Biofertilizers Market - Global Industry Analysis, Market Size, Opportunities, And Forecast 2022 - 2031

The global biofertilizers market report by the business research company identifies increasing concern for food safety is expected to be a major growth driver for the biofertilizers market. The right food handling practices used throughout food preparation, processing, storage, and distribution of the items in the food business are referred to as food safety. All aspects of the food supply chain are concerned about the integrity of food safety. From agriculture to final product packaging and delivery to the consumer's table, the food manufacturing life cycle is a source of concern. The rising concern for food safety calls for food production with maximum output which in turn demands a need for biofertilizers to promote higher growth of food plants. For instance, in November 2020, an annual poll found that global concern over food safety and future food supplies has increased. The United States was one of nine countries that took part in the study. Concerns regarding food safety and future food supply have increased by 10% as per the 13th edition of the Tetra Pak Index, with 40% of respondents rating these themes among their top three most concerning issues, up from 30% in 2019. Moreover, half of those polled feel that manufacturers are responsible for improving food safety, followed by governments. In France, six out of ten people are concerned about the sanitary and safety of the food they purchase. Three-quarters of Chinese people are worried about how food and beverages are produced. Eight out of ten Nigerians want producers to prioritize food safety. Therefore, the increasing concern for food safety is driving the market for biofertilizers.

The global biofertilizers market size is expected to grow from $1.65 billion in 2021 to $1.85 billion in 2022 at a compound annual growth rate (CAGR) of 12.39%. The global biofertilizer market size is expected to grow to $2.91 billion in 2026 at a CAGR of 11.94%.

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Asia-Pacific was the largest region in the biofertilizers market in 2021. North America is expected to be the fastest-growing region in the global biofertilizers market during the forecast period. The regions covered in the global biofertilizer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the organic food market are Novozymes A/S, CBF China Bio-Fertilizer AG, SOM Phytopharma (India) Limited (AgriLife), Mapleton Agri Biotec Private Ltd, Biomax, Symborg SL, National Fertilizers Ltd, Rizobacter Argentina SA, UPL Limited, T. Stanes & Company Limited, Jaipur Bio Fertilizers, Agrinos Inc, LKB BioFertilizer Sdn Bhd and Varsha Bioscience and Technology India Pvt Ltd.

The global biofertilizers market is segmented -
1) By Product: Nitrogen Fixing, Phosphate Solubilizing, Others
2) By Crop Type: Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others
3) By Form: Liquid, Carrier-Based
4) By Application: Seed Treatment, Soil Treatment

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The Biofertilizers Market Report Contents Include
1. Executive Summary
2. Biofertilizers Market Characteristics
3. Biofertilizers Market Trends And Strategies
4. Impact Of COVID-19 On Biofertilizers
5. Biofertilizers Market Size And Growth
....
28. Key Mergers And Acquisitions In The Biofertilizers Market
29. Biofertilizers Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the biofertilizers market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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