Microbial Inoculation Market Size was worth USD xx billion in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026. Inoculants are added to the soil for better growth of the plant and to increase agricultural productivity. They are beneficial for plant nutrition and its growth. It also helps in the aggregation and stabilization of soil.
Microbial Inoculation Market Drivers:
The rising demand for organic fertilizers is driving the microbial inoculants market. Organic farming helps improve soil quality and controls diseases and pests which 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.
Microbial Inoculation Market - By Type:
Plant growth-promoting microorganisms
Plant growth-promoting microorganisms are leading the market as they help in enriching the soil and provide immunity to the plant.
Microbial Inoculation Market - By Source:
Bacterial inoculants hold the dominant share in the market.
Microbial Inoculation Market - By Application:
Microbial Inoculation Market - By Crop Type:
The Market is Geographically divided into:
The Microbial Inoculation market was dominated by North America. Asia Pacific is expected to grow at a significant CAGR while Latin America is expected to show the fastest growth.
Key Players:
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1200
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]