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Add to CartGlobal Biofertilizers Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
By Form;
Azospirillum, Azotobacter, Mycorrhiza, Phosphate Solubilizing Bacteria, Rhizobium, Others.By Crop Type;
Cash Crops, Horticultural Crops, Row Crops.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global Biofertilizers Market (USD Million), 2020 - 2030
In the year 2023, the Global Biofertilizers Market was valued at USD 3,089.71 million. The size of this market is expected to increase to USD 6,496.08 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 11.2%.
Global biofertilizers market is poised for significant growth in the coming years, driven by the increasing demand for organic food and sustainable agricultural practices. Biofertilizers are natural fertilizers derived from living organisms that enrich the soil with essential nutrients, improve soil health, and promote plant growth. As consumers become more aware of the environmental and health benefits of organic food, the demand for biofertilizers is expected to rise, driving market growth.
One of the key trends shaping the biofertilizers market is the growing adoption of bio-based and sustainable agriculture practices. Biofertilizers are considered environmentally friendly alternatives to chemical fertilizers, as they do not contain harmful chemicals that can pollute soil and water. Governments and agricultural organizations are promoting the use of biofertilizers to reduce the environmental impact of agriculture and promote sustainable food production.
Technological advancements and innovations in biofertilizer production are expected to drive market growth. Manufacturers are developing new and improved strains of beneficial microorganisms that can enhance nutrient uptake by plants and improve soil fertility. These innovations are expected to drive the adoption of biofertilizers among farmers and contribute to the growth of the global biofertilizers market.
Global Biofertilizers Market Report Snapshot
Recent Developments
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October 2022: Koppert intends to invest in three new production units in Brazil, ensuring its leadership in the Brazilian and global markets for biological agricultural inputs. The new formulation unit will be located on more than 8,000 m2. It will produce the entire microbiological line, including products based on viruses, fungi, and bacteria in liquid or solid formulations.
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September 2022: Corteva Agriscience agreed to acquire Symborg Inc. to strengthen its global presence with a strong distribution network.
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March 2021: Symborg opened a new hydrolysis plant in Spain, with a total investment of USD 28.0 million. The plant is designed for the manufacturing of sustainable products for agriculture, such as biofertilizers, biostimulants, and biocontrol solutions that are imported to the United States.
| Parameters | Description |
|---|---|
| Market | Global Biofertilizers Market |
| Study Period | 2020 - 2030 |
| Base Year (for Biofertilizers Market Size Estimates) | 2023 |
| Drivers |
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| Restraints |
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| Opportunities |
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Segment Analysis
This report extensively covers different segments of Global Biofertilizers Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).
Global Biofertilizers Segment Analysis
In this report, the Global Biofertilizers Market, Segmented by Form, Crop Type and Geography.
Global Biofertilizers Market, Segmentation by Form
Global Biofertilizers Market , Segmented by Form into Azospirillum, Azotobacter, Mycorrhiza, Phosphate Solubilizing Bacteria, Rhizobium, Others.
Each of these forms of biofertilizers offers unique benefits for plant growth and soil health.Azospirillum and Azotobacter are both nitrogen-fixing bacteria that help convert atmospheric nitrogen into a form that plants can use. These biofertilizers are commonly used to improve soil fertility and enhance plant growth, particularly in crops that require high levels of nitrogen. Mycorrhiza is a type of fungi that forms a symbiotic relationship with plant roots, helping plants absorb nutrients from the soil. Mycorrhizal biofertilizers are known for their ability to improve soil structure, increase nutrient uptake, and enhance plant resilience to environmental stress.Phosphate Solubilizing Bacteria are bacteria that help solubilize phosphorus in the soil, making it more available to plants.
These biofertilizers are valuable for improving phosphorus uptake by plants, which is essential for healthy root development and overall plant growth. Rhizobium is a nitrogen-fixing bacteria that forms nodules on the roots of leguminous plants, such as soybeans and peas. These nodules house the bacteria, which convert atmospheric nitrogen into a form that the plants can use. Rhizobium biofertilizers are commonly used in agriculture to improve soil fertility and reduce the need for synthetic nitrogen fertilizers.
Global Biofertilizers Market, Segmentation by Crop Type
Global Biofertilizers Market, Segmented by Crop Type into Cash Crops, Horticultural Crops, Row Crops.
Cash crops are crops grown for sale rather than for personal use, such as cotton, sugarcane, and tobacco. Horticultural crops include fruits, vegetables, flowers, and ornamental plants. Row crops are crops that are planted in rows, such as corn, soybeans, and wheat.Each segment has specific requirements for nutrients and soil health, making biofertilizers a valuable input for sustainable crop production.
Biofertilizers can help improve soil fertility, enhance nutrient uptake, and promote plant growth, leading to higher yields and better-quality produce. As farmers seek to adopt more sustainable agricultural practices, the demand for biofertilizers in all three segments is expected to increase, driving the growth of the global biofertilizers market.
Global Biofertilizers Market, Segmentation by Geography
In this report, the Global Biofertilizers Market, Segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Biofertilizers Market Share (%), by Geographical Region, 2023
Each region has its own dynamics and factors influencing the growth of the biofertilizers market.North America is a significant market for biofertilizers, driven by the increasing demand for organic food and sustainable agriculture practices. The region has a strong presence of key market players and a well-established regulatory framework supporting the use of biofertilizers.Europe is another important market for biofertilizers, with countries like Germany, France, and the United Kingdom leading the adoption of organic farming practices. The region's stringent regulations on chemical fertilizers and growing consumer awareness about the benefits of organic food are driving the demand for biofertilizers.
Asia Pacific is expected to witness significant growth in the biofertilizers market, driven by the increasing population, rising food demand, and the need for sustainable agricultural practices. Countries like India and China are investing in organic farming and promoting the use of biofertilizers, creating opportunities for market growth in the region.The Middle East and Africa and Latin America regions are also expected to contribute to the growth of the global biofertilizers market, driven by the increasing adoption of sustainable agriculture practices and the growing awareness about the benefits of biofertilizers.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Biofertilizers Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers, Restraints and Opportunity Analysis
Drivers
- Growing Demand for Organic Food
- Government Initiatives and Subsidies
- Rising Environmental Concerns
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Technological Advancements in Biofertilizer Production:- Technological advancements in biofertilizer production are a significant driver of the global biofertilizers market. These advancements have led to the development of new and improved strains of beneficial microorganisms, as well as innovative formulation techniques that enhance the effectiveness of biofertilizers.
Technological advancements have enabled biofertilizer manufacturers to scale up production and improve the shelf life of biofertilizer products. This has increased the availability and accessibility of biofertilizers to farmers, driving their adoption and contributing to the growth of the global biofertilizers market.
Restraints
- Limited Awareness and Knowledge
- High Cost Compared to Chemical Fertilizers
- Limited Shelf Life and Storage Issues
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Inconsistent Performance and Efficacy:- One of the key restraints facing the global biofertilizers market is the inconsistent performance and efficacy of biofertilizers. The effectiveness of biofertilizers can vary depending on several factors, including soil type, climate, and crop type. This variability in performance can lead to uncertainty among farmers about the effectiveness of biofertilizers and may hinder their adoption. The lack of standardized testing methods and quality control measures for biofertilizers can contribute to inconsistent performance.
Without reliable data on the efficacy of biofertilizers, farmers may be hesitant to invest in these products. Addressing these challenges through improved research and development efforts and establishing industry standards for biofertilizer testing and quality control could help mitigate this restraint and drive greater adoption of biofertilizers.
Opportunities
- Increasing Demand for Sustainable Agriculture
- Rising Adoption of Organic Farming
- Government Support and Incentives
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Technological Advancements in Biofertilizer Production:- Technological advancements in biofertilizer production present significant opportunities for the global biofertilizers market. Improved production technologies can lead to the development of more effective and efficient biofertilizers, which can enhance soil health, improve crop yields, and reduce the environmental impact of agriculture.
Advancements in biofertilizer production can help increase the scalability and cost-effectiveness of biofertilizer manufacturing, making these products more accessible to farmers worldwide. This can open up new markets for biofertilizers, particularly in developing countries where sustainable agricultural practices are gaining traction. Overall, technological advancements in biofertilizer production have the potential to drive innovation and growth in the global biofertilizers market.
Competitive Landscape Analysis
Key players in Global Biofertilizers Market include
- Gujarat State Fertilizers & Chemicals Ltd
- Indian Farmers Fertiliser Cooperative Limited
- Koppert Biological Systems Inc.
- Symborg Inc.
- T.Stanes and Company Limited
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Form
- Market Snapshot, By Crop Type
- Market Snapshot, By Region
- Global Biofertilizers Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growing Demand for Organic Food
- Government Initiatives and Subsidies
- Rising Environmental Concerns
- Technological Advancements in Biofertilizer Production
- Restraints
- Limited Awareness and Knowledge
- High Cost Compared to Chemical Fertilizers
- Limited Shelf Life and Storage Issues
- Inconsistent Performance and Efficacy
- Opportunities
- Increasing Demand for Sustainable Agriculture
- Rising Adoption of Organic Farming
- Government Support and Incentives
- Technological Advancements in Biofertilizer Production
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Biofertilizers Market, By Form, 2020 - 2030 (USD Million)
- Azospirillum
- Azotobacter
- Mycorrhiza
- Phosphate Solubilizing Bacteria
- Rhizobium
- Others
- Global Biofertilizers Market, By Crop Type, 2020 - 2030 (USD Million)
- Cash Crops
- Horticultural Crops
- Row Crops
- Global Biofertilizers Market, By Geography, 2020 - 2030 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Biofertilizers Market, By Form, 2020 - 2030 (USD Million)
- Competitive Landscape
- Company Profiles
- Gujarat State Fertilizers & Chemicals Ltd
- Indian Farmers Fertiliser Cooperative Limited
- Koppert Biological Systems Inc.
- Symborg Inc.
- T.Stanes and Company Limited
- Company Profiles
- Analyst Views
- Future Outlook of the Market
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