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Biofertilizers Market Size, Share, Trends Analysis And Forecast 2032| UPL Limited, National Fertilizers Limited, Lallemand, Inc, Novozymes A/S, Chr. Hansen Holding A/S.

12-18-2023 05:23 AM CET | Health & Medicine

Press release from: The Buisness Research Company

Biofertilizers Market

Biofertilizers Market

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The Business Research Company's latest "Global Biofertilizers Opportunities And Strategies Market Report - Forecast To 2032" is the most comprehensive report available in market that will help gain a truly global perspective with data and statistics from over 60 geographies analyzed with more than 7500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth and highlights important trends and strategies that can be adopted to beat the competition in the industry

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The global biofertilizers market reached a value of nearly $1,920.3 million in 2022, having grown at a compound annual growth rate (CAGR) of 10.2% since 2017. The market is expected to grow from $1,920.3 million in 2022 to $3,688.6 million in 2027 at a rate of 13.9%. The market is then expected to grow at a CAGR of 15.6% from 2027 and reach $7,608.7 million in 2032.

Biofertilizers, also known as microbial fertilizers, are substances containing living microorganisms that enhance plant growth and improve soil fertility. These microorganisms include bacteria, fungi, and algae, which have beneficial effects on plants by promoting nutrient uptake, enhancing soil structure, and suppressing plant diseases.

The biofertilizers market consists of sales, by entities (organizations, sole traders and partnerships), of biofertilizers which refers to substances that include live microbes that, when applied to soil, plant surfaces, or seeds, colonize the rhizosphere or inside of the plant and promote development by regulating the availability of primary nutrients to the plant host.
The development of eco-friendly products is emerging as a new trend in the biofertilizers market. Biofertilizers comprise living cells, which are applied either to soil, seed, or seedlings to improve nutrient availability and uptake from the soil making them cost-effective and eco-friendly alternatives to chemical-based fertilizers. For example, in June 2020, the scientists at Bihar Agricultural University (BAU), India, developed four types of eco-friendly liquid biofertilizers (LBFs): S Rhizobium, S PhosphoBactrin, S Nitrofix, and a combination of S PhosphoBantrin and Nitrofix, to increase the agricultural yield of crops, including pulses, vegetables, fruits, and flowers by more than 20%. These are liquid suspensions having useful bacteria (microorganisms) that fix soil nitrogen and dissolve the insoluble phosphates in the soil to make it available for the plants' growth. The objective behind developing the LBFs was to replace chemical fertilizers, which have incalculable harmful effects on soil, causing long-term imbalances in soil pH and agriculture products.

Biofertilizers Market Segmentation:

By Product -
The biofertilizers market is segmented by product into:
a) Nitrogen Fixing
b) Phosphate Solubilizing
c) Other Products

By Crop Type -
The biofertilizers market is segmented by crop type into:
a) Cereals And Grains
b) Oilseeds And Pulses
c) Fruits And Vegetables
d) Other Crop Types

By Form -
The biofertilizers market is segmented by form into:
a) Liquid
b) Carrier-Based

By Application -
The biofertilizers market is segmented by application into:
a) Seed Treatment
b) Soil Treatment
c) Other Applications

Some of the key players involved in the Biofertilizers market are UPL Limited, National Fertilizers Limited, Lallemand, Inc, Novozymes A/S, Chr. Hansen Holding A/S.

The regions covered in the global Biofertilizers market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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A Few Points From The Table Of Content

1. Biofertilizers Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction to the Biofertilizers market
……
25. Key Mergers And Acquisitions In The Biofertilizers Market
26. Market Background: Nursing Care
27. Biofertilizers Market Opportunities And Strategies
28. Biofertilizers Market, Conclusions And Recommendations
29. Appendix

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