Leading Biofertilizers Country Markets Databank
The Biofertilizers market was valued at $1,059.6 Million in 2020, and is projected to reach $2,774.3 Million by 2029 growing at a CAGR of 11.35% from 2021 to 2029. North America is expected to be the highest contributor to this market, with $309.4 Million in 2020, and is anticipated to reach $700.9 Million by 2029, registering a CAGR of 9.55%. Asia-Pacific is anticipated to reach $762.5 Million by 2029 with the highest CAGR of 13.14%. North America and Asia-Pacific collectively expected to account for about 53.0% share of the Biofertilizers market in 2020, with the former constituting around 29.2% share. Asia-Pacific and Europe are expected to witness significant growth rates at a CAGR of 13.14% and 10.35% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 45.9% in the overall Biofertilizers market in 2020, and is anticipated to reach 47.9% by 2029.
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