Global Biofertilizers Market By Product Overview
Introduction:
Biofertilizers are made up of two words, ‘Bio’ means living and ‘fertilizer’ means a product which provides nutrients in usable form. Biofertilizers consists of live or latent cells of effective strains such as bacteria, fungi, algae alone or in combination. The application of biofertilizers on seeds enhances the nutrient availability to the plants. Biofertilizers are composed of human, animal, and organic wastes and are natural and sustainable in nature. The global Biofertilizer market accounted for US$ 1.78 billion in 2020 and is estimated to be US$ 5.406 billion by 2030 and is anticipated to register a CAGR of 11.9%.
Global Biofertilizers Market By Product Dynamics
Increasing adoption of biofertilizers
Increasing adoption of biofertilizers for sustainable farming method across the globe, which drives the global biofertilizers market. In addition, rising concerns regarding food safety is expected to propel the target market over the forecast period. Furthermore, growing demand for organic food, coupled with rising trend of organic farming boosts the global biofertilizers market. For instance, according to data published by International Federation of Organic Agriculture Movements, in 2016, the area under global organic farming is 69.8 million hectares. Moreover, increasing environmental concerns along with rising adoption of bio-based plant enhancer fuels the global biofertilizers market.
Increasing government’s initiative to promote the organic farming is expected to augment the global biofertilizers market. For instance, in December 2013, Indian government started scheme that are National Mission of Sustainable Development (NMSA), Rashtriya Krishi Vikas Yojana (RKVY), Indian Council of Agricultural Sciences (ICAR), and National Mission on Oilseeds and Oil Palm (NMOOP).
Global Biofertilizers Market By Product Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
This report segments the global biofertilizers market on the basis of product, application, and region. On the basis of product, the target market is segmented into nitrogen fixing, phosphate solubilizing, potash mobilizing, and others. Others product sub-segment is categorized into zinc solubilizes and silicate solubilizes. The nitrogen fixing is accounted for major share in the global biofertilizers market, owing to it improve nitrogen yield in the soil through inhabiting microbial and organic growth of the soil. On the basis of application, the global biofertilizers market is bifurcated into seed treatment, soil treatment, and others. The seed treatment is accounted for major share in the target market due to it helps to sustain the viral attacks in the crop and helps in increasing the yield.
Regional Insights:
The global Biofertilizer market accounted for US$ 1.78 billion in 2020 and is estimated to be US$ 5.406 billion by 2030 and is anticipated to register a CAGR of 11.9%. On region the global biofertilizers market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global biofertilizers market. North America biofertilizers market is expected to dominate in terms of revenue in the global biofertilizers market over the forecast period. This can be attributed to rising organic and environment-friendly farming practices which in turn increases demand for biofertilizers products in countries such as U.S. and Canada. For instance, according to data published by U.S. Department of Agriculture (USDA), in 2016, that organic farming operation increased as they were 21,781 certified organic operations in the U.S. In addition, growing demand for organic products drive the North America biofertilizers market. For instance, according to data published by Organic Trade Association, in 2015, total organic product sales hit a new high of US$43.3 billion, up 11 percent from the previous year’s record level i.e. 2014. Europe biofertilizers market is expected to second-highest share in terms of revenue in the global biofertilizers market over the forecast period. This is due to rising adoption of organic farming in the European countries. Asia Pacific biofertilizers market is expected to fastest growing rate in terms of revenue in the global biofertilizers market in the near future. This can be attributed to increasing concerns of food and rising demand for biofertilizers in countries such as India and China of the region.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Product- Nitrogen fixing, phosphate Solubilizing, Photash mobilizing and others ( Zinic solubilizes and Silicate Solubilizes). By Application– Seed Treatment, Soil Treatment, And Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Rest of Asia-Pacific Latin America - Brazil, Mexico, Rest of Latin America Middle East & Africa - South Africa, Israel, GCC, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 20. For the purpose of this study, has segmented the global Biofertilizer market report based on product, application, and region.
Global BioFertilizer Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- North America
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- Asia Pacific
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Global Biofertilizers Market By Product Key Players
The key players operating in the global biofertilizers market includes Monsanto BioAg, Kiwa Bio-Tech Products Group Corporation, LALLEMAND Inc, Camson Bio Technologies, Agrinos AS, Criyagen Agri and Biotech Pvt Ltd, Mapleton Agri Biotech Pty Limited, National Fertilizers Limited, Novozymes A/S, and Insecticides (India) Ltd. Major market players in the global biofertilizers market focus are focusing on product launched, acquisition, and collaboration in order to maintain a stable growth rate and increase profitability. For instance, in April 18, 2019, Kiwa Bio-Tech announced strategic agreement with Yu Tian Weather Technology Co., Ltd. This agreement will focus on resource sharing and cooperation in market development, product upgrades and service enhancements based on the advantages of technology, products and services of the two companies. Further, on March 2015, Insecticides (India) Ltd launched “Mycoraja” biofertilizers. It is Mycorrhiza fungus-based fertilizer which helps to enhanced crop yield.
Global Biofertilizers Market By Product Company Profile
- Monsanto BioAg
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- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
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- Kiwa Bio-Tech Products Group Corporation
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- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
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- LALLEMAND Inc
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- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
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- Camson bio technologies ltd
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- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
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- Agrinos AS
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- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
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- Criyagen Agri and Biotech Pvt Ltd
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- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
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- Mapleton Agri Biotech Pty Limited
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- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
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- National Fertilizers Limited
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- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
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- Novozymes A/S
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- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
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- Insecticides (India) Ltd.
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- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
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Global Biofertilizers Market By Product Table of Contents
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Market Dynamics
- Global Biofertilizers Market, By Product, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Nitrogen Fixing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Phosphate Solubilizing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Potash Mobilizing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others (Zinc Solubilizes and Silicate Solubilizes)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Biofertilizers Market, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Seed Treatment
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Soil Treatment
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Biofertilizers Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019-2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019-2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019-2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019-2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019-2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Monsanto BioAg
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Kiwa Bio-Tech Products Group Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- LALLEMAND Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Camson bio technologies ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Agrinos AS
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Criyagen Agri and Biotech Pvt Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Mapleton Agri Biotech Pty Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- National Fertilizers Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Novozymes A/S
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Insecticides (India) Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Monsanto BioAg
- Analyst Views
- Section
- Research Methodology
- About Us
- Contact
FAQs
The global Biofetilizer market is segmented based on product, application, and region.
Rising initiatives by government bodies due to increasing adoption of biofertilizers for sustainable farming method across the globe, which drives the global biofertilizers market. In addition, rising concerns regarding food safety is expected to propel the target market over the forecast period.
North America biofertilizers market is expected to dominate in terms of revenue in the global biofertilizers market over the forecast period.
The report delivers competitive analysis about leading players in the global biofertilizers market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans.