Market Share of South America Biofertilizers Industry
The biofertilizer market in South America is highly fragmented, with the top seven market players accounting for a small share of the market, owing to the presence of large international and local markets. Collaborations with government organizations, expansions in the market, and product innovations are some of the strategies adopted by the companies. For instance, the company Rizobacter Argentina S.A.invests around 30% of its profit earnings in R&D activities while a total of 49 projects are still under development. It has nine subsidiaries, including those in Bolivia, Brazil, Paraguay, Colombia, and Uruguay.
South America Biofertilizer Market Leaders
Nutrien Ltd
Agrinos AS
Lallemand Inc.
Rizobacter Argentina SA
Novozymes A/S
*Disclaimer: Major Players sorted in no particular order
