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Biofertilizers Market

Biofertilizers Market Forecasts to 2028 – Global Analysis By Crop Type (Cereals, Fruits & Vegetables, Pulses, Plantation Crops), Mode of Application (Soil Treatment, Seed Treatment, Land Treatment), and By Geography

4.5 (26 reviews)
Published: July 2021 ID: SMRC20755
4.5 (26 reviews)
Published: July 2021 ID: SMRC20755

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Biofertilizers Market is accounted for $2.33 billion in 2020 and is expected to reach $6.61 billion by 2028 growing at a CAGR of 13.9% during the forecast period. Factors such as growing organic food industry, increase in awareness pertaining to the need for sustainability, and need for improving soil organic matter are driving the growth of the market. However, high initial investment is hampering the growth of the market.

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Biofertilizers are products containing living microbes, which when applied to seed, plant, and soil, stimulate growth by supplying essential nutrients, such as nitrogen, phosphorous, and other mineral nutrients.

Based on the mode of application, the seed treatment segment is anticipated to expand at a rapid pace during the forecast period as it helps to encapsulate small amounts of functional microorganisms on it, which enables the plant to provide nitrogen for the roots, to uptake the nutrients. By geography, North America is going to have high growth during the forecast period which can be attributed to the increasing acceptance of biofertilizers among rural farmers and high adoption of advanced irrigation systems such as drip & sprinkler irrigation.

Some of the key players profiled in the Biofertilizers Market include Novozymes A/S, Chr. Hansen Holding A/S, National Fertilizers Limited, Kiwa Bio-Tech, Vegalab S.A, Nutramax Laboratories, Inc., Rhizobacter Argentina S.A., Madras Fertilizers Limited, Mapleton Agri Biotech Pt Ltd, Lallemand Inc., Kan Biosys, T.Stanes & Company Limited, International Panaacea Limited, Biomax Naturals, Somphytopharma India Limited, Criyagen, Aumgene Biosciences, and Symborg.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 2.33 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

13.9%

Predicted 2028 Value:

USD 6.61 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

396

Chapters Covered:

Type, Crop Type, Mode of Application, Form, Microorganism and Region

Core Drivers and Opportunities:

  • Growing organic food industry
  • Need for improving soil organic matter
  • Increase in the production of crops

Restraining Factors & Market Threats:

  • High initial investment
  • Stringent regulatory standards


Types Covered:
• Plant Growth Promoting Biofertilizers
• Nitrogen Fixing Biofertilizers
• Potassium Solublizing and Mobilizing Biofertilizers
• Phosphate Solublizing and Mobilizing Biofertilizers
• Compost Biofertilizers
• Other Types

Crop Types Covered:
• Cereals & Grains
• Fruits & Vegetables
• Pulses & Oilseeds
• Plantation Crops
• Legumes
• Cash Crops
• Other Crop Types   

Modes of Application Covered:
• Soil Treatment
• Seed Treatment
• Land Treatment
• Set Treatment
• Other Modes of Application 

Forms Covered:
• Pure and Mixed Liquid Fermentations
• Solid/Dry
• Powder
• Pellet
• Dispersible Granule
• Carrier-Based

Microorganisms Covered:
• Rhizobium
• Azotobacter
• Phosphate Solubilizing Bacteria
• Cyanobacter/Blue-green Algae
• Azospirillum
• Bacillus
• Aulosira
• Pseudomonas
• Azolla
• Vesicular-Arbuscular Mycorrhiza (VAM)
• Other Microorganisms

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Biofertilizers Market is majorly driven by growing organic food industry, increase in awareness pertaining to the need for sustainability, and need for improving soil organic matter.

The seed treatment segment is growing at a highest CAGR as it helps to encapsulate small amounts of functional microorganisms on it.

North America dominated with a significant market share due to the factors such as increasing acceptance of biofertilizers among rural farmers and high adoption of advanced irrigation systems such as drip & sprinkler irrigation.

Asia Pacific market is growing at a highest CAGR owing to the rising government support for the use of biofertilizers in the region.

Key players in Biofertilizers Market include Novozymes A/S, Chr. Hansen Holding A/S, National Fertilizers Limited, Kiwa Bio-Tech, Vegalab S.A, Nutramax Laboratories, Inc., Rhizobacter Argentina S.A., Madras Fertilizers Limited, Mapleton Agri Biotech Pt Ltd, Lallemand Inc., Kan Biosys, T.Stanes & Company Limited, International Panaacea Limited, Biomax Naturals, Somphytopharma India Limited, Criyagen, Aumgene Biosciences, and Symborg.

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