In 2014, the North American bio-fertilizer market was dominated by leading market players, namely Antibotice SA and Novozymes A/S (Denmark). Among all major companies, Novozymes A/S has occupied a market share of 28.7% in the North America bio-fertilizers market. The company manages its business through two major segments, such as enzymes and bio-business.
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These companies are competing for a major chunk of market share in the North American bio-fertilizer market by undertaking agreements, partnerships, and collaborations. For instance, Novozymes (Denmark) signed an agreement with the Monsanto Company (U.S.) to form an alliance called BioAg. This business unit is dedicated to the development and production of microbial as well as advanced biological products for agriculture.
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Besides, Novozymes A/S (Denmark) and Antibotice SA, Rhizobacter Argentina SA (Argentina) is considered as a major player in the North American bio-fertilizer market. The company specializes in the development, production, and marketing of rhizobium fertilizers. The expansion of their facilities and new product launches in other segments of bio-fertilizers are considered as profitable business opportunities for this company.
Apart from agreements and acquisitions, leading companies are also focused on expanding their businesses in the North America region, with an aim of enhancing market position and improving productivity.