Global Biofertilizers Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026

Expert Market Research’s new report titled “Global Biofertilizers market size, Report and Forecast 2021-2026′, gives an in-depth analysis of the global biofertilizers market, assessing the market based on its segments such as type, crop, microorganisms, application and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2016-2026)

• Historical market size (2020): 2.37 billion USD
• Forecast CAGR (2021-2026): 12.8%
• Forecast market size (2026): 4.33 billion USD

Asia-Pacific is the market leader in biofertilizers with a growing share of the global market. Due to the large population and agricultural activities and the growing popularity of organic farming, the Asia-Pacific region is proving to be a key driver of demand for biofertilizers. It helps enrich the soil with essential nutrients that promote healthy plant growth. Additionally, governments in different countries encourage the use of sustainable agricultural practices through their policies. For example, the Government of India is promoting the use of biofertilizers in agriculture through its National Mission for Sustainable Development (NMSA) and other rural agricultural programs by providing all forms of support to farmers and raising awareness among farmers to the benefits of using biopesticides.

Industry definition and major segments

Biofertilizers are the substance that contains microbes, which helps promote the growth of plants and trees by increasing the supply of essential nutrients to plants and improving the overall fertility of the soil. It includes live microorganisms that break down organic matter and break down complex minerals for rapid uptake by plants.

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Type-based biofertilizers include:

• Nitrogen-fixing biofertilizers
• Phosphate-fixing biofertilizers
• Others

Based on Culture, the market is segmented into:

• Cereals and grains
• Pulses and oilseeds
• Fruits and vegetables
• Others

The different microorganisms on the market are:

• Cyanobacteria
• Rhizobia
• Phosphate-solubilizing bacteria
• Azotobacteria
• Others

The market is split as follows, based on application:

• Seed treatment
• Soil treatment
• Others

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Based on regional markets, the industry is divided into:

1 North America
1.1 United States of America
1.2 Canada
2Europe
2.1 Germany
2.2 United Kingdom
2.3France
2.4 Italy
2.5 Others
3 Asia-Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East and Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

Market trends

Safeguarding the environment and commitment to a sustainable future is driving the biofertilizer market. Harmful environmental concerns such as soil degradation and emissions from chemical fertilizers are pushing to switch to biofertilizers. Seed treatment is the major application segment as it helps protect seeds against pathogens and insects and improves overall seedling establishment and early plant growth. This is more cost-effective and user-friendly compared to other modes. In addition to this, consumers are also changing their preferences and demanding organic fruits and vegetables. This change is due to the increase in health consciousness among them, which further strengthens the biofertilizer market globally.

Main market players

Major market players include Novozymes A/S, National Fertilizers Limited, Rizobacter Argentina SA, Gujarat State Fertilizers & Chemicals Ltd., Lallemand Inc., Madras Fertilizers Limited, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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