Navigating Sustainable, Profitable Growth in a Rapidly Changing World

Agriculture and Farming

Global Biofertilisers Market Report...

Historical and Forecast Market Trends

2018-34

www.expertmarketresearch.com

In addition to this, they are eco-friendly unlike chemical fertilisers which cause environmental pollution. Owing to their various benefits, biofertilisers have today gained significance in the agriculture industry. According to a new report by Expert Market Research, the global biofertiliser market reached a value of around US$ 3.37 Billion in 2023 and is further expected to reach US$ 9.91 Billion by 2032.

The sturdy growth of the market can be accredited to a number of forces. On account of rising environmental awareness, there has been an increase in the implementation of regulatory policies by governments across various countries supporting the use of biofertilisers. Moreover, an inclination towards organic food by consumers have also augmented the demand for biofertilisers. Some of the other factors such as population growth coupled with rising disposable incomes have also broadened the growth aspects of the market. Although the penetration of bio-fertilizers is still at a nascent stage in most regions across the world, the market holds a plethora of opportunities.

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Key findings from the report:

  • Different types of biofertilisers include nitrogen fixing, phosphate fixing and others. In 2018, nitrogen fixing such as rhizobium, azotobacter, azospirillum, etc. represented the biggest category of biofertilisers.
  • The major end-uses of biofertilisers are seed treatment, soil treatment and others.
  • Region-wise, North America dominated the market with the majority of the market share. Other key markets include Asia, Europe and Others.
  • The global biofertiliser market is highly fragmented in nature with some of the top players being Novozymes, National Fertilizers Limited, Rizobacter, Lallemand Inc., and Nutramax Laboratories, among others.
  • These players are targeting the untapped markets of developing regions in order to increase their profitability.

Expert Market Research has analysed the global biofertiliser market according to type, end-use, major regions and top players:

Market breakup by Type

  • Nitrogen-Fixing
  • Phosphate-Fixing
  • Others

Market Breakup by End-use

  • Seed Treatment
  • Soil Treatment
  • Others

Market breakup by Region

  • North America
  • Asia
  • Europe
  • Others

Top players

  • Novozymes
  • National Fertilizers Limited
  • Rizobacter 
  • Lallemand Inc.
  • Nutramax Laboratories

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Report Summary

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Crop
  • Microorganism
  • Mode of Application
  • Region
Breakup by Type
  • Nitrogen-Fixing Biofertilisers
  • Phosphate-Fixing Biofertilisers
  • Others
Breakup by Crop
  • Cereals and Grains
  • Pulses and Oilseeds
  • Fruits and Vegetables
  • Others
Breakup by Microorganism
  • Cyanobacter
  • Rhizobium
  • Phosphate Solubilizing Bacteria
  • Azotobacter
  • Others
Breakup by Mode of Application
  • Seed Treatment
  • Soil Treatment
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Novozymes A/S
  • National Fertilizers Limited
  • Rizobacter Argentina S.A. 
  • Gujarat State Fertilizers & Chemicals Ltd. 
  • Lallemand Inc.
  • Madras Fertilizers Limited
  • Others
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