Azotobacter-based Biofertilizer Market by Application and Geography - Forecast and Analysis 2022-2026

The azotobacter-based biofertilizer market share is expected to increase by USD 146.31 million from 2021 to 2026, at a CAGR of 8.4%.

This azotobacter-based biofertilizer market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers azotobacter-based biofertilizer market segmentation by application (fruits and vegetables, cereals and grains, oilseeds and pulses, and others) and geography (Europe, APAC, North America, South America, and Middle East and Africa). The azotobacter-based biofertilizer market report also offers information on several market vendors, including Agrinos AS, Apple agro, Ezzy Bioscience Pvt. Ltd., Green Vision Life Sciences Pvt. Ltd., Gujarat State Fertilizers and Chemicals Ltd., Kiwa Bio Tech Products Group Corp., Lallemand Inc., MADRAS FERTILIZERS LTD., National Fertilizers Ltd., Novozymes AS, Phms Technocare Pvt Ltd., Rashtriya Chemicals and Fertilizers Ltd., Rizobacter Argentina S.A., SOM Phytopharma India Ltd., T.Stanes and Co. Ltd., Unisun Agro Pvt. Ltd., and Universal Industries among others.

What will the Azotobacter-based Biofertilizer Market Size be During the Forecast Period?

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Azotobacter-based Biofertilizer Market: Key Drivers, Trends, and Challenges

The growing demand for biofertilizers in the agricultural industry is notably driving the azotobacter-based biofertilizer market growth, although factors such as the growing need to conduct further research to explore the potential of azotobacter may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the azotobacter-based biofertilizer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Azotobacter-based Biofertilizer Market Driver

• The growing demand for biofertilizers in the agricultural industry is one of the factors driving the azotobacter-based biofertilizer market growth.
• Soil quality has decreased in the agriculture industry in recent years, owing to the high rate of utilization of chemical fertilizers. Therefore, the agriculture industry is focused on limiting the utilization of chemical composts and fertilizers and replacing them with organic and bio-based products, including azotobacter-based biofertilizers. 
• Azotobacter-based biofertilizers are environment-friendly and harmless to the soil, even with extensive use over longer periods. Moreover, the use of azotobacter-based biofertilizers decreases costs and environmental issues.
• The consumption of organic food has increased due to the outbreak of the COVID-19 pandemic. Thus, the growing consumer demand for organic food products is likely to boost the demand for azotobacter-based biofertilizers in the agricultural industry. 

Key Azotobacter-based Biofertilizer Market Trend

• Consortium of azotobacter with other microbes is one of the key azotobacter-based biofertilizer market trends fueling the market growth.
• Azotobacter is a non-symbiotic microbe and enhances crop productivity. Also, they are co-inoculated with other biofertilizers, such as fungal biofertilizers.
• Various research studies have proven that other microorganisms enhance the plant growth activity of azotobacter-based biofertilizers.
• The synergistic interactions between the free-living and nitrogen-fixing bacteria, azotobacter arbuscular mycorrhizal (AM) fungi Glomus have been reported by various studies. These studies report the positive impact of inoculating tomato plants with Glomus fasciculatum and azotobacter chroococcum in a consortium on the population of tomato plant growth promoting rhizosphere bacteria. 
• The consortium of Glomus fasciculatum and azotobacter chroococcum proved to recover the highest populations of bacteria from the rhizosphere of tomato. Thus, the growing consortium of azotobacter with other microbes will augment the growth of the market in focus during the forecast period.

Key Azotobacter-based Biofertilizer Market Challenge

• Growing need to conduct further research to explore the potential of azotobacter is one of the key factors challenging the azotobacter-based biofertilizer market trends fueling the market growth.
• Understanding and manipulating the beneficial properties of azotobacter proves to be a key interest for future endeavors to enhance crop productivity and crop improvement. However, not enough research studies have been conducted to understand and explore the potential of azotobacter.
• The potential of azotobacter has not been utilized despite being an active ingredient in several high-value applications in the agricultural industry. Well, the lack of research and development (R&D) activities can lead to the slow development of azotobacter-based biofertilizers. 
• The growth of the agricultural industry and the growing demand for biofertilizers have increased the pressure on vendors to provide low-cost and sustainable alternatives to chemical fertilizers. Thus, there is an urgent and pressing need to conduct more research studies.
• Vendors and researchers are posed with challenges, such as extracting the maximum benefits from azotobacter-based biofertilizers and finding plant genotypes that are compatible and form a good association with azotobacter. Thus, extensive research is needed to explore the potential of azotobacter and help develop, commercialize, and enable large-scale and low-cost production of azotobacter-based biofertilizers. Such factors may challenge the market growth during the forecast period.

This azotobacter-based biofertilizer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global azotobacter based biofertilizer market as a part of the global fertilizers and agricultural chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the azotobacter-based biofertilizer market during the forecast period.

Who are the Major Azotobacter-based Biofertilizer Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Agrinos AS
• Apple agro
• Ezzy Bioscience Pvt. Ltd.
• Green Vision Life Sciences Pvt. Ltd.
• Gujarat State Fertilizers and Chemicals Ltd.
• Kiwa Bio Tech Products Group Corp.
• Lallemand Inc.
• MADRAS FERTILIZERS LTD.
• National Fertilizers Ltd.
• Novozymes AS
• Phms Technocare Pvt Ltd.
• Rashtriya Chemicals and Fertilizers Ltd.
• Rizobacter Argentina S.A.
• SOM Phytopharma India Ltd.
• T.Stanes and Co. Ltd.
• Unisun Agro Pvt. Ltd.
• Universal Industries

 

This statistical study of the azotobacter-based biofertilizer market encompasses successful business strategies deployed by the key vendors. The azotobacter-based biofertilizer market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Green Vision Life Sciences Pvt. Ltd. - Under the agriculture division, the company offers sustainable solutions to manage plant health and productivity such as biofertilizers, biopesticides, and spray adjuvants.
• Green Vision Life Sciences Pvt. Ltd. - The company offers azotobacter-based biofertilizers namely MicroMix Biofert I Lit. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The azotobacter-based biofertilizer market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Azotobacter-based Biofertilizer Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the azotobacter-based biofertilizer market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for the Azotobacter-based Biofertilizer Market?

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34% of the market’s growth will originate from Europe during the forecast period. Germany and France are the key markets for azotobacter-based biofertilizer in Europe. Market growth in this region will be slower than the growth of the market in APAC.

The flourishing agricultural industry will facilitate the azotobacter-based biofertilizer market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The consumption of organic food products increased in Europe due to the outbreak of the COVID-19 pandemic in 2020. According to the Research Institute of Organic Agriculture (FiBL)'s report, in the UK, organic food sales increased by 18% between April 2020 and June 2020. Thus, the trend of consuming immunity-boosting and organic food products continued in 2021 is expected to boost the market growth during the forecast period. 

What are the Revenue-generating Application Segments in the Azotobacter-based Biofertilizer Market?

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The azotobacter-based biofertilizer market share growth in the fruits and vegetables segment will be significant during the forecast period. Azotobacter-based biofertilizers improve the health of fruits and vegetables through nitrogen fixation, phosphate solubilization, and others. Owing to these beneficial properties, azotobacter is considered one of the best biofertilizers for the environmentally friendly and sustainable production of fruits and vegetables. Thus, the growing usage of these biofertilizers to improve and enhance crop productivity will augment the growth of the fruits and vegetable segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the azotobacter-based biofertilizer market size and actionable market insights on post COVID-19 impact on each segment.

 

Azotobacter-based Biofertilizer Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 8.4%
Market growth 2022-2026	$ 146.31 million
Market structure	Fragmented
YoY growth (%)	9.93
Regional analysis	Europe, APAC, North America, South America, and Middle East and Africa
Performing market contribution	Europe at 34%
Key consumer countries	US, China, India, Germany, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Agrinos AS, Apple agro, Ezzy Bioscience Pvt. Ltd., Green Vision Life Sciences Pvt. Ltd., Gujarat State Fertilizers and Chemicals Ltd., Kiwa Bio Tech Products Group Corp., Lallemand Inc., MADRAS FERTILIZERS LTD., National Fertilizers Ltd., Novozymes AS, Phms Technocare Pvt Ltd., Rashtriya Chemicals and Fertilizers Ltd., Rizobacter Argentina S.A., SOM Phytopharma India Ltd., T.Stanes and Co. Ltd., Unisun Agro Pvt. Ltd., and Universal Industries
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Azotobacter-based Biofertilizer Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive azotobacter-based biofertilizer market growth during the next five years
• Precise estimation of the azotobacter-based biofertilizer market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the azotobacter-based biofertilizer industry across Europe, APAC, North America, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of azotobacter-based biofertilizer market vendors

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