Engineered Fluids Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 There's a noticeable shift in agricultural practices from traditional to organic farming due to increased awareness of the harmful effects of conventional methods on human health and the environment. According to the Research Institute of Organic Agriculture (FiBL), the global area dedicated to organic cultivation expanded from 70.9 million ha in 2018 to 76.4 million ha in 2021 across 187 countries. This surge has led to a heightened demand for organic solutions, driving investments in localized research by both private and public sectors.

Microbial inoculants serve as a natural and sustainable substitute for synthetic inputs, enhancing soil health, nutrient availability, and disease resistance. Their use reduces the environmental impact of synthetic inputs and encourages more eco-friendly farming practices. Consequently, farmers are increasingly seeking microbial inoculants to minimize their environmental footprint and cultivate healthier, sustainable crops. Additionally, the growing acreage and consumer preference for organic goods will positively impact the agricultural inoculants market, expected to grow from USD 9.19 billion in 2023 to USD 15.17 billion by 2028, with a 10.5% CAGR.

Presently, conventional agricultural methods heavily rely on chemical inputs like fertilizers, pesticides, and herbicides, negatively affecting the nutritional value of produce and posing risks to farm workers' and consumers' health. Indiscriminate use of these chemicals has led to food contamination, resistance issues, and adverse environmental effects, causing concerns for human health and soil quality.
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