The global inoculants market was valued at USD 1.1 billion in 2022 and is projected to reach USD 1.7 billion by 2027, growing at a compound annual growth rate (CAGR) of 8.1%. The rising need to reduce pollution from agricultural waste has driven greater adoption of composting practices in farming. Agricultural inoculants, regarded as an advanced method within composting techniques, have seen increased usage as a result. Additionally, demand for agricultural inoculants is rising in developed economies, driven by the growing preference for organic inputs that enhance crop yields.
Top 10 Companies in the Inoculants Market
- Corteva Agriscience (US)
- BASF SE (Germany)
- Bayer AG (Germany)
- Novozymes A/S (Denmark)
- Cargill, Incorporated (US)
- Archer Daniels Midland Company (US)
- DSM (Netherlands)
- Hansen Holding A/S (Denmark)
- Lallemand Inc. (Canada)
- Kemin Industries, Inc. (US)
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Corteva Agriscience (US): Corteva is a major player in the inoculants market, leveraging its strong portfolio in seeds and crop protection. The company offers biological seed treatments and microbial inoculants aimed at enhancing nitrogen fixation and promoting root development. Corteva has invested in R&D to integrate microbial solutions into its seed technologies, focusing on sustainability and yield optimization in soybean and corn cultivation.
BASF SE (Germany): BASF’s agricultural solutions division includes a significant focus on biological inoculants. Their products are designed to improve nutrient availability, especially phosphorus and nitrogen, and enhance root symbiosis through rhizobia and mycorrhizal fungi. BASF has expanded its footprint in the inoculants market through partnerships and acquisitions, including innovations like Nodulator® and HiCoat® seed-applied inoculants.
Bayer AG (Germany): Bayer, through its Crop Science division, has been actively developing microbial inoculants that improve soil health and plant performance. Following the acquisition of Monsanto, Bayer has integrated advanced microbial research to support its biological solutions pipeline. Products like BioRise® are aimed at boosting corn yields by enhancing nutrient uptake and root growth via microbial inoculants.
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Novozymes A/S (Denmark): Novozymes is a global biotechnology leader in microbial solutions, including a robust inoculants portfolio. Through its BioAg Alliance (formerly with Monsanto), Novozymes has developed key inoculant products like JumpStart® and TagTeam®, designed to improve nitrogen fixation and phosphate solubilization. Their focus remains on microbial innovation for sustainable agriculture.
Cargill, Incorporated (US): Cargill plays a supporting role in the inoculants market primarily through distribution and its broader biologicals and crop nutrition segments. The company is investing in microbial technologies to complement its animal nutrition and agricultural services divisions. Cargill is also exploring inoculant applications that align with regenerative agriculture and soil health initiatives.
Archer Daniels Midland Company (ADM) (US): ADM is expanding its role in the agricultural biologicals sector, including inoculants, through innovation and partnerships. With a strong presence in crop origination and input services, ADM supports microbial inoculants that enhance soil fertility and crop yields. The company’s emphasis on sustainability aligns with rising demand for biological seed treatments and microbial soil amendments.
DSM (Netherlands): DSM contributes to the inoculants market through its biosciences and fermentation expertise. Known for its work in microbial fermentation, DSM is developing biological solutions that can function as plant growth-promoting inoculants, especially in challenging growing conditions. The company’s commitment to sustainable agriculture is driving investments in microbiome research.
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Chr. Hansen Holding A/S (Denmark): Chr. Hansen is a prominent producer of microbial solutions, including bacterial strains used in agricultural inoculants. Their focus is on natural and sustainable microbial products that support plant health, nutrient uptake, and resilience to stress. The company has launched microbial inoculants tailored for cereal and legume crops, promoting symbiosis and boosting productivity.
Lallemand Inc. (Canada): Lallemand is a leading developer of microbial inoculants for both crop and silage applications. Its Lallemand Plant Care division offers specialized products such as rhizobium inoculants for legumes, along with mycorrhizal fungi for root health. Lallemand is recognized for high-quality fermentation and formulation processes, enhancing the shelf life and effectiveness of its inoculant products.
Kemin Industries, Inc. (US): Kemin Industries is expanding into the inoculants space through its expertise in microbial technology and natural ingredient solutions. The company focuses on improving soil microbiota, plant immunity, and nutrient absorption via microbial-based products. Kemin is investing in proprietary strains for specific crop applications and targeting the biological seed treatment market.