The Global Biofertilizers Market size is expected to grow from USD 2.4 billion in 2022 to USD 5.22 billion by 2030, at a CAGR of 10.2% during the forecast period (2023-2030).
Biofertilizers can be defined as biological products containing living microorganisms that, when applied to seed, plant surfaces, or soil, help in promoting growth. It promotes development of plants by increasing the uptake of nutrients, root biomass or root area. Biofertilizers are also crucial in mitigating the hazards that are arising from the increasing demand of the global population for food and also from the widely spread chemicalization in agroecosystems. The application of biofertilizers in amplifying productivity and quality of agricultural products has already been proven as a key factor that induces growth of the Biofertilizer market. The rise in usage of microbes in biofertilizers for sustainable farming methods and food safety is another major factor that is estimated to boost the global biofertilizer market growth.
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The Top Key Players Covered in Biofertilizers Market are:
· Novozymes A/S (Denmark)
· Bayers(Germany)
· UPL Limited (India)
· Gujarat State Fertilizers & Chemicals Ltd (India)
· Rizobacter Argentina S.A. (Argentina)
· Rashtriya Chemicals & Fertilizers Limited (India)
· T. Stanes & Company Limited India
· National Fertilizers Limited (India)
· Madras Fertilizers Limited (India)
· Alltech Inc (Kentucky)
· Blacksmith BioScience (US)
· EnviroKure Liquid Organic Fertilizer (Philadelphia) and other major players.
The latest research on the Biofertilizers Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Biofertilizers Market industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Biofertilizers Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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Segmentation Analysis of Biofertilizers Market:
By Form
· Liquid
· Carrier-based
By Product Type
· Phosphate solubilizing
· Nitrogen fixation
By Application
· Seed treatment
· Soil treatment
Region and Country level Analysis:
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
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The research presents a full analysis of the pandemic's influence on the whole industry, as well as an outline of market scenarios before and after COVID-19. All of our reports will be modified before distribution to account for the impact of COVID-19 in order to offer a more accurate market prediction. The research study looks at numerous market segments based on type, application, and geographies. The research also includes a competitive analysis of the top Biofertilizers Market product providers, as well as their most recent advances. This study is divided into three sections: type, application, and region, with market size and forecasts for each area. For the predicted period, yearly compound growth rates for all segments have also been presented.
Biofertilizers Market Report Scope
Details | |
Market size value in 2022 | USD 2.4 Bn |
Revenue forecast in 2030 | USD 5.22 Bn. |
Growth rate | CAGR of 10.2 % |
Base year for estimation | 2022 |
Actual estimates/Historical data | 2017 - 2022 |
Forecast period | 2023 - 2030 |
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Reasons to Purchase this Market Report:
· Market forecast analysis through recent trends and SWOT analysis
· Biofertilizers Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
· Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
· Biofertilizers Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
· Competitive environment related to the Biofertilizers Market share for key players, along with new projects and strategies that players have adopted over the past five years
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