The growth of the rhizobium fertilizer market is expected to be enhanced by two major factors: the increasing adoption of organic farming practices and the growing demand for organic food. Government policies favoring organic farming further contribute to market growth. However, regional authorities' establishment of microbial research institutes and recent initiatives are stimulating market growth, particularly during the forecast period.
According to Data Bridge Market Research, the Rhizobium Bacteria Fertilizers Market is expected to reach USD 3.37 billion by 2030, which is USD 1.79 billion in 2022, registering a CAGR of 8.20% during the forecast period of 2023 to 2030
"Increasing demand for sustainable agriculture surge market demand"
The recognition of the environmental impacts of conventional farming practices fuels the increasing demand for sustainable agriculture. Rhizobium bacteria fertilizers offer a natural and eco-friendly alternative by promoting nitrogen fixation in legume crops, enabling plants to obtain nitrogen from the air. This reduces the need for synthetic nitrogen fertilizers, which are energy-intensive and contribute to pollution. Rhizobium bacteria fertilizers improve soil fertility and crop productivity and mitigate the adverse environmental effects associated with chemical fertilizers, making them a preferred choice for sustainable farming practices.
What restraints the growth of the rhizobium bacteria fertilizers market?
"Limited crop compatibility can impede the market growth”
Rhizobium bacteria fertilizers have limited crop compatibility as they mainly promote nitrogen fixation in legume crops. This is because legume plants have a symbiotic relationship with Rhizobium bacteria, forming nodules on their roots for nitrogen fixation. Non-legume crops do not possess this symbiosis, limiting the effectiveness of Rhizobium bacteria fertilizers in those crops. Therefore, the applicability of these fertilizers is constrained to agricultural systems where legume crops are cultivated.
Segmentation: Global Rhizobium Bacteria Fertilizers Market
The rhizobium bacteria fertilizers market is segmented on the basis of type, crop type, form, technology, and application
- On the basis of type, the rhizobium bacteria fertilizers market is segmented into nitrogen-fixing, phosphate-solubilizing, potash-mobilizing, others.
- On the basis of crop type, the rhizobium bacteria fertilizers market is segmented into cereals and grains, pulses and Oilseeds, fruits and vegetables, others.
- On the basis of form, the rhizobium bacteria fertilizers market is segmented into dispersible granules, pellets, powders, pure and mixed liquid fermentations.
- On the basis of technology, the rhizobium bacteria fertilizers market is segmented into carrier enriched bio fertilizers, liquid bio fertilizers.
- On the basis of application, the rhizobium bacteria fertilizers market is segmented into seed treatment, soil treatment, others.
Regional Insights: North America is expected to dominate the Global Rhizobium Bacteria Fertilizers Market
North America is anticipated to dominate the rhizobium bacteria fertilizers market in revenue and market share due to growing government interventions in farming practices. The region has implemented favorable policies and regulations to promote sustainable and organic farming methods. These government interventions provide support and incentives to farmers, encouraging the adoption of rhizobium bacteria fertilizers. The proactive approach of North American authorities towards sustainable agriculture contributes to the region's dominance in the rhizobium bacteria fertilizers market.
Asia-Pacific is expected to be the fastest-growing region in the rhizobium bacteria fertilizers market during the forecast period of 2023-2030. The region is witnessing an increasing emphasis on organic agriculture driven by environmental concerns and the growing demand for organic food. Additionally, the high population in Asia-Pacific creates a significant market for agricultural products, fostering the adoption of sustainable farming practices and organic fertilizers like rhizobium bacteria fertilizers, contributing to the region's rapid market growth.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-rhizobium-bacteria-fertilizers-market
The Prominent Key Players Operating in the Global Rhizobium Bacteria Fertilizers Market Include:
- Yara (Norway)
- Nutrien Ltd (Canada)
- EuroChem Group (Switzerland)
- Lallemand Inc (Canada)
- AUMGENE Biosciences (India)
- CF Industries Holdings Inc. (U.S.),
- PJSC (Russia)
- Koch Ag & Energy Solutions, LLC (U.S.)
- Vegalab S.A (Switzerland)
- Sinofert Holdings Limited (China)
- Seipasa (Spain)
- Coromandel International Limited (India)
- CRIYAGEN (India), Symborg (Spain)
- URALCHEM JSC (Russia)
Above are the key players covered in the report, to know about more and exhaustive list of global rhizobium bacteria fertilizers market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Rhizobium Bacteria Fertilizers Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
