Global Biofertilizers Market is valued approximately USD 1.7 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 12.80% over the forecast period 2024-2032. Biofertilizers serve as carriers of living microorganisms that, upon application to seeds, plant surfaces, or soil, establish themselves within the rhizosphere or within the plant itself. By augmenting the provision or accessibility of essential nutrients to the host plant, they foster growth. These microorganisms, predominantly comprising bacteria, fungi, or algae, play pivotal roles in nitrogen fixation, phosphorus solubilization, and nutrient mobilization, thereby amplifying both plant development and soil fertility. Additionally, with increasing awareness about environmental sustainability and health concerns related to chemical fertilizers, there's a rising demand for organic farming practices. Biofertilizers align with this trend as they offer a natural and eco-friendly alternative to conventional fertilizers, which anticipated to create the demand for Biofertilizers Market.
Increased awareness among farmers about the benefits of biofertilizers is driving the market growth. As globally growing awareness among farmers about the advantages of using biofertilizers, they are more likely to adopt these products in their farming practices. Also, conventional fertilizers often contain harmful chemicals that can leach into the soil and waterways, causing pollution and environmental damage. Biofertilizers, on the other hand, are environmentally friendly and promote soil health and biodiversity, making them an attractive option for environmentally conscious farmers. However, the Poor infrastructure and high initial investment are expected to hinder the market growth during the forecast period 2024-2032.
The key regions considered for the global Biofertilizers market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America dominated the regional market with largest market share in the biofertilizer market. This dominance underscores the widespread acceptance of biofertilizers within the agriculture sector and among key stakeholders in the region. The remarkable growth of North America's biofertilizer market can be attributed to several pivotal factors, including the escalating demand for organic products. Presently, consumers are increasingly embracing plant-based alternative proteins as sustainable and environmentally responsible choices, thereby propelling the need for safe and economical agricultural inputs to meet evolving consumer preferences. Significantly, the organic industry in the United States stands out as the fastest-growing agriculture sector. According to statistics from the World Trade Magazine, the sale of organic food products in the U.S. surpassed USD 60 billion in 2022, exemplifying the substantial growth trajectory of the organic market. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period.
Major market player included in this report are:
- CBF China Biofertilizers
- Novozymes A/S
- Mapleton Agri Biotec
- Rizobacter Argentina SA
- Symborg S.L.
- National Fertilizers Ltd.
- Antibiotice S.A.
- Lallemand Inc.
- Labiofam SA
- Sigma Agri-Science, LLC
The detailed segments and sub-segment of the market are explained below:
By Product
- Nitrogen Fixing
- Phosphate Solubilizing
- Others
By Application
- Seed Treatment
- Soil Treatment
By Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market
Table of Contents
Chapter 1. Global Biofertilizers Market Definition and Research Assumptions
- 1.1. Research Objective
- 1.2. Market Definition
- 1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
- 1.3.3.1. Availability
- 1.3.3.2. Infrastructure
- 1.3.3.3. Regulatory Environment
- 1.3.3.4. Market Competition
- 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
- 1.3.4.1. Regulatory frameworks
- 1.3.4.2. Technological Advancements
- 1.3.4.3. Environmental Considerations
- 1.3.4.4. Consumer Awareness & Acceptance
- 1.4. Estimation Methodology
- 1.5. Years Considered for the Study
- 1.6. Currency Conversion Rates
Chapter 2. Executive Summary
- 2.1. Global Biofertilizers Market Size & Forecast (2022- 2032)
- 2.2. Regional Summary
- 2.3. Segmental Summary
- 2.3.1. By Product
- 2.3.2. By Application
- 2.3.3. By Crop Type
- 2.4. Key Trends
- 2.5. Recession Impact
- 2.6. Analyst Recommendation & Conclusion
Chapter 3. Global Biofertilizers Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Challenges
- 3.3. Market Opportunities
Chapter 4. Global Biofertilizers Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Biofertilizers Market Size & Forecasts by Product 2022-2032
- 5.1. Nitrogen Fixing
- 5.2. Phosphate Solubilizing
- 5.3. Others
Chapter 6. Global Biofertilizers Market Size & Forecasts by Application 2022-2032
- 6.1. Seed Treatment
- 6.2. Soil Treatment
Chapter 7. Global Biofertilizers Market Size & Forecasts by Crop Type 2022-2032
- 7.1. Cereals & Grains
- 7.2. Oilseeds & Pulses
- 7.3. Fruits & Vegetables
- 7.4. Others
Chapter 8. Global Biofertilizers Market Size & Forecasts by Region 2022-2032
- 8.1. North America Biofertilizers Market
- 8.1.1. U.S. Biofertilizers Market
- 8.1.1.1. Product breakdown size & forecasts, 2022-2032
- 8.1.1.2. Application breakdown size & forecasts, 2022-2032
- 8.1.1.3. Crop Type breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Biofertilizers Market
- 8.2. Europe Biofertilizers Market
- 8.2.1. U.K. Biofertilizers Market
- 8.2.2. Germany Biofertilizers Market
- 8.2.3. France Biofertilizers Market
- 8.2.4. Spain Biofertilizers Market
- 8.2.5. Italy Biofertilizers Market
- 8.2.6. Rest of Europe Biofertilizers Market
- 8.3. Asia-Pacific Biofertilizers Market
- 8.3.1. China Biofertilizers Market
- 8.3.2. India Biofertilizers Market
- 8.3.3. Japan Biofertilizers Market
- 8.3.4. Australia Biofertilizers Market
- 8.3.5. South Korea Biofertilizers Market
- 8.3.6. Rest of Asia Pacific Biofertilizers Market
- 8.4. Latin America Biofertilizers Market
- 8.4.1. Brazil Biofertilizers Market
- 8.4.2. Mexico Biofertilizers Market
- 8.4.3. Rest of Latin America Biofertilizers Market
- 8.5. Middle East & Africa Biofertilizers Market
- 8.5.1. Saudi Arabia Biofertilizers Market
- 8.5.2. South Africa Biofertilizers Market
- 8.5.3. Rest of Middle East & Africa Biofertilizers Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. CBF China Biofertilizers
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Market Strategies
- 9.3.2. Novozymes A/S
- 9.3.3. Mapleton Agri Biotec
- 9.3.4. Rizobacter Argentina SA
- 9.3.5. Symborg S.L.
- 9.3.6. National Fertilizers Ltd.
- 9.3.7. Antibiotice S.A.
- 9.3.8. Lallemand Inc.
- 9.3.9. Labiofam SA
- 9.3.10. Sigma Agri-Science, LLC
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes