Global Bio Fertilizers Market Research Key Players, Industry Overview, Growth Analysis, Trends, Forecast 2032

The global organic fertilizer market size is estimated at US$ 1.8 billion in 2021 and is expected to grow from US$ 2.02 billion in 2022 to US$ 4.47 billion in 2032, an annual The average growth rate is 12.04%. The global COVID-19 pandemic is unprecedented and staggering, with lower than expected demand for organic fertilizers in all regions compared to pre-pandemic levels. According to our analysis, the global market in 2020 registered a decrease of 7.66% compared to 2019.

Increased demand for organic products leads to increased product acceptance and demand for organic fertilizers. Increased product awareness and acceptance among farmers in both developed and developing countries will have a positive impact on the market. Increasing soil and water pollution from overuse of chemical fertilizers continues to drive the use of organic and sustainable fertilizers. In addition, active involvement of agricultural input manufacturers in increasing production of agricultural biologics including biofertilizers is expected to drive the market growth.

The market is projected to grow continuously in the coming years due to increasing demand for sustainable organic farming and fertilizers compatible with farming practices. These fertilizers are an economical and environmentally friendly option for growing crops. Their acceptance is therefore increasing all over the world. In addition, other aspects such as improved soil fertility, increased uptake of nutrients by plants, and lower risks to human health associated with bio-based fertilizers drive the growth of the global biofertilizer market. are some of the key factors.

Organic farming is he one of the fastest growing farming methods in the world. According to the Institute of Organic Agriculture (FiBL), 72.3 million hectares of agricultural land were grown organically worldwide in 2019. The use of synthetic fertilizers has caused soil contamination and microbial destruction. Organic farming is increasingly being introduced to mitigate increasing soil pollution. Organic farming makes the most efficient use of local resources to improve soil fertility while avoiding pesticides, genetically modified organisms and many synthetic compounds used as food additives. The ever-increasing demand for organic food has led farmers to use compatible bio-based fertilizers for organic food production.

Growing concerns about soil degradation and potential adverse effects on human health from overuse of chemical fertilizers have encouraged governments in various economies to promote biofertilizers. Governments in several agriculture-dominated countries have adopted various plans, programs and other initiatives to encourage farmers to adopt bio-based fertilizers. In addition, many governments have enacted comprehensive economic recovery plans that include new liquidity, tax flexibility, subsidies to the agricultural industry, etc., which are expected to have a positive impact on agricultural growth. I'm here. At the same time, many governments have developed specific agricultural and nutrition programs. For example, in August 2021, Japan's Ministry of Agriculture, Forestry and Fisheries (MAFF) announced its Green Food System Strategy, which includes biopesticides and biological fertilizers as part of technological advances to reduce the use of chemicals and fertilizers in agriculture. He called for the spread of fertilizers.

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Market Segmentation:
By Types
Nitrogen-Fixing
Phosphate-Solubilizing
Potash-mobilizing Bio Fertilizer

By Applications
Cereals & grains
Pulses & oilseeds
Fruits & vegetables

Following are Top Key players Covered in Report:
Novozymes
National Fertilizers
Madras Fertilizers
Gujarat State Fertilizers & Chemicals
Rizobacter
T.Stanes
Camson Bio Technologies
Rashtriya Chemicals & Fertilizers
Lallemand
Nutramax Laboratories
Biomax
Symborg
Ajay Bio-Tech
AgriLife
CBF China Bio-Fertilizer

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Regional Analysis:
1. North America: This region includes countries like the United States and Canada. North America has a significant market for biofertilizers due to the increasing demand for organic food and sustainable agriculture practices. The adoption of biofertilizers by farmers and the presence of major biofertilizer manufacturers contribute to the market growth in this region.

2. Europe: European countries such as Germany, France, Spain, and the United Kingdom have a well-established market for biofertilizers. The European Union promotes organic farming practices, which drive the demand for biofertilizers. The stringent regulations regarding chemical fertilizers also encourage the use of biofertilizers in this region.

3. Asia-Pacific: The Asia-Pacific region, including countries like China, India, Japan, and Australia, is witnessing rapid growth in the biofertilizers market. The increasing population, rising awareness about sustainable agriculture, and government initiatives to promote biofertilizer usage are key factors driving market growth in this region.

4. Latin America: Countries like Brazil, Argentina, and Mexico have a significant market share in the biofertilizers industry in Latin America. The region has a large agricultural sector, and the adoption of biofertilizers is increasing due to their eco-friendly nature and potential to improve soil fertility and crop yield.

5. Middle East and Africa: The biofertilizers market in the Middle East and Africa is gradually gaining traction. Countries like South Africa, Kenya, and Nigeria are witnessing increased adoption of biofertilizers as farmers recognize their benefits in terms of sustainable agriculture and environmental protection.

6. Rest of the World: This category includes regions and countries not covered in the above regions. It may include countries like Russia, Ukraine, and other emerging economies. The biofertilizers market in these regions is influenced by factors such as agriculture practices, government regulations, and awareness about sustainable farming methods.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Bio Fertilizers market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Bio Fertilizers would help in identifying future applications in this market.

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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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