Market Trends of North America Biofertilizers Industry
This section covers the major market trends shaping the North America Biofertilizers Market according to our research experts:
Increasing Demand for Quality and Higher Crop Yields
The growing population in North America is leading to a decline in the proportion of arable land, which is primarily used to produce food. This is necessitating cultivation in poor soils. The application of biofertilizers helps in enhancing the yield and the quality of the soil. Therefore, it also improves the bioavailability of all kinds of nutrients. This, in turn, is anticipated to contribute to productivity, nutrient content, and profitability. Moreover, biofertilizers are less reactive to soil conditions and can significantly enhance nutrient uptake and utilization efficiencies. This is anticipated to improve the quality of the crop. When biofertilizers are properly used to replenish nutrients removed in previous crops, they are anticipated to improve the productivity of farms. An increase in farm productivity is beneficial to the environment, primarily due to the lower requirement of land, labor, and energy per unit of output. Consumption of organic food has become a popular trend in the last few years due to the awareness of a healthy diet. The United states organic food sales reached a record of 49.4 billion in 2017, which reflected an increase in 6.4% from the previous year. According to the stats revealed by FiBl, North America held 5% of world organic agriculture land, where the United States stood as the fifth-largest country. These properties together account for high significance in their popularity in sustainable agriculture and production. With the advent of integrated pest management programs that promote the use of biological organic fertilizer, the agriculture sector is anticipated to witness increased use of biological organic fertilizers.
Rhizobium Biofertilizers Hold the Largest Market Share
The rhizobium segment accounted for a share of 18.1% of the North American market in 2019. Rhizobium is a naturally occurring nitrogen-fixing bacterium, found especially in the root nodules of leguminous plants. It has been estimated that 40-250 kg of nitrogen per hectare per year is fixed by different legume crops by microbial activities of rhizobium. In terms of products, rhizobium also accounts for the major share of the biofertilizer production, globally. The popular genera used as biofertilizers are Bradyrhizobium, Sinorhizobium, Azorhizobium, Mesorhizobium, and Allorhizobium. Some popular Rhizobium-based products are Cell-Tech® (Novozymes), Nitragin Gold® (Novozymes), TagTeam® (Novozymes), Mamezo® (Tokachi Federation of Agricultural Cooperatives), R-Processing Seeds® (Tokachi Federation of Agricultural Cooperatives), and Hyper Coating Seeds ® (Tokachi Federation of Agricultural Cooperatives), among others. There is constant research being carried out to develop strains that are biotic/abiotic stress-tolerant across the region. For instance, Rhizobium trifolii inoculated with Trifoliumalexandrinum displayed higher biomass and increased nodulation under salinity stress conditions. These positive research results and the presence of active companies in this segment are likely to drive the market for rhizobium biofertilizers to a great extent in the years to come.
