CAGR of 7.10% from 2023 to 2033.

Market Overview

Microorganisms known as soil microbial inoculants are used as bioremediation and enhancement of soil properties, or as sustainable substitutes for traditional inorganic fertilizers (biofertilizers). They also perform specific benefits including biocontrol of diseases and pests (biopesticides). While rhizobia, which fixes nitrogen in the soil, is one soil inoculant that has a long and successful history of use, many new products show variable results in the field. Along with the development of better formulations and delivery technologies, a better understanding of the interactions between soil inoculants and plants as well as the soil environment is contributing to their increased effectiveness. Globally, agricultural practices and inoculants are becoming more widely recognized and used. With the switch from conventional to organic farming methods, inoculants are now more important than ever. Future agricultural inoculant usage might rise further as farmers search for environmentally responsible and sustainable substitutes for traditional farming practices. Fertilizers, biopesticides, and microbial formulations dominate the market for agricultural inoculants. Biofertilizers, for instance, help plants absorb nitrogen from the atmosphere and reduce the need for commercial fertilizers by introducing nitrogen-fixing bacteria into the soil.

Report Coverage

This research report categorizes the market for the global agricultural inoculants market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global agricultural inoculants market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global agricultural inoculants market.

Driving Factors

Agricultural inoculants, sometimes referred to as soil or microbial inoculants, contain beneficial microorganisms. These beneficial microorganisms serve as biopesticides, biofertilizers, and growth regulators for plants. Around the world, inoculants are extensively utilized in agriculture for a wide range of crops. The environmental impact of agrochemicals is minimized with the help of microbial agricultural inoculants. The increasing demand for food cultivated organically and growing concerns about the use of chemical pesticides and fertilizers have led to a strong demand for agricultural inoculants. Globally, organic farming is growing in popularity as more people become conscious of the risks associated with using conventional pesticides and fertilizers. Furthermore, more land is being utilized for organic farming. The growing number of organic producers and the expanding area of organic farming are projected to drive up demand for naturally produced or organically sourced agricultural inputs, such as agricultural inoculants. The agricultural inoculants market's compound annual growth rate (CAGR) is being driven by the sharp rise in demand for organic inputs to boost crop production.

Restraining Factors

Although farmers and other stakeholders are becoming more aware of agricultural inoculants, there is still a knowledge gap about their appropriate use, advantages, and application techniques. Farmers' lack of awareness can impede the adoption of inoculants since they are unaware of using the new techniques until they have a firm grasp of them. Due to these inoculant products are more expensive than traditional chemicals, especially for small-scale farmers, farmers with limited financial resources are unable to purchase them. Understanding the long-term advantages of agricultural inoculants is crucial. Therefore, farmers' unawareness of agricultural inoculants might hinder the market for these products from expanding.

Market Segmentation

The global agricultural inoculants market share is segmented into type, crop type, and application.

• The bacterial inoculants segment dominates the market with the largest market share through the forecast period.

Based on the type, the global agricultural inoculants market is segmented into bacterial inoculants, fungal inoculants, and others. Among these, the bacterial inoculants segment dominates the market with the largest market share through the forecast period. They have microorganisms that can create growth hormones, solubilize phosphate, and fix nitrogen. Rhizobia, a symbiotic interaction between bacteria and legume plants that fixes atmospheric nitrogen, is the most common type of bacterial inoculant. Phosphorus-solubilizing bacteria are the fastest-growing type of bacterial inoculant; they can liberate phosphorus from the soil's insoluble forms.

• The cereals & grains segment is anticipated to grow at the fastest CAGR growth through the forecast period.

Based on the crop type, the global agricultural inoculants market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Among these, the cereals & grains segment is anticipated to grow at the fastest CAGR growth through the forecast period. The market is growing owing to the widespread use of inoculants for cereal crops including corn, wheat, and rice by several nations, including China, Brazil, Spain, and the United States. The largest nation that produces wheat is the United States. After soybeans and corn, wheat is the third most important crop farmed in the US. Among the top producers worldwide, Brazil is also the world's largest producer of corn.

• The seed coating segment accounted for the largest revenue share through the forecast period.

Based on the application, the global agricultural inoculants market is segmented into seed coating, soil application, and foliar application. Among these, the seed coating segment accounted for the largest revenue share through the forecast period. It ensures that the inoculant comes into close touch with the seed and is an easy and effective method of applying inoculants. It entails applying an inoculant layer to seeds before sowing. By practicing this, it is ensured that the inoculant comes into direct touch with the seed and might begin working as soon as it is planted.

Regional Segment Analysis of the Global Agricultural Inoculants Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global agricultural inoculants market over the predicted timeframe.

North America is anticipated to hold the largest share of the global agricultural inoculants market over the predicted timeframe. With agricultural growth and public settlements declining, farmers are implementing new technology to improve soil fertility and crop yield. The US leads the world market for agricultural inoculants due to its vast amount of fertile land and innovative farming methods. To preserve soil fertility and crop productivity, farmers use organic farming practices. This has led to a rise in the region's usage and demand for agricultural inoculants. 

Europe is expected to grow at the fastest CAGR growth of the global agricultural inoculants market during the forecast period. It is anticipated that the cultivation of corn, soybeans, and canola in Germany and the United Kingdom will hasten the spread of agricultural inoculants throughout the European continent. Additionally, the rise of the regional agricultural inoculants market will be aided by the quicker adoption of innovative technologies that increase crop output while minimizing their negative environmental consequences. Microorganisms are extensively utilized as biocontrol agents and biofertilizers in nations like France, Italy, and Spain.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global agricultural inoculants market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• BASF SE
• Novozymes A/S
• Bayer AG
• Cortiva Agriscience
• Syngenta AG
• Verdesian Life Sciences
• Lallemand Inc.
• XiteBio Technologies Inc.
• Agrinos AS
• Koppert Biological Systems
• Valent BioSciences LLC
• Terramax
• Rizobacter Argentina S.A.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In December 2023, Groundwork BioAg announced that Rootella, its main mycorrhizal inoculant, has been approved for sale in South Africa, Argentina, and China. With this advancement, farmers now have more access to a climate-smart solution that improves soil and plant health. It essentially expands the company's prospective client base by around 677 million acres (274 million hectares) of harvested crops, offering substantial growth and impact opportunities.

• In November 2023, North America has now seen the expansion of American Vanguard Corporation's collaboration with NewLeaf Symbiotics of St. Louis, through the operations of its fully-owned subsidiary AMVAC Chemical Corporation. AMVAC and NewLeaf have collaborated to bring cutting-edge biological solutions to numerous markets worldwide, building on their first agreement in late 2022. Their collaboration will significantly expand as a result of this enlarged partnership, which will include distribution in China, Argentina, Brazil, and Ukraine.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global agricultural inoculants market based on the below-mentioned segments: 

Global Agricultural Inoculants Market, By Type

• Bacterial Inoculants
• Fungal Inoculants
• Others

Global Agricultural Inoculants Market, By Crop Type

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others

Global Agricultural Inoculants Market, By Application

• Seed Coating
• Soil Application
• Foliar Application

Global Agricultural Inoculants Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa