Global Bio-fertilizers Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Nitrogen-fixing bio-fertilizers, Phosphate-solubilizing bio-fertilizers and Others.

By Application;

Soil Treatment, Seed Treatment.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn110161931 Published Date: February, 2024 Updated Date: March, 2024

Introduction

Global Bio-fertilizers Market (USD Million), 2020 - 2030

In the year 2023, the Global Bio-fertilizers Market was valued at USD 2,408.99 million. The size of this market is expected to increase to USD 5,528.45 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 12.6%.

Global bio-fertilizers market is witnessing substantial growth driven by increasing awareness regarding environmental sustainability and the rising demand for organic food products. Bio-fertilizers are gaining popularity as they offer several advantages over chemical fertilizers, including improved soil health, enhanced nutrient uptake by plants, and reduced environmental impact. Additionally, government initiatives promoting sustainable agricultural practices and the growing trend of organic farming are fueling the market growth.

One of the key trends shaping the bio-fertilizers market is the rising adoption of microbial-based bio-fertilizers, such as nitrogen-fixing bacteria, phosphate-solubilizing bacteria, and mycorrhizal fungi. These bio-fertilizers help improve soil fertility and plant growth by facilitating nutrient absorption and enhancing soil structure. Furthermore, advancements in bio-fertilizer production technologies, such as strain selection and fermentation processes, are driving product innovation and market expansion.

The Bio-fertilizers market is expected to witness significant growth in the coming years, driven by the increasing demand for sustainable agricultural practices and the rising need to reduce chemical fertilizer usage. Moreover, the growing awareness among farmers about the benefits of bio-fertilizers and the favorable regulatory environment supporting organic farming are expected to further boost market growth. However, challenges such as limited awareness among farmers, lack of standardized regulations, and high initial investment costs are likely to hinder market growth to some extent.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Bio-fertilizers Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Organic Food
        2. Government Initiatives Promoting Sustainable Agriculture
        3. Environmental Benefits
        4. Cost-Effectiveness
      2. Restraints
        1. Limited Awareness and Knowledge
        2. High Initial Investment Costs
        3. Lack of Standardization and Quality Control
        4. Limited Shelf Life and Storage Requirements
      3. Opportunities
        1. Technological Advancements
        2. Increasing Demand for Sustainable Agriculture
        3. Government Support and Subsidies
        4. Rising Demand in Developing Countries
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Bio-fertilizers Market, By Type, 2022 - 2032 (USD Million)
      1. Nitrogen-fixing bio-fertilizers
      2. Phosphate-solubilizing bio-fertilizers
      3. Others
    2. Global Bio-fertilizers Market, By Application, 2022 - 2032 (USD Million)

      1. Soil Treatment
      2. Seed Treatment
    3. Global Bio-fertilizers Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Novozymes (Denmark)
      2. UPL (India)
      3. Chr. Hansen Holding A/S (Denmark)
      4. Syngenta (Switzerland)
      5. T.Stanes and Company Limited (India)
      6. Lallemand Inc (Canada)
      7. Rizobacter Argentina S.A. (Argentina)
      8. Vegalab SA (Switzerland)
      9. IPL Biologicals Limited (India)
      10. Kiwa Bio-tech Product Group Cooperation (China).
  7. Analyst Views
  8. Future Outlook of the Market

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