Biofertilizers Market to Grow at a Surprising CAGR of 12.74% by 2029, Size, Share, Trends, Strategies, Competitive Analysis and Regional Overview

PRESS RELEASE
Published July 21, 2023

Data Bridge Market Research analyses that the biofertilizers market is expected to grow at a CAGR of 12.74% in the forecast period of 2022 to 2029. Increasing growth of organic food industry will act as a factor for the biofertilizers market in the forecast period of 2022 to 2029.

Biofertilizers Market research report delivers key data about the product portfolios, product values, company profiles, shares, and contact data for the company. This promotional market document on the worldwide market also represents all the regions as well as countries across the globe, which showcase a regional manufacturing status, such as volume, market size, value and price details. It also represents a brief summary of sales, revenue share, demand/supply data, and market growth analysis during the predicted period. Biofertilizers business report showcases an overall mapping of the industry vendors and the analysis of the competitive landscape.

Global Biofertilizers marketing report provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. The report endows with the complete knowledge and information of rapidly changing market landscape, what is already there in the market, future trends or market expectations, the competitive environment, and competitor strategies that aids in planning the own strategies with which business can outshine the competitors. The widespread Biofertilizers business report contains top to bottom analysis and estimation of various market related factors that plays key role in better decision making.

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A biofertilizer is a substance which contains living micro-organisms which, when applied to seeds, plant surfaces, or soil, colonize the rhizosphere or the interior of the plant and promotes growth by increasing the supply or availability of primary nutrients to the host plant.

The growing range of initiatives taken by government to unfold awareness among the individuals concerning the advantages of using biofertilizers, increasing industrial effects of chemical fertilizers, rising usages of ranches and personal farms are a number of the factors that may reinforce the expansion of the biofertilizers market within the forecast period. On the opposite hand, rising applications from developing economies which can more boost numerous opportunities that may result in the expansion of the biofertilizers market within the mentioned forecast of 2022 to 2029.

The major players operating in the biofertilizers market report

  • Novozymes
  • GSFC Ltd
  • Rashtriya Chemicals and Fertilizers Limited
  • STANES and COMPANY LIMITED
  • National Fertilizers Limited
  • MADRAS FERTILIZERS LIMITED
  • International Panaacea Limited
  • LALLEMAND Inc.
  • Kan biosys
  • Kiwa Bio-Tech
  • Som Phytopharma India Ltd.
  • Mapleton Agri Biotec Pty Ltd.
  • ASB Grünland Helmut Aurenz GmbH
  • Ficosterra,
  • Agrinos
  • Australian Bio Fert Pty Ltd.
  • BioAg Pty Ltd, among others
GLOBAL BIOFERTILIZERS MARKET SCOPE AND MARKET SIZE

Biofertilizers market is segmented on the basis of microorganism, technology type, application, type, and crop type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of microorganism, the biofertilizers market is segmented into rhizobium, azotobacter, azospirillum, blue-green algae, and phosphate solubilizing bacteria, mycorrhiza, and other microorganisms.
  • On the basis of technology type, the biofertilizers market is segmented into carrier enriched biofertilizers, liquid biofertilizers, and other technology types.
  • On the basis of application, the biofertilizers market is segmented into soil treatment, seed treatment, and others.
  • The biofertilizers market is also segmented on the basis of type. The type is segmented into nitrogen-fixing biofertilizers, phosphate solubilizing and mobilizing biofertilizers, potash solubilizing and mobilizing biofertilizers, and others.
  • On the basis of crop type, the biofertilizers market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, and other crops.

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Biofertilizers Market Regional Analysis/Insights

The Biofertilizers market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.

The countries covered in the Biofertilizers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Biofertilizers within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Biofertilizers market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

The report answers questions such as:

  1. What is the market size and forecast of the Biofertilizers Market?
  2. What are the inhibiting factors and impact of COVID-19 shaping the Biofertilizers Market during the forecast period?
  3. Which are the products/segments/applications/areas to invest in over the forecast period in the Biofertilizers Market?
  4. What is the competitive strategic window for opportunities in the Biofertilizers Market?
  5. What are the technology trends and regulatory frameworks in the Biofertilizers Market?
  6. What is the market share of the leading vendors in the Biofertilizers Market?
  7. What modes and strategic moves are considered suitable for entering the Biofertilizers Market?

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