Summary

Overview
Global Agricultural Inoculants Market reached US$ 9.21 billion in 2022 and is expected to reach US$ 21.24 billion by 2030, growing with a CAGR of 11.01% during the forecast period 2023-2030.
Sustainable farming methods are becoming more and more popular worldwide to reduce environmental effects. This trend is well suited for agricultural inoculants, hence driving its market growth in the forecast period. Governments throughout the world are promoting the use of bio-based agricultural solutions, including inoculants, through supportive policies and incentives.
In June 2023, The Minister of Food and Agriculture Ghana, Bryan Acheampong, launched a program to increase soybean production to increase profitability and competitiveness and create jobs for young people throughout the value chain. The project will address the issues of inadequate land preparation and lack of access to machinery for land preparation; restricted access to enhanced certified seeds; and restricted access to inoculants.
The cereals and grains account for a significant share of the agricultural inoculants market due to their growing demand globally as a staple food. Similarly, North America held a significant share of the agricultural inoculants market due to the adoption of modern farming techniques, particularly in the United States and Canada.
Dynamics
Increasing Awareness about the Benefits of Agricultural Inoculants in Enhancing Crop Yield
One important factor driving the market's expansion is growing knowledge of the advantages of agricultural inoculants in raising crop yields. Fostering symbiotic connections with plants is greatly aided by agricultural inoculants, which contain beneficial microbes. They support the intake of nutrients, especially those necessary for plant growth, such as phosphorus solubilization and nitrogen fixation.
Increased soil fertility, better plant vigor, and eventually higher crop yields are the results of using these inoculants in agricultural methods, as farmers are beginning to realize. The use of inoculants as a component of an integrated crop management strategy is therefore becoming more and more popular. In July 2023, Lallemand Plant Care introduced LALRISE START SC liquid inoculant in Canada. Based on a plant growth-promoting rhizobacteria (PGPR) that improves root vigor and nutrient availability, the new liquid inoculant boosts crop establishment.
Increasing Demand for Organic Farming and the Rising Emphasis on Sustainable Agriculture Practices
There's a noticeable trend towards organic vegetables as customers grow more aware of food safety and environmental effects. A minimum of 3.7 million farmers oversaw more than 76 million hectares of agricultural land in 2021, with 191 countries practicing organic agriculture, according to FIBL. Minimizing synthetic inputs such as chemical insecticides and fertilizers, organic farming relies on natural resources and processes. Agricultural inoculants establish symbiotic relationships with plants, aiding in nitrogen fixation, phosphorus solubilization, and other critical processes that promote plant growth.
Soil deterioration and environmental contamination are decreased when inoculants are used, as they lessen the need for chemical fertilizers. Agricultural inoculants also help to improve crop yields and quality by promoting better soil and robust plant growth, which helps to meet the rising demand for premium organic produce.
High Cost of Agricultural Inoculants Compared to Conventional Chemical Alternatives
Even though agricultural inoculants have several long-term advantages, including enhanced soil health, sustainable crop output, and decreased environmental impact, farmers frequently find it difficult to afford their upfront expenses. Additionally, the need for particular storage conditions to preserve the viability of the live microorganisms in these inoculants drives up the overall cost of the product.
Chemical pesticides and fertilizers are more widely available and typically cost less, and they have been utilized traditionally. Many farmers, especially those on less budget or looking for quick returns on their investments, choose them because of their immediate impact on crop productivity and relatively minimal initial expenditure.
Segment Analysis
The global agricultural inoculants market is segmented based on function, microorganism, mode of application, crop type, form and region.
Rising Consumption of Grains and Cereals
Globally, grains and cereals like corn, wheat, rice, and sorghum are staple food crops that form the basis of many diets. Optimizing these crops' productivity and quality is crucial because of their extensive cultivation and crucial significance in ensuring food security. By improving nutrient uptake, especially nitrogen fixation and phosphorus solubilization, agricultural inoculants provide significant advantages for grains and cereals.
In October 2020, Univar Solutions Inc., a global chemical and ingredient distributor and provider of value-added services, announced the addition of three new Novozymes BioAg inoculants, BioniQ, TagTeam BioniQ, and Optimize LV, to the NexusBioAg portfolio of crop biological and fertility products. The three new inoculants are proven to increase yields and enhance crop performance for pulses including lentils and peas, cereals (small grains), canola, and soybeans.
Geographical Penetration
Growing Awareness About Sustainable Agriculture in North America
Farmers in North America are moving more and more towards sustainable agriculture as they look for ways to minimize their negative effects on the environment without sacrificing or raising productivity. Agricultural inoculants help achieve these objectives by strengthening crop resistance overall, encouraging soil health, and lowering the need for artificial fertilizers.
In September 2022, Novozymes, launched, 5 powerful biological solutions to address major issues facing producers in North America and set up a new sales team to directly serve U.S. customers. The new Novozymes products available in the U.S. include BioniQ, an inoculant for row crops that includes three biological actives that collectively help promote stronger roots, improved nutrient availability, and better yield.
OVID-19 Impact Analysis
COVID-19 affected the market for agricultural inoculants in both favorable and negative ways. Early on in the epidemic, the market was badly impacted by supply chain interruptions, logistical difficulties, and limitations on travel and commerce. Delays in production, distribution, and availability of agricultural inputs, such as inoculants, were caused by the lockdown measures and unpredictability. Farmers faced difficulties as a result, which affected their capacity to get and use these necessary items during crucial planting seasons.
But the epidemic also brought attention to how crucial resilient and sustainable farming methods are. An increased emphasis on increasing agricultural production coincided with the intensification of the focus on food security.
Russia-Ukraine War Impact Analysis
The war between Russia and Ukraine affected the market for agricultural inoculants in several ways. Ukraine is a major agricultural producer. Crop cultivation, trading, and distribution networks were all impacted by the conflict's effects on agricultural activity. The world's major agricultural regions were affected by this volatility, which also had an impact on the inoculants business and other global agricultural markets.
Supply chains were disrupted by the war, which had an impact on the distribution and manufacturing of agricultural inputs like inoculants. Farmers in the area and beyond experienced uncertainty and delays in their procurement due to the difficulty in obtaining these products. The impact of the war on infrastructure and agricultural activities had an impact on production output and crop yields.
By Function
• Crop Nutrition
• Crop Protection
By Microorganism
• Bacteria
• Fungi
• Others
By Mode of Application
• Seed Inoculation
• Soil Inoculation
By Crop Type
• Grains and Cereals
• Pulses and Oilseeds
• Commercial Crops
• Fruits and Vegetables
• Others
By Form
• Solid
• Liquid
• Granular
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Russia
o Rest of Europe
• South America
o Brazil
o Argentina
o Rest of South America
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• In December 2023, Lavie Bio Ltd., a subsidiary of Evogene Ltd., declared a distribution agreement exclusive to independent retail with WinField United Canada for its bio-inoculant seed treatment Yalos.
• In September 2022, Syngenta Seedcare and Bioceres Crop Solutions, a key provider of biological inoculants, collaborated to bring innovative biological seed treatments including inoculants, to market. Through this, Syngenta Seedcare will be the sole global distributor for Bioceres' biological seed treatment solutions for commercialization.
• In March 2022, AMVAC and BASF announced their partnership to develop Rhizo-Flo granular soybean inoculant, an innovative addition to the growing line of SIMPAS-applied Solutions.
Competitive Landscape
The major global players in the market include Novozymes, BASF SE, Premier Tech Ltd, Bioceres Crop Solutions, Corteva Agriscience, Lallemand Inc., IMEX AGRO, Horticultural Alliance, LLC, AquaBella Organics, LLC, Neugen Biologicals
Why Purchase the Report?
• To visualize the global agricultural inoculants market segmentation based on function, microorganism, mode of application, crop type, form and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of Agricultural Inoculants market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The global agricultural inoculants market report would provide approximately 78 tables, 73 figures and 225 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

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Table of Contents

1. Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
3.1. Snippet by Function
3.2. Snippet by Microorganism
3.3. Snippet by Mode of Application
3.4. Snippet by Crop Type
3.5. Snippet by Form
3.6. Snippet by Region
4. Dynamics
4.1. Impacting Factors
4.1.1. Drivers
4.1.1.1. Increasing Awareness about the Benefits of Agricultural Inoculants in Enhancing Crop Yield
4.1.1.2. Increasing Demand for Organic Farming and the Rising Emphasis on Sustainable Agriculture Practices
4.1.2. Restraints
4.1.2.1. High Cost of Agricultural Inoculants Compared to Conventional Chemical Alternatives
4.1.3. Opportunity
4.1.4. Impact Analysis
5. Industry Analysis
5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion
6. COVID-19 Analysis
6.1. Analysis of COVID-19
6.1.1. Scenario Before COVID
6.1.2. Scenario During COVID
6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion
7. By Function
7.1. Introduction
7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
7.1.2. Market Attractiveness Index, By Function
7.2. Crop Nutrition*
7.2.1. Introduction
7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Crop Protection
8. By Microorganism
8.1. Introduction
8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Microorganism
8.1.2. Market Attractiveness Index, By Microorganism
8.2. Bacteria*
8.2.1. Introduction
8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Fungi
8.4. Others
9. By Mode of Application
9.1. Introduction
9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
9.1.2. Market Attractiveness Index, By Mode of Application
9.2. Seed Inoculation*
9.2.1. Introduction
9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Soil Inoculation
10. By Crop Type
10.1. Introduction
10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
10.1.2. Market Attractiveness Index, By Crop Type
10.2. Grains and Cereals*
10.2.1. Introduction
10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Pulses and Oilseeds
10.4. Commercial Crops
10.5. Fruits and Vegetables
10.6. Others
11. By Form
11.1. Introduction
11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
11.1.2. Market Attractiveness Index, By Form
11.2. Solid*
11.2.1. Introduction
11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
11.3. Liquid
11.4. Granular
11.5. Others
12. By Region
12.1. Introduction
12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
12.1.2. Market Attractiveness Index, By Region
12.2. North America
12.2.1. Introduction
12.2.2. Key Region-Specific Dynamics
12.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
12.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Microorganism
12.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
12.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
12.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
12.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
12.2.8.1. U.S.
12.2.8.2. Canada
12.2.8.3. Mexico
12.3. Europe
12.3.1. Introduction
12.3.2. Key Region-Specific Dynamics
12.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
12.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Microorganism
12.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
12.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
12.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
12.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
12.3.8.1. Germany
12.3.8.2. UK
12.3.8.3. France
12.3.8.4. Italy
12.3.8.5. Russia
12.3.8.6. Rest of Europe
12.4. South America
12.4.1. Introduction
12.4.2. Key Region-Specific Dynamics
12.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
12.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Microorganism
12.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
12.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
12.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
12.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
12.4.8.1. Brazil
12.4.8.2. Argentina
12.4.8.3. Rest of South America
12.5. Asia-Pacific
12.5.1. Introduction
12.5.2. Key Region-Specific Dynamics
12.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
12.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Microorganism
12.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
12.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
12.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
12.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
12.5.8.1. China
12.5.8.2. India
12.5.8.3. Japan
12.5.8.4. Australia
12.5.8.5. Rest of Asia-Pacific
12.6. Middle East and Africa
12.6.1. Introduction
12.6.2. Key Region-Specific Dynamics
12.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
12.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Microorganism
12.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
12.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
12.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
13. Competitive Landscape
13.1. Competitive Scenario
13.2. Market Positioning/Share Analysis
13.3. Mergers and Acquisitions Analysis
14. Company Profiles
14.1. Novozymes*
14.1.1. Company Overview
14.1.2. Product Portfolio and Description
14.1.3. Financial Overview
14.1.4. Key Developments
14.2. BASF SE
14.3. Premier Tech Ltd
14.4. Bioceres Crop Solutions
14.5. Corteva Agriscience
14.6. Lallemand Inc.
14.7. IMEX AGRO
14.8. Horticultural Alliance, LLC
14.9. AquaBella Organics, LLC
14.10. Neugen Biologicals
LIST NOT EXHAUSTIVE
15. Appendix
15.1. About Us and Services
15.2. Contact Us