Biofertilizers Market Size, Share, Growth,Trends,Industry and Forecast (2024-2031)

The global biofertilizer market has witnessed significant growth and transformations over the years, farmers are highly adopting biofertilizers in various crops as they contain living microorganisms, such as bacteria, fungi, and algae, which enhance nutrient availability and nutrient uptake by plants. Also, they promote the natural processes in the soil that contribute to plant growth. Hence, such factors help in driving the global biofertilizers market growth.Furthermore, many manufacturing companies are launching different products to expand their portfolios, for instance, in August 2023, Bionema Group Ltd., specializing in biocontrol technology, biostimulants, and biofertilizers, launched a new series of biofertilizer products in the United Kingdom. These products are designed for application in agriculture, horticulture, forestry, sports turf, and amenities. Hence, such products can help in increasing the adoption rate of biofertilizers.

Download Free PDF Sample -https://www.datamintelligence.com/research-report/bio-fertilizers-market

Market Dynamics

The demand for chemical-free fertilizers is increasing, for instance, according to the State of BioFertilizers and Organic Fertilizers in India report of 2022, In 2020-21, India produced about 1,34,323 tonnes of carrier-based solid biofertilizers. Tamil Nadu was the biggest producer of carrier-based solid biofertilizers with 48 % of total production in 2020-21.Furthermore, the adoption of biofertilizers is increasing, as these contribute to improving soil health by promoting beneficial microbial activity. They help in maintaining soil structure, increasing water retention, and reducing the need for synthetic chemicals. Hence, such factors can help in increasing the market growth.

To Know More Insights - https://www.datamintelligence.com/research-report/bio-fertilizers-market

Segment Analysis

The mycorrhiza segment holds the maximum share in the global biofertilizers market, farmers are highly adopting these mycorrhiza biofertilizers as they enhance their ability to improve phosphorus uptake by plants, also plants natural defense mechanisms, providing a degree of protection against certain soil-borne pathogens. Hence, such factors can help in increasing the market growth.Furthermore, as the demand for these products is increasing, manufacturers are highly investing in these products, for instance, in August 2022, The Energy and Resources Institute's (TERI) SMART Agrisolutions, Chambal Fertilizers and Chemicals Limited (CFCL) partnered and launched a Uttam Superrhiza, which is a advanced mycorrhizal biofertilizer product. Hence, such products can help in increasing the market growth.

Competitive Landscape

The major global players in the market include Katyani Organics, Peptech Biosciences Ltd., Novozymes, UPL, Chr. Hansen Holding A/S, Lallemand Inc., IPL Biologicals, Gujarat State Fertilizers & Chemicals Limited, BioWorks, Inc., and T.Stanes and Company Limited.

Company Name: DataM Intelligence
Contact Person: Sai.K
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website:https://www.datamintelligence.com/

DataM Intelligence 4Market Research is a Market Research firm that provides end-to-end business solutions to organizations from Research to Consulting. We at DataM Intelligence leverage our top trademark trends, insights, and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of Syndicate Reports & and; Customized Reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries, catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.