Agricultural Inoculants Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 Shifting agricultural practices from conventional to organic farming stem from heightened awareness about the harmful effects of traditional methods on human health and the environment. According to the Research Institute of Organic Agriculture (FiBL), the global area dedicated to organic cultivation increased from 70.9 million ha in 2018 to 76.4 million ha in 2021 across 187 countries. This surge has spurred greater demand for organic solutions like inoculants, driving investments in localized research by both private and public sectors.

Microbial inoculants serve as a natural, sustainable substitute for synthetic inputs, enhancing soil health, nutrient availability, and disease resistance. They also curtail the environmental impact of synthetic inputs, encouraging more sustainable farming practices. This burgeoning demand for microbial inoculants stems from farmers seeking to minimize their environmental impact while cultivating healthier, more sustainable crops. Moreover, the expanding acreage and consumers' growing preference for organic products will positively influence the agricultural inoculants market. Projected to grow from USD 9.19 billion in 2023 to USD 15.17 billion by 2028, this market is anticipated to exhibit a 10.5% CAGR.

Presently, prevailing agricultural methods heavily rely on chemical inputs like fertilizers, pesticides, and herbicides, adversely affecting the nutritional value of produce and posing risks to the health of farm workers and consumers. The excessive use of these chemicals has led to issues like food contamination, resistance problems, and detrimental environmental impacts, significantly impacting human health and soil quality.
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