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Rhizobium Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Published: January 2024 || SKU: AG7823
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180 pages
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Global Rhizobium Market is Segmented By Type (Nitrogen-Fixing, Phosphate-Solubilizing, Potash-mobilizing, Others), By Crop Type (Cereals and Grains, Pulses and Oilseeds, Fruits and Vegetables, Others), By Technology (Carrier Enriched Biofertilizers, Liquid Biofertilizers), By Application (Seed Treatment, Soil Treatment, Others), By Form (Dry Form, Liquid Form), By Distribution Channel (Company Stores, E-Commerce, Hypermarkets/Supermarkets, Specialty Stores, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Rhizobium Market Overview

Global Rhizobium Market reached US$ 1.24 billion in 2022 and is expected to reach US$ 1.93 billion by 2031, growing with a CAGR of 5.71% during the forecast period 2024-2031.

The rhizobium market is continuously evolving, as they help convert atmospheric nitrogen into a form that the plants can use, thus enhancing plant growth and reducing the need for synthetic nitrogen fertilizers. The rhizobium forms a symbiotic relationship with leguminous plants. These factors help in driving the market.

The adoption of rhizobium is increasing as they comprise acetobacter bacteria which can help in fixing the atmospheric nitrogen and colonizing the plant roots. The rhizobium enhances the soil health of leguminous plants and improves crop productivity. It is highly used in sugar cane plantations. These factors help increase the demand for the global rhizobium market.

Furthermore, many manufacturers are producing innovative products to attract larger farmers. For instance, in May 2022, Syngenta company launched a nitrogen-fixing biofertilizer which is Envita that can be used on a variety of plant kinds, such as cereals and grains, pulses and oilseeds, and fruits and vegetables. These launches help in boosting the market.

Rhizobium Market Scope

Metrics

Details

CAGR

5.71%

Size Available for Years

2022-2031

Forecast Period

2024-2031

Data Availability

Value (US$)

Segments Covered

Type, Crop Type, Form, Technology, Application, Distribution Channel, and Region

Regions Covered

North America, Europe, Asia-Pacific, South America and Middle East & Africa

Fastest Growing Region

North America

Largest Region

Asia-Pacific

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Equipment Type Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other key Insights.

 

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Rhizobium Market Dynamics

Rising Interest towards Alternatives of Chemical Fertilizers.

Farmers and agribusinesses are searching for alternatives to chemical fertilizers as consumers are becoming more concerned about their health and knowledge about the adverse health effects caused by chemical fertilizers. Rhizobium bacteria fertilizers increase the level of phosphorus and nitrogen in plants more naturally than other fertilizers. This factor helps in driving the market.

Furthermore, many key players are focusing to produces more biofertilizer products in order to increase the consumer base and also help the farmers to achieve high productivity. For instance, in July 2022, Chambal Fertilizers and Chemicals Limited (CFCL) in partnership with The Energy and Resources Institute's (TERI) SMART Agri solutions launched UTTAM SUPERRHIZA which is an advanced mycorrhizal biofertilizer product. This launch helps in boost the market.

Increase Demand for Organic Farming

Consumers are more willing to consume organic products which are free of chemical or synthetic fertilizers as they provide numerous health benefits which increases the demand for organic farming with biofertilizers. The government restrictions on the usage of chemical fertilizers also help in raising the adoption of rhizobium fertilizers.

Furthermore, the rise in organic farming lands also helps increase the demand for rhizobium fertilizers. For instance, according to the National Centre For Organic and Natural Farming report, there are 72.3 million hectares of agricultural land globally and Australia, Argentina, and Spain have the largest agricultural lands. This can help increase in rhizobium market.

High Product Cost

The cost of rhizobium fertilizers can vary depending on the brand, composition, quality of materials used, area of availability, and some others. The higher cost of biofertilizers makes them less accessible to a larger consumer base, especially for small-scale farmers. These factors are hampering the market growth.

Furthermore, the high-brand rhizobium fertilizers are less distribution channels in rural or undeveloped areas as they are highly-priced. For instance, Astha Vermicomposts 100% organic fertilizer 10kg is 950 INR, and Sheer Rhizo lyophilized rhizobium bio-fertilizer is 580 INR per 1 liter.

Rhizobium Market Segmentation

The global rhizobium market is segmented based on type, crop type, technology, application, distribution channel, and region.

Rising Demand For Granular and Powdered Forms of Fertilizers.

 Dry rhizobium fertilizers contain different variety of products such as granules, pellets, powders, and some others depending on the requirement of farmers. The demand for dry-form fertilizers is increasing as they can store for a long period of time and enhances nitrogen-fixing in root nodules and improves soil health. These factors help in driving the market size.

Furthermore, the rise of e-commerce platforms has facilitated the global distribution and availability of rhizobium fertilizers. For instance, in July 2022, Performance Nutrition launched the NutriWise brand, a granular fertilizer and water-soluble powder. This will improve the nutrients use efficiency and improves soil fertility.

Source: DataM Intelligence Analysis (2023)

Top of Form

Rhizobium Market Geographical Share

Asia-Pacific Growing Rhizobium Industry

The Asia-Pacific rhizobium market has witnessed significant growth and popularity covering maximum share in 2022. Farmers in this region are more willing to adopt rhizobium fertilizers as the rhizobium enhances nitrogen-fixing bacteria in the soil which provides a symbiotic relationship with plants and enhances soil health. These factors help in driving the market in this region.

Furthermore, the production of row crops such as sunflower, potato, soybeans, sugar beets, and some others is more in this region. For instance, according to the government of India, the soybean crop is estimated to be 128.92 lakh tonnes in 2023 as compared to 129.95 lakh tonnes in 2021-22. The production of row crops increases the demand for rhizobium fertilizers in this region.

Source: DataM Intelligence Analysis (2023)

Competitive Landscape

The major global players include Madras Fertilizers Limited, Rizobacter, Lallemand Inc, Koch Ag & Energy Solutions, LLC, CRIYAGEN, AUMGENE Biosciences, Coromandel International Limited, Peptech Biosciences Ltd, IFFCO Bazar, and Vegalab.

COVID-19 Impact Analysis

COVID Impact

During the pandemic, many people shifted to meat products as they provide high levels of protein which reduces the production-consumption of organic products and affected the production and usage of biofertilizers. The distribution supply chain is also affected due to government lockdown restrictions which caused a negative impact on the global rhizobium market.

Russia- Ukraine War Impact

The war had created instability in the economy. Many companies had shut down due to a lack of employment which causes disruption in the supply of fertilizers. According to data from the industry association Fertilizers Europe, Russia, and Belarus provide as much as 60% of the EU’s fertilizer supply. This caused a negative impact on global rhizobium market.

Key Developments

  • In January 2021, Heliae Agriculture collaborated with Rizobacter, a subsidiary of Bioceres Crop Solutions Crop. This collaboration will provide a unique soil for a variety of plants.
  • In June 2022, Novoenzymes company and AgroFresh company form a partnership towards developing biological solutions that can improve post-harvest food quality and minimize waste by fighting fungal pathogens which resulted in developing the post-harvest applications and benefit the growers, retailers, and consumers.

Why Purchase the Report?

  • To visualize the global Rhizobium market segmentation based on type, crop type, form, technology, application, distribution channel, and region, as well as understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development.
  • Excel data sheet with numerous data points of rhizobium market-level with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as Excel consisting of key products of all the major players.

The global Rhizobium market report would provide approximately 83 tables, 94 figures and 201 Pages.

Target Audience 2024

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies
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