Global Agricultural Innoculants Market Research Growth, Trend and Forecast 2018
Market Overview:
The global Agricultural Innoculants market was valued at USD 302.1million in 2016 and is projected to reach USD 683.7 million by 2025, growing at a CAGR of 9.50% from 2017 to 2025.
Agricultural innoculants are majorly employed to improve plant health. Their ability to induce systemic acquired resistance in plants is driving demand for these products. The adoption of sustainable agricultural practices coupled with increasing focus on increasing yields is expected to boost market demand.
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Market Dynamics:
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Market Drivers
1.1 Adoption of mulching technology
1.2 Effective use of water in crop cultivation
2. Market Restraints
2.1 High cost of installation
2.2 Adverse effects of plastics
Market Segmentation:
The global Agricultural Innoculants market is segmented on the basis of source, mode of application, crop type, and region.
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By Source:
1.1 Bacteria
1.2 Fungi
1.3 Others
2. By Mode of Application:
2.1 Seed Innoculation
2.2 Soil Innoculation
2.3 Others
3. By Crop Type:
3.1 Grains and Cereals
3.2 Vegetables and Fruits
3.3 Oilseeds and Pulses
3.4 Others
4. By Region:
4.1 North America U.S., Canada, Mexico
4.2 Europe Germany, UK, France, Rest of Europe
4.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
4.4 Latin America Brazil, Argentina, Rest of Latin America
4.5 Middle East & Africa
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The major players in the market are as follows:
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BASF SE
2. Xitebio Technologies
3. EI Du Pont De Nemours
4. Queensland Agricultural Seeds
5. Bayer CropScience
6. Precision Laboratories LLC
7. Novozymes A/S
8. Brettyoung
9. Advanced Biological Marketing
10. VerdesianLifesciences
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology of Planet Market Reports
Research study on the Agricultural Innoculants Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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