Rhizobium Bacteria Fertilizers MarketIs Expected To Expand At A CAGR Of 8.5% By 2027 || Yara International ASA, Nutrien Ltd., EuroChem Group AG, Lallemand Inc., AUMGENE Biosciences Pvt. Ltd

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rhizobium Bacteria Fertilizers Market Size, Growth Rate, And Forecast

The global rhizobium bacteria fertilizers market size is expected to grow from $1.85 billion in 2022 to $2.00 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global rhizobium bacteria fertilizers market size is expected to reach $2.77 billion in 2027 at a CAGR of 8.5%.

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Rhizobium Bacteria Fertilizers Market Drivers

An increase in demand for organic products is expected to propel the growth of the rhizobium bacteria fertilizers market going forward. Organic products refer to products made from organic farming or agricultural materials. The increasing demand for organic products will benefit the rhizobium bacteria fertilizer. Rhizobium bacteria could reduce the need for artificial fertilizers by fixing atmospheric nitrogen, which is needed for crop production. Using biofertilizers such as rhizobium bacteria fertilizers can assist in fulfilling the nutritious food need of the world's growing population. For instance, in December 2022, according to the U.S. Department of Agriculture's National Agricultural Statistics Service, organic product sales reached $11.2 billion in total in 2020, up by $1.28 billion representing a growth of 13%. Additionally, in May 2021, according to a report published by Organic Trade Association, a US-based business association for the organic industry, organic product sales in the United States surged to new highs in 2020, increasing by a record 12.4 percent to $61.9 billion, boosting U.S. organic food sales in 2020 up a record 12.8 percent to a new high of $56.4 billion when compared to prior years. Therefore, an increase in demand for organic products is driving the growth of rhizobium bacteria fertilizers.

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Rhizobium Bacteria Fertilizers Market Segments

• By Type: Nitrogen-Fixing, Phosphate-Solubilizing, Potash-Mobilizing, Other Types

• By Crop Type: Cereals And Grains, Pulses And Oilseeds, Fruits And Vegetables, Other Crop Types

• By Technology: Carrier Enriched Biofertilizers, Liquid Biofertilizers

• By Application: Seed Treatment, Soil Treatment, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the rhizobium bacteria fertilizers market

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Rhizobium Bacteria Fertilizers Market Key Players
Major competitors in the rhizobium bacteria fertilizers market 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, Rizobacter Argentina SA, Jaipur Bio Fertilizers, Green Vision Life Sciences Pvt. Ltd., Unicrop Biochem and Criyagen Agri & Biotech Private Limited.

The Business Research Company's "Global Rhizobium Bacteria Fertilizers Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Rhizobium Bacteria Fertilizers Market Include:
1. Executive Summary
2. Rhizobium Bacteria Fertilizers Market Characteristics
3. Rhizobium Bacteria Fertilizers Market Trends And Strategies
4. Rhizobium Bacteria Fertilizers Market - Macro Economic Scenario
5. Rhizobium Bacteria Fertilizers Market Size And Growth
………………
27. Rhizobium Bacteria Fertilizers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rhizobium Bacteria Fertilizers Market
29. Rhizobium Bacteria Fertilizers Market Future Outlook and Potential Analysis
30. Appendix

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