Market Size of rhizobium Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 0.82 Billion |
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Market Size (2029) | USD 1.36 Billion |
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Largest Share by Crop Type | Row Crops |
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CAGR (2024 - 2029) | 10.65 % |
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Largest Share by Region | North America |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Rhizobium Biofertilizers Market Analysis
The Rhizobium Market size is estimated at USD 0.82 billion in 2024, and is expected to reach USD 1.36 billion by 2029, growing at a CAGR of 10.65% during the forecast period (2024-2029).
- Row Crops is the Largest Crop Type. The interaction between rhizobia and legume roots results in the formation of a highly regulated process converts atmospheric nitrogen into an assimilable plant nutrient.
- Row Crops is the Fastest-growing Crop Type. Barley, maize, wheat, rapeseed, rye, sunflower, soybean, and rice crops formed globally. North America and Europe regions row crop's consumption dominating the market.
- North America is the Largest Region. The increased organic cultivation of row crops in the United states and Canada resulted in an increase in the use of rhizobia-based biofertilizers in the region.
- United States is the Largest Country. Corn, soybeans, rice, wheat, and alfalfa are produced in the country and the organic area under cultivation of field crops has expanded, increased by 27.4% from 2017 to 2022.
