+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Azotobacter based Biofertilizer Market - Growth, Trends, and Forecast (2020 - 2025)

  • PDF Icon


  • 109 Pages
  • April 2020
  • Region: Global
  • Mordor Intelligence
  • ID: 4828413
The Azotobacter based bio-fertilizer market is projected to grow at a CAGR of 8.7% during the forecast period. The increased practice of organic farming and the increasing demand for organic food are the two major factors that are driving the growth of the azotobacter based bio-fertilizer market. Also, the favorable policies implemented by the government for organic farming are augmenting the growth of the market studied.

Key Market Trends

The Increased Practice of Organic Farming is driving the market

According to the Organic Trade Association, approximately 82% of households in the United States purchase organic food. The organic food market in India has been registering a CAGR of 25%. As per Statista, it is anticipated to reach USD 1.36 billion by 2020. The rise in demand for organic products is booming, not only due to an increase in conscientious consumers, but also due to increasing incomes, along with improved farming practices that make organic yields more robust. As a result, the increasing demand for organic food, worldwide, has increased the area under organic farming, worldwide. The Common Agricultural Policy limits and restricts the use of synthetic fertilizers, while promoting the use of biofertilizers and organic farming.

Europe dominates the market

Out of the several species of azotobacter, A. chroococcum happens to be the most dominant inhabitant in arable soils, capable of fixing nitrogen. Bacteria of the genus Azotobacteria synthesizes auxins, cytokinins, GA-like substances are the major substances regulating the enhanced growth. This biofertilizer is mainly used in Russia and many European countries under the name Azotobacterin. This genus includes diverse species, namely, A. chroococcum, A.vinelandii, A. beijerinckii, A. nigricans, A. armeniacus, and A. paspali. It is used as a biofertilizer for different crops, including wheat, oat, barley mustard, rice, linseeds, sunflower, castor, maize, sorghum, cotton, jute, sugar beets, tobacco, tea, coffee, rubber, and coconuts.

Competitive Landscape

Companies operating in the azotobacter based bio-fertilizer market are adopting various strategies, such as product launches, partnerships, and acquisitions, to gain a larger share in the market. Investment in R&D and the introduction of new products is a primary strategy adopted by all major companies involved in the market studied. Apart from product launches, companies are entering into partnerships and agreements, in order to increase their customer base and develop R&D capabilities.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This product will be delivered within 2 business days.

Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry Attractiveness - Porter's Five Force Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5.1 Geography
5.1.1 North America US Canada Mexico Rest of North America
5.1.2 Europe Germany UK France Spain Italy Russia Rest of Europe
5.1.3 Asia Pacific China Japan India Australia Rest of Asia-Pacific
5.1.4 South America Brazil Argentina Rest of South America
5.1.5 Rest of the World South Africa Middle East Rest of Africa
6.1 Most Adopted Market Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Agrinos AS
6.3.2 Agri Life
6.3.3 CBF China Biofertilizer AG
6.3.4 Kiwa Bio-Tech Products Group Corporation
6.3.5 National Fertilizer Ltd

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Agrinos AS
  • Agri Life
  • CBF China Biofertilizer AG
  • Kiwa Bio-Tech Products Group Corporation
  • National Fertilizer Ltd