Biofertilizers Market Global 2023-2028 Analysis, Key Players, Size, Share and Future Trends

The biofertilizer market is expected to be valued USD 2.8 billion in 2022 and USD 5.2 billion by 2028, with a CAGR of 10.9% over the forecast period. Biofertilizers are commonly used in organic farming practices. Biofertilizers have been found to be helpful in terms of crop protection and soil fertility. They increase water retention capacity, boost soil fertility, and improve soil structure and texture. They are primarily used to increase crop yield, fix atmospheric nitrogen, and transform inorganic compounds into organic compounds.

Get a Free Sample Copy of the Global Biofertilizers Market Research Report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=214357

The biofertilizers market refers to the market for fertilizers that are derived from natural sources such as microorganisms, plant extracts, and organic matter. These fertilizers are used to enhance soil fertility and plant growth by providing essential nutrients to crops.

The biofertilizers market is driven by several factors, including the increasing demand for organic food products, the growing awareness about the harmful effects of chemical fertilizers on the environment, and the increasing adoption of sustainable agricultural practices.

Some Leading players profiled in this report:

Novozymes (Denmark)
UPL (India)
Chr. Hansen Holding A/S (Denmark)
Syngenta (Switzerland)
T.Stanes and Company Limited (India)
Lallemand Inc. (Canada)
Rizobacter Argentina S.A. (Argentina)
Vegalab SA (Switzerland)

The market for biofertilizers is segmented by type, application, and geography. By type, the market is segmented into nitrogen-fixing, phosphate-solubilizing, and others. By application, the market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.

Direct Purchase of the Global Biofertilizers Market Research Report at https://www.reportsnreports.com/purchase.aspx?name=214357

Asia-Pacific is expected to be the fastest-growing market for biofertilizers, driven by the increasing demand for sustainable agricultural practices in countries such as China and India. North America and Europe are also expected to be significant markets for biofertilizers, driven by the growing awareness about the harmful effects of chemical fertilizers on the environment and the increasing demand for organic food products.

+ 1 347 333 3771
sales@reportsandreports.com

ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.

This release was published on openPR.