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According to this report, the Global Inoculants market accounted for $723.67 million in 2019 and is expected to reach $1,431.41 million by 2027 growing at a CAGR of 8.9% during the forecast period. Increase in feed grain and compound feed prices, shift in the trend toward the adoption of organic and environment-friendly farming practices and environmental concerns related to the usage of fertilizers and pesticides are propelling market growth. However, shelf life of agricultural inoculants and limited awareness regarding both agricultural and silage inoculants are hampering market growth.
Inoculants are a blend of microorganisms that improve the fertility and health of the soil. It is also known as microbial inoculants that help in improving host plant nutritional status and reduce the need for fertilizer inputs. Inoculants contain beneficial microbes, including bacteria, fungi, protozoa, and algae that prom