Global Agricultural Inoculants Market 2015-2019
About Agricultural Inoculants
Agricultural inoculants are microbes which are formulated and applied to the seed or soil for promoting plant health and improving agricultural productivity. They could be bacteria, fungi, or other microbes, which aid in preventing disease, enhancing plant growth, and improving crop yield. They are available in solid, liquid, and freeze-dried forms. Inoculant standards have been changing and the frequency of their usage has also been rising.
Technavio's analysts forecast the global agricultural inoculants market to grow at a CAGR of 8.78% during the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the global agricultural inoculants market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the application of seed inoculation, soil inoculation, and others.
Technavio's report, Global Agricultural Inoculants Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, Latin America, APAC, and MEA; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Agricultural Inoculants Market 2015-2019
Technavio recognizes the following companies as the key players in the global agricultural inoculants market: ABM, BASF, DuPont and Novozymes
Other Prominent Vendors in the market are: Bayer CropScience, BIO CAT, BrettYoung, Hancock Farm and Seed, Monsanto, Precision Laboratories, TerraMax, Verdesian Life Sciences and XiteBio Technologies
Commenting on the report, an analyst from Technavio’s team said: “The manufacturing of inoculants has evolved over time and now provides multiple benefits to farmers. Over the past couple of years, the use of sterile carriers, which deliver the right microorganism at precise concentrations, has increased. Vendors have also introduced liquid carriers and new organism strains. In addition, they are using concentrated frozen products, which ensure a longer shelf life. New and advanced inoculants possess extended biofertilizer and biopesticidal properties. Vendors are enhancing existing formulations with agricultural amendments. These factors are improving the efficiency of these products and will likely drive their popularity in the market.”
According to the report, the growing population worldwide is leading to a high demand for food. Disposable incomes in developing countries are also on the rise, resulting in a high consumption of agricultural products. Various countries are implementing new policies to increase food productivity. However, the amount of arable land is on the decline, owing to increased urbanization and industrialization worldwide. Farmers are developing progressive food-production techniques to make their farmlands more efficient. There is also an increased interest in decreasing agricultural input to reduce costs, which will popularize the use of inoculants to mobilize vital nutrients and enhance their availability to crops.
Further, the report states that the demand for inoculants is affected by people's low confidence in their efficacy.
ABM, BASF, DuPont, Novozymes, Bayer CropScience, BIO CAT, BrettYoung, Hancock Farm and Seed, Monsanto, Precision Laboratories, TerraMax, Verdesian Life Sciences, XiteBio Technologies