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Agricultural Inoculants Market by Type , Source , Mode of Application, Crop Type, and by Region - Global Forecasts to 2020

Agricultural Inoculants Market: Global Forecasts until 2020

  • March 2016
  • 151 pages
  • ID: 3700461
In this report:
According to International Fertilizer Association (IFA), the global consumption of fertilizer is estimated to reach ##.## million tons by 2019 and is projected to grow at an annual rate of ##.##%.
According to FAO, the demand for nitrogen fertilizer was ##.## million tons in 2013 and it is projected to grow at an annual growth rate of ##.##% by 2018.


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"Agricultural inoculants market forecasted to grow at a CAGR (Compound annual growth rate) of 9.60 percent"

The agricultural inoculants market is estimated to grow $437.10M by 2020. The agricultural inoculants market is estimated to rise at a compound annual growth rate of 9.60 percent between 2015 and 2022. The sector is influenced by factors such growing demand of agrochemicals due to increased organic and environmental farming practices, environmental concerns associated to the use of chemical fertilizers and pesticides, and the promotion by government agencies to use agricultural inoculants. The huge growth potential in emerging sectors and untapped areas and increasing demand of organic fertilizers offer recent growth opportunities for the actors in the agricultural inoculants market.

"Plant growth-promoting microorganisms recorded for the largest part of market share"

The types of agricultural inoculants contain plant growth-promoting microorganisms, bio-control agents, and plant-resistance stimulants. In 2014, plant growth-promoting microorganisms recorded for the biggest market share, succeeded by bio-control agents. The growing demand for chemical-free food has resulted in a rise in the demand of plant growth-promoting microorganisms; hence this segment is expected to grow at the highest compound annual growth rate (CAGR) in the agricultural inoculants market.

"Latin America area is the fastest growing area in the industry"

The growth in demand of organically grown food products by the population is fueling the sector for agricultural inoculants in Latin America area. Brazil (BR) and Argentina (AR) are the main contributors in the production of soybean. Agricultural inoculants are widely used for soybean crops and hence the consumption of inoculants is anticipated to growth in the upcoming five years. Latin America area is one of the biggest regions having organic agricultural land area which makes the industry demand for agricultural inoculants high in the area.

Distribution of primaries:

-By Company Type: Tier 1 - 20 %, Tier 2 - 45.0 percent, and Tier 3 - 35.0 percent

-By Designation: C-suite - 28.0 percent, D-level - 22.0 percent, Others - 50.0 percent

-By Region: North america (NA) - 45.0 percent, Europe - 25.0 percent, APAC - 18.0 percent, RoW - 12.0 percent

Key market players including BASF SE, E.I. Du Pont de Nemours and Organization, Bayer CropScience, Novozymes (CPH:NZYM-B), and Verdesian Life Sciences, Limited liability company have been described in this business report. The other actors contain Advanced Biological Marketing, Incorporated, BrettYoung, Precision Laboratories, Limited liability company, Queensland Agricultural Seeds Pty. Ltd., and Xitebio Technologies Inc..

Why acquiring this study can help you:

- To get an overview of the overall agricultural inoculants market

- To get an overview of the main actors of the agricultural inoculants market and product types and top strategies approved by the top players to attain market presence

- To benefit insights of the main area in which the agricultural inoculants market is increasing

- To benefit knowledge of the increase of various parts

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