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Biofertilizers - Global Market Trajectory & Analytics

  • ID: 4911784
  • Report
  • February 2022
  • Region: Global
  • 425 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Agri Life
  • Agrinos AS
  • EuroChem Agro GmbH
  • Kan Biosys Pvt. Ltd.
  • Lallemand Inc.
  • National Fertilizer Ltd.

Global Biofertilizers Market to Reach $3 Billion by 2024


Biofertilizers are used for enhancing soil fertility to increase crop yield. The micro-organisms-containing substances help soil regain its lost nutrients. Living microorganisms in biofertilizers supply the required organic matter and nutrients to soil which are absorbed by the crops. They are also a cost-effective and efficient alternative to inorganic chemical fertilizers that are harmful to environment as well as human health. Growing concerns over food safety are spurring the use of biofertilizers. Amid the COVID-19 crisis, the global market for Biofertilizers is projected to reach US$3 Billion by 2024, registering a compounded annual growth rate (CAGR) of 10.9% over the analysis period. United States represents the largest regional market for Biofertilizers, accounting for an estimated 28.8% share of the global total. The market is projected to reach US$1 Billion by the close of the analysis period. The United States is forecast to emerge as the fastest growing regional market with a CAGR of 12.1% over the analysis period.Demand for biofertilizers is increasing because of the general rise in agricultural products need owing to fast growing global population. Increasing awareness about environmental protection and rapidly growing organic food demand also support strong market growth. Growing penchant among agriculturists to adopt more sophisticated technologies for improving overall productivity of crops is also creating strong growth opportunities for biofertilizers. Governments across the world are promoting biofertilizers usage through various grants and subsidies. In EU countries, the Common Agricultural Policy encourages use of biological products and organic farming. Training programs are also being organized for educating farmers in the area of usage and motivating them to adopt biofertilizers in place of chemical fertilizers. The market in North America is anticipated to witness strong growth in biofertilizers demand in the coming years owing to the several bans being imposed on harmful chemical-based fertilizer usage in agriculture because of the many adverse impacts on the ecology observed. In the Asia-Pacific, fast rising population and the need for more sustainably grown food products and the rising focus on organic products constitute the factors promoting biofertilizers market growth.

The market for seed treatment is forecast to emerge as the dominant application of biofertilizers over the analysis period. When seeds are treated with biofertilizers they are able to better sustain virus and bacterial attacks and it also results in increased crop yield. Treated seeds are able to better harness atmospheric nitrogen which is in turn made available to plants. The seeds are also able to enhance soil phosphorous content by way of solubilizing and enhancing its availability. Seed treatment also protects seeds from insects and pathogens and promotes early growth of plants. The growing trend of agriculturists using more of treated seeds is anticipated to fuel biofertilizers market growth.

Select Competitors (Total 56 Featured) -

  • Agri Life
  • Agrinos AS
  • Ajay Bio-Tech (India) Ltd.
  • China Bio-Fertilizer Group
  • EuroChem Agro GmbH
  • Gujarat State Fertilizers & Chemicals Limited
  • Kan Biosys Pvt. Ltd.
  • Kiwa Bio-Tech Products Group Corporation
  • Lallemand Inc.
  • Madras Fertilizers Limited
  • Mapleton Agri Biotec Pty Ltd.
  • National Fertilizer Ltd.
  • Rizobacter Argentina S.A.
  • Symborg
  • Syngenta AG
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Agri Life
  • Agrinos AS
  • EuroChem Agro GmbH
  • Kan Biosys Pvt. Ltd.
  • Lallemand Inc.
  • National Fertilizer Ltd.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Biofertilizers: A Prelude
  • Product Types of Biofertilizers
  • Nitrogen Fixing Biofertilizer
  • Phosphate Solubilizers
  • Other Product Types
  • Biofertilizers by Crop Type
  • Cereals & Grains
  • Pulses & Oilseeds
  • Fruits & Vegetables
  • Other Crop Types
  • Key Applications of Biofertilizers
  • Seed Treatment
  • Soil Treatment
  • Other Applications
  • An Overview of the Global Biofertilizers Market
  • Growth Drivers
  • Regional Market Analysis
  • Developed Regions Remain Primary Revenue Contributors and Hot Spots for Future Growth
  • World Biofertilizers Market: Percentage Breakdown of Sales for Developed and Developing Regions for the Years 2019 & 2025
  • World Biofertilizers Market: Geographic Regions Ranked by CAGR (Sales) for 2018-2025
  • Rice Farmers in China Embrace Biofertilizers to Improve Crop Quality and Yield: A Case in Point
  • Nitrogen Fixing Biofertilizers: Rising Demand for Improving Soil Fertility to Propel Growth
  • Biofertilizers Facilitating High Yield Production of Cereal and Grain Crops
  • Seed Treatment Constitutes the Largest Application Market
  • Biofertilizers – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

  • Agri Life (India)
  • Agrinos AS (Norway)
  • Ajay Bio-Tech (India) Ltd. (India)
  • China Bio-Fertilizer Group (Germany)
  • EuroChem Agro GmbH (Germany)
  • Gujarat State Fertilizers & Chemicals Limited (India)
  • Kan Biosys Pvt. Ltd. (India)
  • Kiwa Bio-Tech Products Group Corporation (USA)
  • Lallemand Inc. (Canada)
  • Madras Fertilizers Limited (India)
  • Mapleton Agri Biotec Pty Ltd. (Australia)
  • National Fertilizer Ltd. (India)
  • Rizobacter Argentina S.A. (Argentina)
  • Symborg (Spain)
  • Syngenta AG (Switzerland)

3. MARKET TRENDS & DRIVERS

  • Pressing Need to Improve Sustainability Quotient of Agriculture Fuels Biofertilizer Demand
  • Harmful Impacts of Using Chemical Fertilizers Propels Growth
  • Rising Focus on Sustainable Agriculture Drives Demand for Biofertilizers
  • Shrinking Arable Land Drives Demand for Biofertilizers
  • Loss of Arable Land Exerts Immense Pressure on Yields Per Acre: Global Availability of Arable Land in Hectares Per Person for the Years 1990, 2000, 2018 and 2020
  • Arable Land Worldwide as a % of Total Land Area for the Years 1990, 2000, 2018 and 2020
  • Emergence of Mega Farms Augments Importance of Biofertilizers
  • Farm Size Distribution Worldwide: Percentage Breakdown of Farm Land by Size and Region
  • Balooning Global Population Drives Need for Food Security Leading to Growing Consumption of Biofertilizers
  • World Population by Geographic Region (2018-2050) (in Thousands)
  • Food Demand Worldwide: Demand Growth in Million Tonnes by Food Type for the Period 2008-2017 and 2018-2027
  • Global Crop Production by Crop Type (in Million Metric Tons): 2017-2020
  • Expanding Urban Population
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 2000, 2020 & 2050
  • Biofertilizers Allow Agriculture Industry to Gear Up and Deal with Future Challenges
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Increasing Organic Farming: A Major Growth Promoting Factor for Biofertilizers
  • Global Organic Agricultural Land in Million Hectares for the Years 2010, 2012, 2014, 2016 and 2018
  • Demand for Biofertilizers for Organic Farming on the Rise in North America and Europe
  • Emerging Opportunities in Organic Farming in Asia-Pacific
  • Biofertlizers Complement Organic Fertilizers in Organic Farming Methods
  • Global Organic Fertilizers Market Revenues in US$ Billion for the Years 2019 and 2025
  • Unprecedented Demand for Organic Food Augments Growth of Biofertilizer Market
  • Global Food & Beverages Market in US$ Trillion for the Years 2018, 2020 & 2022
  • Global Demand for Organic Food Products (in US$ Billion): 2015-2025
  • Abundant Opportunities in Growing Organic Food Market
  • Global Agricultural Land Under Organic Farming (in Hectares and % Share): 2000-2017
  • Global Percentage Distribution of Organic Farmland by Region: 2017
  • Increasing Production of Horticulture Crops Offer Strong Growth Opportunities for Biofertilizers
  • Global Vegetable and Fresh Fruit Production Volume in Million Metric Tons for the Period 2010-2017
  • Global Vegetable Production Share (in %) by Top Vegetables for 2019
  • Biofertilizers Help Improve Production and Yield of Pulse Crops
  • Global Pulses Production Volume in Million Metric Tons for the Period 2010-2017
  • Increasing Use of Soybean as Feed Drives Biofertilizer Consumption
  • Participants Make Concerted Efforts to Improve Shelf-Life of Biofertilizers
  • Potential Challenges Restricting Growth of Biofertilizers Market
  • Factors Impeding Broader Adoption of Biofertilizers

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Biofertilizers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Biofertilizers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Biofertilizers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Biofertilizers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Biofertilizers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Biofertilizers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Biofertilizers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Biofertilizers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Biofertilizers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Biofertilizers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Biofertilizers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Biofertilizers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Biofertilizers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 56
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Agri Life
  • Agrinos AS
  • Ajay Bio-Tech (India) Ltd.
  • China Bio-Fertilizer Group
  • EuroChem Agro GmbH
  • Gujarat State Fertilizers & Chemicals Limited
  • Kan Biosys Pvt. Ltd.
  • Kiwa Bio-Tech Products Group Corporation
  • Lallemand Inc.
  • Madras Fertilizers Limited
  • Mapleton Agri Biotec Pty Ltd.
  • National Fertilizer Ltd.
  • Rizobacter Argentina S.A.
  • Symborg
  • Syngenta AG
Note: Product cover images may vary from those shown