A biofertilizer is a substance containing living microorganisms which, when applied to seed, plant surfaces, or soil, colonises the interior of the plant and promotes growth by increasing the supply or availability of primary nutrients to the host plant. During 2014-2018, the global biofertilizer market grew at a CAGR of around 13%.The market is currently being driven by an increasing consumer adoption of organic foods, environmental hazards associated with chemical fertilizers and increasing promotion and favourable regulatory policies related to bio-fertilizers by various governments across the globe. This report by Expert Market Research entitled “Biofertilizer Market Report and Forecast 2019-2024” provides a comprehensive analysis for anyone who plans to foray into the biofertlizer market.
Historical market trends for the global biofertililizer industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global biofertilizer market into the following major regions – North America, Asia and Europe. Currently, Asia represents the largest market. On the basis of product type, the global biofertilizer market has been segmented as nitrogen-fixing biofertilizers, phosphate fixing biofertilizers and other biofertilizers. For each of the biofertilizer type, the report has provided both historical and future market trends. Additionally, the report has segmented the global biofertilizer market on the basis of application, namely, seed treatment, soil treatment and others.
The value chain analysis of the biofertilizer industry has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the biofertilizer industry has also been provided. Some of the key players in this market include: Novozymes A/S, National Fertilizers Limited, Rizobacter Argentina S.A., Lallemand Inc. and Nutramax Laboratories Inc.
This report provides an exhaustive insight for setting-up and running a biofertilizer manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
- What are the market trends for the global biofertilizer market?
- Which are the biggest markets (regions) for biofertilizer?
- What are the major types of biofertilizer? Which are the most popular?
- What are the key application areas for biofertilizer?
- Who are the key manufacturers in the biofertilizer market?
- What are the land and construction requirements to start a biofertilizer manufacturing plant?
- What are the machinery requirements to start a biofertilizer manufacturing plant?
- How is biofertilizer priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a biofertilizer manufacturing plant?
- What are the running costs of a biofertilizer manufacturing plant?
- How much revenue can a biofertilizer manufacturing plant generate?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants of the biofertilizer industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.