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Polaris Market Research & Consulting, Inc.
Market Research | Industry Analysis
Soil biology is crucial for maintaining the health and productivity of agricultural systems. Living soil is sophisticated and contains several organisms that the naked eye can’t see. Along with that, there are creatures such as earthworms and insects. All of these organisms and creatures are interwoven in a food web that can impact the physical and chemical properties of soil.
Practices like adding manures, composts, and inoculants to soils are all aimed at rebuilding and maintaining the organic matter of soil. Read on as we explain to you the different types of inoculants and shed light on the industry analysis and growth drivers in the inoculants market.
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Types of Inoculants
There exist two main types of inoculants. They are biofertilizers and biocontrol agents. Below is a quick overview of the two:
Biofertilizers: A biofertilizer is a substance that contains living microorganisms. When applied to seeds, biofertilizers colonize the interior of the plant and foster their growth by supplying essential nutrients to the host plant. Mycorrhizal fungi and rhizobacteria are the two most common biofertilizer types used in agriculture and horticulture.
Biocontrol agents: These are organisms or microorganisms that act as a control agent. They play a vital role in controlling plant pests and preventing crop damage. Biocontrol agents don’t kill the beneficial organisms present in soil. For commercial applications, bacterial and fungal biocontrol agents are available for growers.
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Industry Analysis
According to our latest analysis, the market for inoculants is projected to grow at a steady rate. The global inoculants market size was USD 1.07 billion in 2022 and is expected to grow to USD 2.49 billion by 2032, exhibiting a CAGR of 8.9% during the forecast period.
The market is driven by several factors, including:
·??????? Substantial shift in global dietary preferences
·??????? Growing prevalence of organic and eco-friendly farming techniques
·??????? Active support from the government in various developing economies
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Uses of Soil Inoculants
There exist some soil inoculants that can successfully enhance the growth and yield of some crops. However, the use of soil inoculants is still in its early stages. As a result, the success of any given inoculant will depend on the crop species and cultivator. Other things, including soil moisture, temperature conditions, and the number of pathogens, will also influence the inoculant’s success.
Inoculants are formulated and sold in several forms. They are available in powder, granules, and liquid forms. Also, there exist numerous methods for applying soil inoculants, ranging from coating seeds to applying the inoculant directly to the soil.
The Bacterial Segment Held the Largest Revenue Share
By microbe, the bacterial segment is projected to account for the highest inoculants market share. This is primarily because bacterial species like bacillus spp., pseudomonas, and rhizobium are used in numerous applications, including biopesticides and biofertilizers. In addition, several firms worldwide are actively working on developing combinations of bacterial species along with other microorganisms to enhance the growth of the plant.
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Promoting Plant Growth
To conclude, inoculants are a mixture of microorganisms that improve soil fertility. Growing environmental concerns regarding pesticide and fertilizer usage and the rising adoption of organic farming methods are the major factors driving the robust expansion of the inoculants market.
Top Players in Inoculants Market:
巴斯夫 | 拜耳 | Ginkgo Bioworks, Inc. | 杜邦 | Lallemand | 诺维信 | QualiTech | XiteBio Technologies Inc.
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