The Asia Pacific Microbial Soil Inoculants market size was around USD 79.22 million in 2018. It is expected to grow at a CAGR of 9.7% to reach USD 125.85 million by 2023. It captures 20% of the global market.
Microbial agricultural inoculants are customized formulations for soils or seeds to improve plant health and to raise agricultural productivity. Microbial agricultural inoculants also called as soil inoculants are beneficial for plant growth and nutrition. The use of microbial agricultural inoculants enhances the plant growth, suppresses the diseases and increases the yield and also protects the environment. For better productivity in crops, microbial agricultural inoculants focus upon the symbiotic rhizobia that are used for the establishment of the nitrogen-fixing symbiosis with the legumes. Microbial agricultural inoculants also play an important role in the aggregation of soil and also stabilize the soil.
The growth of this market is driven by the increase in demand of organic fertilizers in the agricultural sector. Secondary factors driving the market include rise in organic and environment-friendly farming practices, rise in demand of agricultural inoculants in developing countries like Asia-Pacific and promotion by the government agencies.
Inadequate knowhow and availability coupled with physical constraints like relatively low shelf life of agricultural inoculants are the primary constraints for the market. Shoddy infrastructure, inadequate storage facilities, and hefty transportation costs, are challenges for market growth.
The market is segmented by type, by source, and by crop type. By type the market is categorized into Plant growth promoting microorganisms (PGPMs), Bio-control agents, and Plant-resistance stimulants. Inoculants are utilized on a massive scale to improve the plant uptake of nutrients, improve the efficiency of crop production, and cater to the growing demand of organic agricultural products. By Source the market is categorized into Bacterial, Fungal, and others. Bacterial is further sub-segmented into characteristics and types. Characteristics are further categorized into Nitrogen Fixation, Phosphate Solubilization, Sequestering Iron, and Modulating Phytohormone Levels. Types are further categorized into Rhizobacteria, Phosphobacteria, Azotobacter, and Others. Fungal is further sub-segmented into types. Types are further categorized into Micorrhizal, Trichoderma Spp., and others. By Crop Type the market is segmented into Cereals & grains, Oilseeds & pulses, Fruits & vegetables, and other crops.
By geography the market is segmented into India, China, Korea, Japan and others. Asia Pacific has considerable potential for the development of the microbial agricultural inoculants market with vital contributors being China, India and Japan inter alia.
Key players in the 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.
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 Source
5.1.1 Introduction
5.1.2 Bacterial Inoculants
5.1.2.1 Characteristics of Bacterial Inoculants
5.1.2.1.1 Nitrogen Fixation
5.1.2.1.2 Phosphate Solubilization
5.1.2.1.3 Sequestering Iron
5.1.2.1.4 Modulating Phytohormone Levels
5.1.2.2 Types of Bacterial Sources
5.1.2.2.1 Rhizobacteria
5.1.2.2.2 Phosphobacteria
5.1.2.2.3 Azotobacter
5.1.2.2.4 Others
5.1.3 Fungal Inoculants
5.1.3.1 Types of Fungal Sources
5.1.3.1.1 Micorrhizal
5.1.3.1.2 Trichoderma Spp
5.1.3.1.3 Others
5.1.4 Other Sources
5.1.5 Y-o-Y Growth Analysis, By Source
5.1.6 Market Attractiveness Analysis, By Source
5.1.7 Market Share Analysis, By Source
5.2 Crop Type
5.2.1 Introduction
5.2.2 Cereals & Grains
5.2.3 Oilseeds & Pulses
5.2.4 Fruits & Vegetables
5.2.5 Other Crop Types
5.2.6 Y-o-Y Growth Analysis, By Crop Type
5.2.7 Market Attractiveness Analysis, By Crop Type
5.2.8 Market Share Analysis, By Crop Type
5.3 Type
5.3.1 Introduction
5.3.2 Plant Growth Promoting Microorganisms
5.3.3 Bio-Control Agents
5.3.4 Plant-Resistant Stimulants
5.3.5 Y-o-Y Growth Analysis, By Type
5.3.6 Market Attractiveness Analysis, By Type
5.3.7 Market Share Analysis, By 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 Source
6.1.3.3 By Crop Type
6.1.3.4 By Type
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Source
6.1.4.3 By Crop Type
6.1.4.4 By Type
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Source
6.1.5.3 By Crop Type
6.1.5.4 By 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. Dupont De Nemours and Company
8.3 Bayer Crop Science
8.4 Novozymes A/S
8.5 Verdesian Lifesciences, LLC
8.6 Advanced Biological Marketing Inc.
8.7 Brettyoung
8.8 Precision Laboratories, LLC
8.9 Queensland Agricultural Seeds Pty. Ltd.
8.10 Xitebio Technologies Inc.
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
