Biofertilizers Market Growth: Emerging Trends, Opportunities & Forecast 2024-2031 | Top key players - Katyani Organics, Peptech Biosciences Ltd., Novozymes, UPL.

The 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.

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

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The Biofertilizers Market focuses on natural fertilizers containing beneficial microorganisms that enhance soil fertility and plant growth by fixing nitrogen, solubilizing phosphorus, and stimulating root development. Used in organic farming, sustainable agriculture, and horticulture, biofertilizers improve crop yield while reducing chemical dependency. Rising demand for eco-friendly farming solutions, soil health improvement, and government support for sustainable agriculture is driving market growth.

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.

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Industry Development:

In September 2022, Corteva, Inc. acquired Symborg, a Murcia, Spain-based expert in microbiological technologies. This acquisition aims to accelerate the development of a best-in-class biological portfolio, strengthening Corteva's position in the agricultural biotechnology sector.

Growth Forecast 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.

Research Process:

Both primary and secondary data sources have been used in the global Biofertilizers Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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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.

Regional Analysis for Biofertilizers Market:

The regional analysis of the Biofertilizers Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ 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

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People Also Ask:

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

➠ Who are the leading manufacturers in the global Biofertilizers industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Biofertilizers industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Biofertilizers market?

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

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