-
Global Biofertilizers Market Overview:
“The global Biofertilizers Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global biofertilizers market report has been segmented on the basis of product, application, and region.
Biofertilizers are the substances that fertile the soil using microorganisms and help to increase the level of nutrients in the plants.
These fertilizers are not harmful to crops like other chemical fertilizers. Increase in demand for biofertilizers is expected to lower the demand for chemical fertilizers, as they hamper the health of the soil.
Biofertilizers are produced from animal wastes and microbial mixture. Biofertilizers are environment-friendly and protect the plants from diseases.
Growing concerns regarding the food safety are expected to drive the biofertilizers market. Increasing demand for agrochemicals coupled with increasing adoption of bio-based plant enhancers is expected to boost the biofertilizers market over the forecast period.
Government initiatives to promote organic farming is estimated to fuel the market growth over the forecast.
Nitrogen fixing is estimated to account the major share of the market and is expected to maintain its dominance over the forecast period.
Nitrogen biofertilizers are used as nitrogen source of crops namely rice, sugarcane, etc., Rice is the prominent crop in many countries namely China, India, Japan, Brazil, Indonesia, which is expected to boost the demand for nitrogen biofertilizers in these regions.
Seed treatment is expected to be the largest application segment in the global biofertilizers market. Seed treatment with biofertilizers helps to sustain the viral attacks in the crop and helps in increasing the yield. Seed treatment can be done in two methods that are soil application and root dipping.
The ease in the adoption of biofertilizers for seed treatment is estimated to drive the market growth over the forecast period.
North America is expected to account major share in the market and is estimated to maintain its dominance over the forecast period.
Growing awareness regarding the consumption of organic food coupled with increasing awareness regarding the hazards associated with chemical fertilizers and pesticides are the major factors boosting the demand for biofertilizers in the region.
National Organic Program (NOP) initiated by US government, which aims to develop and implement standards for organic products. US imports around 50% of its nitrogen biofertilizers from Canada, Russia, and Trinidad and Tobago.
Market segmentation and key players operating in the global biofertilizers market:
By product:
- Nitrogen-fixing
- Phosphate solubilizing
- Potash mobilizing
- Others
By application:
- Seed treatment
- Soil treatment
- Others
By region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
- Gujarat State Fertilizers & Chemicals Ltd.
- CBF China Bio-Fertilizer AG
- Mapleton Agri Biotech Private Ltd
- Madras Fertilizers Limited
- Rizobacter Argentina S.A.
- Novozymes A/S
- Antibiotice S.A.
- National Fertilizers Ltd
- Lallemand Inc.
- Camson Bio Technologies Limited
-
Request for TOC
-
Inquiry Form
Why Choose Us
- 360 Degree Approach
- Growth Consulting
- 24/7 Research Support
- Comprehensive-Level of Customization
- Comprehensive-Level of Customization
- Competitive Intelligence
- Single-Country/ Region Intelligence
- Post-Sale Service Assistance
- Access to Lead Analysts
- Available in PDF, Excel, Word/ PPT
-
Request for Customization
OUR CLIENTS
Don't just take our word. We are trusted by these great companies!