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Global Bio-fertilizers Market 2019-2023

Global Bio-fertilizers Market 2019-2023

About this market

The increasing world population puts considerable pressure on land and various other natural resources. The accelerated rate of crop production leads to rapid loss of plant nutrients, thereby impacting nutrient content in crops. Thus, most farmers resort to the use of various chemical and inorganic fertilizers to help replenish this loss of nutrients. However, excessive use of chemical fertilizers has been found to decelerate the biological activities in the soil, leading to impaired soil quality. As a result, farmers are gradually moving toward a more sustainable farming option, that is, organic farming. The organic farming industry is growing with the increasing awareness about health hazards associated with the use of chemicals in food products. Government initiatives also support organic farming. Such initiatives will encourage farmers to adopt practices involved in organic farming such as using bio-fertilizers. Technavio’s analysts have predicted that the bio-fertilizers market will register a CAGR of almost 14% by 2023.

Market Overview

Increasing popularity of integrated plant nutrient management

There has been a constant focus on enhancing the economic, social, and environmental sustainability in the agricultural sector, which promotes the use of non-chemical fertilizers such bio-fertilizers. The growing adoption of IPNM programs at farm level includes the use of farmyard manures, natural and mineral fertilizers and various other agronomic, vegetative and structural measures designed to conserve both water and soil.

Decreasing availability of arable land

Factors such as rising industrialization, urbanization, energy demand, and population growth lead to the decline of arable land. Arable lands are also wasted due to inappropriate agricultural practices, which lead to loss of production yield. The declining levels of arable land reduce the scope of cultivation, subsequently hindering the growth of the global bio-fertilizers market.

For the detailed list of factors that will drive and challenge the growth of the bio-fertilizers market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fairly concentrated and with the presence of limited vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Bio-fertilizers Market 2019-2023

Technavio recognizes the following companies as the key players in the global bio-fertilizers market: Kiwa Bio-Tech Products Group Corporation, Lallemand Inc., Novozymes, Rashtriya Chemicals and Fertilizers Limited, Symborg.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the global initiatives to improve agricultural output.”

According to the report, one of the major drivers for this market is the regulations for food safety and environmental pollution.

Further, the report states that one of the major factors hindering the growth of this market is availability of substitutes for bio- fertilizers and usability and maintenance challenge may hinder the growth of the market.

Companies Mentioned

Kiwa Bio-Tech Products Group Corporation

Lallemand Inc.

Novozymes

Rashtriya Chemicals and Fertilizers Limited

Symborg

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global agribusiness market
      • Table Segments of global agribusiness market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Nitrogen-fixing bio-fertilizers - Market size and forecast 2018-2023
      • Table Nitrogen-fixing bio-fertilizers - Market size and forecast 2018-2023 ($ millions)
      • Table Nitrogen-fixing bio-fertilizers - Year-over-year growth 2019-2023 (%)
    • Phosphate-solubilizing bio-fertilizers - Market size and forecast 2018-2023
      • Table Phosphate-solubilizing bio-fertilizers - Market size and forecast 2018-2023 ($ millions)
      • Table Phosphate-solubilizing bio-fertilizers - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Global initiatives to improve agricultural output
    • Strategic alliances among vendors
    • Advent of liquid fertilizers
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Kiwa Bio-Tech Products Group Corporation
      • Table Kiwa Bio-Tech Products Group Corporation - Vendor overview
      • Table Kiwa Bio-Tech Products Group Corporation - Product segments
      • Table Kiwa Bio-Tech Products Group Corporation - Organizational developments
      • Table Kiwa Bio-Tech Products Group Corporation - Key offerings
    • Lallemand Inc.
      • Table Lallemand Inc. - Vendor overview
      • Table Lallemand Inc. - Business segments
      • Table Lallemand Inc. - Organizational developments
      • Table Lallemand Inc. - Key offerings
    • Novozymes
      • Table Novozymes - Vendor overview
      • Table Novozymes - Business segments
      • Table Novozymes - Organizational developments
      • Table Novozymes - Geographic focus
      • Table Novozymes - Segment focus
      • Table Novozymes - Key offerings
    • Rashtriya Chemicals and Fertilizers Limited
      • Table Rashtriya Chemicals and Fertilizers Limited - Vendor overview
      • Table Rashtriya Chemicals and Fertilizers Limited - Business segments
      • Table Rashtriya Chemicals and Fertilizers Limited - Segment focus
      • Table Rashtriya Chemicals and Fertilizers Limited - Key offerings
    • Symborg
      • Table Symborg - Vendor overview
      • Table Symborg - Business segments
      • Table Symborg - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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