The market size of microbial inoculants continues to expand, and local companies still have considerable room for development.

Microbial inoculant refers to a live bacterial preparation made from the fermentation broth of the target microorganism (effective bacteria) after industrial production and expansion, using porous materials as adsorbents to absorb the bacterial cells. Microbial inoculants can improve soil, prevent diseases, degrade toxic substances, etc. They can improve the quality and yield of agricultural products and protect the ecological environment.

There are various types of microbial inoculants. They can be divided into microbial inoculants and compound microbial inoculants according to different compounding methods. According to different types of microorganisms, they can be divided into rhizobia inoculants, growth-promoting inoculants, photosynthetic bacteria inoculants, and phosphorus-solubilizing microbial inoculants. etc.; according to different dosage forms, it can be divided into powder microbial inoculants, liquid microbial inoculants and granular microbial inoculants.

According to the “In-depth Market Research and Development Prospects Forecast Report of China’s Microbial Agent Industry from 2023 to 2028” released by the Industrial Research Center, As my country’s agricultural structure continues to be optimized and the level of modernization continues to improve, microbial inoculants, as an important part of agricultural production quality assurance, have continued to expand in market size. In 2018, the market size of my country’s microbial inoculants was approximately 19 billion yuan. In 2022, the market size will exceed 50 billion yuan, with a compound annual growth rate of more than 27% from 2018 to 2022.

From the perspective of market segments, powdered microbial inoculants account for approximately 40% of the total production of microbial inoculants, ranking first, and are the main segmented products. Liquid microbial inoculants account for approximately 32%, ranking first. second.

Microbial inoculants belong to a subdivision of biological agriculture. In recent years, the country has introduced a number of policies to encourage and support the development of the bioeconomy in a high-quality direction. In May 2022, the National Development and Reform Commission issued the “14th Five-Year Plan for Bioeconomy Development”, proposing to develop biological feeds such as enzyme preparations, microbial preparations, fermented feeds, and feed amino acids to solve problems such as feed safety, lack of raw materials, and environmental pollution. major issues in the field. As a new type of harmless and environmentally friendly product, microbial inoculants have a good development environment.

my country’s microbial agent industry started late, but it has developed rapidly with the support of national policies and market demand. The number of production companies continues to grow, and market competition is relatively sufficient. However, at present, the domestic microbial inoculant industry still faces problems such as a small number of large-scale enterprises, incomplete relevant standards, backward production equipment and production processes, uneven product quality, and relatively single product categories. Local enterprises still have considerable room for development. The main microbial inoculant manufacturers in my country include Qingdao Weilan Biotechnology Co., Ltd., Genliduo Biotechnology Co., Ltd., Qingdao Lilihui Biotechnology Co., Ltd., etc.

Industry analysts said that with the continuous acceleration of agricultural modernization and the continuous advancement of national environmental protection policies, the market size of microbial inoculants is expected to maintain growth Trends, industry prosperity is good. Domestic microbial agent manufacturers need to increase capital investment and research and development efforts, improve production processes, update production equipment, develop new products and new technologies, and enhance their core competitiveness.