Rhizobium-Bacteria Biofertilizers Market - Forecasts from 2023 to 2028

The rhizobium-bacteria biofertilizer market is estimated to grow at a CAGR of 9.27% during the forecast period

The rhizobium-bacteria biofertilizer market is anticipated to grow at a steady pace during the forecasted period. It is beneficial for legume plants especially for sugarcane plantations as it activates the soil and increases the level of phosphorus and nitrogen thereby stimulating plant growth. The rising demand for organic food coupled with the increased practice of organic farming worldwide is a major growth driver of the rhizobium-bacteria fertilizer market.  Moreover, the favorable government policies along with the other institution's programs to raise awareness are expected to boost the rhizobium-bacteria fertilizer market size.

Increased demand for Organic Food is acting as a growth driver

The demand for organic food is increasing as health awareness among people increases. The sales of organic products including organic food in the US increased to $67.6 million in 2023 from $60 billion in 2022 as per the US Organic Industry Survey 2023 by Organic Trade Association. Parents in the 10 to 35-year-old range are the largest contributors to organic food sales in the US. The organic food demand and healthy lifestyle are increasing and that is expected to be the major growth driver of the rhizobium bacteria fertilizers market.

Increasing Organic Farming

The practice of organic farming is increasing nowadays owing to the increased demand for organic food. The certified organic cropland acres increased by 79% ( to 3.6 million acres) between the years 2011 and 2021 as per the USDA reports. Moreover, the organic farming operation increased by nearly 90% during the 2011-2021 period. The practice of organic farming is now spread to more than 180 countries as per the study of the UN Food and Agricultural Organization. Consequently, the increase in organic farming is expected to boost the rhizobium bacteria biofertilizer market.

Economical and Wider Application use further drives the market growth

The rhizobium biofertilizer provides nitrogen fixation and is suitable for a variety of plants such as groundnut, soybean, red gram, green gram, lentils, cowpea, Bengal gram, and sugarcane. The rhizobium bacteria convert atmospheric nitrogen to the tune of 72 to 350 kg of nitrogen per hectare per year into nitrogen compounds. Moreover, it is economical and supplements costly chemicals by 20-25% without affecting the production value thus making it more demandable among farmers, especially small farmers. These wider applications and their economic value are expected to boost the market growth of rhizobium bacteria biofertilizers.  

Environmental Impact on Climate Changes

Common agricultural regulations restrict the use of synthetic fertilizers and promote the use of biofertilizers. The factor for this promotion is the changing climate level and the severely warm temperature in various regions. The biofertilizer is a natural fertilizer thus it protects the environment from harmful pollutants. Various regions are adopting measures to reduce the usage of synthetic chemical fertilizers for instance, Europe has decided to reduce the usage of chemical fertilizers by one-fourth in this decade. Moreover, scientists and researchers are continuously working to make fertilizers more sustainable. The positive environmental impact of rhizobium biofertilizer is expected to boost its market growth in the coming years of these times of climate change.

Government and Other Supporting Policies

The use of rhizobium biofertilizers is increasing and policies are being made to raise awareness. It is recommended for use by the Ministry of Agriculture & Farmers Welfare in India under Integrated Nutrient Management Strategies and organic farming for all crops. There is also a scheme to provide subsidies to commercial production units which are related to organic farming. The scheme was implemented by the Department of Agriculture and Cooperation through NABARD. These schemes and programs are further expected to propel the rhizobium bacteria biofertilizer market size.

North America is one of the significant markets

The North American Market for rhizobium biofertilizers is expected to hold a significant share during the forecast period. This share can be attributed to the growing demand for organic food among the people and the government's measures to encourage the use of biofertilizers. Moreover, leading fertilizers companies such as Koch Fertilizers, and CF Industries are located in the region which will further help to increase the awareness and use of rhizobium biofertilizer.

Rhizobium-Bacteria Biofertilizers Market Players

• Koch Ag and Energy Fertilizers, founded in 2001 is one of the leading companies in the fertilizers market. It sells more than 13 million tons of fertilizers annually. Some of the fertilizers of the company are SUPERU® Premium Fertilizer, Ammonium PolyPhosphate 10-34-0, Diammonium Phosphate 18-46-0 including others.
• Lallemand Inc, a Canada-based company is serving the agriculture sector since 2006. The company provides healthcare solutions, brewing, animal industry, and bio-industry including plant care through which it provides fertilizers. The rhizobium fertilizer offered by the company is Lalfix Start Spherical Pulses, Lalfix Liquid Pea & Lentil, Lalrise Start SC, and others.
• EuroChem Group, a Switzerland-based company provides a range of solutions to the agriculture sector. It works on agricultural products, industrial products, and next-generation fertilizers. The rhizobium bacteria fertilizers offered by the company are MAP, ASN, CAN, UAN, and others.

Key Market Developments

• In January 2023, Odisha University of Agriculture and Technology started the production of biofertilizers including rhizobium bacteria biofertilizers. The objective of this project is to provide the farmers of the state with affordable biofetlizers. Moreover, this biofertilizer does not have any negative impact as compared to chemical fertilizers and the shelf life of this biofertilizer is one year.

Segmentation:

By Product Type

• Nitrogen-Fixing
• Phosphate-Solubilizing
• Potash-Mobilizing
• Others

By Crop Type

• Cereals and Grains
• Pulses and Oilseeds
• Fruits and Vegetables
• Others

By Application

• Seed Treatment
• Soil Treatment
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Indonesia
• Thailand
• Others