The demand for fungal inoculants is projected to rise at a rate of 5.0% in the 2021-2028 forecast period. Rising soybean production in emerging economies, which will serve as a driver for the demand for fungal inoculants in the 2021-2028 projected timeframe.
Inoculants, also known as beneficial microorganisms, can be used as modifications to soil and plants in agriculture. In agriculture, different types of microorganisms are used, such as plant growth promoters, suppliers of nutrients, and natural elements that protect plants. In order to enhance plant nutrition, agricultural inoculants are used and can also be used to encourage plant growth by stimulating plant hormone development.
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The major players covered in the fungal inoculants report are BASF SE; Bayer AG; Novozymes; Verdesian Life Sciences.; ABM ADVANCED BIOLOGICAL MARKETING; BRETTYOUNG; Precision Laboratories, LLC; Queensland Agricultural Seeds; TerraMax, Inc.; XiteBio Technologies Inc.; Chr. Hansen Holding A/S; Lallemand Inc.; Kemin Industries, Inc.; Provita Supplements GmbH; Corteva; MBFi.; Cargill, Incorporated.; TerraMax, Inc.; BIOMIN Holding GmbH; ADM; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Fungal Inoculants Market Scope and Market Size
Fungal inoculants market is segmented on the basis of source, type, crop type, and mode of application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the fungal inoculants market is segmented into mycorrhiza, trichoderma spp., and other fungal sources.
- Based on type, the fungal inoculants market is segmented into agricultural inoculants, and silage inoculants. Agricultural inoculants have been further segmented into plant-growth-promoting microorganisms, biocontrol agents, and plant-resistant stimulants. Silage inoculants have been further segmented into homofermentative, and heterofermentative. Silage inoculants will hold the largest market share due to the expansion of the livestock industry.
- Based on the crop type, the fungal inoculants market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, forage, and others. Others have been further segmented into turf and ornamentals, plantation crops, and fiber crops. Cereals and grains will hold the largest market share due to the growing production as well as consumption of the product in various regions.
- The fungal inoculants market is also segmented on the basis of mode of application. The mode of application is segmented into seed inoculation, soil inoculation, and others.
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Fungal Inoculants Market Country Level Analysis
Fungal inoculants market is analyses and market size, volume information is provided by country by source, type, crop type, and mode of application as referenced above.
The countries covered in the fungal inoculants market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
North America dominates the fungal inoculants market due to the rising demand for organic culture commodities along with the adoption of new agricultural technologies in the region while Asia-Pacific region will expect to grow in the fungal inoculants market during the forecast period 2021 to 2028 due to the increasing awareness among the people regarding the benefits of bio-based products along with rising adoption of the product in the region.
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