The Agricultural Inoculants industry was 431 million USD in 2017 and is projected to reach 836 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 8.61% between 2017 and 2025. The market is driven by various end-user industries, such as Soybean, Cereals and Others.
The industry is concentration, the key brand include BASF, Novozymes, Dupont, BAYER, Verdesian Life Sciences, Stoller, Bio-Soja, Calister S. A and so on. Among them, BASF and Novozymes are the leaders.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The Global Agricultural Inoculants Market Research Report 2018 report released by QYResearch provides a basic overview of the Agricultural Inoculants industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
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