Furthermore, factors that drive the global biofertilizers industry include an increase in the level of nitrogen and phosphorus available to plants more naturally than other fertilizers and soil improvement by restoring its normal fertility. In addition, biofertilizers boost quality and soil texture, which helps plants grow better during severe conditions, such as drought. Moreover, biofertilizers are affordable and easy-to-use options for manufactured petrochemical products. According to the publisher, Global Biological Organic Fertilizers Market will be US$ 3.1 Billion by 2027.
Based on Product Type, the Biological Organic Fertilizer Market Includes Microorganisms and Organic Residues
Microorganisms are commonly used as biofertilizers, including nitrogen-fixing and phosphate-solubilizing; the microorganisms present restore their nutrient cycle and enhance the soil's health. Most soils are deficient in phosphorus, an essential macronutrient apart from microorganisms such as azobacter, rhizobium, azospirillium and others. Rhizobium inoculant is used for leguminous crops. Azotobacter can be used with wheat, maize, mustard, cotton, potato and other vegetable crops
By Application, Seeds Treatment holds the lion’s Market Share
The selected strains of useful soil microorganisms used for seed treatment, soil treatment and root dripping or soil application are particularly gaining popularity among the farming communities. As per our research report, Worldwide Bio Organic Fertilizer Market Size will grow with a double-digit CAGR of 12.03% during (2020-2027)
Regional Analysis: Asia-Pacific is emerging as a huge market for Biological Organic Fertilizers
Worldwide, Asia-Pacific and Europe are the largest markets, followed by North America. The consumption of organic fertilizers in Asia-Pacific is increase with rising awareness among the farmers about the benefits of bio-based and organic residue-based fertilizers. The regional demand is concentrated among major agriculture-based countries like China, India and Vietnam, while China and India are leading the industry developments
In addition, the Asia-Pacific region is majorly influenced by the Chinese market. China's Ministry of Agriculture issued a pilot plan for fertilizer replacement in around 100 districts of China, which aimed to reduce chemical use fertilizer by at least 20% in 2020. At present, the number of organic fertilizer manufacturers has been rising each year. Some more prominent fertilizer manufacturers have also stepped into the industry. As per our research findings, Biological Organic Fertilizer Industry was US$ 1.4 Billion in 2020.
Impact of COVID-19 on Biological Organic Fertilizer Market
The COVID-19 pandemic has impacted the biological organic fertilizer industry, resulting in the slow growth of the market during the forecast period. Effective policies from the government and the implementation of reasonable practices can help companies gain profits post the immediate effects of the pandemic
The Biological Organic Fertilizers market is highly consolidated with key players
National Fertilizers, Madras Fertilizers, Seek Biotechnology Co. Ltd, Coromandel International, Nagarujuna fertilizers and Chemicals Ltd are some of the key market players in the biofertilizer market
This report “Biological Organic Fertilizers Market by Type (Nitrogen Fixing, Phosphate Solubilizing and Others), Application (seed treatment, soil treatment and root dripping), Product type(Microorganism - Azospirillum, Cyanobacteria, Phospate-Solublizing Bacteria, Azolla ,Aulosira, Rhizobium, Azotobacter, Other Organic Residues - Farm Yard Manure, Crop Residue, Green Manure, Other Products), Crop type (Cereals, Pulses & Oilseeds, Fruit & Vegetables, Others), Region (North America, Europe, Asia- Pacific, South America and Middle East & Africa), Company Analysis (National Fertilizers, Madras Fertilizers, Seek Biotechnology Co. Ltd, Coromandel International, Nagarujuna fertilizers and Chemicals Ltd)” provides complete details on Biological Organic Fertilizers Industry
Type - Biological Organic Fertilizers Market has covered from 3 viewpoints:
1. Nitrogen Fixing
2. Phosphate Solubilizing
3. Others
Mode of Application - Biological Organic Fertilizers Market has covered from 3 viewpoints:
1. Seed Treatment
2. Soil Treatment
3. Root Dripping
Product Type - Biological Organic Fertilizers Market has covered from 2 Segments and its Sub-segments
Microorganism
1. Azospirillum
2. Cyanobacteria
3. Phospate-Solublizing Bacteria
4. Azolla
5. Aulosira
6. Rhizobium
7. Azotobacter
8. Other
Organic Residues
1. Farm Yard Manure
2. Crop Residue
3. Green Manure
4. Other Products
Crop Type - Biological Organic Fertilizers Market has covered from 4 viewpoints:
1. Cereals
2. Pulses & Oilseeds
3. Fruit & Vegetables
4. Others
Region - Biological Organic Fertilizers Market has covered from 5 viewpoints:
1. Europe
2. Asia-Pacific
3. North America
4. South America
5. Middle East & Africa
All key players have been covered from 3 viewpoints
- Overview
- Recent Developments
- Financial Insights
Company Analysis
1. National Fertilizers
2. Madras Fertilizers
3. Seek Biotechnology Co. Ltd
4. Coromandel International
5. Nagarujuna fertilizers
6. Chemicals Ltd
Table of Contents
Companies Mentioned
- National Fertilizers
- Madras Fertilizers
- Seek Biotechnology Co. Ltd
- Coromandel International
- Nagarujuna fertilizers
- Chemicals Ltd
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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