The global Inoculants Market size is expected to reach USD 1469.6 Million by 2028 at a CAGR of 6.8%, according to a new report by Reports and Data. Inoculants, which is also known as microbial inoculants, aid in enhancing the nutritional status of host plant, along with reducing the requirement for fertilizer inputs. Containing several beneficial microbes such as fungi, bacteria, algae, and protozoa, inoculants are able to carry out growth in plants, along with suppressing diseases or pests.Get sample copy of the report @ www.reportsanddata.com/sample-enquiry-form/3906
Leading companies in the market include Corteva (US), BASF (Germany), Bayer (Germany), Novozymes (Denmark), BrettYoung (US), Precision Laboratories, LLC (US), Verdesian Life Sciences (US), Advanced Biological Marketing Inc. (US), Queensland Agricultural Seeds Pty (Australia), and XiteBio Technologies Inc. (Canada).
Further key findings in the report
• Rapid expansion in the livestock industry, increasing feed grain’s prices, and fast adoption of sustainable and organic farming practices by global farmers because of the growing health concerns worldwide are accelerating the sector’s growth.
• The fungal sub-segment is foreseen to occupy the highest growth over the commenced period. Fungal inoculants aid plants in absorbing various nutrients and phosphorus.
• Asia Pacific region is dominating the industry owing to the soaring need for food products in emerging nations.
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Type Outlook (Revenue, USD Million, 2018 - 2028)
• Agricultural inoculants
• Plant-growth-promoting microorganisms
• Biocontrol agents
• Plant-resistant stimulants
• Silage inoculants
• Homofermentative
• Heterofermentative
Crop Type Outlook (Revenue, USD Million, 2018 - 2028)
• Cereals & grains
• Oilseeds & pulses
• Fruits & vegetables
• Forage
• Other crop types
Microbes Outlook (Revenue, USD Million, 2018 - 2028)
• Bacterial
• Rhizobacteria
• Phosphobacteria
• Azotobacter
• Lactobacillus
• Pediococcus
• Enterococcus
• Other bacterial
• Fungal
• Mycorrhiza
• Trichoderma spp.
• Other fungal (Paecelomyces lilacinus, Aspergillus, and Penicillium spp)
• Other microbes (algal, viral, and protozoan)
Regional Outlook (Revenue, USD Million, 2018 - 2028)
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Australia
• Central & South America
o Brazil
o Latin America
o Peru
o Rest of South America
• Middle East & Africa
o South Africa
o North Africa
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Identifying the basic business drivers, challenges, and tactics adopted:
• An overview of the multifarious applications, business areas and the latest trends observed in the industry has been laid out by this study.
• The research inspects the sales channels (indirect, direct, marketing) that companies have chosen for the primary product distributors and the superior clientele of the market.
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