Biofertilizer Product Market, Global Outlook and Forecast 2023-2029
A biofertilizer is a substance which contains living micro-organisms which, when applied to seeds, plant surfaces, or soil, colonize the rhizosphere or the interior of the plant and promotes growth by increasing the supply or availability of primary nutrients to the host plant.[1]Biofertilizers add nutrients through the natural processes ofnitrogen fixation, solubilizingphosphorus, and stimulating plant growth through the synthesis of growth-promoting substances. The micro-organisms in biofertilizers restore the soil's naturalnutrient cycleand buildsoil organic matter. Through the use of biofertilizers, healthy plants can be grown, while enhancing the sustainability and the health of the soil. Biofertilizers can be expected to reduce the use of syntheticfertilizersandpesticides, but they are not yet able to replace their use. Since they play several roles, a preferred scientific term for such beneficial bacteria is "plant-growth promoting rhizobacteria" (PGPR)
This report aims to provide a comprehensive presentation of the global market for Biofertilizer Product, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Biofertilizer Product. This report contains market size and forecasts of Biofertilizer Product in global, including the following market information:
- Global Biofertilizer Product Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Biofertilizer Product Market Sales, 2018-2023, 2024-2029, (K Tons)
Global top five Biofertilizer Product companies in 2022 (%)
The global Biofertilizer Product market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Nitrogen Fixing Microbes Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Biofertilizer Product include Novozymes A/S, Vegalab SA, UPL Limited, Chr.Hansen Holding A/S, Kiwa Bio-Tech, Lallemand Inc, Rizobacter Argentina SA, T. Stanes & Company Limited and IPL Biologicals Limited, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Biofertilizer Product manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Biofertilizer Product Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Tons)
Global Biofertilizer Product Market Segment Percentages, by Type, 2022 (%)
- Nitrogen Fixing Microbes
- Phosphate Solublizing and Mobilizing Microbes
- Potassium Solublizing and Mobilizing Microbes
- Others
Global Biofertilizer Product Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Tons)
Global Biofertilizer Product Market Segment Percentages, by Application, 2022 (%)
- Cereals and Grains
- Pulses and Oilseeds
- Fruits and Vegetables
- Other
Global Biofertilizer Product Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Tons)
Global Biofertilizer Product Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Biofertilizer Product revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Biofertilizer Product revenues share in global market, 2022 (%)
- Key companies Biofertilizer Product sales in global market, 2018-2023 (Estimated), (K Tons)
- Key companies Biofertilizer Product sales share in global market, 2022 (%)
key players include:
- Novozymes A/S
- Vegalab SA
- UPL Limited
- Chr.Hansen Holding A/S
- Kiwa Bio-Tech
- Lallemand Inc
- Rizobacter Argentina SA
- T. Stanes & Company Limited
- IPL Biologicals Limited
- Nutramax Laboratories Inc
- Symborg
- Kan Biosys
- Mapleton Agri Biotech Pty Ltd
- Seipasa
- AgriLife
- Manidharma Biotech Pvt Ltd
- Biomax Naturals
- Jaipur Bio Fertilizers
- Valent BioSciences
- Aumgene Biosciences
- Agrinos
- Criyagen
- LKB BioFertilizer
- Varsha Bioscience and Technology India Pvt Ltd
- Valagro
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Biofertilizer Product, market overview.
- Chapter 2: Global Biofertilizer Product market size in revenue and volume.
- Chapter 3: Detailed analysis of Biofertilizer Product manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Biofertilizer Product in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Biofertilizer Product capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
