Home > Agriculture > Seed & Soil > Soil Management > Azotobacter-based Biofertilizer Market

Azotobacter-based Biofertilizer Market Size

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

Azotobacter-based Biofertilizer Market Size

Azotobacter-based Biofertilizer Market achieved USD 7.9 billion in 2023 and will grow at 13.2% CAGR from 2024 to 2032. The market is growing rapidly due to several key factors.

 

One major reason is the increasing demand for sustainable farming and organic agriculture. Farmers are looking for alternatives to chemical fertilizers because of environmental concerns and stricter regulations. Additionally, consumers are more aware of the health benefits of organic produce, which boosts the demand for biofertilizers.
 

Another important factor is the focus on improving soil health and fertility. Azotobacter-based biofertilizers help fix nitrogen, improve soil structure, and promote plant growth while reducing environmental damage. They are also more cost-effective than traditional chemical fertilizers, especially for farmers in developing countries. Government programs and subsidies, such as those from the United States Department of Agriculture (USDA), support sustainable farming practices, further driving market growth. According to the USDA, programs like the Environmental Quality Incentives Program (EQIP) have been instrumental in promoting the use of biofertilizers (USDA, 2023).
 

The limited shelf life of biofertilizers and their inconsistent performance across different soil types present significant challenges in the Azotobacter-based biofertilizer market. Biofertilizers, being living microorganisms, have a finite viability period, typically ranging from 3 to 6 months, which complicates storage, distribution, and application timing. This short shelf life can lead to reduced efficacy if not used promptly, potentially disappointing farmers and hindering widespread adoption. Additionally, the performance of these biofertilizers can vary considerably depending on soil conditions, pH levels, temperature, and moisture content. What works well in one region may not yield the same results in another, making it difficult to guarantee consistent outcomes across diverse agricultural landscapes. This variability can erode farmer confidence and slow market penetration, especially in areas with complex or challenging soil compositions.

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.

Azotobacter-based Biofertilizer Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 172
  • Countries covered: 21
  • Pages: 200
 Download Free Sample