Biofertilizers Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2028: The key players are Sumitomo Chemical Co Ltd and BASF SE.

The prime factors propelling the growth of the biofertilizers market are the rise in organic farming practices and the awareness of food safety among consumers.

As per the report, the biofertilizers market is expected to grow at a steady pace over the forecast period.

Biofertilizers are products produced using living microorganisms whose deployment into soil and seed enhances the quality of crops being cultivated by providing essential nutrients. Increasing incomes, innovative farming methods that boost organic yields, and an increase in environmentally concerned consumers are all factors in the exponential demand for organic goods. The growing demand for organic food worldwide has led to an increase in the area used for organic cultivation. The rise of organic farming practices and the widespread use of organic products like biofertilizers are two practices extensively being used strengthened soil fertility. Consequently, government organizations in different countries are implementing policies to promote the use of biofertilizers. In addition, growing consumer awareness of food safety results in increased consumption of biofertilizers in food cultivation practices. In the food industry, food safety refers to using proper food handling techniques during the production, processing, storage, and distribution of goods. The food supply chain prioritizes the maintenance of food safety due to international concerns over the whole food manufacturing life cycle, ranging from agriculture to final product delivery, which results in efficient food production and necessitates using biofertilizers to promote the growth of food plants.

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The biofertilizers market has been segmented into type, microorganisms, application, crop type, and geography.

Nitrogen-fixing biofertilizers, phosphate solubilizing-biofertilizers, liquid biofertilizers, and others are the market divisions based on the different biofertilizers available in the market.

Based on microorganisms in biofertilizers, the classification has been done into Rhizobium, azotobacter, azospirillum, blue-green algae, mycorrhiza, and others. Mycorrhiza and Rhizobium are two of the commonly used microorganisms in fertilizers, resulting in increased production of such fertilizers by certain companies.

The market has been divided into seed and soil, depending on the application. However, the rising need for enhancing soil fertility to promote the quality of crops being yielded is driving the market for soil biofertilizers since the application of synthetic fertilizers in the past decades has degraded soil fertility.
Crop types segment the market into pulses, grains and cereals, fruits and vegetables, and others. Grains and cereals are one of the most cultivated crop types globally. Hence, the application of biofertilizers in cultivating different types of cereals and grains will increase over the forecast period.
By region, North America is expected to retain a considerable market share due to government initiatives to promote the use of biofertilizers in the region. For instance, the U.S. Department of Agriculture announced a new policy to aid in increasing fertilizer manufacturing activities across the country as a countermeasure to address rising crop prices. In addition, the Organic Trade Association announced that farmers could obtain official certification to prove their crops' organic authenticity, enabling them to earn higher revenue. In addition, the Asia Pacific region will also experience substantial development in biofertilizer consumption owing to the abundance of agricultural activities in several Asian countries such as Japan, India, Indonesia, and China.

As a part of the report, the major players operating in the biofertilizers market that have been covered are IFFCO, Lallemand Inc, Sumitomo Chemical Co Ltd, BASF SE, FMC Corporation, Syngenta AG, Pivot Bio, Rizobacter Argentina SA, Kiwa Bio-Tech Products Group Corporation, and AgroLiquid.

This biofertilizers market has been analyzed into the following segments:

• By Type

o Nitrogen Fixing Biofertilizer
o Phosphate Solubilizing Biofertilizer
o Liquid Biofertilizer
o Others

• By Microorganism

o Rhizobium
o Azotobacter
o Azospirillum
o Blue-green Algae
o Mycorrhiza
o Others

• By Application

o Seed
o Soil
• By Crop Type
o Pulses
o Grains and Cereals
o Fruits and Vegetables
o Others

• By Geography

o North America

• USA
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Italy
• Spain
• Others

o Middle East and Africa

• Saudi Arabia
• UAE
• Others

o Asia Pacific

• China
• Japan
• India
• South Korea
• Australia
• Thailand
• Indonesia
• Taiwan
• Others

Related Reports:

• Fertilizer Market:
https://www.knowledge-sourcing.com/report/fertilizer-market
• Agricultural Biologicals Market:
https://www.knowledge-sourcing.com/report/agricultural-biologicals-market
• Global Agricultural Fumigants Market:
https://www.knowledge-sourcing.com/report/global-agricultural-fumigants-market

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