North America Agricultural Inoculants Market

North America Agricultural Inoculants Market Size (2024 to 2029)

The North American agricultural inoculants market size is expected to reach USD 119.79 million in 2024 and reach USD 158.05 million by 2029, growing at a CAGR of 5.77% from 2024 to 2029. 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.

The primary factors accounted for the growth of the market are the high demand and cost of basic agrochemicals like pesticides and fertilizers, the increasing need for organic foods and organic farms, and the endless need for increased food productivity to fulfill the needs of a growing population. However, the lack of awareness among growers, a decrease in addressable farm acreage, and a low adoption rate due to a lack of proper channels are hindering the growth of this market. Conversely, high growth potential in developing regions and technological advancement in the production of inoculants offer future growth potential for this market.

SEGMENT ANALYSIS

North America Agricultural Inoculants Market Analysis By Type

• Plant Growth Promoting Micro-organisms
• Bio-control agents
• Plant-resistance Stimulants

North America Agricultural Inoculants Market Analysis By Source

• Bacterial
• Fungal
• Others

North America Agricultural Inoculants Market Analysis By Application

• Seed inoculation
• Soil inoculation
• Others

North America Agricultural Inoculants Market Analysis By Crop Type

• Cereals & grains
• Oilseeds & pulses
• Fruits & vegetables
• Others

COUNTRY ANALYSIS

• United States
• Canada  
• Rest of North America

Based on the geological analysis the market is segregated into regions of Canada and United States of America. Product wise the most popular product is PGPMs – Plant Growth Promoting Micro-organisms having highest share. United States is dominating the market with largest share due to its huge population and is the fastest growing region.

KEY PLAYERS IN THE NORTH AMERICA AGRICULTURAL INOCULANTS MARKET

Some of the key corporations prominent in 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.