Rhizobium-Based Biofertilizers Market

Global Rhizobium-Based Biofertilizers Market Size (2024 to 2032)

The global rhizobium-based biofertilizers market was valued at USD 0.82 billion in 2023 and is anticipated to reach USD 0.89 billion in 2024 from USD 1.71 billion by 2032, growing at a CAGR of 8.5% from 2024 to 2032. 

Rhizobium is a genus of gram-negative nitrogen-fixing soil bacteria. Rhizobium is one of the essential symbiotic bacteria that fix nitrogen. Here the bacteria seek shelter and feed on the plants. In turn, they help by providing fixed nitrogen to the plants. Rhizobium plays an important role in fixing atmospheric nitrogen levels and improving soil fertility. Rhizobium-based biofertilizers have been shown to increase legume crop yields by 10-35%. Plants belonging to the Leguminous family (subfamilies, Caesalpinioideae, Mimosoideae, Papilionoideae, and Fabaceae) have a symbiotic association with Rhizobium. Rhizobium-based biofertilizers have direct and indirect mechanisms to promote plant growth.

The rapid growth of the global rhizobium-based biofertilizer market is driven by the high demand for biofertilizers based on nitrogen-fixing microbes. The favorable policies put in place by the government for organic farming are increasing the growth of the global Rhizobium-based biofertilizers market. Many governments in developing countries such as India, China, Indonesia, Brazil, etc. encourage the use of rhizobium-based biofertilizers. Recent initiatives by various regional bodies in the establishment of microbial research institutes are stimulating their growth. Rhizobium-based biofertilizers are mainly used for their symbiotic nitrogen-fixation capacity which helps to increase nitrogen levels in the soil.

MARKET DRIVERS

Strong demand for biofertilizers based on nitrogen-fixing microbes is driving the market. The increase in organic farming and the growing demand for organic food are the major factors driving the growth of the global Rhizobium-based Biofertilizers Market. The organic food market is growing at a rapid rate, which is creating a high demand for rhizobium-based biofertilizers. This increased consumer awareness of growing health risks and increasing levels of residues in food and other environmental issues has led consumers to prefer food products without chemicals. Biofertilizers and organic fertilizers are in high demand due to the rise of the organic food sector, as they are required for organic farming.

MARKET RESTRAINTS

The limited use of rhizobium-based biofertilizers among farmers is hampering market growth. Rhizobium-based biofertilizers have a limited shelf life and pose a high risk of contamination. When exposed to high temperatures, microbes in biofertilizers become non-viable. It is, therefore, very important to keep them in a cool and dry place. The main problem with agricultural inoculation technology is the survival of microorganisms during storage. In addition, the high demand for synthetic fertilizers and the reduced availability of research development and testing laboratories are hampering the growth of the rhizobium-based biofertilizers market. A quality management system is also needed to deliver better microbial products to farmers. Lack of awareness about rhizobium-based biofertilizers among farmers of underdeveloped and developing countries is hindering the growth of the market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Rhizobium-Based Biofertilizers Market By Form

The liquids segment accounted for the largest share of the biofertilizer market. Liquid biofertilizer technology is being promoted as a viable alternative to carrier-based biofertilizers. Rhizobium-based liquid biofertilizers also have a longer shelf life.

Global Rhizobium-Based Biofertilizers Market By Mode Of Application

The seed treatment segment is expected to have the highest annual yields during the forecast period. In seed treatment, rhizobium-based biofertilizers are applied as coatings to the seeds. This is the most common method of applying biofertilizers because it is easy and generally effective under most conditions.

Global Rhizobium-Based Biofertilizers Market By Crop Type

Cereals and Grains represent the dominant crop segment. Rhizobium-based biofertilizers are widely used for the efficient production of different grains and cereals, such as wheat, oats, and rice, as they help to improve their performance in poor soil conditions.

REGIONAL ANALYSIS

The North American market is expected to dominate the market during the forecast period owing to the growing demand for organic products, the growing acceptance of rhizobium-based biofertilizers among rural farmers, and the high adoption of organic farming systems. Advanced irrigation such as drip and sprinkler irrigation.

Asia-Pacific is the largest market, with the dominant market share. The growing emphasis on organic farming, along with the large population, is the main driver behind the demand for rhizobium-based biofertilizers in the region.

In 2019, Europe was the world's second-largest consumer of rhizobium-based biofertilizers, accounting for 30% of the global rhizobium-based biofertilizers market.

Due to the imposition of strict regulations on the use of fertilizers Chemicals in Europe, the use of chemical fertilizers tends to be replaced by organic fertilizers.

The Rhizobium-based Biofertilizers market in the Middle East and Africa was valued at USD 64.5 million in 2019 and is expected to grow at an annual rate of 6.4% during the forecast period. Due to the availability of large arable land and strong population growth, the Latin American market is expected to grow at the highest annual rate of 13.0% during the forecast period.

KEY MARKET PLAYERS

Major Key Players in the global rhizobium-based biofertilizers market are, Novozymes A/S, Rizobacter Argentina SA, Lallemand Inc., Unicrop Biochem, Jaipur Bio-Fertilizers, National Fertilizer Ltd, Green Vision Life Sciences, UPL Limited, Vegalab SA, Chr. Hansen Holding A/S, Kiwa Bio-Tech, T. Stanes & Company Limited, IPL Biologicals Limited, Symborg, Kan Biosys, Mapleton Agri Biotech Pty Ltd, Nutramax Laboratories Inc., Seipasa, Manidharma Biotech Pvt Ltd, Biomax Naturals, AgriLife, Valent BioSciences, Agrinos, Valagro, Varsha Bioscience, Technology India Pvt Ltd., Criyagen. Some of the market players dominate the global Rhizobium-based biofertilizers market.

RECENT HAPPENINGS IN THE GLOBAL RHIZOBIUM-BASED BIOFERTILIZERS MARKET

• In 2020, Kiwa Bio-Tech has established a partnership with Huaxialitai Co., Ltd., a Chinese state-owned company with a vast fertilizer distribution network across the country. Huaxialitai will begin selling Kiwa's fertilizer products under the conditions of the agreement.
• In 2018, Van Iperen International B.V., the Netherlands' leading specialty fertilizer and high-performance agricultural solutions producer, signed a distribution deal with Vegalab SA. This deal will aid the company's expansion into the European biofertilizers sector.

DETAILED SEGMENTATION OF THE GLOBAL RHIZOBIUM-BASED BIOFERTILIZERS MARKET INCLUDED IN THIS REPORT

This market Research Report on the global rhizobium-based market is segmented and sub-segmented into the following categories.

By Form

• Liquid
• Carrier-Based

By Mode Of Application

• Soil Treatment
• Seed Treatment

By Crop Type

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

By Region

• North America
• Asia Pacific
• Europe
• Middle East & Africa
• Latin America