|Study Period:||2016 - 2026|
|Fastest Growing Market:||North America|
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The biofertilizers market is projected to grow at a CAGR of 10.1% during the forecast period (2021-2026).
Due to the emergence of the COVID-19 pandemic, there has been a supply chain disruption because of which the agricultural sector had to face problems such as labor unavailability, transportation barriers, restriction for market access, and lack of inventories in some regions which slightly affects the growth of Biofertilizers market.
Increased practice of organic farming, need for improving soil organic matter, and favorable regulatory structure are the major factors driving the market. Also, with the advent of integrated pest management programs that promote the use of biofertilizers, the agriculture sector is expected to witness increased use of biofertilizers.
Scope of the Report
Biofertilizers are defined as substances comprising living microbes, which when applied to seed, plant, and soil, stimulate growth by supplying essential nutrients, such as N, P, and other mineral nutrients. The report provides an in-depth analysis of the various parameters of the global biofertilizers market.
The Biofertilizers Market is segmented by Microorganism (Rhizobium, Azotobacter, Azospirillum, Blue-green Algae, Phosphate Solubilizing Bacteria, Mycorrhiza, and Other Microorganisms), Technology Type (Carrier Enriched Biofertilizers, Liquid Biofertilizers, and Other Technology Types), Application (Seed Treatment and Soil Treatment), and Crop Type (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops and Other Crop Types).
|Phosphate Solubilizing Bacteria|
|Carrier Enriched Biofertilizers|
|Other Technology Types|
|Grains and Cereals|
|Pulses and Oilseeds|
|Fruits and Vegetables|
|Other Crop Types|
Key Market Trends
Rising Organic Farm Land
The rise in demand for organic products is booming, not only due to the increase in conscientious consumers, but also due to rising incomes, along with improved farming practices that make organic yields more robust. As a result, the increasing demand for organic food, worldwide, has increased the area under organic farming. For instance as per the FiBL statistics, the area under global organic farming increased from 58, 090.5 thousand hectares in 2016 to 72,285.6 thousand hectares in 2019. The factor such as increase in organic farming practices resulted in improved soil fertility, along with the extensive usage of organic products, like biofertilizers. This has further triggered the demand for biofertilizer products, as they are organic and help in maintaining the ecological balance.
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Europe Dominates the Biofertilizers Market
Europe is the largest market for biofertilizers and accounted for major share of the global market share in 2020. In Europe, the Germainy, Spain, France holds the largest share, with more than half of the European share. The rise in organic and environment-friendly farming practices has increased the demand for biofertilizer products, particularly in the France and Germany. As per the sustainability strategy of the Germany government, it is planning to convert 20% of the total agricultural land into organic agricultural land by 2030.
The multi advantages of biofertilizers lead to their wide applicability, as well as increased adoption and usage of biofertilizers in sustainable agriculture. The positive agricultural outlook in the country has propelled the demand for bio-based products in the region. The Europe region is expected to retain its market in the coming future, due to the increased use of bio-based crop nutrition products and rising food quality standards.
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The global biofertilizers market is fragmented, with many small and large players present across different geographical regions. Kiwa Bio-Tech Products Group Corporation, Lallemand Inc, Camson Biotechnologies Limited, Agrinos AS and Novozymes A/S are some of the companies in the Biofertilizers market. These players are focusing on the product launches, partnerships and mergers for expanding their presence.
In September 2016, Agrinos opened a new micrrobial crop input production facility in Portand, Oregon
In May 2016, Lallemand Inc. acquired Lage Y Cía, an Uruguay-based company that focuses on the use of yeasts, bacteria, and fungi, for biocontrol and as biostimulants, as well as the usage of biofertilizer agents in agriculture, horticulture, and forestry.
Table of Contents
1.1 Study Deliverables
1.2 Study Assumptions and Market Definition
1.3 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 Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Competitive Rivalry
5. MARKET SEGMENTATION
5.1.4 Blue-green Algae
5.1.5 Phosphate Solubilizing Bacteria
5.1.7 Other Microorganisms
5.2 Technology Type
5.2.1 Carrier Enriched Biofertilizers
5.2.2 Liquid Biofertilizers
5.2.3 Other Technology Types
5.3.1 Seed Treatment
5.3.2 Soil Treatment
5.4 Crop Type
5.4.1 Grains and Cereals
5.4.2 Pulses and Oilseeds
5.4.3 Fruits and Vegetables
5.4.4 Plantation Crops
5.4.5 Other Crop Types
5.5.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 Rest of Europe
184.108.40.206 Rest of Asia-Pacific
5.5.4 South America
220.127.116.11 Rest of South America
18.104.22.168 South Africa
22.214.171.124 Rest of Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Novozymes A/S
6.3.2 Kiwa Bio-Tech Products Group Corporation
6.3.3 Lallemand Inc.
6.3.4 Camson Biotechnologies Limited
6.3.5 Agrinos AS
6.3.6 Criyagen Agri & Biotech Pvt Ltd
6.3.7 Mapleton Agri Biotech Pty Limited
6.3.8 Agri Life
6.3.9 Biomax Naturals
6.3.10 CBF China Bio-Fertilizer AG
6.3.11 National Fertilizer Ltd
6.3.12 Rizobacter Argentina SA
6.3.13 Symborg SL
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 Global Biofertilizers Market market is studied from 2016 - 2026.
What is the growth rate of Global Biofertilizers Market?
The Global Biofertilizers Market is growing at a CAGR of 10.1% over the next 5 years.
Which region has highest growth rate in Global Biofertilizers Market?
North America is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Biofertilizers Market?
Europe holds highest share in 2020.
Who are the key players in Global Biofertilizers Market?
Kiwa Bio-Tech Products Group Corporation, Lallemand Inc., Camson Biotechnologies Limited, Agrinos AS, Novozymes A/S are the major companies operating in Global Biofertilizers Market.