Published Date : Mar 14, 2017
ALBANY, New York, March 14, 2017: MarketResearchReports.biz has announced the addition of a new market intelligence study to its report repository. The publication is titled, “Global Microbial Agricultural Inoculants Market 2017-2021.” The study examines the growth of the market followed over the last few years and the prospects of growth in the near future, mainly in terms of sales. The research report details out the causes accountable for the variations in the market and analyses them thoroughly. The impact of certain trends has also been discussed in the report. It further provides data on the market shares, strategies, and products of leading companies.
Microbial agricultural inoculants are referred to as the microbes which are specially formulated for soils and seeds in order to enhance plant health and trigger agricultural productivity. These microbes are of different types such as fungi, bacteria, and other different microbes in order to enhance crop yield, encourage plant growth, and prevent disease. These microbes are available in different forms such as freeze-dried, liquid, and solid. Along with the changing inoculants standards, their using frequency is also on a rise. According to the report, the global microbial agricultural inoculants market is expected to expand at a CAGR around 10% during the forecast period. One of the primary factors responsible for the growth of the global microbial agricultural inoculants market is the rising demand for eco-friendly and organic agricultural and farming practices.
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The agricultural sector has witnessed significant progress over the last few years and agricultural production has also surged owing to the use of advanced seeds, fertilizers, and chemical pesticides. Nevertheless, many chemical pesticides along with negatively impacting the environment, also has serious impact on human health and leads to soil biology imbalance, thus causing the agricultural productivity to degrade. Furthermore, numerous farmers are striving to maintain the fertility of the soil by employing compost and organic manure instead of synthetic pesticides and fertilizers. This is expected to contribute to the growth of the global microbial agricultural inoculants market.
Based on type, the microbial agricultural inoculants market can be segmented into pant disease resistance stimulants, biological pest control agents, and plant growth promoting microorganisms. In 2016, the segment of plant growth promoting microorganisms led the market is expected to continue its dominance until 2021 owing to its ability to provide immunity to the seeds and enrich the soil. Region-wise, the market was dominated by North America and it is expected to maintain a lead owing to the substantial return on investments done by the market players and the growing preference of bio-farming. Some of the leading players in the global microbial agricultural inoculants market are Novozymes, DuPont, Bayer, BASF, and ABM.
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