Bio-Fertilizers Market is expected to reach $ 16.78 billion by 2032, And Forecast -Novozymes, Biomax, Rizobacter, Agri Life, Symborg, National Fertilizers Limited, Batian, Fertilzer King, Taigu Biological, Taibao Biological, Genliduo Bio-Tech, Jinggeng Ti

The global biofertilizers market size was valued at USD 2.34 billion in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 14.23% from 2021 to 2032. The increasing usage of microbes in biofertilizers proves the potential for sustainable farming methods and food safety. The increasing concern with respect to food safety is expected to drive the market for biofertilizers over the forecast period.

Some of the Major Key players profiled in the study are Novozymes, Biomax, Rizobacter, Agri Life, Symborg, National Fertilizers Limited, Batian, Fertilzer King, Taigu Biological, Taibao Biological, Genliduo Bio-Tech, Jinggeng Tianxia, Beijing Leili Group

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Application Insights
In terms of volume, seed treatment application dominated the market with a share of 73.2% in 2019, majorly driven by the benefits of induced nutritional values in the seeds. Aggressive consumption of synthetic fertilizers and a multitude of other crop care chemicals such as pesticides and insecticides over the past couple of years have led to a substantial deterioration in soil quality across all major agrarian economies. However, several governments have imposed regulations on agricultural sector across all developing and developed economies taking into consideration the environmental hazards caused due to excessive use of chemical products in farming, which is projected to reflect a positive growth trend for biofertilizers in various seed and soil applications across the globe

Global Bio-Fertilizers Market Segmentation:

Bio-Fertilizers Segmentation by Type:

Nitrogen-fixing Fertilizers, Phosphate-solubilizing Fertilizers, Potash-mobilizing Fertilizers.

Bio-Fertilizers Segmentation by Application:

Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables

The development of organic farmland grew exponentially in the region due to increasing awareness among consumers about the benefits associated with organic food consumption and awareness among farming committees about the long-term positive effects of switching from chemical-based crop care products to organic counterparts. With the advancement in microbiology through research & development activities conducted by various agricultural institutions and multinational manufacturers in the region, the U.S. is gradually turning into a hub for organic farming.

The U.S. is a majority stakeholder in the North American organic farming industry. The country recorded a whopping 56% rise in organic farmlands from 2011 to 2016, as cited by the National Agricultural Statistics Services of the U.S. Department of Agriculture. Along with the growing trend of practicing organic harvesting in the country, the U.S. population also reflected a parallel trend of adopting organic food products. The sales of organic food products in the country was marked at USD 7.6 billion in 2016, which is approximately double the sales in 2011, which was valued at USD 3.5 billion.

Asia Pacific is expected to witness a CAGR of 13.1% from 2020 to 2027. Asia Pacific region is a hub for majority of the agrarian economies including India, Thailand, Japan, Malaysia, South Korea, Philippines, and more which are shifting their paradigm towards a more sustainable form of agriculture.

Opportunity: New target markets: Asia Pacific & Africa
The Asia Pacific and African regions are the largest consumers of fertilizers. The increasing rate of population, especially in Asia, has resulted in the increasing demand for food, which would, in turn, lead to the increased consumption of fertilizers. However, the major concerns in this region are pollution and contamination of soil as well as their harmful effects on human beings. To combat the harmful effects of chemical fertilizers, governments in these regions are emphasizing the use of environmental-friendly fertilizers, such as biofertilizers and organic manure.

Key players in the agricultural sector have started investing in biotechnology and software technologies in emerging markets of the Asia Pacific region. For instance, in April 2019, Kiwa Biotech entered into an agreement with Yu Tian Weather Technology Co., Ltd (China). This agreement would focus on resource sharing and cooperation for market development, product upgrades, and service enhancements, based on the technology, products, and services of the two companies.

Key market aspects are illuminated in the report:

Executive Summary: It covers a summary of the most vital studies, the Global Bio-Fertilizers market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Bio-Fertilizers market, the years measured and the study points.

Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.

Manufacture by region: This Global Bio-Fertilizers report offers data on imports and exports, sales, production and key companies in all studied regional markets

Market Segmentation: By Geographical Analysis

The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

The cost analysis of the Global Bio-Fertilizers Market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as Supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.

Key questions answered in the report include:

who are the key market players in the Bio-Fertilizers Market?
Which are the major regions for dissimilar trades that are expected to eyewitness astonishing growth for the Bio-Fertilizers Market?
What are the regional growth trends and the leading revenue-generating regions for the Bio-Fertilizers Market?
What will be the market size and the growth rate by the end of the forecast period?
What are the key Bio-Fertilizers Market trends impacting the growth of the market?
What are the major Product Types of Bio-Fertilizers?
What are the major applications of Bio-Fertilizers?
Which Bio-Fertilizers Services technologies will top the market in next 7 years?
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Table of Contents

Global Bio-Fertilizers Market Research Report 2022 - 2029

Chapter 1 Bio-Fertilizers Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Bio-Fertilizers Market Forecast

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