Azotobacter based Biofertilizer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Azotobacter-based Biofertilizer Market is segmented by geography into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa and further, each region is sub-segmented into different countries.

Market Snapshot

mycorrhiza based biofertilizer market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: South America
Largest Market: Europe
CAGR: 8.7 %

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Market Overview

The Azotobacter based Bio-Fertilizer Market is projected to grow at a CAGR of 8.7% during the forecast period (2020-2025). The increased practice of organic farming and the increasing demand for organic food are the two major factors that are driving the growth of the azotobacter based bio-fertilizer market. Also, the favorable policies implemented by the government for organic farming are augmenting the growth of the market studied. Just like other producers of fertilizer products and other agricultural inputs, the azotobacter-based bio-fertilizer industry has faced particular challenges resulting from the COVID-19 pandemic that could have longer-term consequences for food production. Although food-chain businesses were essential in most countries at the onset of the pandemic, companies still faced operational difficulties which became better owing to the upliftment of the lockdown and thus, the market for these fertilizers flourished even during the pandemic owing to the increased demand for organic products.

Scope of the Report

Azotobacter is a genus that is motile, oval, or spherical bacteria. It has thick-walled cysts and produces large quantities of capsular slime. Azotobacter is capable of converting atmospheric nitrogen to ammonium nitrogen in the soil, giving the crop access to free atmospheric nitrogen. Azotobacter, also known as bio-balancer, secretes hygroscopic mucilage in the root-zone, which assists in retaining soil moisture. It is used as a biofertilizer during cultivation for most of the crops. The market is segmented by geography as North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.

Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Spain
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Saudi Arabia
Rest of Africa and Middle East

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Key Market Trends

The Increased Practice of Organic Farming is Driving the Market

According to the Organic Trade Association, approximately 82% of households in the United States purchase organic food. The organic food market in India has been registering a CAGR of 25%. The rise in demand for organic products is booming, not only due to an increase in conscientious consumers, but also due to increasing incomes, along with improved farming practices that make organic yields more robust. As a result, the increasing demand for organic food, worldwide, has increased the area under organic farming, worldwide. The Common Agricultural Policy limits and restricts the use of synthetic fertilizers, while promoting the use of biofertilizers and organic farming.

azotobacter-based-biofertilizer-market1

Europe Dominates the Market

Out of the several species of azotobacter, A. chroococcum happens to be the most dominant inhabitant in arable soils, capable of fixing nitrogen. Bacteria of the genus Azotobacteria synthesizes auxins, cytokinins, GA-like substances are the major substances regulating the enhanced growth. This biofertilizer is mainly used in Russia and many European countries under the name Azotobacterin. This genus includes diverse species, namely, A. chroococcum, A.vinelandii, A. beijerinckii, A. nigricans, A. armeniacus, and A. paspali. It is used as a biofertilizer for different crops, including wheat, oat, barley mustard, rice, linseeds, sunflower, castor, maize, sorghum, cotton, jute, sugar beets, tobacco, tea, coffee, rubber, and coconuts. Apart from its wide use in Europe and North America, there are a variety of species of azotobacter found in Indian soils. Thus, the farmers in India make use of these fertilizers which aid in the growth of better crops.

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Competitive Landscape

The Azotobacter based Bio-Fertilizer Market is an extremely fragmented market where many regional and small players are capturing a share in the market. Companies operating in the azotobacter based bio-fertilizer market are adopting various strategies, such as product launches, partnerships, and acquisitions, to gain a larger share in the market. Investment in R&D and the introduction of new products is a primary strategy adopted by all major companies involved in the market studied. Apart from product launches, companies are entering into partnerships and agreements, in order to increase their customer base and develop R&D capabilities.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 North America

        1. 5.1.1.1 United States

        2. 5.1.1.2 Canada

        3. 5.1.1.3 Mexico

        4. 5.1.1.4 Rest of North America

      2. 5.1.2 Europe

        1. 5.1.2.1 Germany

        2. 5.1.2.2 United Kingdom

        3. 5.1.2.3 France

        4. 5.1.2.4 Spain

        5. 5.1.2.5 Italy

        6. 5.1.2.6 Russia

        7. 5.1.2.7 Rest of Europe

      3. 5.1.3 Asia Pacific

        1. 5.1.3.1 China

        2. 5.1.3.2 Japan

        3. 5.1.3.3 India

        4. 5.1.3.4 Australia

        5. 5.1.3.5 Rest of Asia-Pacific

      4. 5.1.4 South America

        1. 5.1.4.1 Brazil

        2. 5.1.4.2 Argentina

        3. 5.1.4.3 Rest of South America

      5. 5.1.5 Middle East and Africa

        1. 5.1.5.1 South Africa

        2. 5.1.5.2 Saudi Arabia

        3. 5.1.5.3 Rest of Africa and Middle East

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Market Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Agrinos AS

      2. 6.3.2 Agri Life

      3. 6.3.3 CBF China Biofertilizer AG

      4. 6.3.4 Kiwa Bio-Tech Products Group Corporation

      5. 6.3.5 National Fertilizer Ltd

      6. 6.3.6 Universal Industries (TaraiGold)

      7. 6.3.7 Phms Technocare Private Limited

      8. 6.3.8 Green Vision Life Sciences

      9. 6.3.9 Unisun Agro Private Limited

      10. 6.3.10 Kupindedaha Timur Krishi Farm pvt. ltd.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Azotobacter based Biofertilizer Market market is studied from 2016 - 2026.

The Azotobacter based Biofertilizer Market is growing at a CAGR of 8.7% over the next 5 years.

South America is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Agrinos AS, National Fertilizer Ltd, Agri Life, Universal Industries (TaraiGold), Phms Technocare Private Limited are the major companies operating in Azotobacter based Biofertilizer Market.

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