Asia Pacific Microbial Inoculation Market

Asia Pacific Microbial Inoculation Market Size (2024 to 2029):

Asia Pacific microbial inoculation market is expected to reach USD 8.71 billion in 2024 and USD 17.44 billion by 2029, which is estimated to grow at a CAGR of 14.9% from 2024 to 2029.

Inoculants are added to the soil for better growth of the plant and to increase the agricultural productivity. They are beneficial for plant nutrition and its growth. It also helps in the aggregation and stabilization of soil.

The rising demand for organic fertilizers is driving the microbial inoculants market. Organic farming helps improve soil quality and controls diseases and pests that are likely to affect plant growth. The rise in the cost of agrochemicals and its negative effect on crops is further driving the market. However, there is a lack of awareness regarding the benefits of microbial inoculants, which is restraining the market growth during the forecast period.

This research report on the Asia Pacific microbial inoculation market research report is segmented and sub-segmented into the following categories.

Asia Pacific Microbial Inoculation Market – By Type:

• Plant growth-promoting microorganisms
• biocontrol agents and stimulants

Plant growth promoting microorganisms are leading the market as they help in enriching the soil and provide immunity to the plant.

Asia Pacific Microbial Inoculation Market – By Source:

• Fungal and bacterial inoculants

Bacterial inoculants hold the dominant share in the market.

Asia Pacific Microbial Inoculation Market – By Application:

• Soil and seed inoculation

Asia Pacific Microbial Inoculation Market – By Crop Type:

• oilseeds and pulses
• fruits and vegetables
• and cereals
• grains

Asia Pacific Microbial Inoculation Market – By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

On the basis of geography, the market is analyzed under various regions, namely China, India, Japan, Australia, and South Korea. Asia Pacific is expected to grow at a significant CAGR.

KEY MARKET PLAYERS:

Some of the key participants in the microbial agricultural inoculants market include BASF S.E., E. I. Dupont De Nemours Company, Bayer Crop Science, Novozymes A/S, Verdesian Life Sciences LLC, Advanced Biological Marketing Inc., Brettyoung, Precison Laboratories LLC, Queensland Agricultural Seeds Pty Limited, Xitebio Technologies Incorporated.