2016 - 2026
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The biological organic fertilizer market is projected to grow at a CAGR of 13.3% during the forecast year (2021-2026). The COVID-19 pandemic has impacted the biological organic fertilizer market, resulting in the slow growth of the market during the forecast period. With the effective policies from the government and implementation of suitable practices can help companies to gain profits post the immediate effects of the pandemic. The increased practice of organic farming is one of the major factors behind the growth of the biological organic fertilizer market. The emphasis on sustainable farming and government support to the manufacturers are two other factors that are augmenting the growth of the market. Asia-Pacific and Europe are the largest markets followed by North America. In middle-east and Africa, there has been a development of a new biofertilizer by Iranian researchers at the Agricultural Research, Education, and Extension Organization (AREEO), from the sulfur removed from refining oil and gas.
Scope of the Report
Organic fertilizers are derived from many animal and plant-based residues and mineral ores; they are also developed from beneficial microorganisms. Biofertilizers or microbial inoculants are carrier-based ready-to-use live bacterial or fungal formulations, which on application to plants, soil or composting pits, helps in mobilization of various nutrients by their biological activity. Biological organic fertilizers add nutrients through the natural processes of fixing atmospheric nitrogen, solubilizing phosphorus and stimulating plant growth through the synthesis of growth-promoting substances. Biological Organic Fertilizers Market is segmented by type into the microorganism and organic residues, by application into grains and cereals, pulses and oilseeds, fruits and vegetables, commercial crops, and turf and ornamentals, and by geography into North America, Europe, Asia-Pacific, South America, and Africa.
|Grains and Cereals|
|Pulses and Oilseeds|
|Fruits and Vegetables|
|Turf and Ornamentals|
Key Market Trends
Increasing demand for quality and higher crop yields
As per the report published by the Food and Agriculture Organization (FAO), the land equipped for irrigation is expected to expand by 32.0 million hectares (11.0%), while harvested irrigated land is expected to expand by 17.0% by 2050. These scenarios are expected to be witnessed in developing countries, which is leading to an insufficient nutrient supply to the crops. This, in turn, is resulting in a lower yield of crops, along with a decline in the quality of the final product. The growing population across the world is leading to a decline in the proportion of arable land, which is primarily used to produce food. This is necessitating cultivation in poor soils. The application of biological organic fertilizers helps in enhancing the yield and the quality of the soil. Therefore, the application of biological organic fertilizers is expected to improve the bioavailability of all kinds of nutrients. This, in turn, is expected to contribute to productivity, nutrient content, and profitability. Moreover, biological organic fertilizers are less reactive to soil conditions and can significantly enhance nutrient uptake and utilization efficiencies. This is expected to improve the quality of the crop. When biological organic fertilizers are properly used to replenish nutrients removed in previous crops, they are expected to improve the productivity of farms. An increase in farm productivity is beneficial to the environment, primarily due to the lower requirement of land, labor, and energy per unit of output. Owing to the increasing organic area under cultivation, coupled with the increasing demand for good-quality crop, the cultivators are expected to use biological organic fertilizers, instead of excessive synthetic fertilizers.
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Asia Pacific is the fastest growing market
The Asia-Pacific organic fertilizers market is divided into two major segments namely organic residue-based fertilizers and microorganisms (biofertilizers) depending on the source of nutrients and raw materials. More than half of the market share is covered by microorganism-based organic fertilizers. The consumption of organic fertilizers in Asia-Pacific is expected to increase with rising awareness among the farmers about the benefits of bio-based and organic residue-based fertilizers. The regional demand is concentrated among major agriculture-based countries like China, India, and Vietnam while China and India are leading the market developments. According to the Australian Organic Limited, the growing consumer consciousness around health and wellbeing, as well as increasing demand from China for Australia’s organic produce, is driving the organic market in the country. This is expected to boost the demand for organic fertilizer in the country. The organic fertilizer market in Asia-Pacific is the fastest-growing among all the other regions. The key players in the market are focused on new product launches to cater to a wider consumer base and expand market share in the local market.
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The biological organic fertilizer market is fragmented owing to the presence of large international as well as regional players in the market. Collaborations with government organizations and expansion in the market along with product innovation are some of the strategies adopted by the companies. Rizobacter Argentina S.A, Lallemand, and National Fertilizers Limited are some of the leading market players in the biofertilizer market. The biofertilizer market being unregulated is the reason why there are many small companies in the market. Once proper regulations are put in place, it is highly likely that the market will be consolidated among a few companies in the coming years. Accleron BioAg is a major company, which is rapidly expanding its products and market presence. The company is expected to gain a major share in the market in the next few years.
- In May 2019, Agrinos entered into a distribution partnership with Agrofértil Camelo, a leading provider of sustainable agriculture solutions to growers in the Brazilian state of Ceará.
- In May 2018, Rizobacter invested USD 2.0 million in the improvement of its logistic and operational security system, as part of the strategic plan traced by the company for 2021/2022, motivated by its entry into the global market and by the Argentinean demand.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
188.8.131.52 Blue-green Algae
184.108.40.206 Phosphate Solubilizing Bacteria
220.127.116.11 Other Microorganisms
5.1.2 Organic residues
18.104.22.168 Green Manure
22.214.171.124 Fish Meal
126.96.36.199 Bone Meal
188.8.131.52 Oil Cakes
5.2.1 Grains and Cereals
5.2.2 Pulses and Oilseeds
5.2.3 Fruits and Vegetables
5.2.4 Commercial Crops
5.2.5 Turf and Ornamentals
5.3.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
5.3.3 Asia Pacific
126.96.36.199 Rest of Asia-Pacific
5.3.4 South America
188.8.131.52 Rest of South America
184.108.40.206 South Africa
220.127.116.11 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Rizobacter Argentina S.A.
6.3.2 Lallemand Inc.
6.3.3 National Fertilizers Limited
6.3.4 Madras Fertilizers Limited
6.3.5 Gujarat State Fertilizers & Chemicals Ltd
6.3.6 T Stanes & Company Limited
6.3.7 Camson Bio Technologies Limited
6.3.8 Rashtriya Chemicals & Fertilizers Ltd
6.3.12 Agri Life
6.3.13 Premier Tech
6.3.14 Biofosfatos do Brasil
6.3.15 Kiwa Bio-Tech Products Group Corporation
6.3.16 Protan AG
6.3.17 Mapleton Agri Biotech Pty Limited
6.3.18 Bio Nature Technology PTE Ltd.
6.3.20 CBF China Biofertilizer AG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Biological Organic Fertilizer Market market is studied from 2016 - 2026.
What is the growth rate of Biological Organic Fertilizer Market?
The Biological Organic Fertilizer Market is growing at a CAGR of 13.3% over the next 5 years.
Which region has highest growth rate in Biological Organic Fertilizer Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Biological Organic Fertilizer Market?
North America holds highest share in 2020.
Who are the key players in Biological Organic Fertilizer Market?
- National Fertilizers Limited
- Madras Fertilizers Limited
- Agri Life
- Rizobacter Argentina S.A
- Gujarat State Fertilizers and Chemicals Ltd (GSFC)
Are the major companies operating in Biological Organic Fertilizer Market.