Funviralpark Instead of chemical fertilizers, biofertilizers are a sustainable fertilizer source. It is often used for seed treatment and soil application. This industry is expanding rapidly due to the increasing global demand for organic food. Biofertilizers have a high market value because they extend the shelf life of food and increase its reliability and stability.
According to this analysis, the global biofertilizer market is expected to register a positive CAGR of ~14% during the forecast period (2022-2028) and is expected to reach approximately USD 5 billion by 2028. I’m here.
The market is expected to be driven by factors such as growing demand for pesticide-free foods and increasing prices of chemical fertilizers.
Demand for pesticide-free food is likely to increase, and synthetic fertilizer costs are projected to rise in the coming years. Moreover, concerns about declining soil quality brought about by excessive fertilizer use and their negative impact on human health are expected to drive the market up in the coming years.
In addition, increasing consumer spending on organic food and improvements in soil texture and quality brought about by biofertilizers are expected to drive the market in the coming years. Market limitations can be caused by issues such as the high cost of fertilizer production and the lack of proper training for organic farming.
High production costs and short shelf life constrain the market
Compared to conventional fertilizers, the production costs of biofertilizers and organic fertilizers are significantly higher. Their manufacture requires machines and equipment. Live, limited-shelf-life microorganisms are the building blocks of biofertilizers. Therefore, low versatility and shelf life are additional factors expected to hinder market expansion during the forecast period.
Reporting scope
The biofertilizer market is segmented by type, microbe, and application. In addition, the report also covers the market size and forecast for the biofertilizer market in four major regions. The revenue used for market size and forecast for each segment is US$ billion.
By type
-
Phosphate solubilizer
-
Nitrogen fixation
-
others
by microorganisms
-
Azotobacter
-
Rhizobium
-
Cyanobacteria
-
VAM
-
Azospirillum
-
others
by application
-
soil treatment
-
seed treatment
-
others
by geography
-
North America (USA, Canada, Mexico)
-
Europe (Germany, UK, France, Spain, Italy)
-
Asia Pacific (China, Japan, Korea, India, Indonesia, Australia)
-
LAMEA (Latin America, Middle East, Africa)
main player
-
Novozymes A/S
-
Madras Fertilizers Limited
-
Rhizobacter Argentina SA
-
Kamson Bio Technologies Limited
-
Larmand company
-
Kunitachi Fertilizer Co., Ltd.
-
Gujarat State Fertilizers & Chemicals Ltd
-
T. Stanes & Company Limited
-
Rashtriya Chemicals & Fertilizers Ltd
-
Nutramax Laboratories, Inc.
Key trends by market segment
By Type: Nitrogen-fixing segment held the largest market share in the global biofertilizer market in 2021
High-demand crops such as wheat, rice and oilseeds are produced using biofertilizers that solubilize phosphate and fix nitrogen. Nitrogen-containing biofertilizers help balance the nitrogen content of the soil and aid crop growth. The three main types of nitrogen biofertilizers are free-living, symbiotic, and combined symbiotic.
By Microorganism: The rhizobia segment accounted for the largest share of the global biofertilizer market in 2021.
Rhizobia are the most common type of microorganisms utilized in agriculture, as they play an important role as the major source of nitrogen in soil. In addition to being excellent nitrogen-fixing organisms, rhizobia promote plant growth and help solubilize inorganic phosphate. Its use is also expanding, largely because of its ability to increase agricultural production while reducing the need for expensive and environmentally harmful synthetic fertilizers.
By Application: The seed treatment application segment accounted for the largest share of the global biofertilizer market in 2021.
It maintains the largest market share due to the widespread use of seed treatment applications for providing biofertilizers. Crops and plant seeds are treated with biofertilizers to prevent viral and bacterial infections, which greatly reduces agricultural production.
In addition, biofertilizers used in seeds promote atmospheric nitrogen fixation, making nutrients more accessible to crops. enhance sexuality. In addition to this, many suppliers have developed state-of-the-art methods to apply these biofertilizers more effectively. This includes a slow-release fertilizer spreader, a wider spread width and an intelligent speed monitoring system that improves spread accuracy.
By region: North America accounted for the largest market share of the global biofertilizer market in 2021
North America held the largest share of the global biofertilizer market, owing to both increased use of biofertilizer and increased demand for organic products by farmers during the expected period. The market for biofertilizers in the region is expanding as a result of farmers in several North American countries increasingly using modern irrigation techniques such as drip and sprinkler irrigation for fertigation. .
The industry has grown rapidly due to the combination of stringent regulations and growing demand for biofertilizer products. Moreover, during the forecast period, the biofertilizer market in the North American region is expected to be significantly impacted by growing concerns about overuse of chemical fertilizers and nitrate emissions.
Main topics covered in the report
-
A snapshot of the global biofertilizer market
-
Industry value chain and ecosystem analysis
-
Market size and segmentation of the global biofertilizer market
-
Overall Global Biofertilizer Market and Segment Historical Growth
-
Market Competitive Scenario and Major Developments of Competitors
-
Porter’s Five Forces Analysis of the Global Biofertilizer Market
-
Overview of key competitors, product offerings and SWOT analysis
-
Impact of COVID-19 on the entire global biofertilizer market
-
Global biofertilizer market overall and future market forecast and growth rate by segment
-
Market Size of Type/Microbial Segment by Historical CAGR and Future Forecast
-
Analysis of biofertilizer market in key regions
-
Major production/consumption bases in major regions
-
Historical and future market growth rates by major countries for the overall market and segments
-
Overview of noteworthy emerging competitors in major countries
Key players mentioned in the report
-
Novozymes A/S
-
Madras Fertilizers Limited
-
Rhizobacter Argentina SA
-
Kamson Bio Technologies Limited
-
Larmand company
-
Kunitachi Fertilizer Co., Ltd.
-
Gujarat State Fertilizers & Chemicals Ltd
-
T. Stanes & Company Limited
-
Rashtriya Chemicals & Fertilizers Ltd
-
Nutramax Laboratories, Inc.
-
pivot bio
-
Zydex biofertilizer technology
-
Agroliquid
-
K+S Minerals and Agriculture GmbH
-
Agrana
Primary Audience – Organizations and organizations that can benefit from subscribing to this report
-
biofertilizer manufacturer
-
ecological engineering company
-
agricultural engineer
-
Agricultural Chemist and Biological Scientist
-
food scientist
-
farmer
-
chemical biologist
-
agricultural biologist
-
Fertilizer Industry Association
-
Fertilizer Raw Material Supplier
-
Fertilizer sales company
-
Agrochemical sales company
-
Government Ministries and Departments of Agriculture
-
pesticide regulator
For more information on this report, please visit https://www.researchandmarkets.com/r/ecajaa.
