Global Biofertilizer Market Growth 2023-2029

Global Biofertilizer 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 “Biofertilizer Industry Forecast” looks at past sales and reviews total world Biofertilizer sales in 2022, providing a comprehensive analysis by region and market sector of projected Biofertilizer sales for 2023 through 2029. With Biofertilizer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biofertilizer industry.

This Insight Report provides a comprehensive analysis of the global Biofertilizer 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 Biofertilizer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Biofertilizer market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biofertilizer 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 Biofertilizer.

The global Biofertilizer market size is projected to grow from US$ 2464.2 million in 2022 to US$ 4422.6 million in 2029; it is expected to grow at a CAGR of 4422.6 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 Biofertilizer 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

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.

Novozymes

Biomax

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

XinJiang StarSeed Science and Technology

Laimujia

Key Questions Addressed in this Report

What is the 10-year outlook for the global Biofertilizer market?

What factors are driving Biofertilizer market growth, globally and by region?

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

How do Biofertilizer market opportunities vary by end market size?

How does Biofertilizer 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.