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Major firms operating in the industry are BASF (Germany), Novozymes (Denmark), Corteva (US), Bayer (Germany), Precision Laboratories, LLC (US), Advanced Biological Marketing Inc. (US), XiteBio Technologies Inc. (Canada), BrettYoung (US), Verdesian Life Sciences (US), and Queensland Agricultural Seeds Pty (Australia).New York, March 29, 2021 (GLOBE NEWSWIRE) -- Market Size – USD 925 million in 2020, Market Growth – at a CAGR of 6.8%, Market Trends – Rapid adoption of environmentally friendly farming practices globally The global inoculants market size is expected to reach USD 1469.6 Million by 2028 at a CAGR of 6.8%, according to a new report by Reports and Data. In modern farming, the use of pesticides as well as fertilizers is found to be high, which is causing several critical issues, including microbial imbalance, soil pollution, reduction in productivity and soil fertility, and loss of beneficial organism and natural biocontrol agents. Moreover, the emerging insects’ resistance is triggering the need for various alternatives. Thus, inoculants play a crucial role in ensuring soil health and fertility, agricultural sustainability, and plant health. Apart from agricultural inoculants, there is another type available in the market, known as silage inoculants. Rapidly expanding poultry industry worldwide, growing use of silage in the form of feedstock for producing biofuel, and the increasing rate of the livestock sector, are augmenting the need for silage inoculant, thus contributing to the sector’s growth. Additionally, limited availability of fertile land, and rapidly changing environment conditions are responsible for triggering demand for agriculture inoculants. Moreover, the rising prices of pesticides and fertilizers are further propelling the industry, owing to their lower cost than chemical fertilizers. However, the lack of awareness about inoculants among growers/farmers in several emerging nations, and agricultural inoculants’ reduced shelf life are some of the factors restricting the industry expansion. Asia Pacific is predicted to dominate the overall industry in the estimated period owing to the soaring demand for various types of food products in nations, such as China, Indonesia, and Sri Lanka. Increasing rate of meat consuming and the rapid industrialization of animal farm production are stimulated the need for silage inoculant market in APAC. Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/3906 Further key findings in the report In 2019, a leading company—Bayer AG, launched CTS 500, an innovative industrial soybean inoculant in Brazil. This CTS 500 provides high number of root nodules and guarantees in soyabean seeds’ pre-treatment for almost 60 days.Expensive agrochemicals and their adverse impact on the plants/crops is positively impacting the inoculants industry’s growth.North America is foreseen to capture a significant rise in the agricultural inoculants industry share in the coming years. Furthermore, the U.S. showcases above 30% of the overall agricultural inoculants market’s possession. This is because of the fast acceptance of forefront technologies to increase the productivity of crops and cut down the production cost. Inoculants Market Size, Share & Analysis, By Type (Agricultural Inoculants And Silage Inoculants), By Microbe (Bacterial And Fungal), By Crop Type (Oilseeds & Pulses, Cereals & Grains, Fruits & Vegetables, And Forage), By Region, And Forecast To 2028; To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/inoculants-market Major Firms Operating in the Industry: BASF (Germany)Novozymes (Denmark)Corteva (US)Bayer (Germany)Precision LaboratoriesLLC (US)Advanced Biological Marketing Inc. (US)XiteBio Technologies Inc. (Canada)BrettYoung (US)Verdesian Life Sciences (US)Queensland Agricultural Seeds Pty (Australia) For the purpose of this report, Reports and Data has segmented the global inoculants market on the basis of product type, microbe, crop type, and region: Type Outlook (Revenue, USD Million, 2018 - 2028) Agricultural inoculants Plant-growth-promoting microorganismsBiocontrol agentsPlant-resistant stimulants Silage inoculants HomofermentativeHeterofermentative Crop Type Outlook (Revenue, USD Million, 2018 - 2028) Cereals & grainsOilseeds & pulsesFruits & vegetablesForageOther crop types (turf & ornamentals, plantation crops, and fiber crops) Microbes Outlook (Revenue, USD Million, 2018 - 2028) Bacterial RhizobacteriaPhosphobacteriaAzotobacterLactobacillusPediococcusEnterococcusOther bacterial (Azospirillum, Bacillus, and Pseudomonas putida) Fungal MycorrhizaTrichoderma spp.Other fungal (Paecelomyces lilacinus, Aspergillus, and Penicillium spp) Other microbes (algal, viral, and protozoan) Order Now: https://www.reportsanddata.com/checkout-form/3906 Regional Outlook (Revenue, USD Million, 2018 - 2028) North America U.S.Canada Europe GermanyU.K.FranceSpainItalyRest of Europe Asia Pacific ChinaIndiaJapanAustralia Central & South America BrazilLatin AmericaPeruRest of South America Middle East & Africa South AfricaNorth Africa Browse similar research reports: Grain Silos and Storage System Market Size, Share & Analysis, By Silo Type (Flat Bottom Silo, Hopper Silo, Grain Bins, and Other Silo Types), Commodity Type (Rice, Wheat, Maize, Soybean, Sunflower, and Other Commodity Types), And By Region, Forecast To 2028 Agricultural Pumps Market Size, Share & Analysis, By Type (Rotodynamic Pumps, Positive Displacement Pumps), Power Source (Electricity-grid Connection, Diesel/Petrol, Solar), HP, End-Use (Irrigation, Livestock Watering), And Region, Forecast To 2028 Commercial Greenhouse Market Size, Share & Analysis, By Product Type (Flowers & Ornamentals, Fruits, Vegetables, Nursery Crops), Type (Plastic Greenhouse, Glass Greenhouse), Equipment (Heating Systems, Cooling Systems), And Region, Forecast To 2028 About Reports and Data Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John W Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: [email protected] Read Full Press Release: https://www.reportsanddata.com/press-release/global-inoculants-market