According to the report, the global biofertilisers market is projected to grow at a CAGR of 12.7% between 2024 and 2032 reaching a value of approximate USD 8.35 billion by 2032. Aided by the escalating shift towards sustainable agriculture and the intensified emphasis on soil health, the market is expected to grow significantly by 2032.
Biofertilisers, living microbial formulations, play a pivotal role in promoting plant growth by enhancing the nutrient availability in the soil. They are crucial components in organic farming, assisting in soil fertility, and offering an environmentally friendly alternative to chemical fertilisers. Prominent biofertilisers include Rhizobium, Azospirillum, and Phosphate Solubilising Bacteria, each contributing to the soil's nitrogen or phosphorus content.
The surging demand for organic food products, underlined by increasing consumer awareness about health and environment, is a significant driver propelling the biofertilisers market growth. As the detrimental effects of synthetic fertilisers on both soil health and human health become more apparent, there is a marked shift towards organic and sustainable farming practices, where biofertilisers play an indispensable role.
Additionally, the global emphasis on sustainable agricultural practices has been accentuated by the pressing challenge of soil degradation. Biofertilisers, with their ability to restore soil health and enhance its nutrient content, have become the focal point in strategies aimed at combatting soil erosion and degradation. Their role in nitrogen fixation and phosphorus solubilisation aids in reducing the excessive use of chemical fertilisers, thereby mitigating the adverse environmental impacts.
The diverse applications of biofertilisers extend beyond just agricultural fields. They find prominence in horticulture, aiding the growth of ornamental plants and trees. In forestry, they assist in the natural regeneration of forests and in the establishment of green cover in degraded lands.
The pharmaceutical industry is also taking keen interest in biofertilisers, researching their potential health benefits. Certain strains of beneficial bacteria found in biofertilisers are being explored for their probiotic attributes, potentially opening new avenues for biofertilisers market development.
Furthermore, the challenge of feeding a burgeoning global population underscores the necessity for high-yield crops. Biofertilisers, by ensuring a nutrient-rich soil ecosystem, play a crucial role in enhancing crop yield and quality, making them essential in the global strategy for food security.
The recent surge in technological advancements in the agriculture sector has further impacted the biofertilisers market outlook. Precision farming, bolstered by IoT and AI, is optimising the use of biofertilisers, ensuring they are utilised efficiently and effectively. Research in microbial genetics is leading to the development of customised biofertilisers tailored for specific soil types and crops, promising a revolution in the sector.
Biofertilisers, living microbial formulations, play a pivotal role in promoting plant growth by enhancing the nutrient availability in the soil. They are crucial components in organic farming, assisting in soil fertility, and offering an environmentally friendly alternative to chemical fertilisers. Prominent biofertilisers include Rhizobium, Azospirillum, and Phosphate Solubilising Bacteria, each contributing to the soil's nitrogen or phosphorus content.
The surging demand for organic food products, underlined by increasing consumer awareness about health and environment, is a significant driver propelling the biofertilisers market growth. As the detrimental effects of synthetic fertilisers on both soil health and human health become more apparent, there is a marked shift towards organic and sustainable farming practices, where biofertilisers play an indispensable role.
Additionally, the global emphasis on sustainable agricultural practices has been accentuated by the pressing challenge of soil degradation. Biofertilisers, with their ability to restore soil health and enhance its nutrient content, have become the focal point in strategies aimed at combatting soil erosion and degradation. Their role in nitrogen fixation and phosphorus solubilisation aids in reducing the excessive use of chemical fertilisers, thereby mitigating the adverse environmental impacts.
The diverse applications of biofertilisers extend beyond just agricultural fields. They find prominence in horticulture, aiding the growth of ornamental plants and trees. In forestry, they assist in the natural regeneration of forests and in the establishment of green cover in degraded lands.
The pharmaceutical industry is also taking keen interest in biofertilisers, researching their potential health benefits. Certain strains of beneficial bacteria found in biofertilisers are being explored for their probiotic attributes, potentially opening new avenues for biofertilisers market development.
Furthermore, the challenge of feeding a burgeoning global population underscores the necessity for high-yield crops. Biofertilisers, by ensuring a nutrient-rich soil ecosystem, play a crucial role in enhancing crop yield and quality, making them essential in the global strategy for food security.
The recent surge in technological advancements in the agriculture sector has further impacted the biofertilisers market outlook. Precision farming, bolstered by IoT and AI, is optimising the use of biofertilisers, ensuring they are utilised efficiently and effectively. Research in microbial genetics is leading to the development of customised biofertilisers tailored for specific soil types and crops, promising a revolution in the sector.
Market Segmentation
The market can be divided based on type, crop, microorganism, mode of application, and region.Market Breakup by Type
- Nitrogen-Fixing Biofertilisers
- Phosphate-Fixing Biofertilisers
- Others
Market Breakup by Crop
- Cereals and Grains
- Pulses and Oilseeds
- Fruits and Vegetables
- Others
Market Breakup by Microorganism
- Cyanobacter
- Rhizobium
- Phosphate Solubilising Bacteria
- Azotobacter
- Others
Market Breakup by Mode of Application
- Seed Treatment
- Soil Treatment
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global biofertilisers market. Some of the major players explored in the report are as follows:- Novozymes A/S
- National Fertilizers Limited
- Rizobacter Argentina S.A.
- Gujarat State Fertilizers & Chemicals Ltd.
- Lallemand Inc.
- Madras Fertilizers Limited
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Industry Opportunities and Challenges11 Value Chain Analysis16 Industry Events and Developments
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Biofertilisers Market Analysis
9 Regional Analysis
10 Market Dynamics
12 Price Analysis
13 Manufacturing Process
15 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- Novozymes A/S
- National Fertilizers Limited
- Rizobacter Argentina S.A.
- Gujarat State Fertilizers & Chemicals Ltd.
- Lallemand Inc.
- Madras Fertilizers Limited
Methodology
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