The agricultural inoculant market to reach USD 924 million in 2020 with further growth in Russia

Published 2020년 7월 29일

Tridge summary

The market for agricultural inoculants is projected to grow to US $ 1,207 million by 2025 at a rate of 6.9% annually, driven by the shift towards sustainable farming and the rise of organic farming methods. The trend towards vegetarianism and the demand for high yielding, disease resistant crops, especially in South America and the Asia-Pacific region, are also contributing factors. The market's growth is attributed to inoculants' ability to improve soil quality, accelerate crop growth, and increase yields. The mushroom segment is expected to grow the fastest during this period. Key players in the market include Corteva, BASF, Bayer, Novozymes, and Verdesian Life Sciences, among others.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By 2025, the market for inoculants will be US $ 1,207 million with an annual growth of 6.9%. Basically, growth is expected for the crop production segment, for the livestock segment - silage inoculants - to a much lesser extent. The growth of the inoculant market is largely due to the introduction of organic farming methods, the trend towards sustainability and vegetarianism, analysts at Marketsandmarkets write in their report. Developing countries in South America and the Asia-Pacific region are projected to offer the best opportunities for inoculant growers in the coming years, especially for oilseeds and legumes. Oilseeds are among the most important in developing countries, where they are grown everywhere, forming the basis of the diet of people. The most important crops in this category include soybeans, canola, lentils and vegetable beans. Increased demand for soy is seen in Brazil, the United States, Argentina and China, and in addition, in European countries with strong ...

Source: Agroxxi