Key vendors to focus on expansion of geographical presence throughout the forecast period
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global microbial agricultural inoculants market in their latest research report. This report also lists seven other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global microbial agricultural inoculants market is highly competitive in nature due to the high concentration of vendors in the market space. The key market players compete in terms of cost, quality, efficiency, crop type, and compatibility. Industry analysts at Technavio anticipate the regional vendors to find it increasingly difficult to compete in terms of quality, technology, and price as international players increase their footprint in the market.
According to Poonam Saini, a lead analyst at Technavio for research on retail goods and services, “The growth of the vendors in the market is dependent on market conditions, government support, and industry development. The existing players’ access to capital bar the entry of new players. Vendors will have to expand geographically while reviving domestic demand to achieve sustained growth.”
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Top five vendors in the microbial agricultural inoculants market space:
ADVANCED BIOLOGICAL MARKETING (ABM)
ABM develops, manufactures, and markets biological solutions for crop production, institutional sanitation, and environmental waste management. The company’s products include seed treatments that increase crop yields. The company’s products are exported to more than 15 countries worldwide.
Key products: America’s Best Inoculant.
BASF
BASF is a chemical company with a product portfolio ranging from chemicals, plastics, performance products, crop protection products to oil and gas. It caters to the aerospace, agriculture, automotive, construction, mass transit, packaging, wind energy, pharmaceutical, and personal care sectors. The company operates in more than 80 countries and has 13 divisions and 84 strategic business units.
Key products: Nodulator XL, Rhizo-Flo, HiStick N/T, HiStick Pro, Vault HP plus Integral, Rhizo-Stick, and Vault SP.
Bayer
Bayer engages in the production and marketing of healthcare and agricultural products that include crop protection products; oncology, anti-infective and cardiovascular, and central nervous system drugs; and animal health products. As of December 2015, the company has 307 consolidated companies in 77 countries across the globe.
Key products: Fungicide Curasemillas with Inoculant CREATE PACK FAST.
DuPont
DuPont manufactures and markets a wide range of products for diversified markets. It caters to various markets such as agriculture, automotive, building and construction, chemicals, energy, food and beverage, electronics, health care and medical, mining, government and public sector, marine, packaging and printing, plastics, and safety and protection.
Key products: mBCA 515 medical body composition analyzer.
Novozymes
Novozymes designs, manufactures, and markets industrial enzymes, biopolymers, and microorganisms. The company offers its products to various industries and operates through five market segments: household care, food and beverage, bioenergy, agriculture and feed, and technical and pharmaceutical.
Key products: JumpStart, TagTeam, and Cell-Tech.
Ask an analyst to know more about this report
A more detailed analysis is available in the Technavio report, Global Microbial Agricultural Inoculants Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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