DUBLIN--(BUSINESS WIRE)--The "Agriculture Inoculants Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
The agriculture inoculants market is expected to grow at a compound annual growth rate of 6.58% over the analysed period to reach a market size of US$1,365.856 million in 2026 from US$874.329 million in 2019.
Inoculants refer to weak disease agents that are introduced in the body of the host, to build immunity against that disease-causing agent. The agricultural inoculants which contain Rhizobium bacteria are known as nitrogen inoculants. Since these bacteria are not naturally mobile in the soil, it is crucial to add the required amount of Rhizobium to ensure successful nodulation. These also convert atmospheric nitrogen into a form that can be consumed by plants. Further, there is a different strain of Rhizobium for different plants, which cannot be used interchangeably. With the growing world population, which is soon to reach 9 billion by end of 2050, food availability will become a major concern. Further, with decreasing arable land and urbanization, it has become crucial to increase yields along with conserving the plant. Agriculture Inoculant methods provide required nutrition to the plants. It also stimulates hormonal production in plants leading to plant growth.
Legumes to hold a significant share in the market.
Legumes such as pulses, peas, chick-peas, peanuts, lentils, and beans are predicted to have a significant market share of the agriculture inoculant market. This is because an inoculant may not be effective in more than one plant. For instance, the Rhizobium stain's success rate differs from the different plant types it is paired with. A stain that succeeds in the production of nodules in lentils and peas, may fail when paired with beans. Pulses, in particular, require a high amount of nitrogen to become protein-rich post-production.
Companies Mentioned
- Bayer AG
- Rizobacter
- Groundwork BioAg
- Verdesian Life Scienc
- BioConsortia
- AGTIV
Key Developments
- January 2021, Financial: Verdesian Life Science raised investment using a definitive stock purchase agreement, from AEA Investors. The former company is a leading developer of fertilizer enhancement, seed treatment, and inoculant technology. The fund raised will be utilized to enhance R&D for Nutrient efficient technology.
- December 2020, Collaboration: The Mosaic Company collaborated with BioConsortia Inc. to develop a microbial product for nitrogen-fixing in corn, wheat, and other non-legume crops. The partnership aims to reduce nitrogen fertilizer application using seed treatment products.
- November 2020, venture: Groundwork BioAg partnered with U.S.'s Left Coast Wholesale to sell its DYNOMYCO mycorrhizal inoculant. The product is based on 30 years of research by Israel's Volcani Center and is formulated to increase the yield of cannabis along with the cannabinoid levels. The U.S. legalized the use of cannabinoid for therapy and reconstruction in its Farm Bill of 2018.
- September 2020, Venture: Marrone Bio Innovation Inc and Rizobacter partners to develop plant health and crop nutrition technology in South America, well known for soybean, corn, and wheat production. Increased farmer's awareness has led to a surge in demand for biopesticides, inoculants, and bio-stimulants.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. Threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis
5. Agriculture Inoculants Market, by Type
5.1. Introduction
5.2. Bacterial
5.3. Fungal
6. Agriculture Inoculants Market, by Mode
6.1. Introduction
6.2. Soil
6.3. Seed
7. Agriculture Inoculants Market, by Method
7.1. Introduction
7.2. Liquid
7.3. Peat-based
7.4. Granular
8. Agriculture Inoculants Market, by Crop
8.1. Introduction
8.2. Cereal
8.3. Pulses
8.4. Others
9. Agriculture Inoculants Market, by Geography
9.1. Introduction
9.2. North Americas
9.3. South America
9.4. Europe
9.5. Middle East and Africa
9.6. Asia Pacific
10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrative
10.3. Mergers, Acquisition, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. Company Profiles
11.1. Bayer AG
11.2. Rizobacter
11.3. Groundwork BioAg
11.4. Verdesian Life Scienc
11.5. BioConsortia
11.6. AGTIV
For more information about this report visit https://www.researchandmarkets.com/r/ytvjkp
