USD 2.67 billion
Report ID: SQSG15C2004 | Region: Global | Published Date: October, 2022 | Pages: 256 | Tables: 146 | Figures: 78
Biofertilizers Market size was valued at USD 2.67 billion in 2021 and is poised to grow from USD 2.99 billion in 2022 to USD 6.52 billion by 2030, growing at a CAGR of 12.3% in the forecast period (2023-2030).
Rising product uptake and demand for biological fertilizers result from increased demand for organic products. Higher product recognition and acceptance among farmers in both developed and developing nations is favorably influencing the market. The increased soil and water contamination caused by the overuse of chemical fertilizers is propelling the development of organic and sustainable fertilizers. Furthermore, agricultural input producers' active participation in ramping up their production of agricultural biologicals, particularly biofertilizers, is expected to drive global biofertilizers market market growth.
The organic food and beverage industry is one of the fastest expanding industries in the world. This growth is fueled by several government incentives offered globally and a growing customer preference for foods cultivated naturally rather than synthetically. Following the discovery of the dangers posed by synthetic fertilizers and crop care chemicals, significant agricultural reforms were implemented throughout the world. While human harm includes loss of food nutrients and long-term health deterioration due to excessive chemical intake, environmental hazards include soil contamination due to the use of synthetic chemicals for an extended period of time, contamination of underground water reserves, soil fertility loss, and more. These elements have caused a consistent preference for bio-based fertilizer solutions throughout the world.
US Biofertilizers Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.67 billion
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The global biofertilizers market is segmented based on product, microorganism, form, application, crop type, and region. Based on the product, the biofertilizers market is segmented as nitrogen fixing, phosphate solubilizing. Based on microorganism, the biofertilizers market is segmented as rhizobium, azotobacter, azospirillum, pseudomonas, bacillus, VAM, and others. Based on form, the biofertilizers market is segmented as liquid and carrier-based. Based on application, the biofertilizers market is segmented as seed treatment and soil treatment. Based on crop type, the biofertilizers market is segmented as cereals, pulses & oilseeds, fruits & vegetables, and others. Based on region the biofertilizers market is categorized into North America, Europe, Asia-Pacific, and MEA.
Rhizobium to be the dominant microorganism in the biofertilizers market owing to their high efficacy in crop production
Rhizobium is the most common type of microbe utilised in agriculture due to its vital role in serving as the primary source of nitrogen in the soil. The capacity of nitrogen-fixing Rhizobium to form an endosymbiotic relationship with the roots of legumes opens the door for its usage as biofertilizers in the production of leguminous crops. In addition to being a superior nitrogen-fixing organism, rhizobium fosters plant growth and aids in the insolubilization of inorganic phosphate. It also helps in boosting agricultural output while reducing the need for expensive, environmentally damaging synthetic fertilisers.
The use of azotobacter is predicted to increase in Agri-dominant economies because of their effectiveness in increasing crop growth rates and seed germination. Azotobacter contributes to the production of growth regulators such as auxins, cytokinins, and gibberellic acid (GA). It also promotes the growth of rhizospheric bacteria, safeguards plants from phytopathogens, enhances nutrient uptake, and finally boosts biological nitrogen fixation. Azotobacter's aerobic nature has broadened the range of crops it can be used to cultivate, including maize, wheat, cotton, mustard, and potato. It is also neutral in alkaline soil.
Pseudomonas is also frequently used in crop management in agriculture because it provides plants with protection against several worm and fungal infections. Moreover, it stimulates hormones that support plant growth and aid in crop output.
The liquid segment is projected to account for the largest biofertilizers market share during the forecast period
In terms of form, the liquid segment dominated the global biofertilizers market. The traditional form of carrier-based biofertilizers is being replaced by liquid biofertilizer technology. In addition to the necessary microorganisms and their nutrients, liquid biofertilizers are specially formulated and include ingredients that can keep the storage conditions stable allowing dormant spores and cysts to have a longer shelf life. The tolerance levels for harsh conditions are higher for liquid fertilisers. Compared to carrier-based biofertilizers, the quality control procedures for liquid biofertilizers are simple and quick. Liquid fertilisers have much higher survival rates when stored for a longer period of time. They are less susceptible to contamination and have better resistance to the local microbial population of the soil.
Seed Treatment to be the most adopted application method due to its various agronomic benefits
In terms of volume, seed treatment application dominated the biofertilizers market driven primarily by the advantages of the seeds' induced nutritional properties. One of the most important applications of biofertilizer worldwide is seed inoculation or seed treatment. Plants grow quickly and healthily owing to the inoculant coating applied to the seeds. The main goal of using biofertilizers during seed treatment is primarily to introduce vital minerals like sulphur, zinc, nitrogen, and phosphorus, which improve the nutritional content of vegetables, fruits, and cereals and grains.
To prevent viral or bacterial infections, crop and plant seeds are treated with biofertilizers, considerably lowering agricultural production. Additionally, the biological fertilisers used on the seeds encourage atmospheric nitrogen fixation and make it easy for the crop to access the nutrients. Seed treatment also increases the availability of phosphorus by solubilizing it in the soil. Along with this, many suppliers have developed cutting-edge methods for more effectively applying these biological fertilisers, including slow-releasing fertiliser spreaders, increased spreading widths, and intelligent speed monitoring systems that improve spreading accuracy.
Another important use of biofertilizers is soil treatment, which is predicted to grow at the highest rate. It entails spraying the bio-based fertilisers directly onto the soil of the agricultural land. By applying biological fertilisers to the soil, symbiotic bacteria can interact with plant root nodules to fix nitrogen and retain moisture. They fix the nitrogen that is already in the soil and in the root nodules when supplied to the soil. They also help remove phosphorus from the soil so that plants can easily ingest it. By breaking down the organic materials that are already present in the soil and improving the soil's characteristics for cultivation, it also considerably improves soil mineralization. This element encourages strong plant development and guards against erosion and deterioration of soil quality.
Cereals segment to be leading the owing to high demand for organic cereals
When compared to other crop kinds, cereal grains are currently produced with a substantial application of organic fertilisers. Throughout the forecasted period, it is predicted that the segment will continue to hold a leading position. The market for organic cereals is expanding as a result of the strong demand for them in both developed and developing economies due to the possible health benefits they may provide. This increases the use of products needed for growing cereal crops. The use of biological fertilisers on cereal crops has been shown to greatly boost their yields by roughly 60% to 85% in several tests and field trials.
Oilseeds and pulses are predicted to experience the fastest growth in the global biofertilizers market in terms of volume, growing at a CAGR of 12.2%. The primary factor for the product's application in the oilseeds and pulses industry is the increasing demand for soybean, sunflower, and groundnuts around the world. The quality of oilseeds was significantly influenced by the inoculation of sulphur and biological fertilisers. Vegetable oils are being consumed and utilised more frequently since they are widely employed in cooking and other edible things, which is boosting the oilseeds market and supporting the need for oilseed production. There also have been numerous microbiological breakthroughs in identifying the appropriate composition of biofertilizers for use in the growing of wheat among other important cereals & grains.
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North America is expected to dominate the global biofertilizers market over the forecast period. Due to the rising number of organic farms in major economies like the United States, Canada, and Mexico, the market in North America is developing significantly. Organic food products are the preferred option for those looking to prepare clean, healthy meals at home.
The European market is anticipated to grow dramatically as a result of the strict restrictions the European Commission has imposed on the use of chemical fertilisers. Innovative organic fertilisers now have a market due to the European Union's fertilising goods regulation accord. All fertilisers traded within the European Union must adhere to stringent criteria regarding quality, safety, and labelling. The new fertiliser rule for the European Union reduces risks to human health and the environment by lowering the parameters for cadmium in phosphate fertilisers from 60 mg/kg to 40 mg/kg after three years and to 20 mg/kg after 12 years. The rule promoted the use of bio-based and organic fertilisers, giving farmers and consumers additional options and encouraging environmental sustainability.
From 2022 to 2028, Asia Pacific region is expected to experience a CAGR of 13.1%. The majority of agrarian economies, including those in India, Thailand, Japan, Malaysia, South Korea, the Philippines, and others, are concentrated in the Asia Pacific region, and they are moving toward more sustainable agricultural practises. This trend is supported by rising consumer demand for organic food, as well as legislative efforts and agricultural reforms made by the governments of various Asian countries. The biofertilizers market is expanding in lockstep with the expansion of organic farming methods. Due to the adoption of sustainable agricultural practises by farming communities in Brazil and Argentina, Latin America will experience the growth rate of 12.9% throughout the projection period.
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Biofertilizers Market Driver
According to the Research Institute of Organic Agriculture, 72.3 million hectares of agricultural land was maintained by organic agriculture globally in 2019. Organic farming is one of the fastest-growing agricultural practises worldwide. Synthetic fertiliser harms microorganisms and contaminates the soil. The use of organic farming is spreading quickly as a means of reducing soil degradation. In contrast to conventional agriculture, which uses agrochemicals, genetically modified organisms, and numerous synthetic chemicals as food additives, organic farming makes the most efficient use of regional resources to increase soil fertility. Farmers are further encouraged to use appropriate bio-based fertilisers to produce organic food by the increased demand for organic food.
The governments of many countries have been pushed to promote bio-fertilizers due to the growing concern over the diminishing soil quality caused by excessive use of chemical fertilisers and their potential negative effects on human health. Various plans, schemes, and other measures are being chosen by governments in a number of Agri-dominant nations to encourage farmers to use bio-based fertilisers. Additionally, numerous governments have passed comprehensive economic recovery plans that feature additional liquidity, tax flexibility, and subsidies for the agricultural and food industries, all of which are expected to have a favourable impact on the increase of the economy's output. Governments also created specialised initiatives relating to agriculture and food at the same time. For instance, the Green Food System Strategy, which was unveiled by Japan's Ministry of Agriculture, Forestry, and Fisheries (MAFF) in August 2021, calls for the widespread use of bio-pesticides and biological fertilisers as a result of technological advancements to cut back on the use of fertilisers and agricultural chemicals.
Biofertilizers Market Challenge
The production cost of biological and organic fertilizers is comparatively higher than conventional fertilizers as specific machinery and equipment are required for their production. For the near future, it is predicted that this factor will hinder market growth. Additionally, the cost of biofertilizers is increased by the fact that they include live microbial cells, which have a limited shelf life (about six months at 20–25°C). These cells require special handling during storage and shipment and require extra care and precaution. Low shelf-life and limited adaptability are thus expected to further impede market expansion during the projection period.
A challenge for the global biofertilizers market is the lack of knowledge among farmers concerning biofertilizers in developing and impoverished nations. Since chemical fertilisers are simple to use, farmers prefer to use them. This is caused due to lack of knowledge and training. Additionally, one of the reasons for the slow adoption of biofertilizers is the fact that traditional fertiliser enterprises have a wide range of product offers and a strong distribution network due to the market's established position for chemical fertilisers. Also, due to the market's extreme geographical fragmentation, consumers are becoming less and less familiar with various brands. Farmers are confused as a result of this ignorance.
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The biofertilizers market is fragmented, with the presence of several international and domestic players. Emerging players in the biofertilizer industry have integrated manufacturing and distribution while focusing on product innovation. The leading corporations have created processes and products to implement the product differentiation strategy. These businesses also collaborate with farmers to create personalized products.
Biofertilizers Market Top Players Company Profiles
Biofertilizers Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our analysis, the biofertilizers market is expanding significantly in the majority of global regions. The main drivers of this market's expansion are the expansion of the organic food sector, the requirement to boost the effectiveness of chemical fertiliser use, and the rise of chemical fertiliser threats including eutrophication and hypoxic water zones. The main limitations limiting the growth of the biofertilizers market globally, however, are the inadequate infrastructure of biofertilizer production facilities as a result of the costly initial investment and the low acceptance rate of biofertilizers as a result of ignorance. Despite the low adoption of biofertilizers, important variables such the rising food demand and per capita income have greatly expanded the market for these fertilisers. Key companies in the biofertilizers market are confronted with a number of difficulties, such as the limited shelf life of biofertilizers, storage constraints, and a high risk of contamination.
|Market size value in 2021||USD 2.67 billion|
|Market size value in 2030||USD 2.99 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Biofertilizers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
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