Press release
Biofertilizers Market Size To Exceed US$12.08 billion by 2031, CAGR Of 10.7%, | Symborg, Biomax Green Pte Ltd, LABIOFAM S.A.
Biofertilizers Market
Biofertilizers are microbial inoculants used to enhance the nutrient quality and availability in soil or help in solubilization of nutrients from soil that can be easily absorbed by plants. Biofertilizers containing microorganisms such as nitrogen fixing, phosphate solubilizing or mobilizing and potash mobilizing bacteria are used in organic farming.
Market Dynamics:
The biofertilizers market is expected to witness significant growth over the forecast period owing to increasing demand for organic food products and growing awareness about environmental protection and sustainability among farmers and consumers across the globe. The growing organic farmland and shift towards organic farming practices are two major drivers expected to fuel the demand for biofertilizers. Government support in the form of subsidies for organic fertilizers and banning of chemical fertilizers in several countries will further propel the biofertilizers market growth during the forecast period.
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1 Emerging Countries Present Lucrative Market Opportunities
The biofertilizers market sees prolific growth opportunities in emerging countries that are major agricultural producers but still rely heavily on chemical inputs. Nations like India, China, Brazil, Indonesia, and others offer substantial prospects for biofertilizer companies given their huge cultivable land and growing organic farming sector. These developing economies are also witnessing rapid urbanization with rising disposable incomes. This is propelling healthy demand for nutrient-rich organic foods, augmenting the sales of biofertilizers. Additionally, several governments provide financing, subsidies and incentives to promote the adoption of eco-friendly fertilizers. They also implement strict regulations against hazardous chemical fertilizers. These favorable regulatory policies and financial support programs create a conducive environment for biofertilizer companies to expand into emerging markets.
2 Advancements in Microbial Technology Shape Market Trends
Continuous research and developments in microbial technology are shaping new trends in the biofertilizers industry. Companies are innovating novel biofertilizer formulations with diverse mixtures of beneficial microbes tailored for various crops and soil conditions. Advancements enable enhancing the survival and performance of microorganisms under different climatic conditions. Scientists are also exploring new bacteria and fungi species with nitrogen fixation, phosphorous solubilization and plant growth stimulation properties. Technologies like encapsulation and bioformulation improve microbial shelf life and ease of application. On the manufacturing front, automation and large-scale production methods are lowering costs. Such technological innovations are improving the efficacy, environmental friendliness and affordability of biofertilizers. They are expanding their applications in mainstream agriculture and specialty horticulture crops.
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Top Companies Featured in This Report:
★ Symborg
★ Biomax Green Pte Ltd
★ LABIOFAM S.A.
★ National Fertilizers Ltd.
★ AgriLife
★ Kiwa Bio-Tech
★ Mapleton Agri Biotec Pty Ltd.
Market Segmentation:
By Product Type:
★ Cereals & Grains
★ Pulses & Oilseeds
★ Fruits & Vegetables
★ Solid
★ Liquid
★ Nitrogen-fixing
★ Phosphate-solubilizing
★ Potash-mobilizing
★ Others
By Applications:
★ Seed Treatment
★ Soil Treatment
★ Others
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Biofertilizers Market Competition Landscape by Players
Chapter 4: Assessment of Biofertilizers Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Biofertilizers sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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