Microbial seeds or microbial inoculants are congregations of microbial organisms planted into the ground to increase plant health. These are symbiotic to a plant and promote plant health. A growing plant requires lots of nutrients from the soil which are seldom present in sufficient quantities for a large volume of plants. Chemical fertilizers have been traditionally used to replenish soil health but are currently falling from favor owing to adverse environmental implications. Microbial seeds provide a natural source of nutrients without the complications or requirement of chemicals. Moreover, as microbes multiply on their own, costs are less than using chemical fertilizers.
Current global population is increasing at a marked rate, with global numbers expected to reach 11 billion by the year 2100. Food demand will put pressure on an already contracting arable land area. In light of the above, fertilizing options will have to be diversified in the future with an eye on sustainable development. The microbial seed treatment market is expected to witness steady growth owing to these trends from 2020 to 2030, as per Transparency Market Research.
Few players are involved in the production of microbial seeds around the world. This makes the market scenario concentrated. A few of these players are-
These players are expected to increase market outreach and awareness among farmers about this agricultural innovation by advertisements and sample distribution to various outcrops. Acquiring smaller production facilities and funding innovations in agriculture should help increase supply for this burgeoning market.
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North America and Europe are currently global leaders in the microbial seed treatment market. This can be attributed to regional dependence of GDP on agricultural produce which gives impetus to agro innovations. Land use in these areas, especially in the United States and Canada is directed towards agricultural produce. Local laws are increasingly stringent to prevent unsustainable development from progressing as regional population calls for environmental protection.
The Asia Pacific region (APAC) is expected to register the fastest growth in this market in the future owing to acceptance of innovations by regional farmers and increased pressure on farms to cater to growing food demand.
Latin America is expected to register healthy rates of growth in this market given that arable land is being increasingly claimed for in this region and agricultural innovations are being promoted by local governments.
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