Global Biofertilizers Market Size, Forecasts, And Opportunities – Includes Biofertilizers Market Report
Learn about the global biofertilizers market through The Business Research Company, which provides information on biofertilizers market size, biofertilizers market drivers and restraints, biofertilizers market players, the COVID-19 impact on the biofertilizers market, and more.
The global biofertilizers market size is expected to grow from $1.65 billion in 2021 to $1.85 billion in 2022 at a compound annual growth rate (CAGR) of 12.39%. The global biofertilizer market size is expected to grow to $2.91 billion in 2026 at a CAGR of 11.94%.
The increasing concern for food safety is expected to driving the growth of the biofertilizers market.
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The biofertilizers market consists of sales of biofertilizers products by entities (organizations, sole traders, and partnerships) that are used to fix nutrients into the soil making it available to the plant. Biofertilizers are a substance containing living microorganisms that colonize the rhizosphere or inside of the plant and promote development by increasing the supply or availability of primary nutrients to the host plant when applied to seeds, plant surfaces, or soil. Natural processes like nitrogen fixation, phosphorus solubilization, and the production of growth-promoting compounds are utilized in biofertilizers to offer nutrients to plants.
Global Biofertilizers Market Segments Include:
By Product: Nitrogen Fixing, Phosphate Solubilizing, Others
By Crop Type: Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others
By Form: Liquid, Carrier-Based
By Application: Seed Treatment, Soil Treatment
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the biofertilizers market in 2021.
Product innovation is a key trend gaining popularity in the biofertilizers market. The key players operating in the biofertilizers market are developing innovative products for crops to grow stronger and show greater tolerance to stress. The innovation in biofertilizers enables the players to establish their product portfolio, earn additional revenue, capture more market share, and hold a competitive edge in the market.
Major Market Players: Novozymes A/S, CBF China Bio-Fertilizer AG, SOM Phytopharma (India) Limited (AgriLife), Mapleton Agri Biotec Private Ltd, Biomax, Symborg SL, National Fertilizers Ltd, Rizobacter Argentina SA, UPL Limited, T. Stanes & Company Limited, Jaipur Bio Fertilizers, Agrinos Inc, LKB BioFertilizer Sdn Bhd and Varsha Bioscience and Technology India Pvt Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Biofertilizers Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides biofertilizers market overviews, analyzes and forecasts market size, share, biofertilizers market players, biofertilizers market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s biofertilizers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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