openPR Logo
Press release

Bio-Fertilizers Market 2018 - 2023 | National Fertilizers Ltd, Madras Fertilizers Limited, Monsanto BioAg, Gujarat State Fertilizers & Chemicals Ltd, T Stanes & Company Limited

03-01-2019 12:44 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Bio-Fertilizers Market 2018 - 2023 | National Fertilizers Ltd,

Market Introduction

Biofertilizers are living microorganisms which provide nutrients to the crops through nitrogen fixation and phosphorous solubilization processes. They also assist in maintaining the quality of the soil and promoting sustainable agriculture. The various types of biofertilizers include, nitrogen fixing biofertilizers, phosphate solubilizing biofertilizer, plant growth promoting Rhizobacteria, and biofertilizers for micronutrients. They are cost effective and are a renewable source of plant nutrients. Concerns for sustainable agricultural land has increased with the use of chemical fertilizers, which has created immense scope for biofertilizers.

Access Report @

Market Forecast

The global market for biofertilizers has been witnessing high demand for the last few years and is projected to reach USD 2653.48 million by 2023 compared to USD 1183.34 million in 2017. Increasing awareness regarding sustainable agriculture followed by various government initiatives to promote the product is majorly driving the growth of the market. Moreover, the growing trend of inclination towards organic foods from the consumers is boosting the growth of the market. Growing demand from the emerging market will surge the biofertilizers market over the coming years.

Based on the type, nitrogen-fixing segment is dominating the market and is witnessed to grow at the highest growth rate of 14.74% over the forecast period. On the basis of crop type, cereals & grains segment is expected to hold the maximum market share of 43% on the global level. Additionally, on the basis of application, seed application segment is anticipated to grow at the highest rate of 14.60% during the review period. Based on the form, the dry segment dominated the market in 2017.

By Downstream Analysis

On the basis of the type, biofertilizers market is segmented into nitrogen-fixing, phosphate-solubilizing, others. Among the type, nitrogen-fixing segment accounted for the major market proportion of 73% in the year of 2017. Moreover, it is projected to be the fastest growing segment during the forecast period of 2017-2023.

Based on the crop type, biofertilizers market is segmented into cereals & grains, pulses & oilseeds, fruits & vegetables, and others. Among them, cereals & grains segment has been dominating with major market share of 43% in the year 2017. However, fruits & vegetables segment is predicted to be the fastest growing segment during the noticed period.

On the basis of the application, it is segmented into seed application and soil application. Among them, seed application segment dominated with the market share of 72% in the year 2017. Also, soil application segment is anticipated to have a substantial growth during the forecast period of 2017-2023.

Based on the form, the market is segmented into dry and liquid. It is observed that the dry segment accounted for the maximum market share in the year 2017. However, liquid segment is projected to surge the market growth over the noticed period.

Competitive Analysis

The major key players in biofertilizers are:

National Fertilizers Ltd. (India)
Madras Fertilizers Limited (India)
Monsanto BioAg (U.S.)
Gujarat State Fertilizers & Chemicals Ltd. (India)
T Stanes & Company Limited (India)
Camson Bio Technologies Limited (India)
Rashtriya Chemicals & Fertilizers Ltd. (India)
Biomax Naturals (India), Agri Life (India)
Mani Dharma Biotech Pvt. Ltd. (India)

Request to view Sample Report:

Regional Analysis

Among the regions, North America is dominating the biofertilizers market with over 31.74% of the global market share and is projected to reach around USD 827.62 million by 2023. However, Asia Pacific is anticipated to be the fastest growing region for biofertilizers market. In Asia Pacific, Japan is expected to grow at the highest rate followed by Australia and India over the forecast period.

Moreover, RoW is also projected to witness a substantial growth rate during the forecast period 2017-2023, in which Latin America is projected to grow at the highest rate followed by Africa over the review period.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.


Market Research Future

+1 646 845 9312


This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Bio-Fertilizers Market 2018 - 2023 | National Fertilizers Ltd, Madras Fertilizers Limited, Monsanto BioAg, Gujarat State Fertilizers & Chemicals Ltd, T Stanes & Company Limited here

News-ID: 1626580 • Views: 489

More Releases from Market Research Future

CAS9 technology Market Projected to Hit USD 6.72 Billion at a 11.30% CAGR by 203 …
Market overview: The overall CAS9 technology industry is expected to grow over the future years because of its significant economic nature and expanding use opportunities. During 2018- 2030, the industry is anticipated to develop at a compound yearly rate of economic development of 11.30 %. Genetic engineering has advanced with the advent of genomics and genetic manipulation using designed nucleases. As a method for genomics, the CAS9 technique is swiftly gaining
Cloud Billing Market Projected to Hit USD 13.23 Billion at a 16.40% CAGR by 2030 …
Market Overview: The value of the Cloud Billing Market is anticipated to be USD 13.23 billion by the year 2030, growing at a CAGR of 16.40% during the period of forecasting from 2020 to 2030. Cloud billing creates invoices using valuable informational data following previously established billing standards. A cloud-based billing feature serves as a conduit for generating consumption invoices. There will be growth in the cloud billing market in the next
Thermal Paper Market Size 2021: Industry Analysis, Share, Segmentation, Price Tr …
Overview The thermal paper market is anticipated to grow rapidly at a CAGR of 4.87% during the forecast period. The global thermal paper market is driven by increased demand for thermal paper for POS application. These factors have helped shape the thermal paper market and are expected to boost the growth. Companies in the thermal paper market could also face challenges such as increasing demand for paperless billing and volatility in
Dry Bulk Shipping Market 2022 , Share, Size, Growth, Top Manufacturers, Segmenta …
Market Overview Market research indicates that the global market of Dry Bulk Shipping Market Revenue is going to reach up to USD 5,400 Million (approx) within the forecast period 2022-2030 with a CAGR of 4%. Get sample copy of report at: Dry Bulk Shipping is the transportation of bulk commodities such as grains, iron ore, coal, lumber, sand, gravel, steel products like rods, plates, coils, and others using vessels. According to

All 5 Releases

More Releases for Fertilizers

Global On Demand Bio Fertilizers Market competitive Landscape Key Player- Novozy …
LOS ANGELES, United States: The global Bio Fertilizers Market is comprehensively analyzed in the report with the main objective of providing accurate market data and useful recommendations to help players to gain strong growth in future. The report is compiled by subject matter experts and experienced market analysts, which makes it highly authentic and reliable. Readers are provided with deep analysis of historical and future market scenarios to get sound understanding of market
Global Bio Fertilizers Market 2021 Analysis Forecast by Top Manufacturers - Novo …
As per the research conducted by, the report titled Global Bio Fertilizers Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2026 includes a lot of details that allow everyone to understand different things without difficulties. In the introductory part of the chapter, details about global Bio Fertilizers market figures, both historical and estimates are given in the report. The report is broken down into chapters, which are
Bio Fertilizers Market to Witness Massive Growth by 2027 | Novozymes, National F …
The Latest research study released by AMA “COVID-19 Outbreak-Global Bio Fertilizers Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered in this Research
Global Bio Fertilizers market:Production, Consumption, Distribution, and Other F …
The report titled, *Global Bio Fertilizers Market Report, History and Forecast 2015-2026, Breakdown Data by Manufacturers, Key Regions, Types and Application* has been recently published by QY Research. The authors of the report have done extensive study of the global Bio Fertilizers market keeping in mind the key aspects such as growth determinants, opportunities, challenges, restraints, and market developments. This analysis will enrich the ability of the companies involved in
Biological Organic Fertilizers Market to Set New Growth Cycle | Novozymes, Rizob …
The report offers a holistic view of Biological Organic Fertilizers market through systematic segmentation that covers every aspect of the target market. The Exploration study offers an in-depth assessment of the Biological Organic Fertilizers Market and helps market sharers to gain a solid base in the industry. The primary objective of this report is to provide company officials, industry investors, and industry members with consequential insights to help the users
Global Bio-fertilizers Market Forecast 2017 - 2022 - Novozymes A/S, National Fer …
According to Bio-fertilizers Market Report by Market.Biz: China Bio-fertilizers market sales revenue and India Bio-fertilizers market sales revenue is expected to register CAGRs of --.--% and --.--% respectively over the forecast period. Bio-fertilizers consumption in the ASEAN region's growth rate of --.--% outperforming many countries in the Europe and Americas on Bio-fertilizers scinario. Middle East Bio-fertilizers market and Africa Bio-fertilizers market, followed by Europe are the other attractive regions with