Global Biofertilizers Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Biofertilizers Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product (Nitrogen Fixing, Phosphate Solubilizing, and Others), Application (Seed Treatment, and Soil Treatment), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Biofertilizers Market was valued at USD 1,713.9 million in 2023 and is expected to reach USD 4,492.1 million by 2031 while growing at a CAGR of 12.8% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global biofertilizers market growth. Biofertilizers, containing living microorganisms like bacteria, fungi, and algae, enhance nutrient availability and uptake in plants. Unlike chemical fertilizers, which directly provide nutrients, biofertilizers foster a symbiotic relationship between plants and microorganisms, contributing to improved soil fertility and plant growth through various mechanisms.
Increasing awareness among farmers and consumers about the harmful impacts of chemical fertilizers on soil health and the environment, coupled with the rising need for soil health management, propels the biofertilizers market. Nevertheless, obstacles such as high initial costs, and limited shelf life and storage challenges could impede its growth.
Furthermore, the global biofertilizers industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product Analysis
The Global Biofertilizers Market is segmented among Nitrogen Fixing, Phosphate Solubilizing, and Others, based on Product. In 2023, Nitrogen Fixing accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Application Analysis
The Global Biofertilizers Market is segmented among Seed Treatment, and Soil Treatment, based on Application. In 2023, Seed Treatment accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Biofertilizers Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are CBF China Bio-Fertilizer AG, Novozymes A/S, AgriLife, Mapleton Agri Biotec, Biomax, Rizobacter Argentina SA, Symborg S.L., National Fertilizers Ltd., Antibiotice S.A., Lallemand Inc., Labiofam SA, Sigma Agri-Science, LLC, Agrinos Inc., Fertilizers USA LLC, and Kiwa Bio-Tech Products Group Corporation.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Biofertilizers Market Dynamics
Drivers
Restraints
Opportunity
4. Global Biofertilizers Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Biofertilizers Market Segmentation, By Product
Global Biofertilizers Market Share Analysis, By Product
Global Biofertilizers Market Growth Analysis, By Product
Global Biofertilizers Market Trends, By Product
o Nitrogen Fixing
o Phosphate Solubilizing
o Others
6. Global Biofertilizers Market Segmentation, By Application
Global Biofertilizers Market Share Analysis, By Application
Global Biofertilizers Market Growth Analysis, By Application
Global Biofertilizers Market Trends, By Application
o Seed Treatment
o Soil Treatment
7. Global Biofertilizers Market Segmentation, By Crop Type
Global Biofertilizers Market Share Analysis, By Crop Type
Global Biofertilizers Market Growth Analysis, By Crop Type
Global Biofertilizers Market Trends, By Crop Type
o Cereals & Grains
o Oilseeds & Pulses
o Fruits & Vegetables
o Others
8. Global Biofertilizers Market Segmentation, By Region
Global Biofertilizers Market Share Analysis, By Region
Global Biofertilizers Market Growth Analysis, By Region
Global Biofertilizers Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
CBF China Bio-Fertilizer AG*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Novozymes A/S
AgriLife
Mapleton Agri Biotec
Biomax
Rizobacter Argentina SA
Symborg S.L.
National Fertilizers Ltd.
Antibiotice S.A.
Lallemand Inc.
Labiofam SA
Sigma Agri-Science, LLC
Agrinos Inc.
Fertilizers USA LLC
Kiwa Bio-Tech Products Group Corporation
*Similar analysis will be provided for each company listed above.
