Biofertilizers Market Anticipated to Generate $5.2 Billion Revenue by 2031, with a 12.2% CAGR- Predicts Transparency Market Research

The global Biofertilizers market is estimated to attain a valuation of US$ 5.2 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 12.2% during the forecast period, 2021-2031.

The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the Biofertilizers industry. The current and historical status of the market together with forecasted market size and trends are demonstrated in the assessment in simple manner. In addition, the report delivers data on the volume, share, revenue, production, and sales in the market.

Request for a sample of this research report at (Use Corporate Mail Id for Quick Response) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=861

The report by TMR is the end-product of a study performed using different methodologies including the Biofertilizers Market: Dynamics

Biofertilizers are substances that make use of the living microorganisms and are applied to seed, plant surfaces, or soil. They promote the growth of the plants by supplying adequate amount of nutrients and thus, improve the quality and yield of crops. The three major biofertilizers existing in the market are nitrogen fixing biofertilizers, phosphate mobilizing biofertilizers, and potassium mobilizing biofertilizers. Biofertilizers add nutrients through the natural processes of fixing atmospheric nitrogen, solubilizing phosphorous, and stimulating plant growth through the synthesis of growth promoting substances. Benefits of biofertilizers include longer shelf life, less contamination, better survival on seeds and soil, high commercial revenues, and export potential.

Biofertilizers help increase the nutrient-absorbing surface area beyond the depletion zone of the root. Different kinds of soil microorganisms belonging to several taxa of the bacteria, fungi, and protozoa kingdoms, colonizing the rhizosphere or the plant tissues and promoting plant growth, can be utilized for the production of biofertilizers.

Developing tendency toward natural vegetables and organic products inferable from developing mindfulness about their advantages; and rise in per capita pay of individuals are factors boosting the global biofertilizers market.

The global cereals & grains segment is expected to expand considerably during the forecast period. Thus, rise in production of cereals and grains is projected to boost the demand for biofertilizers during the forecast period.

Manufacturers are focusing on the cereals & grains segment, as the share held by this segment in the biofertilizers market is likely to increase during the forecast period.

Buy this Premium Research Report | Immediate Delivery Available at - https://www.transparencymarketresearch.com/checkout.php?rep_id=861<ype=S

Biofertilizers Market: Prominent Regions

North America holds the major share of the global biofertilizers market. The market in the region is anticipated to expand at a CAGR of more than 11.8% during the forecast period. Increase in demand for biofertilizers in various applications such as cereals & grains, fruits & vegetables, and oil seeds & pulses is driving the biofertilizers market in North America. The U.S. is a key country of the biofertilizers market in North America. It held significant share of the biofertilizers market in North America in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.

Asia Pacific is also a prominent region of the global biofertilizers market. China led the biofertilizers market in Asia Pacific in 2020. Increase in demand biofertilizers in cereals & grains and fruits & vegetables is driving the biofertilizers market in China.

The list of key players operating in the Biofertilizers market includes following names:

Novozymes A/S,Gujarat State Fertilizers and Chemicals Ltd.,Agri Life,Rashtriya Chemicals and Fertilizers Limited,Italpollina SpA,Rizobacters Argentina S.A.,T. Stanes & Company Limited,Symborg S.L.,Biomax,Bio Protan,Mapleton Agri Biotech Pty Ltd.,Camson Biotechnologies Limited,Terra Max Inc,Bodisen Biotech Inc.,National Fertilizer Limited

Request for customization of this research report at - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=861

Global Biofertilizers Market: Segmentation

Biofertilizers Market, by Product

Nitrogen Fixing
Phosphate Mobilizing
Potassium Mobilizing

Biofertilizers Market, by Application

Cereals & Grains
Fruits & Vegetables
Oil Seeds & Pulses
Others (including Nursery and Turf)

Biofertilizers Market, by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa

More Trending Reports by Transparency Market Research -

https://www.globenewswire.com/news-release/2023/02/14/2608063/0/en/Neonatal-Ventilators-and-Incubators-Market-to-Exceed-US-1-6-Billion-by-2031-Transparency-Market-Research-Inc-Study.html

https://www.globenewswire.com/news-release/2023/02/14/2607990/0/en/Refurbished-Dental-Lab-Equipment-Market-to-Reach-US-6-8-Billion-by-End-of-2031-Transparency-Market-Research-Inc.html

https://www.globenewswire.com/news-release/2023/02/14/2607631/0/en/Electric-Bug-Zapper-Market-Value-to-reach-US-93-4-million-by-2031-Transparency-Market-Research-Inc.html

https://www.globenewswire.com/news-release/2023/02/14/2607415/0/en/Electronics-Electrical-Ceramics-Market-to-Grow-at-a-CAGR-of-5-3-during-the-Forecast-Period-2022-2031-TMR-Study.html

Contact Us

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

This release was published on openPR.