Biofertilizers Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMAG140 | Last Updated On: Jun 07 2022 | Available Formats

> Global Biofertilizers Market Expected to reach a high CAGR of 11.20% during the forecast period 2022-2029: DataM Intelligence

Global Biofertilizers Market is segmented By Microorganism (Azotobacter, Azospirillum, Cyanobacteria, Mycorrhiza, Phosphate Solubilizing Bacteria, Rhizobium, Others), By Crop Type (Fruits and Vegetables, Oilseeds & Pulses, Cereals & Grains, Others), By Application (Soil Treatment, Seed Treatment), By Type (Potash-Mobilizing, Nitrogen Fixation, Phosphate Solubilizing, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global Biofertilizers Market is expected to grow at a CAGR of 11.20% during the forecasting period 2022-2029.

Drivers and Restraints

  • Growing organic food industry worldwide.
  • Significant growth of the market is due to increased organic farming as the demand for organic food is growing around the world, which is further backed by the increasing per-capita income and improved standard of living.
  • Rise in awareness towards health hazards caused by the use of chemical fertilizers
  • Increasing practice of organic farming
  • Emphasis on sustainable farming and government initiatives to use biofertilizers.
  • However, lack of awareness and low adoption of bio-fertilizers, low product efficacy under unfavorable conditions and high demand for synthetic fertilizers are the major restraining factors to the growth of this market.

Market Outlook

  • Biofertilizers market is segmented by micro-organisms into Azotobacter, Azospirillum, Cyanobacteria, Mycorrhiza, Phosphate Solubilizing Bacteria, Rhizobium, and Others.
  • Further, based on crop type, the market is segmented into Fruits and Vegetables, Oilseeds & Pulses, Cereals & Grains and Others. Segmentation.
  • Based on Application, the global biofertilizers market consists of two segments namely Soil Treatment and Seed Treatment.
  • Based on type into Potash-Mobilizing, Nitrogen Fixation, Phosphate Solubilizing, and Others.
  • The report segments the geographies by region, which include North America, South America, Europe, Asia Pacific, and RoW.
  • Asia is a major exporter of organic products, but the domestic market is growing actively.
  • China is the largest market in this region due to the dynamic development and government support in agricultural farming.
  • Increasing demand for chemical-free products has to lead to the growth of the biofertilizers market.

Scope of the Report

  • This report covers factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
  • It profiles the following companies which combined, have about 80% of the global bio-fertilizers market share: Agri Life, Biomax, Novozymes A/S, National Fertilizers, Rizobacter Argentina SA, CBF China Bio-Fertilizer AG, Lallemand Inc., Krishak Bharti Co, Symborg, and Madras Fertilizers Ltd.

Key takeaways from this report

  • Visualize the composition of the Biofertilizers market across each indication, regarding type and applications, highlighting the critical commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of the market – level 4/5 segmentation
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  • Product mapping in excel for critical products of all major market players

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