The Organic Advantage: Biofertilizers as the Future of Responsible Agriculture
According to a new market research report titled, 'Biofertilizers Market by Microorganism Type (Nitrogen-fixing Microbes {Rhizobia Bacteria}, Phosphate Solubilizing Microbes), Crop Type (Cereals & Grains, Oilseeds & Pulses), Mode of Application (Seed Treatment, Fertigation), and Form - Global Forecast to 2029,' the biofertilizers market is projected to reach $3.2 billion by 2029, at a CAGR of 11.5% during the forecast period.Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5409
Biofertilizers contain various microbes that can enhance plant nutrient uptake by colonizing the rhizosphere and making the nutrients easily accessible to plant root hairs. Biofertilizers offer a sustainable solution to reduce chemical fertilizer use while meeting the growing population's demand. Applying biofertilizers reduces the impact on soil, air, and water and supplies useful microbes to the soil.
The growth of this market is attributed to the growth in organic farming & the rising demand for organic food, growing concerns regarding environmental safety, increasing government initiatives to promote the use of biofertilizers and market players' increasing focus on inorganic growth strategies. However, the high demand for synthetic fertilizers and the high cost of biofertilizer production may restrain the growth of this market to a certain extent.
Growing Concerns Regarding Environmental Safety to Drive the Growth of the Biofertilizers Market
The global population is growing rapidly; therefore, there is a need to increase agricultural production to fulfill the food requirements of the growing population. The use of chemical fertilizers to enhance agricultural production has become a common practice across the globe. However, there is a rising awareness about the adverse effects of agrochemicals on plant physiology, soil quality, animals, and human beings. Also, their extensive use directly affects the environment as chemical residues from fertilizers may remain in the soil and cause soil pollution, contaminate the surface or groundwater, or get released into the atmosphere through vitalization. Residues left in the soil emit ammonia, methane, nitrous oxide, and elemental nitrogen into the environment.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5409
Agricultural chemicals have been linked to adverse impacts on human health, ranging from short-term impacts such as headaches and nausea to chronic impacts such as cancer, reproductive health conditions, and endocrine disruption. Nitrogen and other chemicals in fertilizers can contaminate groundwater and cause blue baby syndrome after drinking. Therefore, farmers are increasingly adopting biofertilizers as an alternative to chemical fertilizers.
Several organizations such as the Organic Trade Association (OTA), the International Federation of Organic Agriculture Movements (IFOAM), the International Society of Organic Agriculture Research (ISOFAR), the Midwest Organic and Sustainable Education Service (MOSES), the Northeast Organic Farming Association (NOFA), the Organic Federation of Australia (OFA), the Organic Federation of Canada, and the Organic Growers School provide education, resources, and practical advice to create awareness regarding organic farming.
Biofertilizers are formulated using natural plant residues & waste, animal manures & excreta, micro-organisms, and botanical extracts to enhance agricultural production. Biofertilizers decompose quickly without any negative effects on the surface and groundwater; thus, they are less hazardous to living beings. These fertilizers remain effective for a long time and improve the soil structure while increasing its water & nutrient-holding capacity. They are slow-releasing, non-toxic fertilizers that do not leave any residues in the food; hence, they are preferred for producing residue-free agricultural yield. Therefore, factors such as the growing need to increase agricultural production and awareness about the harmful effects of chemical inputs and the benefits of biofertilizers are driving the global demand for biofertilizers.
The global biofertilizers market is segmented by microorganism type (nitrogen-fixing microbes, phosphate solubilizing & mobilizing microbes, potassium solubilizing & mobilizing microbes, other microorganism types), crop type (cereals & grains, oilseeds & pulses, fruits & vegetables, other crop types), mode of application (fertigation, foliar application, seed treatment, other modes of application), and fromulation (dry biofertilizers, liquid biofertilizers). The study also evaluates industry competitors and analyzes the regional and country-level markets.
Quick Buy - Biofertilizers Market - Global Opportunity Analysis And Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/60307605
Based on microorganism type, in 2022, the nitrogen-fixing microbes is expected to account for the largest share of the global biofertilizers market. The large market share of this segment is attributed to the hazards associated with the use of chemical fertilizers, the rising number of initiatives by government agencies along with increasing awareness about the need for sustainability in modern agriculture, the rising adoption of advanced farming with drip irrigation and sprinklers, and the growing health concerns. In addition, nitrogen-fixing microbes are a more economical, ecological, and profitable solution to provide nitrogen to plants contributing to their increased adoption. However, this segment is also projected to register the highest CAGR during the forecast period.
Based on crop type, in 2022, the cereals & grains segment is expected to account for the largest share of the global biofertilizers market. However, oilseeds & pulses segment is projected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the rising demand for organic oilseeds & pulses, the increase in the area under organic oilseed & pulses cultivation, and the rising demand for plant-based foods.
Based on mode of application, in 2022, the seed treatment is expected to account for the largest share of the global biofertilizers market. The large market share of this segment is attributed to the several advantages of seed treatment in biofertilizers, such as increasing seed germination and decreased incidence of foot and root rot. It also helps to solubilize phosphorous in the soil and improve its availability. The increasing use of biofertilizers in seed treatment of cereals such as rice, wheat, sorghum, and maize and oilseeds such as groundnut, sunflower, and soybean are driving the biofertilizers market. However, foliar spray segment is projected to register the highest CAGR during the forecast period.
Based on formulation, in 2022, the dry biofertilizers segment is expected to account for the largest share of the global biofertilizers market. However, liquid biofertilizers segment is projected to register the highest CAGR during the forecast period. The rapid growth of this segment is driven by the benefits offered by liquid biofertilizers, such as high efficiency & absorbability, ease of use, cost-effectiveness, and uniform application.
Based on geography, the biofertilizers market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, North America is expected to account for the largest share of the global biofertilizers market. The large market share of this segment is attributed to the increasing demand for organic products, the increasing health awareness among consumers, the growing acceptance of biofertilizers among rural farmers, continuously growing areas under organic cultivation, and the high adoption rate of advanced irrigation systems, such as drip & sprinkler irrigation for fertigation.
However, Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this regional market is mainly driven by the huge areas under organic cultivation, rapid population & income growth, increasing mechanization and irrigation facilities, and the presence of several organic operators. Furthermore, supportive government policies and initiatives by organizations to promote and expand the organics industry contribute to the growth of the biofertilizers market in this region.
Some of the key players operating in the global biofertilizers market are AgriLife (India), American Vanguard Corporation (U.S.), Chr. Hansen Holding A/S (Denmark), IPL Biologicals Limited (India), Koppert B.V. (Netherlands), Lallemand Inc. (U.S.), Mapleton Agri Biotec Pt Ltd (Australia), National Fertilizers Limited (India), Novozymes A/S (Denmark), Rizobacter Argentina SA (Argentina), Symborg Corporate, SL (Spain), UPL Limited (India), and Vegalab SA (Switzerland).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/biofertilizers-market-5409
Scope of the Report:
Biofertilizers Market, by Microorganism Type
Nitrogen-fixing Microbes
Rhizobia Bacteria
Azospirillum
Other Nitrogen-fixing Microbes
Phosphate Solubilizing & Mobilizing Microbes
Pseudomonas
Bacillus
Other Phosphate Solubilizing & Mobilizing Microbes
Potassium Solubilizing & Mobilizing Microbes
Other Microorganism Types
Biofertilizers Market, by Crop Type
Cereals & Grains
Maize/Corn
Wheat
Rice
Other Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Other Crop Types
Biofertilizers Market, by Mode of Application
Fertigation
Foliar Application
Seed Treatment
Other Modes of Application
Biofertilizers Market, by Formulation
Dry Biofertilizers
Liquid Biofertilizers
Biofertilizers Market, by Geography
North America
U.S.
Canada
Europe
France
Spain
Italy
Germany
U.K.
Rest of Europe
Asia-Pacific (APAC)
China
India
Japan
Australia
South Korea
Rest of APAC (RoAPAC)
Latin America
Brazil
Mexico
Argentina
Rest of Latin America (RoLATAM)
Middle East & Africa
Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5409
About Us
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
Address
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Organic Advantage: Biofertilizers as the Future of Responsible Agriculture here
News-ID: 3386401 • Views: …
More Releases from Meticulous Research
The Cloud Managed Services Market is projected to reach $247.5 billion by 2030
The Cloud Managed Services Market is projected to reach $247.5 billion by 2030, growing at a robust CAGR of 14.2% from 2023 to 2030. This growth is fueled by advancements in cloud technologies, increasing demand in sectors like BFSI and healthcare, and a rising focus on customized and managed cloud services. However, challenges such as high costs, security risks, compliance issues, and limited flexibility may impact market growth.
Download free…
Language Learning Market Projected to Reach $124.6 Billion by 2031
Meticulous Research® recently published a report titled, "Language Learning Market by Age Group (40 years), Language (English, Mandarin, Spanish, French, German, Italian, Japanese), End User (B2C, B2B), and Geography - Global Forecast to 2031."
Download sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=5561
According to the report, the language learning market is anticipated to reach $124.6 billion by 2031, growing at a CAGR of 10.7% from 2024 to 2031. Key factors fueling this growth…
Oncology Information Systems Market to be Worth $4.45 Billion by 2030: Analytica …
Introduction:
Meticulous Research® recently released a comprehensive report titled "Oncology Information Systems Market By Offering (Software, Services) Application (Medical, Surgical, Radiology Oncology) End User (Hospital, Diagnostic Imaging Center, Cancer Care Center) - Global Forecast to 2030." The report reveals that the oncology information systems (OIS) market is projected to reach approximately $4.45 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.4% from 2024. This growth is…
IoT Sensors Market to be Worth $56.8 Billion by 2030
Meticulous Research®-a leading global market research company, published a research report titled, 'IoT Sensors Market by Offering (Image Sensors, RFID Sensors, Biosensors, Humidity Sensors, Optical Sensors, Others), Technology (Wired, Wireless), Sector (Manufacturing, Retail, Consumer Electronics, Others), & Geography - Global Forecast to 2030.'
According to this latest publication from Meticulous Research®, in terms of value, the IoT sensors market is projected to reach $56.8 billion by 2030, at a CAGR of…
More Releases for Biofertilizers
Global Biofertilizers Market 2022 Demand and Scope - AgriLife, CBF China Biofert …
The global markets are being disrupted by the arrival of industry 4.0, which is accompanied by digitalization, automation, and artificial intelligence. Fundamental geopolitical shifts are changing global economic power centers. As a result, thebrainyinsights has launched a research study on the future of the Biofertilizers market for 2022-2030. Significant sociopolitical, economic, technological, environmental, and legal changes continually occur, resulting in new business prospects in the global marketplace. The research experts…
Biofertilizers Market | biofertilizers production,biofertilizers types,biofertil …
An insightful study, titled “Biofertilizers Market” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). The research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report.
Get Free Sample…
Biofertilizers Market Trends 2018 | Key Players are Novozymes, BF China Bioferti …
Biofertilizers Market size will exceed USD 3 billion by 2024; according to a new research report by Global Market Insights, Inc.
Strong demand outlook in the overall agrochemicals industry along with rising adoption for bio based plant growth enhancers will drive the biofertilizers market. Decrease in arable land availability due to excessive synthetic fertilizer consumption will facilitate biofertilizers penetration.
Rising consumer preference for organic food and widespread health awareness trends are key…
Biofertilizers Market Major Players are BF China Biofertilizers AG, Novozymes, A …
Biofertilizers Market size will exceed USD 3 billion by 2024; according to a new research report by Global Market Insights, Inc.
Strong demand outlook in the overall agrochemicals industry along with rising adoption for bio based plant growth enhancers will drive the biofertilizers market. Decrease in arable land availability due to excessive synthetic fertilizer consumption will facilitate biofertilizers penetration.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/112
Rising consumer preference for…
Biofertilizers Market: Nitrogen Fixing Biofertilizers to Rise owing to their Ine …
Bio-fertilizers are micro-organisms that help crop development by increasing the nutrient content of the soil the crops are grown in. Biofertilizers are suitable substitutes to chemical fertilizers, as chemical fertilizers inhibit plant growth along with polluting the environment by the emission of harmful chemicals. In addition, biofertilizers also help destroy hazardous components within the soil and protect plants against drought. All in all, biofertilizers are inexpensive, effective even in semi-arid…
Biofertilizers Global Markets & Advanced Technologies 2025
A recent intelligence study by Transparency Market Research (TMR) suggests that the global biofertilizers market is largely fragmented, though a few companies do hold slightly dominant position via diverse product portfolio and geographical reach. The report identifies Biomax, PotashCorp Agri Life, Italpollina SpA, Bodisen Biotech, Inc., Protan AG , Novozymes A/S , T. Stanes & Company Limited, Gujarat State Fertilizers and Chemicals Ltd., Symborg S.L, Rashtriya Chemicals and Fertilizers Limited,…