Biofertilizers Market By Type (Nitrogen Fixing, Phosphate Solubilizing, Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By Application (Seed Treatment, Soil Treatment, Others), Global Analysis to 2023

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format

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Biofertilizers Market By Type (Nitrogen Fixing, Phosphate Solubilizing, Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By Application (Seed Treatment, Soil Treatment, Others), Global Analysis to 2023

Biofertilizers Market Valuation – 2024-2031

According to the new report titled " Biofertilizers Market By Type (Nitrogen Fixing, Phosphate Solubilizing, Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By Application (Seed Treatment, Soil Treatment, Others), Global Analysis to 2023"

 The valuation of the Biofertilizers market was $2.37 Billion in 2023 and is projected to reach $6.89 Billion by 2032, at a CAGR of 12.53% from 2021 to 2032.

BiofertilizersA Natural Way to Boost Crops and Soil Back in 2023, the biofertilizer industry was worth a whopping $2.37 billion. And guess what? It's only expected to get bigger and better, with a growth rate of 12.53% over the next few years. So, what's the secret behind biofertilizers? They're basically a bunch of friendly microorganisms that live in the soil around plant roots or even inside the plants themselves. These tiny helpers work hard to make plants grow strong and healthy. They do this by doing some pretty cool stuffGrabbing nitrogen from the air and turning it into a form that plants can use. Breaking down phosphorus in the soil so plants can absorb it. Producing hormones that help plants grow better. Not only that, but using biofertilizers is a great way to be more environmentally friendly. Unlike chemical fertilizers, they don't damage the soil or pollute the air. They actually make the soil healthier and more fertile. And here's the icing on the cakebig food and drink companies are all about sustainability these days. They want to know that the ingredients they use are grown in a way that protects the planet. By supporting farmers who use biofertilizers, they can reduce their reliance on chemical fertilizers, improve soil health, and make their products more eco-friendly. So, it's a win-win for everyone!

Hey there, folks. You know those food and drink companies? They're starting to push for those biofertilizers among the folks who supply them their stuff. Why? Well, people are getting wise to the environment and health, and they're starting to care about how their food and drinks are grown. So, when a food or drink company says they're all about sustainable farming, like using biofertilizers, they're not just blowing hot air. They know that shoppers like you and me are into stuff that's good for the planet and good for us. Now, these biofertilizers don't go straight into our food and drinks, but they're a big part of the whole sustainable farming thing. And that matters because more and more people want to eat food that's organic, packed with nutrients, and grown in a way that doesn't hurt the planet. So, for food and drink companies, getting into biofertilizers is a smart move. It helps them find suppliers who share their values, build a more sustainable supply chain, and show their customers that they're serious about taking care of the environment.

Nitrogen Fixing held the largest share in the Biofertilizers market

By Type (Nitrogen Fixing, Phosphate Solubilizing, Others) where Nitrogen Fixing plays a crucial role in the Biofertilizers market. Nitrogen fixing is a crucial biological process in which certain microorganisms convert atmospheric nitrogen (N2) into ammonia (NH3) or other nitrogen compounds usable by plants. This process is essential for maintaining soil fertility and facilitating plant growth. With growing concerns about environmental degradation and the sustainability of conventional agricultural practices, there is a rising demand for sustainable alternatives. Nitrogen-fixing biofertilizers offer a natural and eco-friendly solution for enhancing soil fertility and reducing reliance on synthetic fertilizers.

The increasing demand for organic food products has led to a parallel increase in the demand for organic farming inputs, including biofertilizers. Nitrogen-fixing biofertilizers are commonly used in organic farming systems to meet the nitrogen needs of crops while adhering to organic certification standards. Food and beverage companies are increasingly implementing sustainability initiatives throughout their supply chains, including efforts to promote sustainable agriculture. Supporting farmers who use biofertilizers aligns with these sustainability goals by reducing the environmental impact of agricultural production and promoting soil health.

North America headed the Biofertilizers market in 2023

In organic farming, biofertilizers are like natural helpers for crops, giving them the nutrients they need without using artificial fertilizers. These biofertilizers include special bacteria that can take nitrogen from the air and turn it into something plants can use. As people in North America want more organic food because it's healthier and better for the environment, organic farmers are turning to biofertilizers more often. This means that food and drink made from ingredients grown on farms using biofertilizers can be labeled as organic. Food and drink companies like to work with suppliers who use sustainable farming practices, like biofertilizers. Even though biofertilizers may not directly affect how food and drinks are made, their use by suppliers improves the quality and sustainability of the ingredients used. While the food and drink industry in North America may not directly drive demand for biofertilizers, their use in sustainable farming indirectly affects how ingredients are sourced, how sustainable the supply chain is, and what consumers want when it comes to eco-friendly products. As people become more aware of environmental concerns, the need for ingredients grown with biofertilizers is expected to continue to grow, having an even greater impact on the food and beverage industry in North America.

 CBF China Biofertilizer, Novozymes A/S, Agrilife, Symborg SL, Lallemand Inc, Gujrat State Fertilizers & Co Ltd., IPL Biological, Bioceres SA, Americal Vanguard Corporation etc.

Report Scope

REPORT ATTRIBUTES DETAILS
STUDY PERIOD

2021-2031
GROWTH RATE

CAGR of ~ 14.12% from 2024 to 2031
BASE YEAR FOR VALUATION

2024
HISTORICAL PERIOD

2021-2023
FORECAST PERIOD

2024-2031
QUANTITATIVE UNITS

Value in USD Billion
REPORT COVERAGE

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis
SEGMENTS COVERED
  • Product
  • Microorganism
  • Application
REGIONS COVERED
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
KEY PLAYERS

Novozymes A/S, National Fertilizers Limited, Gujarat State Fertilizers & Chemicals Ltd. (GSFC), Rizobacter Argentina S.A., Lallemand Inc., Camson Bio Technologies Limited, Biomax, Symborg, Nutramax Laboratories, Inc., Mapleton Agri Biotech Pvt. Ltd.
CUSTOMIZATION

Report customization along with purchase available upon request

 KEYPLAYER

  • Novozymes A/S
  • National Fertilizers Limited
  • Gujarat State Fertilizers & Chemicals Ltd. (GSFC)
  • Rizobacter Argentina S.A.
  • Lallemand Inc.
  • Camson Bio Technologies Limited
  • Biomax
  • Symborg
  • Nutramax Laboratories, Inc.
  • Mapleton Agri Biotech Pvt. Ltd.

  Latest Developments

Biofertilizers Market, By Category

Product

  • Nitrogen Fixing
  • Phosphate Solubilizers

Microorganism

  • Rhizobium
  • Azotobacter
  • Azospirillum
  • Pseudomonas
  • Bacillus
  • VAM (Vesicular-Arbuscular Mycorrhiza)

Application

  • Seed treatment
  • Soil treatment

Region

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

Reasons to Purchase this Report

Human-Like Rewrite We'll examine the market thoroughly, considering both financial and non-financial aspects to provide a comprehensive understanding. We'll also break down the market into different segments and provide data on the value of each segment and sub-segment in billions of US dollars. We'll identify the region and segment that's expected to grow the fastest and dominate the market. We'll analyze the market by geography, showing how much of the product or service is being used in each region and highlighting the factors influencing the market in each area. We'll provide a competitive landscape that includes market rankings for the major players, as well as details on any new products or services they've launched, partnerships they've formed, and expansions or acquisitions they've made in the past five years. We'll create detailed profiles of the major market players, including an overview of the company, their insights, product comparisons, and an analysis of their strengths, weaknesses, opportunities, and threats. We'll give you the current and future outlook for the industry, considering recent developments and growth drivers, as well as any challenges or obstacles that emerging and developed regions may face. We'll provide an in-depth analysis of the market using Porter's five forces analysis to assess competition. We'll also use value chain analysis to give you a clear understanding of the market from various perspectives. We'll discuss the market's current dynamics and highlight potential growth opportunities for the coming years. And to top it off, we'll provide 6 months of expert support to ensure you have all the insights you need.

Table of Content

Report ID 22697 | No. of Pages 202

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1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights

3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter's Five Forces Analysis

4. Biofertilizers Market, By Product Type

  • Nitrogen Fixing
  • Phosphate Solubilizers
  •  

5. Biofertilizers Market, By Microorganism

  • Rhizobium
  • Azotobacter
  • Azospirillum
  • Pseudomonas
  • Bacillus
  • VAM (vesicular-arbuscular mycorrhizae)

6. Biofertilizers Market, By Application

  • Seed Treatment
  • Soil Treatment

7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape
• Key Players
• Market Share Analysis

10. Company Profiles

  • Novozymes A/S
  • National Fertilizers Limited
  • Gujarat State Fertilizers & Chemicals Ltd. (GSFC)
  • Rizobacter Argentina S.A.
  • Lallemand Inc.
  • Camson Bio Technologies Limited
  • Biomax
  • Symborg
  • Nutramax Laboratories,Inc.
  • Mapleton Agri Biotech Pvt. Ltd.

11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix

• List of Abbreviations
• Sources and References

 KEYPLAYER

  • Novozymes A/S
  • National Fertilizers Limited
  • Gujarat State Fertilizers & Chemicals Ltd. (GSFC)
  • Rizobacter Argentina S.A.
  • Lallemand Inc.
  • Camson Bio Technologies Limited
  • Biomax
  • Symborg
  • Nutramax Laboratories, Inc.
  • Mapleton Agri Biotech Pvt. Ltd.

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