New Study: Organic Biological-Fertilizer Market 2022 Size, Growth Analysis Report, Forecast to 2028

The global organic biological-fertilizer market is anticipated to grow at a 11.3% CAGR during the forecast period (2022-2028).

Organic farming, which includes organic biological fertilizers as an essential component, has remained a profitable bet for the increasing agricultural business, thanks to the growing attraction of organic food to consumers as a healthy and ethical choice. Organic fertilizers are gaining popularity due to a slew of environmental advantages, including improved soil structure and water conservation. Farmers' growing understanding of the nutritional benefits of plant and animal-based fertilizers, as well as their role in stimulating earthworm growth and other microbiological activities essential for plant growth, is driving biological organic fertilizer usage.

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Animal-based organic fertilizers are gaining popularity over plant-based alternatives due to their superior aeration and water retention characteristics, which improve soil fertility. For instance, Agrilife offers AgriLife Nitrofix a bacterium that fixes nitrogen. It's a helpful bacteria-based biofertilizer that aids in biological nitrogen fixation.

With an expanding number of health-conscious consumers seeking improved food quality and safety, the growing health and wellness trend has been establishing a strong basis for organic foods. This is in line with increased consumer awareness of the negative consequences of foods cultivated with synthetic fertilizers, prompting farmers to seek out organic fertilizer alternatives. For instance, in July 2021 a task group has been formed to analyze the status of biofertilizer and organic fertilizer production and consumption in the country and briefly outline its implications, following a decision made at a meeting of the NITI Aayog. To come up with novel techniques and policies to boost cattle economy and the use of cow dung as a biofertilizer and bio-energy, particularly for gaushalas to turn cattle into economic assets.

Pulses and oilseeds farming also require biological fertilizers. Nitrogen-fixing, phosphate solubilizing, and potash mobilizing are all examples of biological fertilizers. They give crops extra nutrients that help them grow quicker, create higher-quality yields, and so on. The demand for pulses and oilseeds has been a major factor for biofertilizers market growth.

Organic fertilizers are natural ingredients that can be used to improve soil fertility and are produced from biomass, animal, or plant waste. They boost the availability of minerals and other elements that plants need to thrive. The main benefits are reduced greenhouse gas emissions and lower costs for farmers since they don't have to buy chemical fertilizers, which come with other expenditures such as application equipment, transportation, and so on.

The rise of the European organic fertilizer market has been fueled by government backing and increased knowledge of the benefits of utilizing organic fertilizers on human health and soil quality. Furthermore, the implementation of strict limitations on the use of synthetic fertilizers is offering profitable growth opportunities for industry participants. In the European organic fertilizer market, the use of animal waste products as organic fertilizers continues to be a popular alternative.

Some major players in the market include Rizobacter Argentina S.A., Agri Life, Symborg Corp., Novozymes A/S, BIOMAX, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, SYMBORG CORPORATE, SL. offers MBB 10, It works directly by producing an effective rhizospheric microbial flora that ensures the proper development of various crops under intensive agriculture, as well as the selective biotization of poor soils and, as a result, their biological regeneration.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Form
o By Source
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Rizobacter Argentina S.A., Agri Life, Symborg Corp., Novozymes A/S, BIOMAX, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Organic Biological-Fertilizer Market Report by Segment

By Form
• Dry
• Liquid

By Source
• Plant Based
• Animal Based

By Application
• Cereals & Crops
• Oilseeds & Pulses
• Fruits & Vegetables
• Other

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This release was published on openPR.