North America Microbial Inoculation Market

North America Microbial Inoculation Market Size, Growth, Trends and Forecast:

North America Microbial Inoculation Market 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 the agricultural productivity. They are beneficial for plant nutrition and its growth. It also helps in the aggregation and stabilisation of soil.

Drivers and Restraints of North America Microbial Inoculation Market:

The rising demand of organic fertilisers 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.

The market for Microbial Inoculation is broadly categorized into type, source, application and crop type. By type the market is divided into 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. By source the market is divided into fungal and bacterial inoculants. Bacterial inoculants hold the dominant share in the market.

North America Microbial Inoculation Market Segmentation:

North America Microbial Inoculation Market - By Application:

• Soil

• Seed inoculation

North America Microbial Inoculation Market - By Crop Type:

• Oilseeds
• Pulses
• Fruits
• Vegetables
• Cereals
• Grains

Geographical Analysis:

On the basis of geography, the market is analysed under various regions namely

• U.S.A
• Canada

The Microbial Inoculation market was dominated by North America due to technological advancements helping in cost reduction and improved crop productivity.

Key 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.