refer to beneficial bacteria which help to enhance the growth of plants. Agricultural Inoculants are microorganisms which are articulated and applied to the surface for stimulating plant health and refining agricultural efficiency. It can be in several forms such as bacteria, fungi, or other microbes, which assist in inhibiting disease, improving plant development, and cultivating crop yield. They are accessible in solid, liquid, and freeze-dried methods. Inoculant criteria have been altering and the occurrence of their treatment has also been expanding. The agricultural inoculants are broadly divided into several crop types such as cereals & grains, oil seeds & pulses, fruits & vegetables and others. These inoculants are basically applied on soil or seeds for crop enhancement purposes.
In seed inoculation, seeds are covered with microbes that aid in nitrogen fixation and therefore are mainly used for pulses and soybean production. It is the most communal method of inoculation as it is easy and more operative under utmost conditions. The agricultural inoculants market
is projected to be $XXm in 2015 and is anticipated to reach $XXm by 2021. The agricultural inoculation market is estimated to grow at a CAGR of XX% from 2016 to 2021.
Asia-Pacific (APAC) has been the leading region in terms of deployment and adoption of agricultural inoculant market, followed by North America and Europe in 2015. The APAC region is the fastest-growing market for agricultural inoculant, in terms of volumes. The development of latest agricultural expertise and practices in the APAC region is also accountable for the rise in market in terms of consumption and production capacity from the developed markets to the developing markets. India is one of the dominating countries in agricultural inoculant market in the APAC region. Growing consciousness on the necessity for soil minerals and their consumption which helps the crop growth has been the major driver for the growth of this market.
The leading players in this market include:
- America's Best Inoculant
- IAB, S.L.
- Monsanto BioAg
- Soil Technologies Corp.
- XiteBio Technologies Inc