Infinium Global Research has added a new report on Agricultural Inoculant Market. The report presents analysis of global as well as regional markets of agricultural inoculant market over the period of 2016 to 2024. The growing global population is dramatically creating a need for increased food. The chemical fertilizers used for the production of crops does not replace many trace elements present in the soil that are gradually depleting by repeated crop plantings, resulting in long-term damage to the soil. Agricultural inoculants are an environment-friendly alternative that can be combined safely with different types of fertilizers for enhancing the growth of crops. These inoculants are microbial inoculants used to promote the plant growth. These amendments use endophytes that are present within the plants and improve plant nutrient uptake. Inoculants provide a dependable source of beneficial bacteria that survive in the soil and become available to the plant.
The key driving factors for the growth of agricultural inoculant market is the rise in demand for environment-friendly and cost-effective techniques owing to the developments in the field of sustainable agriculture. The use of agricultural inoculants is of economic importance to modern agriculture as they can replace costly mineral fertilizers and chemical pesticides, lowering production cost and reducing environmental pollution while ensuring higher yields. The lack of awareness about modern agricultural techniques acts as a hindrance for the growth of the agricultural inoculant market Moreover, the shifting trend towards organic farming, increasing awareness about the deficiencies of traditional agricultural practices and the rate of technological innovations in the agricultural industry could create an opportunity for the growth of the agricultural inoculant market.
By geography, Latin America regions hold the largest share in agricultural inoculant market. North America is one of the fastest growing agricultural inoculant owing to the sustainable developments in the agricultural sector. In addition, Asia Pacific is also expected to gain rapid development in the global agricultural inoculant owing to the rising demand for organic food products over the forecast period. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global agricultural inoculant market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that Latin America dominated the global agricultural inoculant market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the agricultural inoculant market worldwide.
The report segments the global agricultural inoculant market on the basis of Source, Types and Application.
Global Agricultural Inoculant Market by Source
· Bacterial Inoculants
· Fungal Inoculants
· Fungal Inoculants
Global Agricultural Inoculant Market by Types
· Biocontrol Agents
· Plant Resistant Stimulant
· Plant Growth Promoting Microorganisms
Global Agricultural Inoculant Market by Application
Companies Profiled in the Report
· XiteBio Technologies
· Verdesian Lifesciences, LLC
· Advanced Biological Marketing, Inc.
· Precision Laboratories, LLC
· Queensland Agricultural Seeds Pty. Ltd.
About Infinium Global Research
Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.
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