Global Biofertilizers Market, By Microorganism (Rhizobium, Azotobacter, Azospirillum, Blue-Green Algae, Phosphate Solubilizing Bacteria, Mycorrhiza, Other Microorganisms), Technology Type (Carrier Enriched Biofertilizers, Liquid Biofertilizers, Other Technology Types), Application (Soil Treatment, Seed Treatment, Others), Type (Nitrogen-Fixing Biofertilizers, Phosphate Solubilizing and Mobilizing Biofertilizers, Potash Solubilizing and Mobilizing Biofertilizers, Others), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Other Crops), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Biofertilizers Market
Data Bridge Market Research analyses that the biofertilizers market is expected to grow at a CAGR of 12.74% in the forecast period of 2022 to 2029. Increasing growth of organic food industry will act as a factor for the biofertilizers market in the forecast period of 2022 to 2029.
A biofertilizer is a substance which contains living micro-organisms which, when applied to seeds, plant surfaces, or soil, colonize the rhizosphere or the interior of the plant and promotes growth by increasing the supply or availability of primary nutrients to the host plant.
The growing range of initiatives taken by government to unfold awareness among the individuals concerning the advantages of using biofertilizers, increasing industrial effects of chemical fertilizers, rising usages of ranches and personal farms are a number of the factors that may reinforce the expansion of the biofertilizers market within the forecast period. On the opposite hand, rising applications from developing economies which can more boost numerous opportunities that may result in the expansion of the biofertilizers market within the mentioned forecast of 2022 to 2029.
Rising technological and environmental problems together with lack of infrastructure and want of high capital investment which can hamper the expansion of the biofertilizers market within the mentioned forecast period.
This biofertilizers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on biofertilizers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Biofertilizers Market Scope and Market Size
Biofertilizers market is segmented on the basis of microorganism, technology type, application, type, and crop type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of microorganism, the biofertilizers market is segmented into rhizobium, azotobacter, azospirillum, blue-green algae, and phosphate solubilizing bacteria, mycorrhiza, and other microorganisms.
- On the basis of technology type, the biofertilizers market is segmented into carrier enriched biofertilizers, liquid biofertilizers, and other technology types.
- On the basis of application, the biofertilizers market is segmented into soil treatment, seed treatment, and others.
- The biofertilizers market is also segmented on the basis of type. The type is segmented into nitrogen-fixing biofertilizers, phosphate solubilizing and mobilizing biofertilizers, potash solubilizing and mobilizing biofertilizers, and others.
- On the basis of crop type, the biofertilizers market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, and other crops.
Biofertilizers Market Country Level Analysis
The global biofertilizers market is analyses and market size, volume information is provided by country by microorganism, technology type, application, type, and crop type as referenced above.
The countries covered in the biofertilizers market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the biofertilizers market due to the increasing consumption of organic food along with rising awareness regarding the hazardous effects of chemical fertilizers. Asia-Pacific will expect to grow in the forecast period of 2022 to 2029 because of prevalence of various manufacturers in the region.
The country section of the biofertilizers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Biofertilizers Market Share Analysis
The biofertilizers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to biofertilizers market.
The major players operating in the biofertilizers market report Novozymes, GSFC Ltd, Bienvenido., Rashtriya Chemicals and Fertilizers Limited, T.STANES and COMPANY LIMITED, National Fertilizers Limited, MADRAS FERTILIZERS LIMITED, International Panaacea Limited, LALLEMAND Inc., Kan biosys, Kiwa Bio-Tech, Symborg., Som Phytopharma India Ltd., Mapleton Agri Biotec Pty Ltd., ASB Grünland Helmut Aurenz GmbH, Ficosterra, SL., Agrinos, Australian Bio Fert Pty Ltd., BioAg Pty Ltd, among others. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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