The global demand for inoculants is increasing significantly due to the growing awareness among farmers about the various benefits offered by inoculants in increasing farm profitability.
In South America, countries such as Brazil and Argentina are projected to offer high growth prospects in the coming years, as they are ranked among the largest producers of soybean at a global level, driving the demand for inoculants in the region.
In South America, countries such as Brazil and Argentina are projected to offer high growth prospects in the coming years, as they are ranked among the largest producers of soybean at a global level, driving the demand for inoculants in the region.
The inoculants market is estimated to reach USD 924 million in 2020 and is projected to account for USD 1,207 million by 2025, recording a CAGR of 6.9% during the forecast period.
In South America, countries such as Brazil and Argentina are projected to offer high growth prospects in the coming years, as they are ranked among the largest producers of soybean at a global level, driving the demand for inoculants in the region.
The inoculants market is estimated to reach USD 924 million in 2020 and is projected to account for USD 1,207 million by 2025, recording a CAGR of 6.9% during the forecast period.
The inoculants market is estimated to reach USD 924 million in 2020 and is projected to account for USD 1,207 million by 2025, recording a CAGR of 6.9% during the forecast period.
The inoculants market includes major product manufacturers like Corteva (US), BASF (Germany), Bayer (Germany), Novozymes (Denmark), and Verdesian Life Sciences (US).
The inoculants market is estimated to reach USD 924 million in 2020 and is projected to account for USD 1,207 million by 2025, recording a CAGR of 6.9% during the forecast period.
In South America, countries such as Brazil and Argentina are projected to offer high growth prospects in the coming years, as they are ranked among the largest producers of soybean at a global level, driving the demand for inoculants in the region.
In South America, countries such as Brazil and Argentina are projected to offer high growth prospects in the coming years, as they are ranked among the largest producers of soybean at a global level, driving the demand for inoculants in the region.
In South America, countries such as Brazil and Argentina are projected to offer high growth prospects in the coming years, as they are ranked among the largest producers of soybean at a global level, driving the demand for inoculants in the region.
In South America, countries such as Brazil and Argentina are projected to offer high growth prospects in the coming years, as they are ranked among the largest producers of soybean at a global level, driving the demand for inoculants in the region.
The South American inoculants market is projected to account for the largest share by 2025. Countries such as Brazil and Argentina are the largest country-level markets in the Latin American region. Both these countries are the major producers of soybean.
The growth of the livestock industry, rise in prices of feed grains, and adoption of organic farming practices by farmers due to the increasing health concerns among consumers are projected to drive the growth of the market.
The growth of the livestock industry, rise in prices of feed grains, and adoption of organic farming practices by farmers due to the increasing health concerns among consumers are projected to drive the growth of the market.