Quick Summary:
In the rapidly evolving field of sustainable agriculture, the global Agricultural Inoculants market offers a well of untapped potentials. Estimated at a robust US$1.2 Billion in 2022, this market is anticipated to swell to a staggering US$1.8 Billion by 2030. Our comprehensive market research report dives deep into the major contributing factors, growth strategies, and market segments such as Bacterial Inoculants and Fungal Inoculants, forecasting considerable growth in the foreseeable future.
Furthermore, the report expertly dissects the leading geographic markets. Keeping in view the rising market trends, U.S., holding an estimated worth of US$327.4 Million, and China, projected to grow at a remarkable 9.8% CAGR, stand out as areas of significant interest. Whether your operations span across one or multiple geographies, our meticulously crafted report offers key insights, analysis of competitive landscape, and future market predictions to make informed business decisions.
Global Agricultural Inoculants Market to Reach $1.8 Billion by 2030
The global market for Agricultural Inoculants estimated at US$1.2 Billion in the year 2022, is projected to reach a revised size of US$1.8 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030. Bacterial Inoculants, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$809.7 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Fungal Inoculants segment is readjusted to a revised 6.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $327.4 Million, While China is Forecast to Grow at 9.8% CAGR
The Agricultural Inoculants market in the U.S. is estimated at US$327.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$426.9 Million by the year 2030 trailing a CAGR of 9.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.Select Competitors (Total 37 Featured) -
- Advanced Biological Marketing Inc.
- BASF
- Bayer
- BrettYoung
- Cargill
- Chr. Hansen
- Corteva
- Kemin Industries, Inc.
- Lallemand, Inc.
- Novozymes
- Precision Laboratories, LLC
- Provita Supplements GmbH
- Queensland Agricultural Seeds Pty
- Verdesian Life Sciences
- XiteBio Technologies Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Agricultural Inoculants?
What is the growth rate of the Global Market for Agricultural Inoculants?
What is the forecasted size of the Global Market for Agricultural Inoculants?
Who are the key companies in the Global Market for Agricultural Inoculants?
| Report Attribute | Details |
|---|---|
| No. of Pages | 93 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 1.2 Billion |
| Forecasted Market Value ( USD | $ 1.8 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Advanced Biological Marketing Inc.
- BASF
- Bayer
- BrettYoung
- Cargill
- Chr. Hansen
- Corteva
- Kemin Industries, Inc.
- Lallemand, Inc.
- Novozymes
- Precision Laboratories, LLC
- Provita Supplements GmbH
- Queensland Agricultural Seeds Pty
- Verdesian Life Sciences
- XiteBio Technologies Inc.
