Biofertilizers Report: Trends, Forecast and Competitive Analysis to 2030

Biofertilizers Report: Trends, Forecast and Competitive Analysis to 2030

Biofertilizers Trends and Forecast

The future of the global biofertilizers market looks promising with opportunities in the soil treatment and seed treatment markets. The global biofertilizers market is expected to reach an estimated $6.6 billion by 2030 with a CAGR of 11.8% from 2024 to 2030. The major drivers for this market are growing public awareness of environmental issues, government programs supporting organic farming, the need to use fewer chemical fertilizers, and the necessity for sustainable agricultural techniques.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Biofertilizers by Segment

The study includes a forecast for the global biofertilizers by form, type, application,, and region

Biofertilizers Market by Form [Shipment Analysis by Value from 2018 to 2030]:

• Liquid
• Carrier-based

Biofertilizers Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Cereals & grains
• Pulses & oilseeds
• Fruits & vegetables
• Others

Biofertilizers Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Soil treatment
• Seed treatment
• Others

Biofertilizers Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Biofertilizers Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies biofertilizers companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the biofertilizers companies profiled in this report include-

• Novozymes
• UPL
• Chr. Hansen
• Syngenta
• T.Stanes and Company
• Lallemand, Rizobacter
• Rizobacter
• Vegalab
• Kiwa Bio-Tech
• Symborg

Biofertilizers Market Insights

Lucintel forecast that cereals & grains is expected to witness largest segment over the forecast period because grain and cereals are staple crops that are grown all over the world and account for a sizeable amount of agricultural production, as well as, many crops that are consumed by a big population as their main source of nutrition are wheat, rice, maize, and barley.

Within this market, seed treatment will remain the larger segment over the forecast period because it provides a practical and effective means of incorporating biofertilizers into the farming system, and also the farmers can guarantee that beneficial bacteria or nutrients are given directly to the seeds, improving germination, early growth, and total plant health, by coating the seeds with biofertilizer formulations.

North America is expected to witness highest growth over the forecast period because of growing regional demand for environmentally friendly and sustainable farming methods, as well as, the farmers are becoming more conscious of the harm that chemical fertilizers do to the environment and the health of their soil.

Features of the Global Biofertilizers Market

Market Size Estimates: Biofertilizers market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Biofertilizers market size by form, type, application, and region in terms of value ($B).

Regional Analysis: Biofertilizers market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different form, type, application, and regions for the biofertilizers market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the biofertilizers market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the biofertilizers market size?

Answer: The global biofertilizers market is expected to reach an estimated $6.6 billion by 2030.

Q.2 What is the growth forecast for biofertilizers market?

Answer: The global biofertilizers market is expected to grow with a CAGR of 11.8% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the biofertilizers market?

Answer: The major drivers for this market are growing public awareness of environmental issues, government programs supporting organic farming, the need to use fewer chemical fertilizers, and the necessity for sustainable agricultural techniques.

Q4. What are the major segments for biofertilizers market?

Answer: The future of the global biofertilizers market looks promising with opportunities in the soil treatment and seed treatment markets.

Q5. Who are the key biofertilizers market companies?

Answer: Some of the key biofertilizers companies are as follows:

• Novozymes
• UPL
• Chr. Hansen
• Syngenta
• T.Stanes and Company
• Lallemand, Rizobacter
• Rizobacter
• Vegalab
• Kiwa Bio-Tech
• Symborg

Q6. Which biofertilizers market segment will be the largest in future?

Answer: Lucintel forecast that cereals & grains is expected to witness largest segment over the forecast period because grain and cereals are staple crops that are grown all over the world and account for a sizeable amount of agricultural production, as well as, many crops that are consumed by a big population as their main source of nutrition are wheat, rice, maize, and barley.

Q7. In biofertilizers market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period because of growing regional demand for environmentally friendly and sustainable farming methods, as well as, the farmers are becoming more conscious of the harm that chemical fertilizers do to the environment and the health of their soil.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the biofertilizers market by form (liquid, and carrier-based), type (cereals & grains, pulses & oilseeds, fruits & vegetables, and others), application (soil treatment, seed treatment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Please note: It will take 3 business days to deliver the report upon receipt the order.