Biofertilizers Market by Type (Composting Accelerators, Nitrogen Fixing Biofertilizers, Phosphorus Solubilizing Biofertilizers), Microorganism Type (Algal, Bacterial, Fungal), Form, Crop Type, Application - Global Forecast 2024-2030

Biofertilizers Market by Type (Composting Accelerators, Nitrogen Fixing Biofertilizers, Phosphorus Solubilizing Biofertilizers), Microorganism Type (Algal, Bacterial, Fungal), Form, Crop Type, Application - Global Forecast 2024-2030

The Biofertilizers Market size was estimated at USD 5.07 billion in 2023 and expected to reach USD 5.60 billion in 2024, at a CAGR 10.73% to reach USD 10.36 billion by 2030.

Global Biofertilizers MarketBiofertilizers contain living microorganisms that significantly promote plant growth, by increasing nutrient supply, root area or root biomass, and nutrient uptake capacity of the plants. Biofertilizers add nutrients to the plants through the natural processes of fixing atmospheric nitrogen, solubilizing phosphorus, and stimulating plant growth by synthesizing growth-promoting substances. Biofertilizers' potential benefits compared to chemical fertilizers and increasing demand from the organic industry accelerate the use of biofertilizers. In addition, a surge in increased fruit output, high-quality fruits, decreased input costs, and increased soil organic content promoting the use of biofertilizers. Furthermore, the lack of infrastructure & need for high initial investment limits the biofertilizers market growth. Biofertilizer products have a limited shelf-life, run an increased risk of contamination, and can be affected by soil temperature, pH, and biofertilizer source and species. Emerging adoption of precision farming, modern agriculture techniques, and investment & implementation of biofertilizers in developing economies create opportunities for the market.Regional InsightsThe increase in the American consumer's adoption of organically grown foods is driving the market for biofertilizers. The government is taking initiatives for farming practices in the American region which bring significant changes in agricultural methods & trends. The European Council finalized a 20% reduction in greenhouse gasses and 20% of energy obtained from renewable sources. This initiative increases the demand for biofertilizers across the European market. Furthermore, the European Commission and the U.S. Environmental Protection Agency made regulations to enhance the production of naturally derived agricultural products to alleviate the growing concerns regarding greenhouse gas emissions. Asia-Pacific countries implemented organic harvesting national standards & regulations and promoted the research, development, and commercialization of biofertilizers and biopesticides. Moreover, the Government of India supports organic farming by providing subsidies for new biofertilizers & biopesticide units. Similarly, China has launched the zero growth on chemical fertilizer and pesticide action plan to reduce the use of synthetic pesticides and fertilizers.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Biofertilizers Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Biofertilizers Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Biofertilizers Market, highlighting leading vendors and their innovative profiles. These include AgriLife, Agrinos AS by American Vanguard Corporation, Andermatt Biocontrol Suisse AG, ASB Grünland Helmut Aurenz GmbH, BASF SE, Bayer AG, Biomaxnaturals, BioWorks, Inc., Bloomfield Agro Products Pvt. Ltd., Bunge Limited, Certis Biologicals by Mitsui & Co., Ltd., Criyagen, EuroChem Agro GmbH, IPL Biologicals Limited, Israel Chemicals Ltd., Jaipur Bio Fertilizers, Kiwa Bio-Tech Products Group Corporation, Lallemand Inc., Manidharma Biotech Private Limited, Mapleton Agri Biotec Pt Ltd, MC Ferticom Co., Ltd., National Fertilizer Limited, Novozymes A/S, Rizobacter Argentina S.A, SEIPASA, S.A., SYMBORG CORPORATE, SL., Syngenta Crop Protection AG, UPL Limited, and Vegalab SA.

Market Segmentation & Coverage



This research report categorizes the Biofertilizers Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Composting Accelerators
Nitrogen Fixing Biofertilizers
Phosphorus Solubilizing Biofertilizers
Potassium Solubilizing Biofertilizers
Microorganism Type
Algal
Azolla
Blue Green Algae (BGA)
Bacterial
Azospirillum
Azotobacter
Phosphobacteria
Rhizobium
Fungal
Mycorrhiza
Form
Carrier Enriched Biofertilizers
Liquid Biofertilizers
Crop Type
Fruits & Vegetables
Grains & Cereals
Plantation Crops
Pulses & Oilseeds
Application
Seed Treatment
Soil Treatment
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Biofertilizers Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Biofertilizers Market?
3. What are the technology trends and regulatory frameworks in the Biofertilizers Market?
4. What is the market share of the leading vendors in the Biofertilizers Market?
5. Which modes and strategic moves are suitable for entering the Biofertilizers Market?

Note: PDF & Excel + Online Access - 1 Year