Biofertilizers Market 2024: Global Industry Top Key Players – Novozymes, National Fertilizers, Rizobacter Argentina, Camson Bio Technologies, Nutramax Laboratories, CBF China

Market Study Report adds global Biofertilizers market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.

Biofertilizers Market size will exceed USD 3 billion by 2024; according to a new research report.

Strong demand outlook in the overall agrochemicals industry along with rising adoption for bio based plant growth enhancers will drive the biofertilizers market. Decrease in arable land availability due to excessive synthetic fertilizer consumption will facilitate biofertilizers penetration.

Rising consumer preference for organic food and widespread health awareness trends are key factors driving industry growth. Strong EU regulatory compliances to curb toxic growth enhancers usage and introducing policies offering 30% subsidy to farmers to promote sustainable farming will fuel demand.

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R&D to improve plant productivity will facilitate the industry growth. Ease in product registration, less capital-intensive production process, and shifting farming trends for bio inputs are factors attracting manufacturers to invest in biofertilizers.

Nitrogen-fixing dominated the product segment and generated over USD 1 billion in revenue for 2016. Enhancing soil fertility and increase in farm yield up to 15% are key properties propelled the product demand.

Phosphate-solubilizing will witness significant growth over 12% up to 2024. Increased product consumption for cereals &grains and pulse &oilseeds due to their anti-fungal properties will drive the demand.

Dry formulation biofertilizers accounted for more than 70% of the overall industry demand in 2016. Easy handling along with wide availability at competitive prices have encouraged product penetration. Liquid formulations will witness fastest growth over 12% up to 2024. Longer shelf life and easy storage are the key properties driving growth.

North America biofertilizers market catered over 40% of the global demand in 2016. Stringent regulations on chemical fertilizers usage along with increasing consumer spending on organic food will drive the regional industry growth.

China biofertilizers market will witness over 12% CAGR up to 2024. Inclination towards healthy lifestyle along with increase in farming expenditure will drive the industry growth. Favorable regulations coupled with subsidies on bio based products are the factors positively influencing demand.
Global industry share includes Novozymes, National Fertilizers, Rizobacter Argentina, Camson Bio Technologies, Nutramax Laboratories, CBF China, AgriLife, Biomax, Symborg Labiofam, Antibiotice and Mapleton Agribiotec.

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Table of Content:

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope, definitions & forecast parameters

1.2. Data sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2. Executive Summary

2.1. Biofertilizers market 3600 synopsis, 2013 –2024

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Application trends

2.1.4. Crop trends

2.1.5. Form trends

2.1.6. Regional trends

Chapter 3. Biofertilizers Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1. Raw material suppliers

3.3.2. Manufacturers

3.3.3. Distributors

3.4. Distribution channel analysis

3.4.1. Government

3.4.2. B2B

3.4.3. B2C

3.5. Vendor matrix

3.5.1. Key manufacturers contact list

3.5.2. Role

3.5.3. Product portfolio

3.5.4. Global presence

3.5.5. Production capacity of key players

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