Published: 2019 April 09

Biofertilizers Market Size, Competitive Landscape and Market Forecast - 2029

SKU : AG140
180 pages
Report Summary
Table of Contents

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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