Market Outlook

Cereal inoculants are one of the types of agricultural inoculants and are prepared from the various culture of bacteria to promote the growth of cereal crops. Cereal inoculants support the crops by preventing various diseases along with providing various essential nutrients to the crops. The pesticides or fertilizers sourced from various chemicals reduces the fertility of the soil that decreases the yield. Hence, to maintain the yield and fertility of soil the cereal inoculants market are facing very high demand across the globe as it is prepared from the natural, biodegradable and environmentally friendly components. These are the key factors that are boosting the market for cereal inoculants.

Rising Trend for Natural and Sustainable Farming Surging the Overall Cereal Inoculants Market Growth

Food safety and quality of food products are the two major aspects that have become ever-increasing attention of the customers. Conventionally grown cereals or crops have adverse effects on the health due to the presence of the high amount of residue of insecticides/pesticide, heavy metals, more nitrate, antibiotic residue, hormones, and GMOs (genetically modified organisms) as well. Additionally, the conventionally grown cereals are less nutritious and have a low amount of antioxidants. The rising quest for safer food products, the demand for natural and sustainable sourced has increased across the globe. The application of cereal inoculants is of economic significance to recent farming as it can replace expensive chemical pesticides and mineral-based fertilizers decreasing the overall production cost as well as decreasing the environmental pollution whereas ensuring higher crop yields. The inclination of consumers towards clean label and naturally sourced products and an increasing trend for sustainable farming are key factors escalating the demand for cereal inoculants market across the globe and is anticipated to grow over the upcoming years.

Global Cereal Inoculants: Market Segmentation

Based on product type, the global Cereal Inoculants market has been segmented as-

  • Plant Resistance Stimulants
  • Biocontrol Agent
  • Growth Promoters

Based on source, the global Cereal Inoculants market can be segmented as-

  • Fungi
    • Trichoderma spp.
    • Mycorrhiza
    • Aspergillus
    • Penicillium spp
    • Others
  • Bacteria
    • Rhizobacteria
    • Lactobacillus
    • Azotobacter
    • Enterococcus
    • Others
  • Others (Algae, Protozoans, e.t.c.)

Global Cereal Inoculants Market: Key Players

The rising trend for health and wellness along with a shift towards naturally sourced crops among the population is projected to have a major impact on the global cereal inoculants market. The key producers operating their business in global cereal inoculants market includes Premier Tech Ltd, Bayer AG, Kemin Industries, Inc., BASF SE, Genetic Technologies Limited, Novozymes A/S, Precision Laboratories Incorporated, du Pont de Nemours and Company, and XiteBio Technologies Inc among others. The cereal inoculants market has range of local player. The global manufacturers of cereal inoculants are focusing to merger and acquisition strategy for their business expansion. However, some of them are started joint-ventures to make more profits from cereal inoculants.  

For instance, in April 2019, Bayer AG has introduced an industrial biological inoculant (soybean)/ cereal inoculants, in the Brazilian market.

Opportunities for Market Participants:              

The rising sustainable farming practices across the globe is fueling the growth for the global cereal inoculants market. The modern agricultural science approaches are moving towards the use of biological as well as organic crop protection products. Agriculturalists are focusing on to produce healthy crops by sustainable approaches to fulfil the requirements of a rising population, mainly in the European nations are supporting sustainable and organic farming among growers that is increasing the popularity of cereal inoculants. Apart from that, the rising organic commodities prices enabling the farmers to produce organic crops these are the key factors creating growth prospects for cereal inoculants manufacturers to launch innovative solutions for their global business expansion. The shifting trends of organic cultivation, increasing awareness regarding the deficits of traditional farming practices in the global agricultural industry is creating opportunities for the global cereal inoculants market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Cereal Inoculants Market

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