Azospirillum Bacteria Fertilizers Market - 2023-2030

Overview

Global Azospirillum Bacteria Fertilizers Market reached US$ 620.0 million in 2022 and is expected to reach US$ 923.02 million by 2030, growing with a CAGR of 5.1% during the forecast period 2023-2030.

Increasing environmental concerns and a focus on sustainable agricultural practices were driving the adoption of biofertilizers, including azospirillum bacteria fertilizers. Farmers and consumers alike were seeking more eco-friendly and organic farming solutions. According to FiBL survey 2021, organic agriculture is practiced in 187 countries, and from that Australia has the highest organic agricultural land which is 35.69 million hectares.

Governments around the world were offering incentives and subsidies to promote organic farming practices. This support encouraged farmers to explore and adopt biofertilizers as part of their organic farming strategies. Ongoing research and development efforts were aimed at improving the effectiveness of azospirillum bacteria fertilizers. This included the development of new strains of bacteria and innovative formulations to enhance crop yields.

Soil treatment holds a majority share of over 50% in the azospirillum bacteria fertilizers market, highlighting its substantial role in agricultural applications. Asia Pacific holds a significant one-third share of the azospirillum bacteria fertilizers market. Many countries are providing schemes to adopt different fertilizers and increase productivity which in turn help farmers to use azospirillum bacteria fertilizers. In May 2023, in India, the Union Cabinet approved a Rs 1.08 lakh crore for the fertilizer subsidy for the 2023-24 Kharif season, to ensure the availability of fertilizers to farmers at subsidized, affordable, and reasonable prices.

Dynamics

Increasing Organic Farming Practices

There is a growing demand for organic farming as it relies on natural and sustainable practices while avoiding the use of synthetic chemicals, including synthetic fertilizers. According to the FIBL survey 2021, in 187 nations, organic farming is practiced, and 72.3 million hectares of land were farmed using organic methods. Azospirillum bacteria fertilizers are considered compatible with organic farming principles because they are derived from naturally occurring soil bacteria and do not contain synthetic chemicals.

Organic farming places a strong emphasis on maintaining and improving soil health. Azospirillum bacteria have been shown to improve soil structure and nutrient availability, which aligns with organic farming goals. Farmers practicing organic agriculture often seek natural soil amendments that promote soil fertility and microbial diversity, making azospirillum fertilizers an attractive choice.

Rising Awareness of Soil Health

Increased awareness about soil health has led farmers and agricultural professionals to prioritize soil quality as a key factor in crop production. Azospirillum bacteria fertilizers are known to improve soil health by enhancing soil structure, nutrient availability, and microbial diversity. In January 2023, Verdesian Life Sciences, introduced Accolade, a liquid biological for early growth. Accolade contains azopirillum brasilense, a nitrogen-fixing bacteria.

Soil health awareness has led to a greater focus on nutrient efficiency. Azospirillum bacteria can enhance nutrient uptake by plants, making them more efficient in utilizing available nutrients in the soil. This efficiency can result in improved crop yields and reduced fertilizer waste. Azospirillum bacteria fertilizers are considered a sustainable alternative that promotes soil health without the environmental drawbacks associated with synthetic chemicals.

Limited Awareness and Knowledge Among Farmers

Many farmers may not be familiar with azospirillum bacteria fertilizers and have a limited understanding of how they work and the benefits they offer. The limited awareness and knowledge among farmers regarding the benefits and effective use of azospirillum bacteria fertilizers pose a significant challenge. This knowledge gap can deter adoption as farmers may perceive these biofertilizers as risky or unfamiliar.

Many farmers tend to rely on traditional farming methods and inputs they are familiar with. They feel hesitant to adopt new technologies or products, like azospirillum bacteria fertilizers if they are not well-informed about their benefits. Hence, the limited awareness among farmers about azospirillum bacteria fertilizers acts as a restraining factor for market expansion.

Segment Analysis

The global azospirillum bacteria fertilizers market is segmented based on crop, technology, distribution channel, application and region.

Rising Awareness about Enhanced Nutrient uptake and Compatibility with Various Crops of Soil Treatment

Azospirillum bacteria are soil-borne microorganisms, and soil treatment allows for direct introduction into the soil where they can establish a stable population and interact with plant roots. Soil treatment ensures a more sustained and long-term presence of Azospirillum bacteria in the rhizosphere, benefiting multiple crops over an extended period.

Azospirillum bacteria in the soil can fix atmospheric nitrogen, making it available to plants. They also enhance nutrient uptake and improve soil structure, leading to increased crop productivity. Soil treatment can be tailored to specific crop and soil conditions, making it versatile and suitable for a wide range of agricultural practices. The enhanced nutrient uptake and compatibility with various crops are making the soil treatment application more popular.

Source: DataM Intelligence Analysis (2023)

Geographical Penetration

Asia-Pacific's Growing Organic Farming

Many countries in the Asia-Pacific region, such as India, China, Indonesia, and Vietnam, have substantial agricultural sectors. There is a growing trend toward organic farming in the Asia Pacific region. According to FIBL Survey 2021, India is in a unique position among the 187 nations that practice organic agriculture. With 2.30 million acres, India is home to 30% of all organic producers worldwide. Azospirillum bacteria fertilizers are particularly favored among organic farmers due to their compatibility with organic practices.

As environmental concerns grow globally, there is a greater emphasis on sustainable and eco-friendly agricultural practices in the APAC region. According to the Ministry of Agriculture, Forestry and Fisheries, Japan reported that it has set a strategy called Green Food System Strategy to reduce the amounts of chemical fertilizers used by 30% by 205o. Biofertilizers like azospirillum bacteria fertilizers are viewed as environmentally friendly alternatives to synthetic chemicals.

Some APAC governments have launched initiatives to promote sustainable agriculture and reduce the use of chemical fertilizers. This includes providing subsidies or incentives for using biofertilizers, which can boost their adoption. For instance, in India, in June 2023, The Cabinet Committee on Economic Affairs (CCEA) approved a bouquet of fertilizer schemes, to boost the well-being of farmers with a total allocation of 3.70 trillion rupees. These types of support can boost the demand for advanced agricultural products including azospirillum fertilizers.

Source: DataM Intelligence Analysis (2023)

Competitive Landscape

The major global players include Gujarat State Fertilizers & Chemicals Limited, IFFCO, T.Stanes and Company Limited, UPL, Katyayani Organics, IPL Biologicals, Indogulf BioAg LLC, AgriLife, Vijaya Agro Industries and Peptech Biosciences Ltd.

COVID-19 Impact Analysis

COVID Impact

The COVID-19 pandemic had various impacts on the agriculture industry, including the market for azospirillum bacteria fertilizers. These impacts were influenced by factors such as supply chain disruptions, changes in consumer behavior, and government responses. The pandemic disrupted global supply chains, affecting the production and distribution of agricultural inputs, including biofertilizers. Delays in the supply chain could have led to temporary shortages or increased prices for azospirillum bacteria fertilizers.

Restrictions on movement and social distancing measures may have led to labor shortages in agriculture, potentially impacting the application of biofertilizers on farms. Labor-intensive tasks, such as applying biofertilizers to crops, may have been delayed or reduced in scale. Economic challenges resulting from the pandemic, including reduced incomes for farmers and uncertainties in the agricultural sector, could have influenced purchasing decisions. Farmers may have been more cautious about investing in new agricultural inputs.

Russia- Ukraine War Impact

The conflict disrupted supply chains for agricultural inputs, including biofertilizers. The conflict led to delays or shortages in the availability of azospirillum bacteria fertilizers. In conflict-affected areas, agricultural activities are disrupted and reduced due to safety concerns, displacement of populations, and damage to infrastructure. This can directly impact the demand for agricultural inputs, including biofertilizers.

In the international fertilizer industry, both Russia and Ukraine are significant players. Data from the trade group Fertilizers Europe show that up to 60% of the fertilizer used in the EU is supplied by Belarus and Russia. The conflict had an impact on these nations' transportation and fertilizer production infrastructure, which reduced the overall availability of azospirillum fertilizers. Reduced production capacity results in increased costs and a smaller market.

By Crop

• Grains and Cereals
• Pulses and Oilseeds
• Fruits and Vegetables
• Commercial Crops

By Technology

• Carrier Enriched Biofertilizer
• Liquid Biofertilizer
• Others

By Distribution Channel

• E-Commerce
• Supermarket/Hypermarket
• Specialty Stores
• Others

By Application

• Seed Treatment
• Soil Treatment

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In May 2023, Yara International, a provider of specialty crop nutrition products, announced to build a global plant for the production of specialty fertilizers and biostimulants.
• In August 2021, The Embrapa Soja (PR), introduced an innovative technique that combines microorganisms with multifunctional properties ( Azospirillum brasilense and Pseudomonas fluorescens). This technology has the potential to increase pasture production of Brachiaria by an average of 22% and increase plant nutrient uptake.

Why Purchase the Report?

• To visualize the global azospirillum bacteria fertilizers market segmentation based on crop, technology, distribution channel, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of azospirillum bacteria fertilizers market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global azospirillum bacteria fertilizers market report would provide approximately 69 tables, 68 figures and 181 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies