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Azotobacter-based Biofertilizer Market Share

Report ID: GMI10486
Published Date: Jul 2024
Report Format: PDF

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Azotobacter-based Biofertilizer Market Share

The market features a diverse array of key players, each playing a pivotal role in driving the sector's growth and fostering innovation. Notable entities such as Green Vision Life Sciences Pvt. Ltd., Gujarat State Fertilizers and Chemicals Ltd., and Kiwa Bio Tech Products Group Corp. have emerged as frontrunners, cementing their positions as major influencers in the domain. Indian fertilizer stalwarts, MADRAS FERTILIZERS LTD. and National Fertilizers Ltd., have significantly expanded their footprint into the biofertilizer realm. Meanwhile, global biotech leader Novozymes AS, known for its robust R&D, is also actively shaping the azotobacter-based biofertilizer landscape.

On the horizon, we see rising stars like Phms Technocare Pvt Ltd. and SOM Phytopharma India Ltd., gaining market traction with their innovative offerings and localized strategies. Completing the roster are Unisun Agro Pvt. Ltd. and Universal Industries, each bringing a distinct set of strengths to the table. Collectively, these players, spanning from traditional fertilizer manufacturers to specialized biofertilizer producers, are propelling the azotobacter-based biofertilizer industry forward. Their varied expertise not only fuels product innovation and application methods but also broadens the market's horizons.

Azotobacter-based Biofertilizer Market Companies

Top companies operating in the industry include:

Green Vision Life Sciences Pvt. Ltd.
Gujarat State Fertilizers and Chemicals Ltd.
Kiwa Bio Tech Products Group Corp.
MADRAS FERTILIZERS LTD.
National Fertilizers Ltd.
Novozymes AS
Phms Technocare Pvt Ltd.
SOM Phytopharma India Ltd.
Unisun Agro Pvt. Ltd.
Universal Industries

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for azotobacter-based biofertilizer achieved USD 7.9 billion in 2023 and will infer 13.2% CAGR from 2024 to 2032, driven by the increasing demand for sustainable farming and organic agriculture.

The liquid azotobacter-based biofertilizer segment is projected to capture USD 5.3 billion in 2032, attributed to the ease of application via existing irrigation systems, enhanced plant absorption, and the uniform distribution of microorganisms.

Asia Pacific azotobacter-based biofertilizer market and will expand at 13.4% CAGR from 2024 to 2032, driven by a swelling population and subsequent rise in food demand.

Novozymes AS, Phms Technocare Pvt Ltd, SOM Phytopharma India Ltd, Unisun Agro Pvt. Ltd, Universal Industries among others.