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Global Biofertiliser Market to Reach US$ 4.8 Billion by 2026.

According to a new report by Expert Market Research, the global biofertiliser market reached a value of around US$ 2.07 Billion in 2020 and is further expected to reach US$ 4.8 Billion by 2026.

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$ 2.07 Billion in 2020 and is further expected to reach US$ 4.8 Billion by 2026.

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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.

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


About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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