Market Size of azotobacter Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 365.65 Million |
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Market Size (2029) | USD 580.26 Million |
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Largest Share by Crop Type | Row Crops |
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CAGR (2024 - 2029) | 9.68 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Azotobacter Market Analysis
The Azotobacter Market size is estimated at USD 365.65 million in 2024, and is expected to reach USD 580.26 million by 2029, growing at a CAGR of 9.68% during the forecast period (2024-2029).
- Row Crops is the Largest Crop Type. Barley, corn, wheat, rapeseed, rye, soybean, and rice are the major row crops grown globally. Row crops dominate the global azotobacter market with a 76.9% share in 2022.
- Row Crops is the Fastest-growing Crop Type. Azotobacter biofertilizers consumption in row crops is increasing due to the growing organic cultivation and the necessity to reduce N fertilizers consumption in row crops.
- Asia-Pacific is the Largest Region. China & India are the region's largest markets for azotobacter. Initiatives to reduce fertilizers usage and incentives to organic farmers made the region the largest consumer
- China is the Largest Country. Organic ara under cultivation in China increased by 29.6% during the historic period ( 2017 - 2021), from 1.9 million hectares in 2017 to 2.5 million hectares in 2021.
