The Asia Pacific Agricultural Inoculants Market was worth USD 137.36 million in 2021 and estimated to be growing at a CAGR of 5.51%, to reach USD 190.86 million by 2026. With the growing demand for organic food and organic farming, and strict environmental regulations regarding the use of chemical fertilizers and pesticides, the necessity for agricultural inoculants is increasing which boosts the growth of this market in the above-mentioned forecast period.
Sometimes the plants do not get adequate nutrients be it due to infertility of the soil or poor retention or improper maintenance. Micro and Macro nutrients play important role in the growth and development of plant as they are a key component in many life stages of a plant. Agricultural Inoculants ensure that these essential nutrients are supplied to the plant thereby ensuring the health of plant and increasing crop yield.
Asia Pacific Agricultural Inoculants Market Drivers:
Major driving forces of the market are high demand and cost of basic agrochemicals like pesticides and fertilizers, increasing popularity for organic foods and organic farms, and the everlasting need for increased food productivity to satisfy the needs of growing population. Asian countries being the largest consumers of rice have the increased demand for improving food production. But the lack of awareness among consumers and low adoption rate due to lack of proper channels is hindering the growth of this market. Furthermore, high growth potential in developing regions and technological advancement in synthesis of inoculants provide the future growth potential for this market.
Asia Pacific Agricultural Inoculants Market – By Type:
Plant Growth Promoting Micro-organisms
Asia Pacific Agricultural Inoculants Market – By Source:
Asia Pacific Agricultural Inoculants Market – By Application:
Asia Pacific Agricultural Inoculants Market – By Crop Type:
Geographical Analysis:
Based on the geographical analysis the market is categorized into regions of China, Japan, South Korea, Taiwan, India, Southeast Asia, Australia. Product wise the most popular product is PGPMs – Plant Growth Promoting Micro-organisms having highest share. China is dominating the market with largest share owing to its huge population. India is the fastest growing region.
Key Players:
Some of the key companies leading this market include BASF SE, E.I. Du Pont de Nemours and Company, Bayer CropScience, Novozymes A/S, Brettyoung, Verdesian Life Sciences, Dow Chemical Company, Syngenta Ag, Precision Laboratories, Xitebio Technologies.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Plant Growth Promoting Micro-organisms
5.1.3 Bio-Control Agents
5.1.4 Plant-resistance Stimulants
5.1.5 Y-o-Y Growth Analysis, By type
5.1.6 Market Attractiveness Analysis, By Type
5.1.7 Market Share Analysis, By Type
5.3 Source
5.2.1 Introduction
5.2.2 Bacterial
5.2.3 Fungal
5.2.4 Others
5.2.5 Y-o-Y Growth Analysis, By Source
5.2.6 Market Attractiveness Analysis, By Source
5.2.7 Market Share Analysis, By Source
5.3 Application
5.3.1 Introduction
5.3.2 Seed inoculation
5.3.3 Soil inoculation
5.3.4 Other Applications
5.3.5 Y-o-Y Growth Analysis, By Application
5.3.6 Market Attractiveness Analysis, By Application
5.3.7 Market Share Analysis, By Application
5.4 Crop Types
5.4.1 Introduction
5.4.2 Cereals & Grains
5.4.3 Oilseeds & Pulses
5.4.4 Fruits & Vegetables
5.4.5 Other Crops
5.4.6 Y-o-Y Growth Analysis, By Crop type
5.4.7 Market Attractiveness Analysis, By Crop type
5.4.8 Market Share Analysis, By Crop type
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Source
6.1.3.4 By Application
6.1.3.5 By Crop type
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Source
6.1.4.4 By Application
6.1.4.5 By Crop type
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Source
6.1.5.4 By Application
6.1.5.5 By Crop type
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 BASF SE
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 E.I. Du Pont de Nemours and Company
8.3 Bayer CropScience
8.4 Novozymes A/S
8.5 Brettyoung
8.6 Verdesian life sciences
8.7 Dow Chemical Company
8.8 Syngenta Ag
8.9 Precision Laboratories
8.10 Xitebio Technologies
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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