Biofertilizers Market Size, Demand, Growth, COVID 19 Impact Analysis, Share, Revenue and Forecast 2031 | Key Players: Novozyme, National Fertilizers Limited, Agri Life, Camson Bio Technologies Limited

Global Biofertilizers Market report from Global Insight Services is the single authoritative source of intelligence on Biofertilizers Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Biofertilizers are organic materials that are used to add nutrients to the soil. They are often made from plant materials or animal manure and can be used to improve the soils fertility and health. Biofertilizers can also help to increase crop yields and improve the quality of the crops.

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Key Trends

There are several key trends in biofertilizers technology. One is the development of more efficient fermentation processes. This has led to the production of more potent biofertilizers, which are able to provide plants with higher levels of nutrients. Another trend is the development of new delivery systems, such as granular or liquid formulations, which make it easier to apply biofertilizers to crops. Finally, there is an increasing focus on the use of organic matter, such as manure, as a source of nutrients for plants. This is because organic matter is more environmentally friendly than synthetic fertilizers.

Key Drivers

The key drivers of the biofertilizers market are the increasing awareness about the benefits of biofertilizers, the need for sustainable agriculture, and the government support for the use of biofertilizers.

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Biofertilizers are increasingly being recognized as a viable alternative to chemical fertilizers, due to their environmental friendliness and potential to improve soil health. The use of biofertilizers can help farmers reduce their reliance on chemical fertilizers, which can be costly and harmful to the environment. In addition, biofertilizers can improve soil health by providing essential nutrients and increasing soil organic matter content.

The need for sustainable agriculture is another key driver of the biofertilizers market. With the world's population projected to reach 9 billion by 2050, there is a need to increase food production in a sustainable manner. The use of biofertilizers can help farmers meet this demand in a sustainable way, by reducing the use of chemical fertilizers and improving soil health.

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Market Segments

The Biofertilizers Market is segmented by product type, microorganism type, application, crop type, and region. By product type, it is segmented into nitrogen fixing biofertilizers, phosphorus biofertilizers, compost biofertilizers, and liquid biofertilizers. By microorganism type, it is divided into Rhizobium, Azotobacter, Azospirillum, blue-green algae, Mycorrhiza, phosphate solubilizing bacteria, and other microorganisms. By application, it is segregated into seed treatment, soil treatment, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and the Rest of the World.

Key Companies

Top key players in Biofertilizers Market are Novozyme, National Fertilizers Limited, Agri Life, Camson Bio Technologies Limited, Kiwa Bio-Tech Products group Corporation, Lallemand Inc, Rizobacter Argentina S.A, Monsanto BioAg, Agrinos AS and Mapleton Agribiotech.

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