Global Soil Treatment Biofertilizers Market, By Type (Nitrogen Fixing, Phosphate Solubilizing, Others), Form (Liquid, Carrier-based Biofertilizers), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, 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 2028.
Market Analysis and Insights: Global Soil Treatment Biofertilizers Market
The soil treatment biofertilizers market is expected to witness market growth at a rate of 4.90% in the forecast period of 2021 to 2028 and is expected to reach USD 4.54 billion by 2028. Data Bridge Market Research report on soil treatment biofertilizers market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the environmental concerns globally is escalating the growth of soil treatment biofertilizers market.
Biofertilizers refer to the type of substances consisting of living microbes and when utilized on seed, plant, and soil, they tend to stimulate growth by supplying essential nutrients including N, P, and other mineral nutrients. Biofertilizers could also be defined as the inoculants that provide nutrients to plants.
The expansion of organic sector across the globe acts as one of the major factors driving the growth of soil treatment biofertilizers market. The increase in the use of microbes in biofertilizers for sustainable farming methods and food safety and initiatives taken by government agencies to raise awareness regarding the need for sustainability in modern agriculture accelerate the market growth. The rise in adoption of technological reforms by economic regions to sustain in the ecosystem and surge in intervention of digital farming and precision farming practices further influence the market. Additionally, intervention of digital farming and precision farming practices, rise in usage of biofertilizers in ranches and private farms and growth in awareness regarding hazards of using chemical fertilizers positively affect the soil treatment biofertilizers market. Furthermore, emerging economies and innovations in terms of product development in bio-based fertilizer extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, environmental and technological constraints and poor infrastructure and high initial investment are expected to obstruct the market growth. Lack of awareness and low adoption rate of biofertilizers, and availability of counterfeit and less-effective products are projected to challenge the soil treatment biofertilizers market in the forecast period of 2021-2028.
This soil treatment 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 localized 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 soil treatment 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.
Soil Treatment Biofertilizers Market Scope and Market Size
The soil treatment biofertilizers market is segmented on the basis of type, form and crop type. The growth among segments helps you analyze 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 type, the soil treatment biofertilizers market is segmented into nitrogen fixing, phosphate solubilizing and others.
- On the basis of form, the soil treatment biofertilizers market is segmented into liquid, and carrier-based biofertilizers.
- On the basis of crop type, the soil treatment biofertilizers market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, and others.
Global Soil Treatment Biofertilizers Market Country Level Analysis
The soil treatment biofertilizers market is analyzed and market size, volume information is provided by country, type, form and crop type as referenced above.
The countries covered in the global soil treatment biofertilizers market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the soil treatment biofertilizers market because of the government interventions in farming practices and presence of stringent regulations within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 due to the rise in consumer preference towards consuming organic food, and regulatory initiatives and agricultural reforms undertaken by various governments in the region.
The country section of the soil treatment 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 Soil Treatment Biofertilizers Market Share Analysis
The soil treatment 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 soil treatment biofertilizers market.
The major players covered in the soil treatment biofertilizers market report are Novozymes, GSFC Ltd, Bienvenido., Rashtriya Chemicals & Fertilizers Limited, T.STANES & 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 Pt Ltd., ASB Grünland Helmut Aurenz GmbH, Ficosterra, SL., Agrinos, Australian Bio Fert Pty Ltd., and BioAg Pty Ltd, among other domestic and global players. 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.