Rhizobium Bacteria Fertilizers Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LONDON, GREATER LONDON , UK, August 9, 2024 /EINPresswire.com/ -- The rhizobium bacteria fertilizers market has experienced robust growth in recent years, expanding from $2 billion in 2023 to $2.17 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to early adoption by progressive farmers, agricultural sustainability movement, scientific research, initial market competitiveness, green revolution legacy.
Strong Future Growth Anticipated
The rhizobium bacteria fertilizers market is projected to continue its strong growth, reaching $3.05 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to consumer demand for sustainable products, precision agriculture techniques, market expansion, climate change mitigation.
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Growth Driver Of The Rhizobium Bacteria Fertilizers MarketAn increase in demand for organic products is expected to propel the growth of the rhizobium bacteria fertilizers market going forward. Organic products refer to products made from organic farming or agricultural materials. The increasing demand for organic products will benefit the rhizobium bacteria fertilizer. Rhizobium bacteria could reduce the need for artificial fertilizers by fixing atmospheric nitrogen, which is needed for crop production. Using biofertilizers such as rhizobium bacteria fertilizers can assist in fulfilling the nutritious food need of the world's growing population.
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Rhizobium Bacteria Fertilizers Market Major Players And Market TrendsKey players in the rhizobium bacteria fertilizers market include Yara International Asa, Nutrien Ltd., Eurochem Group Ag, Lallemand Inc., Aumgene Biosciences Pvt. Ltd., Cf Industries Holdings Inc.Strategic collaborations and partnerships are key trends gaining popularity in the rhizobium bacteria fertilizers market. Major market players are collaborating to develop novel technologies.
Rhizobium Bacteria Fertilizers Market Segments:1) By Type: Nitrogen-Fixing, Phosphate-Solubilizing, Potash-Mobilizing, Other Types2) By Crop Type: Cereals And Grains, Pulses And Oilseeds, Fruits And Vegetables, Other Crop Types3) By Technology: Carrier Enriched Biofertilizers, Liquid Biofertilizers4) By Application: Seed Treatment, Soil Treatment, Other Applications
Geographical Insights: Asia-Pacific Leading The MarketAsia-Pacific was the largest region in the rhizobium bacteria fertilizers market in 2023. The regions covered in the rhizobium bacteria fertilizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Rhizobium Bacteria Fertilizers Market DefinitionRhizobium bacteria fertilizers refer to a type of biofertilizer made up of Acetobacter bacteria, which may colonize plant roots and fix atmospheric nitrogen. Rhizobium is known to form colonies on the surface of the roots, promoting biological nitrogen fixation and supplying nitrogen to leguminous crops . As a result, this process is thought to be important for increasing yield and soil fertility.
Rhizobium Bacteria Fertilizers Global Market Report 2024 from The Business Research Company covers the following information:• Market size data for the forecast period: Historical and Future• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.The Rhizobium Bacteria Fertilizers Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on rhizobium bacteria fertilizers market size, rhizobium bacteria fertilizers market drivers and trends, rhizobium bacteria fertilizers market major players, rhizobium bacteria fertilizers competitors' revenues, rhizobium bacteria fertilizers market positioning, and rhizobium bacteria fertilizers market growth across geographies. The rhizobium bacteria fertilizers market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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August 09, 2024, 10:38 GMT
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Originally published at https://www.einpresswire.com/article/734218841/global-rhizobium-bacteria-fertilizers-market-size-share-and-growth-analysis-for-2024-2033
