Biofertilizers Market by Product Type (Nitrogen, Phosphorus), by Microorganism (Azotobacter, Rhizobium), By Crop Type (Fruits, Cereals), by Application (Soil & Seed Treatment), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast 2019 to 2027

Biofertilizers Market Size, Share, Trends, Growth, Analysis, Research

BIOFERTILIZERS MARKET: SUMMARY

The Global Biofertilizers Market is projected to reach a value of over USD 4.4 billion by 2027 at a CAGR of around 9.7%.

Biological active products containing certain strains of bacteria, algae or fungi, as a composite or single are known as biofertilizers. Biofertilizers add nutrients through natural processes of solubilizing phosphorous, fixing atmospheric nitrogen, and stimulating plant growth through the synthesis of growth-promoting substance. Natural products laying around the farms can be turned into biofertilizers which helps to make healthy and abundant crops. They can easily be obtained from organic materials such as soil, rice husks, vegetables, and bamboos which are even found in remote areas. Use of these fertilizers helps to eliminate harmful side effects of chemical fertilizers.    

Biofertilizers Market

BIOFERTILIZERS MARKET: DRIVERS & CHALLENGES

Market Driver:

  • Rising Demand for Organic Food

Rising awareness regarding the advantages of organic food and beverages has expected to fuel the demand for biofertilizers during the forecasted period. According to the United States Department of Agriculture (USDA), total organic sales in the U.S. was USD 7.5 million in 2016. This has been attributed to improvement in the standard of living, increasing income, and increases diseases prevalence. Moreover, the distribution of organic foods is increasing in supermarkets, discounters, drugstores, pharmacies, and the catering & foodservice sector. Large chained outlets are also sourcing organic products.

  • Government Initiatives for Organic Agriculture

Rising demand for organic goods in both local and export markets has prompted governments to pursue a range of initiatives to increase organic agriculture through the number of organic support programs. For instance, in 2018 and 2019 the Denmark Government spent USD 161.3 million to support organic farming as they are one of the world’s largest consumers of organic products. Additionally, the Thailand government has launched a program to promote organic agriculture by encouraging a reduction in the amount of new rice planting and shift from commercial varieties to organic. Moreover, the Indian government has introduced Paramparagat Krishi Vikash Yojana in 2018 to promote organic farming.

Thus, rising government initiatives for promoting organic farming by various countries have anticipated boosting the growth of the biofertilizers market.

Market Restraint:

  • Require Special Care for Long-Term Storage

Biofertilizers should be used before their expiration date and should be taken care while storage because they are alive. If growers use the wrong strain or if the other microorganism contaminates the carrier medium they are not much effective. The soil must contain adequate nutrients for biofertilizer organisms to thrive and work. Biofertilizers complement other fertilizers, but they cannot totally replace them. Biofertilizers lose their effectiveness if the soil is too hot or dry. Excessively acidic or alkaline soils also hamper the growth of beneficial microorganisms. Moreover, they are less effective if the soil contains an excess of their natural microbiological enemies. Shortages of particular strains of microorganisms or of the best growing medium reduce the availability of some biofertilizers.

BIOFERTILIZERS MARKET: KEY SEGMENTS

  • On basis of type:  Nitrogen Biofertilizers, Phosphorus Biofertilizers, Compost Biofertilizers, and Others
  • On basis of microorganism:  Azotobacter, Rhizobium, Blue-green Algae, Azospirillum, Mycorrhiza, Phosphate Solubilizing Bacteria, and Others
  • Based on crop type: Fruits & Vegetables, Nuts & Seeds, Cereals & Grains, and Others
  • Based on application: Soil Treatment, Root Dipping and Seed Treatment  
  • Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America with individual country-level analysis.

BIOFERTILIZERS MARKET: REPORT SCOPE

The report on the biofertilizers market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018-2027

Base Year for Market Calculation

2019

Forecasted Period

2020-2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Product Type, Microorganism, Crop Type, Application, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

KEY COMPANIES COVERED

  • Novozymes (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • LALLEMAND Inc.
  • Kiwa Bio-Tech Products Group Corporation
  • Agrinos
  • Symborg
  • Rizobacter Argentina SA
  • Agrilife
  • BioAg Pty Ltd
  • ASB Grünland Helmut Aurenz GmbH
  • Ficosterra, SL
  • Kan biosys
  • GSFC Ltd
  • Som Phytopharma India Ltd
  • CRIYAGEN
  • T.STANES & COMPANY LIMITED
  • Other Key Companies

Biofertilizers MARKET: REPORT SEGMENTATION

For the scope of the report, In-depth segmentation is offered by Forencis Research

Biofertilizers Market, by Product Type   

  • Nitrogen Biofertilizers
  • Phosphorus Biofertilizers
  • Compost Biofertilizers
  • Others

Biofertilizers Market, by Microorganism

  • Azotobacter
  • Rhizobium
  • Blue-green Algae
  • Azospirillum
  • Mycorrhiza
  • Phosphate Solubilizing Bacteria
  • Others

Biofertilizers Market, by Crop Type

  • Fruits & Vegetables
  • Oilseeds & Pulses
  • Cereals & Grains
  • Others

Biofertilizers Market, by Application

  • Soil Treatment
  • Seed Treatment
  • Root Dipping

Biofertilizers Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Thailand
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Denmark
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

KEY QUESTIONS ANSWERED BY THE REPORT

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

REPORT AUDIENCE

  • Biofertilizers Market Providers
  • Biofertilizers Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Biofertilizers Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE Biofertilizers MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Rising Demand for Organic Food
      2. Government Initiatives for Organic Agriculture
    3. Opportunities
      1. Awareness in Emerging Economies
    4. Restraint
      1. Require Special Care for Long-Term Storage
    5. Challenges
      1. Supply of Counterfeit and Less-Effective Products
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL BIOFERTILIZERS MARKET BY PRODUCT TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Nitrogen Biofertilizers
    3. Phosphorus Biofertilizers
    4. Compost Biofertilizers
    5. Others
  7. GLOBAL BIOFERTILIZERS MARKET BY MICROORGANISM, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Azotobacter
    3. Rhizobium
    4. Blue-green Algae
    5. Azospirillum
    6. Mycorrhiza
    7. Phosphate Solubilizing Bacteria
    8. Others
  8. GLOBAL BIOFERTILIZERS MARKET BY CROP TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Fruits & Vegetables
    3. Oilseeds & Pulses
    4. Cereals & Grains
    5. Others
  9. GLOBAL BIOFERTILIZERS MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Soil Treatment
    3. Seed Treatment
    4. Seedling root dip
  10. GLOBAL BIOFERTILIZERS MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Thailand
      6. Rest of Asia-Pacific
    3. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Denmark
      7. Rest of Europe
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  11. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  12. COMPANY PROFILES
    1. Novozymes
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. LALLEMAND Inc.
    3. Kiwa Bio-Tech Products Group Corporation
    4. Agrinos
    5. Symborg
    6. Rizobacter Argentina SA
    7. Agrilife
    8. BioAg Pty Ltd
    9. ASB Grünland Helmut Aurenz GmbH
    10. Ficosterra, SL
    11. Kan biosys
    12. CRIYAGEN
    13. Som Phytopharma India Ltd
    14. GSFC Ltd
    15. T.STANES & COMPANY LIMITED
    16. Other Key Companies
  13. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : AG 010

Published : March, 2020


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