The Agricultural Inoculants industry was 431 million USD in 2017 and is projected to reach 836 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 8.61% between 2017 and 2025. The market is driven by various end-user industries, such as Soybean, Cereals and Others.
The industry is concentration, the key brand include BASF, Novozymes, Dupont, BAYER, Verdesian Life Sciences, Stoller, Bio-Soja, Calister S. A and so on. Among them, BASF and Novozymes are the leaders.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The Global Agricultural Inoculants Market Research Report 2018 report released by QYResearch provides a basic overview of the Agricultural Inoculants industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
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The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Agricultural Inoculants industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
North America and South America are the major sales markets, with global market share of 37.81% % and 30.51% in 2017 Respectively. Brazil and Argentina constituted the largest country markets in the Latin American region in 2014. The increase in demand of organically grown food products by the population is fueling the market for agricultural inoculants in this region. Brazil and Argentina are the major contributors in the production of soybean. Agricultural inoculants are widely used for the soybean crops and hence the consumption of inoculants is expected to increase in the next five years. Latin America is one of the largest regions having organic agricultural land area which makes the demand for agricultural inoculants high in this region. North America accounted for the largest market share, due to the high rate of adoption of new technologies to increase the efficiency of crop production and minimize the cost of operations.
With the development of agricultural inoculants production technology, the manufacturers should realize that the copyrights, patents, and intellectual property are most important part of agricultural inoculants. So their share in the international market can increase, and competitiveness in the international market gradually increases.
The global Agricultural Inoculants market was 430 million US$ in 2017 and is expected to 840 million US$ by the end of 2025, growing at a CAGR of 8.6% between 2018 and 2025.
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