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Biofertilizers Market 2023 : Trends, Business Growth And Major Driving Factors | Novozymes A/S, CBF China Bio-Fertilizer AG, SOM Phytopharma (India) Limited (AgriLife), Mapleton Agri Biotec Private Ltd
Biofertilizers Market
Biofertilizers Market Size, Growth Rate, And Forecast
The global biofertilizers market size grew from $1.88 billion in 2022 to $2.14 billion in 2023 at a compound annual growth rate (CAGR) of 13.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The biofertilizers market size is expected to grow to $3.51 billion in 2027 at a CAGR of 13.2%.
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Biofertilizers Market Drivers
The increasing concern for food safety is expected to driving the growth of the biofertilizers market. The right food handling practices used throughout food preparation, processing, storage, and distribution of the items in the food business are referred to as food safety.
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Biofertilizers Market Segments
1) By Product: Nitrogen Fixing, Phosphate Solubilizing, Other Products
2) By Crop Type: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Crop Types
3) By Form: Liquid, Carrier-based
4) By Application: Seed Treatment, Soil Treatment
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Biofertilizers market.
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Biofertilizers Market Key Players
Major players in the biofertilizers market are Novozymes A/S, CBF China Bio-Fertilizer AG, SOM Phytopharma (India) Limited (AgriLife), Mapleton Agri Biotec Private Ltd., Biomax, Symborg SL, National Fertilizers Ltd., Rizobacter Argentina SA, UPL Limited, T. Stanes & Company Limited, Jaipur Bio Fertilizers, Agrinos Inc., LKB BioFertilizer Sdn Bhd and Varsha Bioscience and Technology India Pvt Ltd.
The Business Research Company's "Global Biofertilizers Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Biofertilizers Market Include:
1. Executive Summary
2. Biofertilizers Market Characteristics
3. Biofertilizers Market Trends And Strategies
4. Biofertilizers Market - Macro Economic Scenario
5. Biofertilizers Market Size And Growth
……
27. Biofertilizers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biofertilizers Market
29. Biofertilizers Market Future Outlook and Potential Analysis
30. Appendix
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