Press release
Genetically Modified Plants' Impact On Inoculants Market Growth: Pivotal Factor Influencing Inoculants Market Growth in 2025
Inoculants
Inoculants Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market for inoculants has witnessed a substantial expansion. This growth will continue, with the market size projected to increase from $1.27 billion in 2024 to $1.39 billion in 2025, showing a compound annual growth rate (CAGR) of 9.6%. The surge experienced during the historical period is credited to factors such as augmented agricultural activities, heightened awareness and education, emerging crop rotation trends, environmental considerations, and market competition.
How Will the Inoculants Market Size Evolve and Grow by 2029?
We anticipate robust expansion in the inoculants market over the coming years. The market is projected to escalate to a valuation of "$2.01 billion in 2029, growing at a Compound Annual Growth Rate (CAGR) of 9.7%. Factors contributing to this growth within the prediction period encompass climate change influences, governmental endeavors for sustainability, investments in research and development, a surge in consumer demand for sustainable agriculture, and precision agriculture. Key trends set to dominate the forecast timeframe include technological advancements, uptake of technology, tailored solutions for specific crops, collaborations and strategic alliances, as well as sustainable practices.
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What Drivers Are Propelling the Growth of Inoculants Market Forward?
The rising demand for genetically engineered plants is anticipated to drive the inoculants market's advancement. Genetically engineered plants are biologically-modified with a technique known as recombinant DNA technology, which imparts new features or qualities to these plants by incorporating specific DNA patterns into their genomes. Inoculants boost the performance and sustainability of such genetically engineered plants. As eco-friendly plant nutrient carriers, microbial inoculants help reduce environmental impacts of chemical inputs and enhance farm produce's quality and quantity. For example, the U.S. Department of Agriculture reported in July 2024 that over 90% of corn, upland cotton, and soybeans cultivated in the United States utilize genetically engineered (GE) varieties. As such, the escalating demand for genetically engineered plants is fuelling the expansion of the inoculants market.
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Which Emerging Trends Are Transforming the Inoculants Market in 2025?
The inoculants market is progressing through enhanced microbial formulations. In July 2024, US-based Novonesis introduced Legumax Plus, a high-concentration bradyrhizobium japonicum inoculant. It simplifies application logistics while improving nitrogen fixation in soybeans, featuring five billion CFU/ml and 12-month shelf life.
What Are the Key Segments in the Inoculants Market?
The inoculants market covered in this report is segmented -
1) By Type: Agricultural Inoculants, Silage Inoculants
2) By Form: Dry, Liquid
3) By Microbe: Bacterial, Fungal, Other Microbes
4) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And vegetables, Forage, Other Crop Types
Subsegments:
1) By Agricultural Inoculants: Nitrogen-Fixing Inoculants, Phosphate-Solubilizing Inoculants, Mycorrhizal Inoculants
2) By Silage Inoculants: Lactic Acid Bacteria Inoculants, Enzyme-Based Inoculants, Chemical Additives
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Who Are the Key Players Shaping the Inoculants Market's Competitive Landscape?
Major companies operating in the inoculants market include Corteva Inc., BASF SE, Bayer AG, Novozymes A/S, Verdesian Life Sciences LLC, BrettYoung seeds Limited, Queensland Agricultural Seeds, XiteBio Technologies Inc., Precision Laboratories LLC, Cargill Incorporated, Koninklijke DSM N.V., Kemin Industries Inc., Microbial Biological Fertilizers International (MBFi), Advanced Biological Marketing Inc., Archer Daniels Midland Company, Horticultural Alliance Inc., Syngenta AG, AquaBella Organics LLC, Dow Inc., Premier Tech, Bioceres Crop Solutions, Lesaffre, Lallemond Inc., Mapleton Agri Biotec Pty. Ltd., New Edge Microbials Pty. Ltd., T.Stanes & Company Limited, Bactolife A/S, Rhizobia Inoculants Inc., Symbionix Inc., TerraMax Inc.
What Geographic Markets Are Powering Growth in the Inoculants Market?
North America was the largest region in the inoculants market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global inoculants market report during the forecast period. The regions covered in the inoculants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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