The Europe Microbial Soil Inoculants Market size was around USD 82.58 million in 2017. It is expected to grow at a CAGR of 9.4% to reach USD 129.41 million by 2022. It captures 25% of the global market.
Microbial Agricultural Inoculants are customized formulations for soils or seeds to improve plant health and to raise agricultural productivity. Microbial agricultural inoculants also called as soil inoculants are beneficial for plant growth and nutrition. The use of microbial agricultural inoculants enhances the plant growth, suppresses the diseases and increases the yield and also protects the environment. For better productivity in crops, microbial agricultural inoculants focus upon the symbiotic rhizobia that are used for the establishment of the nitrogen-fixing symbiosis with the legumes. Microbial agricultural inoculants also play an important role in the aggregation of soil and also stabilize the soil.
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The growth of this market is driven by the increase in demand of organic fertilizers in the agricultural sector. Secondary factors driving the market include rise in organic and environment-friendly farming practices, rise in demand of agricultural inoculants in developing countries like Asia-Pacific and promotion by the government agencies.
Inadequate knowhow and availability coupled with physical constraints like relatively low shelf life of agricultural inoculants are the primary constraints for the market. Shoddy infrastructure, inadequate storage facilities, and hefty transportation costs, are challenges for market growth.
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The market is segmented by type, by source, and by crop type. By type the market is categorized into Plant growth promoting microorganisms (PGPMs), Bio-control agents, and Plant-resistance stimulants. Inoculants are utilized on a massive scale to improve the plant uptake of nutrients, improve the efficiency of crop production, and cater to the growing demand of organic agricultural products. By Source the market is categorized into Bacterial, Fungal, and others. Bacterial is further sub-segmented into characteristics and types. Characteristics are further categorized into Nitrogen Fixation, Phosphate Solubilization, Sequestering Iron, and Modulating Phytohormone Levels. Types are further categorized into Rhizobacteria, Phosphobacteria, Azotobacter, and Others. Fungal is further sub-segmented into types. Types are further categorized into Micorrhizal, Trichoderma Spp., and others. By Crop Type the market is segmented into Cereals & grains, Oilseeds & pulses, Fruits & vegetables, and other crops.
By geography the market is segmented into UK, Spain, Germany, France and others. It is the second largest market.
Key players in the market include BASF S.E., E. I. Dupont De Nemours Company, Bayer Crop Science, Novozymes A/S, Verdesian Life Sciences LLC, Advanced Biological Marketing Inc., Brettyoung, Precison Laboratories LLC, Queensland Agricultural Seeds Pty Limited, Xitebio Technologies Incorporated.
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