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Steady Expansion Forecast for Rhizobium Bacteria Fertilizers Market, Projected to Reach $3.42 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Rhizobium Bacteria Fertilizers Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for Rhizobium bacteria fertilizers has seen robust growth in the recent past. The market, which stood at $2.16 billion in 2024, is projected to escalate to $2.33 billion in 2025, marking a compound annual growth rate (CAGR) of 8.1%. Factors such as the early adoption by forward-thinking farmers, movements advocating for sustainable agriculture, scientific exploration, initial market competitiveness, and the legacy of the green revolution are all contributing to the growth witnessed during the historical period.
Rhizobium Bacteria Fertilizers Market Size Forecast: What's the Projected Valuation by 2029?
It is anticipated that the market size of rhizobium bacteria fertilizers will undergo significant expansion in the following few years, advancing to "$3.42 billion in 2029 with a compound annual growth rate (CAGR) of 10.0%. The expected growth during the forecast period can be ascribed to the increasing consumer preference for eco-friendly products, the application of precision farming methods, the extension of the market, and climate change reductions. Predominant trends during the projected period encompass eco-friendly farming protocols, organic agriculture trends, escalating concerns regarding the environment, support and policies from the government, along with enhancement in crop yield and quality.
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What Are the Drivers Transforming the Rhizobium Bacteria Fertilizers Market?
The escalating demand for organic goods is predicted to fuel rhizobium bacteria fertilizers market's expansion in the future. Organic goods are those derived from organic agriculture or agricultural materials. The rising demand for organic goods will positively affect the rhizobium bacteria fertilizer. These bacteria have the potential to reduce the reliance on synthetic fertilizers by fixing atmospheric nitrogen, necessary for crop growth. Employing biofertilizers like rhizobium bacteria fertilizers can help meet the nutritional food requirement of the burgeoning global population. For example, the Organic Trade Association, a US-based organic industry, reported in May 2023 that the total organic sales reached a landmark $60 billion in 2022, including organic non-food products. By 2023, this sum had soared to an unprecedented $67.6 billion, signifying a marked increase in the market value of the organic sector. Hence, the escalating demand for organic goods is bolstering the growth of rhizobium bacteria fertilizers.
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What Long-Term Trends Will Define the Future of the Rhizobium Bacteria Fertilizers Market?
In the rhizobium bacteria fertilizers market, strategic alliances and partnerships are becoming increasingly popular trends. To create innovative technologies, key market players are teaming up. For example, Syngenta Seedcare, an agricultural science and technology company based in Switzerland, teamed up with Bioceres Crop Solutions in December 2022 to launch new biological seed treatments. This seed-based solution benefits sustainable agriculture by aiding crops such as soybeans in nitrogen absorption from the environment, significantly lessening the need for nitrogen fertilizers. Bioceres Crop Solutions Corp. is an Argentinian company that provides a range of crop productivity technologies. Additionally, in July 2022, BiOWiSH Technologies, a US company that produces all-natural biotechnology for various sectors including agronomy, aquaculture, animal production, and water treatment, partnered with SABIC Agri-Nutrients to develop a unique microbial culture blend known as BiOWiSH Crop Liquid. This product can enhance the efficiency of fertilizers when either added to liquid fertilizers or coated onto dry fertilizer. SABIC Agri-Nutrients is a chemical company based in Saudi Arabia.
Which Segments in the Rhizobium Bacteria Fertilizers Market Offer the Most Profit Potential?
The rhizobium bacteria fertilizers market covered in this report is segmented -
1) By Type: Nitrogen-Fixing, Phosphate-Solubilizing, Potash-Mobilizing, Other Types
2) By Crop Type: Cereals And Grains, Pulses And Oilseeds, Fruits And Vegetables, Other Crop Types
3) By Technology: Carrier Enriched Biofertilizers, Liquid Biofertilizers
4) By Application: Seed Treatment, Soil Treatment, Other Applications
Subsegments:
1) By Nitrogen-Fixing: Rhizobium Spp, Bradyrhizobium Spp
2) By Phosphate-Solubilizing: Bacillus megaterium, Pseudomonas Putida
3) By Potash-Mobilizing: Kocuria Rosea, Microbacterium Spp.
4) By Other Types: Mixed Strain Formulations, Custom Formulations For Specific Crops
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Which Firms Dominate the Rhizobium Bacteria Fertilizers Market by Market Share and Revenue in 2025?
Major companies operating in the rhizobium bacteria fertilizers market include Yara International Asa, Nutrien Ltd., Eurochem Group Ag, Lallemand Inc., Aumgene Biosciences Pvt. Ltd., 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
Which Regions Offer the Highest Growth Potential in the Rhizobium Bacteria Fertilizers Market?
Asia-Pacific was the largest region in the rhizobium bacteria fertilizers market in 2024. The regions covered in the rhizobium bacteria fertilizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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