Quick Summary:
The global biofertilizer market is poised for significant expansion. Biofertilizers, derived from biological waste and teeming with living microorganisms, aid in improving soil fertility thus promoting robust plant growth. Unlike chemical fertilizers that offer direct nutrition to the plant, biofertilizers decompose organic matter and break down complex minerals for easy absorption by plants, enriching the soil with nutrients and preventing the growth of plant-disease-causing pathogens. Their multiple advantages over chemical counterparts have resulted in rapid adoption in the agricultural sector.
Still in its initial penetration stages, the biofertilizer industry presents countless growth opportunities in both developing and emerged markets. The growing awareness of environmental hazards associated with synthetic agrichemicals, primarily soil and food chain pollution, has stimulated the demand for biological products. Additionally, the rise of consumer health consciousness has sparked an adoption of organic foods and agricultural products. Furthermore, the burgeoning trend of regulatory policies favoring biofertilizers by various governments is a major driver in the sales of these products. This comprehensive report provides in-depth analysis and forecasts for every sub-segment of the global biofertilizer market, giving invaluable insights to investors and industry leaders alike.
Biofertilizers are made from biological waste that contains living microorganisms. Unlike chemical fertilizers, which offer direct nutrition to the plant, biofertilizers help in improving the overall soil fertility. The microorganisms present in these fertilizers decompose organic matter and breakdown complex minerals for easy absorption by plants. This process enriches the soil with nutrients, which in turn promotes healthy plant growth. Moreover, biofertilizers do not allow pathogens to grow, which helps in preventing crop diseases. The several advantages offered by biofertilizers over their chemical counterparts have led to their rapid adoption in the agriculture sector.
Although the penetration of biofertilizers is still at a nascent stage, both the developing and emerging markets are expected to provide numerous growth opportunities over the next few years. The understanding of the environmental hazards caused by the use of synthetic agrichemicals, primarily the pollution and contamination of the soil and the food chain, has pushed the demand for biological products. Apart from this, growing health concerns have also urged people to adopt organic foods and other agricultural products. Another major factor driving the sales of biofertilizers is the increasing implementation of favorable regulatory policies by various governments.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global biofertilizer market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, crop, microorganism and mode of application.Breakup by Type:
- Nitrogen-fixing biofertilizers
- Phosphate-fixing biofertilizers
- Others
Breakup by Crop:
- Cereals and grains
- Pulses and oilseeds
- Fruits and vegetables
- Others
Breakup by Microorganism:
- Cyanobacter
- Rhizobium
- Phosphate Solubilizing Bacteria
- Azotobacter
- Others
Breakup by Mode of Application:
- Seed treatment
- Soil treatment
- Others
Regional Insights:
- Asia Pacific
- North America
- Europe
- Others
Competitive Landscape:
The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
- Novozymes A/S
- National Fertilizers Limited
- Madras Fertilizers Limited
- Gujarat State Fertilizers & Chemicals Ltd.
- Rizobacter Argentina S.A.
- T.Stanes & Company Limited
- Camson Bio Technologies Limited
- Rashtriya Chemicals & Fertilizers Ltd.
- Lallemand Inc.
- Nutramax Laboratories, Inc.
Key Questions Answered in This Report
1. What was the size of the global biofertilizer market in 2022?2. What is the expected growth rate of the global biofertilizer market during 2023-2028?
3. What are the key factors driving the global biofertilizer market?
4. What has been the impact of COVID-19 on the global biofertilizer market?
5. What is the breakup of the global biofertilizer market based on the type?
6. What is the breakup of global biofertilizer market based on the crop?
7. What is the breakup of the global biofertilizer market based on the microorganism?
8. What is the breakup of the global biofertilizer market based on the mode of application?
9. What are the key regions in the global biofertilizer market?
10. Who are the key companies/players in the global biofertilizer market?
What is the estimated value of the Global Biofertilizer Market?
What is the growth rate of the Global Biofertilizer Market?
What is the forecasted size of the Global Biofertilizer Market?
Who are the key companies in the Global Biofertilizer Market?
Report Attribute | Details |
---|---|
No. of Pages | 144 |
Published | June 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 2.7 Billion |
Forecasted Market Value ( USD | $ 5.8 Billion |
Compound Annual Growth Rate | 13.6% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |
Table of Contents
Companies Mentioned
- Novozymes A/S
- National Fertilizers Limited
- Madras Fertilizers Limited
- Gujarat State Fertilizers & Chemicals Ltd.
- Rizobacter Argentina S.A.
- T.Stanes & Company Limited
- Camson Bio Technologies Limited
- Rashtriya Chemicals & Fertilizers Ltd.
- Lallem Inc.
- Nutramax Laboratories Inc.
Methodology
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