Biofertilizers Market Booming Worldwide with Latest Trend and Future Scope by 2029

The global biofertilizers market is anticipated to grow at a significant CAGR during the forecast period. The major factor that is expected to boost the market includes the increasing usage of microbes in biofertilizers, which proves the potential for sustainable farming methods and food safety. Moreover, the increasing concern with respect to food safety is another factor that is anticipated to propel the growth of the market. Moreover, rising prices of synthetic fertilizers globally backed with consumers' response toward rising prices for synthetically cultivated food products are projected to remain a key factor boosting the consumption of biofertilizers in the coming years. With rapidly rising global population, food scarcity remains a critical issue for governments around the globe. This has led to innovations in terms of product development in bio-based fertilizer sector and promotion of environment-friendly agricultural solutions to the major agrarian economies. This, in turn, is anticipated to augment the demand for biofertilizers for a large number of crop types during the forecast period. 

A biofertilizer is a substance which contains living micro-organisms which, when applied to seeds, plant surfaces, or soil, colonize the rhizosphere or the interior of the plant and promotes growth by increasing the supply or availability of primary nutrients to the host plant. The use of various biofertilizers depending on the soil and crop type promotes healthy development of plants without any adverse effect on human health as well as on the environment, which in turn is expected to augment the growth of the market during the forecast period. Apart from nitrogen-fixing biofertilizers and phosphate solubilizing products, which are the two majorly demanded products globally, multinational companies working in the spectrum are also focusing on mass commercializing potassium mobilizing biofertilizers, zinc solubilizing products, and NPK consortia liquid products, which is a major growth factor for the market. Silicate bacteria are among the most common potassium solubilizing bacteria, which includes Bacillus glucanolyticus, B. mucilaginous, B. circulans, and B. edaphicus.

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Product
By Application 
By Crop Type

Regions covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape: Novozymes A/S, Lallemand Inc., and Agrinos AS, among others. 

Biofertilizers Market Report by Segment

By Product

Nitrogen Fixing
Phosphate Solubilizing

By Application

Seed Treatment
Soil Treatment

By Crop Type

Cereals and Grains
Pulses and Oilseeds
Plantation Crops
Fruits and Vegetables
Others

A full Report of Biofertilizers Market is Available @   https://www.omrglobal.com/industry-reports/biofertilizers-market-overview

 Biofertilizers Market Report by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America 
Middle East & Africa

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