Global Biofertilizers Market

Global Biofertilizers Market Size, Share, Growth Analysis, By Product(Nitrogen Fixing, Phosphate Solubilizing), By Microorganism(Rhizobium, Azotobacter), By Form(Liquid, Carrier-Based), By Application(Seed Treatment, Soil Treatment), By Crop Type(Cereals, Pulses & Oilseeds) - Industry Forecast 2024-2031


Report ID: SQMIG15C2071 | Region: Global | Published Date: February, 2024
Pages: 256 | Tables: 146 | Figures: 78

Global Biofertilizers Market Insights

Biofertilizers Market size was valued at USD 2.67 billion in 2019 and is poised to grow from USD 2.99 billion in 2023 to USD 6.52 billion by 2031, growing at a CAGR of 12.3% in the forecast period (2024-2031).

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.

Market snapshot - 2024-2031

Global Market Size

USD 2.67 billion

Largest Segment

Cereals

Fastest Growth

Cereals

Growth Rate

12.3% CAGR

Global Biofertilizers Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Biofertilizers Market Size By Crop Type, 2021-2028 ($ Bn)
Global Biofertilizers Market Size By Crop Type, 2021-2028 (%)

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Global Biofertilizers Market Segmental Analysis

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.

Global Biofertilizers Market By Crop Type, 2021 (%), 2023 (%)

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Global Biofertilizers Market Regional Insights

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.

Global Biofertilizers Market By Geography, 2021-2028, 2024-2031
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Global Biofertilizers Market Dynamics

Biofertilizers Market Driver

  • Increasing emphasis on organic agriculture to drive the global biofertilizers market growth

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.

  • Rising governmental support to boost the growth of the global biofertilizers market

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

  • High production cost of biological fertilizers to restrict the biofertilizers market growth

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.

  • Lack of awareness and low adoption rate of biofertilizers

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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Global Biofertilizers Market Competitive Landscape

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

  • Novozymes A/S (Denmark)
  • Vegalab SA (Switzerland)
  • UPL Limited (India)
  • Chr. Hansen Holding A/S (Denmark)
  • Kiwa Bio-Tech (China)
  • Lallemand Inc. (US)
  • Rizobacter Argentina S.A. (Argentina)
  • T. Stanes & Company Limited (India)
  • IPL Biologicals Limited (India)
  • AgriLife (India)
  • Manidharma Biotech Pvt Ltd (India)
  • Biomax Naturals (India)
  • Jaipur Bio Fertilizers (India)
  • Valent Bio Sciences (US)
  • Aumgene Biosciences (India)
  • Agrinos (US)
  • Criyagen (India)
  • LKB Bio Fertilizer (Malaysia)
  • Varsha Bioscience and Technology India Pvt Ltd. (India)
  • Valagro (Italy)

Biofertilizers Market Recent Development

  • In July 2021, Rizobacter, a subsidiary of Bioceres Crop Solutions Corporation and and Marrone Bio publicize the use of Rizonema seed treatment. While Rizonema is for nematodes and soil-dwelling insects and could be used for field crops in Brazil via, an expanded distribution agreement.
  • In June 2021, The Symborg continued to enhance its portfolio of products and launched Qlimax, an advanced soil energizer with prebiotic effects. Besides, its applications double the concentration of microbial flora in the soil inspires its development, and improve its advantageous activity in the agronomic management of soils and crops.
  • In October 2020, Novozymes A/S launched three new biofertilizers that are proven to increase yields and enhance crop performance for pulses including lentils and peas, cereals (small grains), canola and soybeans.

Global Biofertilizers Key Market Trends

  • Due to the increased demand for fertilisers that are consistent with sustainable and organic farming and agricultural methods, the biofertilizers market is expected to continue to rise in the years to come. These fertilisers are an affordable and environmentally benign solution for agricultural production; hence their use is expanding globally. Additional factors influencing the growth of the worldwide biofertilizers market include an increase in nutrient uptake by plants, an improvement in soil fertility, and a minimal danger to human health connected with bio-based fertilisers.
  • Growing incomes, improved farming techniques that raise organic yields, and an increase in conscious customers are all contributing to the explosive growth in demand for organic products. The area used for organic farming has grown as a result of the rising demand for organic food around the world. Improvements in soil fertility were made as a result of factors including the expansion of organic agricultural methods and the widespread use of organic goods like biofertilizers. Due to their organic nature and role in preserving the ecological balance, biofertilizer products have seen an increase in demand as a result.

Global Biofertilizers Market SkyQuest Analysis

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.

Report Metric Details
Market size value in 2023 USD 2.67 billion
Market size value in 2031 USD 6.52 billion
Growth Rate 12.3%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Nitrogen Fixing, Phosphate Solubilizing
  • Microorganism
    • Rhizobium, Azotobacter, Azospirillum, Pseudomonas, Bacillus, VAM, Others
  • Form
    • Liquid, Carrier-Based
  • Application
    • Seed Treatment, Soil Treatment
  • Crop Type
    • Cereals, Pulses & Oilseeds, Fruits & Vegetables, Others
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)
Companies covered
  • Novozymes A/S (Denmark)
  • Vegalab SA (Switzerland)
  • UPL Limited (India)
  • Chr. Hansen Holding A/S (Denmark)
  • Kiwa Bio-Tech (China)
  • Lallemand Inc. (US)
  • Rizobacter Argentina S.A. (Argentina)
  • T. Stanes & Company Limited (India)
  • IPL Biologicals Limited (India)
  • AgriLife (India)
  • Manidharma Biotech Pvt Ltd (India)
  • Biomax Naturals (India)
  • Jaipur Bio Fertilizers (India)
  • Valent Bio Sciences (US)
  • Aumgene Biosciences (India)
  • Agrinos (US)
  • Criyagen (India)
  • LKB Bio Fertilizer (Malaysia)
  • Varsha Bioscience and Technology India Pvt Ltd. (India)
  • Valagro (Italy)
Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Biofertilizers Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Biofertilizers Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

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.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Biofertilizers Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Biofertilizers Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Biofertilizers Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Biofertilizers Market size was valued at USD 2.67 billion in 2019 and is poised to grow from USD 2.99 billion in 2023 to USD 6.52 billion by 2031, growing at a CAGR of 12.3% in the forecast period (2024-2031).

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. 'Novozymes A/S (Denmark)', 'Vegalab SA (Switzerland)', 'UPL Limited (India)', 'Chr. Hansen Holding A/S (Denmark)', 'Kiwa Bio-Tech (China)', 'Lallemand Inc. (US)', 'Rizobacter Argentina S.A. (Argentina)', 'T. Stanes & Company Limited (India)', 'IPL Biologicals Limited (India)', 'AgriLife (India)', 'Manidharma Biotech Pvt Ltd (India)', 'Biomax Naturals (India)', 'Jaipur Bio Fertilizers (India)', 'Valent Bio Sciences (US)', 'Aumgene Biosciences (India)', 'Agrinos (US)', 'Criyagen (India)', 'LKB Bio Fertilizer (Malaysia)', 'Varsha Bioscience and Technology India Pvt Ltd. (India)', 'Valagro (Italy)'

Increasing emphasis on organic agriculture to drive the global biofertilizers market growth

Due to the increased demand for fertilisers that are consistent with sustainable and organic farming and agricultural methods, the biofertilizers market is expected to continue to rise in the years to come. These fertilisers are an affordable and environmentally benign solution for agricultural production; hence their use is expanding globally. Additional factors influencing the growth of the worldwide biofertilizers market include an increase in nutrient uptake by plants, an improvement in soil fertility, and a minimal danger to human health connected with bio-based fertilisers.

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.

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