Global Bio-fertilizers Market Growth 2023-2029

Global Bio-fertilizers Market Growth 2023-2029

Biofertilizer are the substances which make use of microorganisms to fertile the soil. These fertilizers are not harmful to crops or other plants like the chemical fertilizers. They are actually taken from the animal wastes along with the microbial mixtures. Microorganisms are used to increase the level of nutrients in the plants. They let the plants grow in a healthy environment. They are also environment friendly and do not cause the pollution of any sort. Use of biofertilizers in the soil, makes the plants healthy as well as protect them from getting any diseases.

LPI (LP Information)' newest research report, the “Bio-fertilizers Industry Forecast” looks at past sales and reviews total world Bio-fertilizers sales in 2022, providing a comprehensive analysis by region and market sector of projected Bio-fertilizers sales for 2023 through 2029. With Bio-fertilizers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bio-fertilizers industry.

This Insight Report provides a comprehensive analysis of the global Bio-fertilizers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bio-fertilizers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bio-fertilizers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bio-fertilizers and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bio-fertilizers.

The global Bio-fertilizers market size is projected to grow from US$ 2464.2 million in 2022 to US$ 3140.9 million in 2029; it is expected to grow at a CAGR of 3140.9 from 2023 to 2029.

Biofertilizer has a low concentration. The top five companies account for more than 12% of market share. Novozymes, Agri Life, Symborg, xi'an Delong Bio-industry and Maboshi are the tycoons of Biofertilizer. Novozymes is the largest manufacturer, with the market share of about 4%.

China is the largest consumption region, with a consumption market share nearly 30%. Following China, USA is the second largest consumption area with the consumption market share of about 26%.

In terms of application, biofertilizer can be applied in cereals & grains, pulses & oilseeds, fruits & vegetables and other. Pulses & oilseeds accounted for the largest market with about 45% of the global consumption for biofertilizer.

This report presents a comprehensive overview, market shares, and growth opportunities of Bio-fertilizers market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Nitrogen-fixing
Phosphate-solubilizing
Potash- mobilizing
Others

Segmentation by application
Cereals & Grains
Pulses & Oilseeds
Fruits & Vegetables
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Biomax
Novozymes
RIZOBACTER
Agri Life
Symborg
National Fertilizers Limited
Batian
Xi’an Delong Bio-industry
Maboshi
Fertilzer King
Jinggeng Tianxia
Taigu Biological
Taibao Biological
Genliduo Bio-Tech
Beijing Leili Group
Qingdong Nongke
Yunye
Aokun Biological
Laimujia

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bio-fertilizers market?

What factors are driving Bio-fertilizers market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bio-fertilizers market opportunities vary by end market size?

How does Bio-fertilizers break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.