The global agricultural inoculants market size was valued at USD 3.54 billion in 2021, growing at a CAGR of 7.3% during the forecast period 2022-2028. An agricultural inoculant, also known as a soil inoculant, is a mixture of bacteria, fungus, protozoa, viruses, and algae that is used to encourage plant growth. To boost plant nutrition, crop productivity, and prevent soil-borne illnesses, it is either administered to the seed or added to the soil. It's also used to help plants grow by increasing mineral absorption and promoting the production of plant hormones. For cereals, grains, oilseeds, fruits, vegetables, silage and pasture crops, inoculants offer an environmentally beneficial alternative to chemical fertilisers and pesticides.

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The agricultural inoculants market is expanding due to rising demand for organic agriculture commodities. Agriculture product manufacturers are looking for organic as well as bio-based ingredients to use in their products. Because of the negative health impacts of GMO crops and synthetic chemical-based crop protection and plant development regulator products on humans and livestock, many nations have banned or plan to ban them. This is one of the most important factors driving up demand for agricultural inoculants. The worldwide population is becoming more health conscious, and consumer awareness of food products is rapidly expanding. Food producers are able to make organic food products as a result of these food customers' demand, which is supporting the expansion of the agricultural inoculants industry. Crop protection product producers are transitioning from chemical-based to bio-based crop protection products, which has become the agricultural inoculants market's greatest growth driver. Though agricultural inoculants are rising in popularity, obstacles such as low awareness or limited information among farmers regarding the importance and benefits of utilising agricultural inoculants are projected to stymie industry expansion. In nations where agriculture is a key source of revenue, acceptance of these inoculants is limited. Farmers in a variety of developing countries are hesitant to switch to agricultural inoculants, preferring chemical inoculants due to their high efficiency, cost-effectiveness, and ease of access.

The global agricultural inoculants market segmentation:

• By Type of Inoculant: Plant Resistant Stimulants, Bio Control Agents, Plant Growth Promoting Agents
• By Source of Inoculate: Bacteria, Fungus, Others
• By Mode of Application: Seed Inoculation, Soil Inoculation
• By Crop Type: Fruits and Vegetables, Pulses and Oilseed, Cereals and Grains, Others

Over the forecast period, North America is predicted to account for consistent revenue growth in the worldwide agricultural inoculants market. Market growth is being fueled by factors such as increased use of new technology for improving crop quality, more organic farming implementation, and increasing demand for high-quality crops.

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There are several industry players working in the Agricultural Inoculants Market, which include ABM (Advanced Biological Marketing Inc.) (U.S.) Bayer AG (Germany) BASF SE (Germany) Novozymes (Denmark) I. du Pont de Nemours and Company (U.S.) BIO-CAT (U.S.) XiteBio Technologies (U.S.) Verdesian Life Sciences (U.S.)

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