Biofertilizers Market 2024: Future Scope, Industry Growth, Demand Analysis, and Competitive Regional Analysis Forecast Through 2024-2031 | Katyani Organics, Peptech Biosciences Ltd., Novozymes, UPL, Chr. Hansen Holding

Global Biofertilizer Market reached USD 2.56 billion in 2022 and is expected to reach USD 6.65 billion by 2031, growing with a CAGR of 12.6% during the forecast period 2024-2031.

The Biofertilizers market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://datamintelligence.com/download-sample/biofertilizers-market

The global biofertilizers market has experienced significant growth and evolution in recent years. Farmers are increasingly adopting biofertilizers across various crops due to their ability to enhance nutrient availability and absorption. These products contain living microorganisms, such as bacteria, fungi, and algae, which improve soil health and promote natural processes that support plant growth. Such benefits are key drivers of the market's expansion.

Additionally, manufacturers are continuously introducing new biofertilizer products to strengthen their portfolios. For example, in August 2023, Bionema Group Ltd., a company specializing in biocontrol technology, biostimulants, and biofertilizers, launched a new range of biofertilizers in the United Kingdom. These products are designed for use in agriculture, horticulture, forestry, sports turf, and other applications, contributing to the increasing adoption of biofertilizers.

Among various types, mycorrhiza-based biofertilizers hold the largest market share. Regionally, the Asia-Pacific dominates the global biofertilizers market due to its vast agricultural land. Austria remains the leading consumer, with 427 million hectares dedicated to agriculture.

Forecast Growth Projected:

The Global Biofertilizers Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Biofertilizers Market: 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.

Industry Development:

In September 2022, Corteva, Inc. acquired Symborg, an expert in microbiological technologies based in Murcia, Spain. This acquisition is to accelerate the development of a best-in-class biological portfolio.

Research Methodology

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

Make an Enquiry for purchasing this Report @ https://www.datamintelligence.com/enquiry/biofertilizers-market

Segment Covered in the Biofertilizers Market:

By Microorganisms (Azotobacter, Azospirillum, Cyanobacteria, Mycorrhiza, Phosphate Solubilizing Bacteria, Rhizobium, Others)

By Type (Potash-Mobilizing, Nitrogen Fixation, Phosphate Solubilizing, Others)

By Form (Liquid, Granules, Powder, Others)

By Distribution Channel (E-Commerce, Hypermarkets/Supermarkets, Specialty Stores, Others)

By Crop Type (Fruits and Vegetables, Oilseeds & Pulses, Cereals & Grains, Others)

By Application (Soil Treatment, Seed Treatment, Others)

By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Biofertilizers Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

Speak to Our Senior Analyst and Get Customization in the report as per your requirements: https://datamintelligence.com/customize/biofertilizers-market

Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Biofertilizers market?

➠ Who are the global key manufacturers of the Biofertilizers Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Biofertilizers market opportunities and threats faced by the vendors in the global Biofertilizers Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Biofertilizers market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

Contact Us -

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

About Us -

DataM Intelligence is a Market Research and Consulting 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.