Rhizobium Bacteria Fertilizers Global Market Report 2024

The rhizobium bacteria fertilizers market has grown strongly in recent years. It will grow from $2 billion in 2023 to $2.17 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%.The expansion observed in the historical period can be credited to several factors, including the early adoption by forward-thinking farmers, the momentum of the agricultural sustainability movement, advancements in scientific research, the initial competitiveness of the market, and the enduring impact of the green revolution.

The rhizobium bacteria fertilizers market is expected to see strong growth in the next few years. It will grow to $3.05 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The anticipated growth in the forecast period is driven by factors such as increasing consumer demand for sustainable products, the adoption of precision agriculture techniques, market expansion initiatives, and efforts towards climate change mitigation. Key trends expected to shape the forecast period include the widespread adoption of sustainable agriculture practices, the rising popularity of organic farming, growing environmental concerns, government support and policies, as well as a focus on enhancing crop yield and quality.

The rhizobium bacteria fertilizers market is poised for growth, driven by the increasing demand for organic products. The surge in popularity of organic farming and agricultural materials is expected to boost the market for rhizobium bacteria fertilizers. These biofertilizers play a key role in reducing the reliance on artificial fertilizers by fixing atmospheric nitrogen essential for crop production. The global trend towards organic products is evident in statistics such as the U.S. Department of Agriculture’s National Agricultural Statistics Service reporting a substantial increase in organic product sales to $11.2 billion in 2020, representing a growth of 13%. Similarly, the Organic Trade Association reported record-breaking sales of $61.9 billion in 2020, marking a 12.4 percent increase. This growing demand for organic products is a significant driver for the rhizobium bacteria fertilizers market, emphasizing their role in sustainable and environmentally friendly agricultural practices.

The market is anticipated to experience growth due to the increasing demand for rhizobium bacteria fertilizers driven by the need for enhanced crop production. Agricultural practices and crop production are intricately linked, and the use of rhizobium bacteria fertilizers has become crucial in optimizing crop yields. These biofertilizers contribute to improved nitrogen availability, enhanced soil fertility, and increased overall crop productivity while reducing reliance on synthetic fertilizers. The Food and Agriculture Organization's (FAO) agricultural production statistics highlight a global increase in primary crop commodities production to 9.5 billion metric tons in 2021, signaling a two percent growth from the previous year. The correlation between agricultural practices, crop production, and the utilization of rhizobium bacteria fertilizers underscores their role in fostering sustainable and efficient crop cultivation methods.

Strategic collaborations and partnerships have emerged as prominent trends in the rhizobium bacteria fertilizers market, with major players joining forces to develop innovative technologies and solutions. One noteworthy collaboration occurred in December 2022 when Syngenta Seedcare, a Swiss agricultural science and technology company, partnered with Bioceres Crop Solutions. Together, they worked on commercializing novel biological seed treatments aimed at supporting regenerative agriculture. This seed-applied solution, benefiting crops such as soybeans, aids in nitrogen absorption from the atmosphere, significantly reducing the need for nitrogen fertilizers. Bioceres Crop Solutions Corp., based in Argentina, is a fully integrated provider of crop productivity technologies. Similarly, in July 2022, BiOWiSH Technologies, a U.S.-based biotechnology company, collaborated with SABIC Agri-Nutrients, a Saudi Arabian chemical company, to develop a proprietary microbial culture called BiOWiSH Crop Liquid. This culture can enhance the effectiveness of liquid or dry fertilizers, contributing to improved agricultural outcomes.

Major companies in the rhizobium bacteria fertilizers market are directing their efforts toward innovative biological solutions to meet the growing demand for sustainable agriculture and improved crop yields and quality. In October 2021, Novozymes A/S, a Danish biotechnology company, launched a range of powerful biological solutions, including BioniQ, for the U.S. agricultural market. These solutions, derived from naturally occurring microbes and enzymes, aim to address farmers' challenges by enhancing yield and fertility, promoting biocontrol application, and providing new options for the agricultural industry. Notably, the products utilize rhizobia, a type of nitrogen-fixing bacteria, to enhance nitrogen fixation and maximize crop yield.

In September 2021, Nouryon, a Netherlands-based chemical manufacturing company, acquired ADOB Fertilizers, a Poland-based manufacturer of rhizobium bacteria fertilizers and other specialty fertilizers, for an undisclosed amount. This strategic move positions Nouryon to expand its presence in the sustainable crop nutrition solutions market, reinforcing its commitment to providing innovative and environmentally friendly fertilizers for sustainable agriculture.

Major companies operating in the rhizobium bacteria fertilizers market report are Yara International Asa, Nutrien Ltd., Eurochem Group Ag, Lallemand Inc., Aumgene Biosciences Pvt. Ltd., Cf Industries Holdings Inc., Vegalab S.A, Sinofert Holdings Limited, Seipasa, Coromandel International Limited, Symborg Sl, Rizobacter Argentina Sa, Jaipur Bio Fertilizers, Green Vision Life Sciences Pvt. Ltd., Unicrop Biochem, Criyagen Agri & Biotech Private Limited, Indian Farmers Fertiliser Cooperative Limited, Madras Fertilizers Limited, National Fertilizers Limited, Novozymes A/S, Gujarat Bio Organics Pvt. Ltd., Nova Agri Tech Ltd., Md Biocoals Pvt. Ltd., Sln Biologicals Llp, Harmony Ecotech Pvt. Ltd., Manidharma Biotech Pvt. Ltd., Nature Agrocare & Research Private Limited, Terrapreta Agrove, Utkarsh Agrochem Private Limited, Tari Bio-Tech.

Asia-Pacific was the largest region in the rhizobium bacteria fertilizers market in 2023. The regions covered in the rhizobium bacteria fertilizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the rhizobium bacteria fertilizers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories of rhizobium bacteria fertilizers include nitrogen-fixing, phosphate-solubilizing, potash-mobilizing, and other formulations. Nitrogen-fixing involves the conversion of atmospheric N2 into nitrogen compounds with non-zero oxidation states. These fertilizers find applications across various crops such as cereals, grains, pulses, oilseeds, fruits, vegetables, and others. Employing diverse technologies such as carrier-enriched biofertilizers and liquid biofertilizers, they are utilized for seed treatments, soil treatments, and other agricultural applications.

The rhizobium bacteria fertilizers market research report provides rhizobium bacteria fertilizers market statistics, including rhizobium bacteria fertilizers industry global market size, regional shares, competitors with a rhizobium bacteria fertilizers market share, detailed rhizobium bacteria fertilizers market segments, market trends and opportunities, and any further data you may need to thrive in the rhizobium bacteria fertilizers industry. This Rhizobium bacteria fertilizers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The rhizobium bacteria fertilizers market consists of sales of rhizobium bacteria fertilizers such as inoculants, bio-fertilizers, and nutrient supplements. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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