The agricultural inoculant market to reach USD 924 million in 2020 with further growth in Russia
Soybean
Russia
Published Jul 30, 2020
Tridge summary
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
Original content
. 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 vegetarian movements - soy remains the most popular source of protein for vegetarian consumers. Accordingly, there is a strong demand for high yielding and disease resistant soybeans as a premium cash crop, as well as seed ...
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