Biofertilizers Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

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Biofertilizers Market: By Type (Phosphate-solubilizing, Nitrogen-fixing, Potash-mobilizing, Others (Sulphur-solubilizing biofertilizers boron, and zinc)), By Crop Type (Pulses & oilseeds, Cereals & grains, Fruits & vegetables, Others ( fiber crops, turf & ornamentals plantation crops, silage & forage crops)), By Microorganism (Azotobacter, Rhizobium, Azospirillum, Phosphate-solubilizing bacteria, Cyanobacteria, Others (aulosira, nostoc Azolla, Anabaena, and tolypothrix)), By Application (Seed treatment, Soil treatment, Others (set treatment, foliar treatment, root dipping, and seedling root treatment)), and Geography

 

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Report

Description

The global biofertilizers market size valued USD 1416.68 million in 2020 and expected to reach USD 3624.32 million by 2027, growing at a CAGR of 14.08% during the forecast period 2021-2027. Biofertilizers are the substances with microorganisms when applied to the plant surfaces, soil or to the seed will colonize the rhizosphere or interior parts of a plant and promotes growth. Biofertilizers able to add nutrients through the natural process of solubilizing phosphorous, fixing atmosphere nitrogen and stimulate plant growth by synthesizing the substances. Biofertilizers are the class of agrochemicals which are made of organic materials in major quantities. Nowadays farmers are avoiding chemical fertilizers in order to minimize the harmful effects on biodiversity and environment. But synthetic products are still used widely because of the long life and effectiveness of the products. These biofertilizers are potentially used in soil treatment, root dripping and seed treatment. Awareness about the environment and growing demand for fertile soil and organic foods are propelling market revenue. Government initiatives such as European Union’s Common Agricultural Policy is promoting a biobased product and offering approximately 30 % of total budget as direct green payment for the farmers who are adhering to sustainable agricultural practices. Governments of India and China also undertaken many initiatives in order to educate the farmers regarding usage of biofertilizers to enhance the protection of the crop.

Biofertilizers Market

MARKET SUMMARY
-
14.08% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 14.08%
  • Largest Market– Europe
  • Fastest Growing Market– North America

Biofertilizers Market

  • The report on global biofertilizers market gives historical, current and future market sizes (US$ Mn) based on basis of type, application, form, crop type, microorganism and geography.
  • biofertilizers market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Novozymes A/S
  • Novozymes A/S
  • Nutramax Laboratories Inc.
  • Rizobacter Argentina S.A.
  • Lallemand Inc.
Biofertilizers Market

Drivers And Restraints

Biofertilizers market is expected to gain traction over the forecast period due to rising inclination towards eco-friendly or less hazardous fertilizers. The rapid growth of biofertilizers market is due to an increase in demand for the organic food globally. Furthermore, increase in per-capita income and improved standards of living, growing concern about the environment by the impact of the chemical fertilizers, a rise in support of the governments of the manufacturers will fuel the growth of biofertilizers market. However, low product efficacy under unfavourable conditions, easy regulatory framework and high demand for the synthetic fertilizers, lack of awareness to the farmers about the benefits and application of biofertilizers are the factors which are hampering the growth of the biofertilizers market.


North-America got significant share

Biofertilizers Market

On the basis of geographical regions,Biofertilizers Market is classified as into five key regions as Europe, Asia- Pacific, North America, Middle East & Africa and Latin America. North America holds the largest share and demand for biofertilizers followed by Europe owing to the favourable regulatory scenario, the presence of many developed regions, demand for high yielding crops, high progress in biotechnology especially in fermentation technology etc. Asia Pacific region also holds a significant position in the biofertilizers market due to growing organic food industry, increase in farm expenditures, government initiatives such as campaigns for the awareness regarding biofertilizers and favourable incentive schemes.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments

  • In 2016 February, Kiwa Biotech Products Group Corporation and CCOOP Group Co. Ltd entered into a strategic cooperation agreement for manufacturing and marketing biofertilizers.

Key

Report Outline

Biofertilizers Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

1. Executive summary

2. Global Biofertilizers Market Introduction
2.1. Global Biofertilizers Market– Taxonomy
2.2. Global Biofertilizers Market–Definitions
2.2.1. Product Type
2.2.2. Crop Type

3. Global Biofertilizers Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Biofertilizers Market Dynamics – Factors Impact Analysis
3.6. Global Biofertilizers Market– Recent Market Introductions

4. Global Biofertilizers Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
4.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Oppurtunity Analysis

5. Global Biofertilizers Market Forecast, By Product Type, 2015 – 2019 and Forecast, 2020 – 2026
5.1. Phosphate-solubilizing
5.1.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Nitrogen-fixing
5.2.1. Biofertilizers Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Potash-mobilizing
5.3.1. Biofertilizers Market Analysis , 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Others
5.4.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis

6. Global Biofertilizers Market Forecast, By Crop Type, 2015 – 2019 and Forecast, 2020 – 2026
6.1. Pulses & Oilseeds
6.1.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Cereals & Grains
6.2.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Fruits & Vegetables
6.3.1. Biofertilizers Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Others
6.4.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis

7. Global Biofertilizers Market Forecast, By Microorganism, 2015 – 2019 and Forecast, 2020 – 2026
7.1. Azotobacter
7.1.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Rhizobium
7.2.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Azospirillum
7.3.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Phosphate-solubilizing Bacteria
7.4.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Cyanobacteria
7.5.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Others
7.6.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis

8. Global Biofertilizers Market Forecast, By Application, 2015 – 2019 and Forecast, 2020 – 2026
8.1. Seed Treatment
8.1.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Soil Treatment
8.2.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Others
8.3.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis

9. Global Biofertilizers Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026
9.1. North America
9.1.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Biofertilizers Market  Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Biofertilizers Market  Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Biofertilizers Market- Opportunity Analysis Index – By Crop Type, By Product Type, By Microorganism, By Application, and Region, 2020 – 2026

10. North America Biofertilizers Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
10.1. Product Type Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Biofertilizers Market  Share (%)
10.1.1. Phosphate-solubilizing
10.1.2. Nitrogen-fixing
10.1.3. Potash-mobilizing
10.1.4. Others (Sulphur-Solubilizing Biofertilizers Boron, And Zinc)
10.2. Crop Type Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Pulses & Oilseeds
10.2.2. Cereals & Grains
10.2.3. Fruits & Vegetables
10.2.4. Others ( Fiber Crops, Turf & Ornamentals Plantation Crops, Silage & Forage Crops)
10.3. Microorganism Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Azotobacter
10.3.2. Rhizobium
10.3.3. Azospirillum
10.3.4. Phosphate-solubilizing Bacteria
10.3.5. Cyanobacteria
10.3.6. Others (Aulosira, Nostoc Azolla, Anabaena, And Tolypothrix)
10.4. Application Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Seed Treatment
10.4.2. Soil Treatment
10.4.3. Others (Set Treatment, Foliar Treatment, Root Dipping, And Seedling Root Treatment)
10.5. Country Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. U.S.
10.5.2. Canada
10.6. North America Biofertilizers Market- Opportunity Analysis Index – By Crop Type, By Product Type, By Microorganism, By Application, and Country, 2020 – 2026
10.7. North America Biofertilizers Market Dynamics – Trends

11. Europe Biofertilizers Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
11.1. Product Type Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.1.1. Phosphate-solubilizing
11.1.2. Nitrogen-fixing
11.1.3. Potash-mobilizing
11.1.4. Others (Sulphur-Solubilizing Biofertilizers Boron, And Zinc)
11.2. Crop Type Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Pulses & Oilseeds
11.2.2. Cereals & Grains
11.2.3. Fruits & Vegetables
11.2.4. Others ( Fiber Crops, Turf & Ornamentals Plantation Crops, Silage & Forage Crops)
11.3. Microorganism Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Azotobacter
11.3.2. Rhizobium
11.3.3. Azospirillum
11.3.4. Phosphate-solubilizing Bacteria
11.3.5. Cyanobacteria
11.3.6. Others (Aulosira, Nostoc Azolla, Anabaena, And Tolypothrix)
11.4. Application Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Seed Treatment
11.4.2. Soil Treatment
11.4.3. Others (Set Treatment, Foliar Treatment, Root Dipping, And Seedling Root Treatment)
11.5. Country Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Poland
11.5.8. Rest of Europe
11.6. Europe Biofertilizers Market– Opportunity Analysis Index – By CropType, By Product Type, By Microorganism, By Application, and Country, 2020 – 2026
11.7. Europe Biofertilizers Market Dynamics – Trends

12. Asia-Pacific Biofertilizers Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
12.1. Product Type Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.1.1. Phosphate-solubilizing
12.1.2. Nitrogen-fixing
12.1.3. Potash-mobilizing
12.1.4. Others (Sulphur-Solubilizing Biofertilizers Boron, And Zinc)
12.2. Biofertilizers Market CropType Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Pulses & Oilseeds
12.2.2. Cereals & Grains
12.2.3. Fruits & Vegetables
12.2.4. Others ( Fiber Crops, Turf & Ornamentals Plantation Crops, Silage & Forage Crops)
12.3. Microorganism Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Azotobacter
12.3.2. Rhizobium
12.3.3. Azospirillum
12.3.4. Phosphate-solubilizing Bacteria
12.3.5. Cyanobacteria
12.3.6. Others (Aulosira, Nostoc Azolla, Anabaena, And Tolypothrix)
12.4. Application Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Seed Treatment
12.4.2. Soil Treatment
12.4.3. Others (Set Treatment, Foliar Treatment, Root Dipping, And Seedling Root Treatment)
12.5. Country Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
12.5.1. Japan
12.5.2. China
12.5.3. India
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Biofertilizers Market- Opportunity Analysis Index – By Crop Type, By Product Type, By Microorganism, By Application, and Country, 2020 – 2026
12.7. Asia-Pacific Biofertilizers Market Dynamics – Trends

13. Latin America Biofertilizers Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
13.1. Product Type Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.1.1. Phosphate-solubilizing
13.1.2. Nitrogen-fixing
13.1.3. Potash-mobilizing
13.1.4. Others (Sulphur-Solubilizing Biofertilizers Boron, And Zinc)
13.2. Biofertilizers Market CropType Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Pulses & Oilseeds
13.2.2. Cereals & Grains
13.2.3. Fruits & Vegetables
13.2.4. Others ( Fiber Crops, Turf & Ornamentals Plantation Crops, Silage & Forage Crops)
13.3. Microorganism Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Azotobacter
13.3.2. Rhizobium
13.3.3. Azospirillum
13.3.4. Phosphate-solubilizing Bacteria
13.3.5. Cyanobacteria
13.3.6. Others (Aulosira, Nostoc Azolla, Anabaena, And Tolypothrix)
13.4. Application Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Seed Treatment
13.4.2. Soil Treatment
13.4.3. Others (Set Treatment, Foliar Treatment, Root Dipping, And Seedling Root Treatment)
13.5. Country Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Argentina
13.5.4. Venezuela
13.5.5. Rest of Latin America
13.6. Latin America Biofertilizers Market- Opportunity Analysis Index – By Crop Type, By Product Type, By Microorganism, By Application, and Country, 2020 – 2026
13.7. Latin America Biofertilizers Market Dynamics – Trends

14. Middle East & Africa Biofertilizers Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
14.1. Product Type Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.1.1. Phosphate-solubilizing
14.1.2. Nitrogen-fixing
14.1.3. Potash-mobilizing
14.1.4. Others (Sulphur-Solubilizing Biofertilizers Boron, And Zinc)
14.2. Biofertilizers Market CropType Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.2.1. Pulses & Oilseeds
14.2.2. Cereals & Grains
14.2.3. Fruits & Vegetables
14.2.4. Others ( Fiber Crops, Turf & Ornamentals Plantation Crops, Silage & Forage Crops)
14.3. Microorganism Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Azotobacter
14.3.2. Rhizobium
14.3.3. Azospirillum
14.3.4. Phosphate-solubilizing Bacteria
14.3.5. Cyanobacteria
14.3.6. Others (Aulosira, Nostoc Azolla, Anabaena, And Tolypothrix)
14.4. Application Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Seed Treatment
14.4.2. Soil Treatment
14.4.3. Others (Set Treatment, Foliar Treatment, Root Dipping, And Seedling Root Treatment)
14.5. Country Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. Israel
14.5.3. South Africa
14.5.4. Rest of MEA
14.6. MEA Biofertilizers Market- Opportunity Analysis Index – By Crop Type, By Product Type, By Microorganism, By Application, and Country, 2020 – 2026
14.7. MEA Biofertilizers Market Dynamics – Trends

15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Drug & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Madras Fertilizers Limited (India)
15.2.2. Novozymes A/S (Denmark)
15.2.3. National Fertilizers Limited (India)
15.2.4. Novozymes A/S (Denmark)
15.2.5. Nutramax Laboratories Inc. (U.S.)
15.2.6. Rizobacter Argentina S.A. (Argentina)
15.2.7. Camson Bio Technologies Limited (India)
15.2.8. T. Stanes & Company Limited (India)
15.2.9. Gujarat State Fertilizers & Chemicals Ltd. (India)
15.2.10. Rashtriya Chemicals & Fertilizers Ltd. (India)
15.2.11. Lallemand Inc. (Canada).

16. Research Methodology

17. Key Assumptions and Acronyms


Report

Company Profile

  • Madras Fertilizers Limited (India)
  • National Fertilizers Limited (India)
  • Novozymes A/S (Denmark)
  • Nutramax Laboratories Inc. (U.S.)
  • Camson Bio Technologies Limited (India)
  • Gujarat State Fertilizers & Chemicals Ltd. (India)
  • Rizobacter Argentina S.A. (Argentina)
  • T. Stanes & Company Limited (India)
  • Rashtriya Chemicals & Fertilizers Ltd. (India)
  • Lallemand Inc. (Canada)

Description

The global biofertilizers market size valued USD 1416.68 million in 2020 and expected to reach USD 3624.32 million by 2027, growing at a CAGR of 14.08% during the forecast period 2021-2027. Biofertilizers are the substances with microorganisms when applied to the plant surfaces, soil or to the seed will colonize the rhizosphere or interior parts of a plant and promotes growth. Biofertilizers able to add nutrients through the natural process of solubilizing phosphorous, fixing atmosphere nitrogen and stimulate plant growth by synthesizing the substances. Biofertilizers are the class of agrochemicals which are made of organic materials in major quantities. Nowadays farmers are avoiding chemical fertilizers in order to minimize the harmful effects on biodiversity and environment. But synthetic products are still used widely because of the long life and effectiveness of the products. These biofertilizers are potentially used in soil treatment, root dripping and seed treatment. Awareness about the environment and growing demand for fertile soil and organic foods are propelling market revenue. Government initiatives such as European Union’s Common Agricultural Policy is promoting a biobased product and offering approximately 30 % of total budget as direct green payment for the farmers who are adhering to sustainable agricultural practices. Governments of India and China also undertaken many initiatives in order to educate the farmers regarding usage of biofertilizers to enhance the protection of the crop.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX