Global Biofertilizers Market Analysis, 2024-2030

The biofertilizers are fertilizers that contain microorganisms. These alive species aid in the growth of the plant by supplying it with essential nutrients and environment. Some commonly used biofertilizers include rhizobium, azotobacter, and azospirillum.

The biofertilizers are used widely in various sectors. The main sector that incorporated these biofertilizers includes the agricultural sector. These biofertilizers are used in various soil and seed treatments. Root dipping also uses these biofertilizers to protect the plants from harmful chemicals. The biofertilizers degrades aluminum silicate ions that enhance the plant metabolism. The nitrogen fixing method which plays an essential role in the environment also requires these biofertilizers to aid the process.

The global biofertilizers market throws light on the prevailing market conditions by carrying out more than 295 hours of secondary and primary research. The biofertilizers market is however increasing its sphere of influence globally in a rapid fashion. The global biofertilizers market is valued at US $ xxx million dollars and expected to reach a massive US $ xxx million dollars by the end of 2023 growing at an annual growth rate of xx% till 2023.

The major factors that drive the growth of the biofertilizers market include its application in agricultural industry. It is vastly incorporated in the soil treatment industry. It is used for seed treatment as well. These biofertilizers are also used during the pulse, oilseed, cereal and grain farming, and harvesting. Due to its wide utility in the industry, it is in huge demand.

Even though the market for biofertilizers is growing day by day, they also have disadvantages that impede the growth of its market. These biofertilizers are not available everywhere. Many farmers and croppers are not yet aware of these biofertilizers, which makes its inaccessible to them. These biofertilizers could also be little overpriced compared to chemical fertilizers which prevent many from buying the substance. These factors could impede the growth of the market.

The regions that have the biofertilizers market present widely include North America, Europe, the Asia Pacific, South America Middle East, and Africa. The biofertilizers market is expected to grow in the Middle East and Africa followed by other countries by 2023.

The key players in the biofertilizers market include Novozymes A/S, National Fertilizers Limited, Madras Fertilizers, Rizobacter Argentina, Camson Bio Technologies Limited, Nutramax Laboratories, Biomax, and the CBF China Bio Fertilizer. Other major companies that play an essential role in the market include Rashtriya Chemical and Fertilizers Limited, Lallemand Incorporation, Symborg, and Ajay Bio-Tech.

Our Approach

The research process comprises of market segmentation of the global biofertilizers market, identifying the growth determinants of every market segment and conducting market forecasts. Market forecasts are conducted based on the insights given by the market experts from across the global biofertilizers market value chain. Market Krystal hence conducted over 30 interviews for this study and the fine points of the same are mentioned below:

By company type:

Manufacturers (30%), Suppliers (15%), Consumers (25%), Researchers (20%), Independent industry consultant (10%)

By geography:

North America (40%), Asia (35%), Europe (25%)

By designation:

Top level (40%), Operation level (30%), Mid-level (30%)

Contents of the report:

• Insights on the global biofertilizers industry dynamics
• Estimation of the current global biofertilizers market size in terms of value and volume.
• Global biofertilizers market breakup based on microorganisms (Rhizobium, Azotobacter, Azospirillum, Blue-Green Algae, Mycorrhiza, Phosphate Solubilizing Bacteria), crops (legumes, cereals, fruits & vegetables, plantations), and geography (North America, Europe, Asia-Pacific, Middle East, Africa & Latin America).
• Substantiated global biofertilizers market forecast for the next five years
• In depth analysis of the prominent companies working across different nodes of biofertilizers industry value chain.