Dublin, April 26, 2023 (GLOBE NEWSWIRE) -- The "Biofertilizers: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Biofertilizers estimated at US$2.5 Billion in the year 2022, is projected to reach a revised size of US$5.5 Billion by 2030, growing at a CAGR of 10.4% over the analysis period 2022-2030.
Nitrogen Fixing, one of the segments analyzed in the report, is projected to record a 10.7% CAGR and reach US$4.3 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Phosphate Solubilizers segment is readjusted to a revised 9.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $737.5 Million, While China is Forecast to Grow at 9.4% CAGR
The Biofertilizers market in the U.S. is estimated at US$737.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$387.7 Million by the year 2030 trailing a CAGR of 9.4% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 9.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 11.5% CAGR.
Select Competitors (Total 56 Featured) -
- Agri Life
- Agrinos AS
- Ajay Bio-Tech (India) Ltd.
- China Bio-Fertilizer Group
- EuroChem Agro GmbH
- Gujarat State Fertilizers & Chemicals Limited
- Kan Biosys Pvt. Ltd.
- Kiwa Bio-Tech Products Group Corporation
- Lallemand Inc.
- Madras Fertilizers Limited
- Mapleton Agri Biotec Pty Ltd.
- National Fertilizer Ltd.
- Rizobacter Argentina S.A.
- Symborg
- Syngenta AG
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
Report Attribute | Details |
No. of Pages | 425 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $2.5 Billion |
Forecasted Market Value (USD) by 2030 | $5.5 Billion |
Compound Annual Growth Rate | 10.4% |
Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Biofertilizers: A Prelude
- Product Types of Biofertilizers
- Nitrogen Fixing Biofertilizer
- Phosphate Solubilizers
- Other Product Types
- Biofertilizers by Crop Type
- Cereals & Grains
- Pulses & Oilseeds
- Fruits & Vegetables
- Other Crop Types
- Key Applications of Biofertilizers
- Seed Treatment
- Soil Treatment
- Other Applications
- An Overview of the Global Biofertilizers Market
- Growth Drivers
- Regional Market Analysis
- Developed Regions Remain Primary Revenue Contributors and Hot Spots for Future Growth
- World Biofertilizers Market: Percentage Breakdown of Sales for Developed and Developing Regions for the Years 2019 & 2025
- World Biofertilizers Market: Geographic Regions Ranked by CAGR (Sales) for 2018-2025
- Rice Farmers in China Embrace Biofertilizers to Improve Crop Quality and Yield: A Case in Point
- Nitrogen Fixing Biofertilizers: Rising Demand for Improving Soil Fertility to Propel Growth
- Biofertilizers Facilitating High Yield Production of Cereal and Grain Crops
- Seed Treatment Constitutes the Largest Application Market
- Biofertilizers - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Pressing Need to Improve Sustainability Quotient of Agriculture Fuels Biofertilizer Demand
- Harmful Impacts of Using Chemical Fertilizers Propels Growth
- Rising Focus on Sustainable Agriculture Drives Demand for Biofertilizers
- Shrinking Arable Land Drives Demand for Biofertilizers
- Loss of Arable Land Exerts Immense Pressure on Yields Per Acre: Global Availability of Arable Land in Hectares Per Person for the Years 1990, 2000, 2018 and 2020
- Arable Land Worldwide as a % of Total Land Area for the Years 1990, 2000, 2018 and 2020
- Emergence of Mega Farms Augments Importance of Biofertilizers
- Farm Size Distribution Worldwide: Percentage Breakdown of Farm Land by Size and Region
- Balooning Global Population Drives Need for Food Security Leading to Growing Consumption of Biofertilizers
- World Population by Geographic Region (2018-2050) (in Thousands)
- Food Demand Worldwide: Demand Growth in Million Tonnes by Food Type for the Period 2008-2017 and 2018-2027
- Global Crop Production by Crop Type (in Million Metric Tons): 2017-2020
- Expanding Urban Population
- World Urban Population in Thousands: 1950-2050P
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 2000, 2020 & 2050
- Biofertilizers Allow Agriculture Industry to Gear Up and Deal with Future Challenges
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Increasing Organic Farming: A Major Growth Promoting Factor for Biofertilizers
- Global Organic Agricultural Land in Million Hectares for the Years 2010, 2012, 2014, 2016 and 2018
- Demand for Biofertilizers for Organic Farming on the Rise in North America and Europe
- Emerging Opportunities in Organic Farming in Asia-Pacific
- Biofertlizers Complement Organic Fertilizers in Organic Farming Methods
- Global Organic Fertilizers Market Revenues in US$ Billion for the Years 2019 and 2025
- Unprecedented Demand for Organic Food Augments Growth of Biofertilizer Market
- Global Food & Beverages Market in US$ Trillion for the Years 2018, 2020 & 2022
- Global Demand for Organic Food Products (in US$ Billion): 2015-2025
- Abundant Opportunities in Growing Organic Food Market
- Global Agricultural Land Under Organic Farming (in Hectares and % Share): 2000-2017
- Global Percentage Distribution of Organic Farmland by Region: 2017
- Increasing Production of Horticulture Crops Offer Strong Growth Opportunities for Biofertilizers
- Global Vegetable and Fresh Fruit Production Volume in Million Metric Tons for the Period 2010-2017
- Global Vegetable Production Share (in %) by Top Vegetables for 2019
- Biofertilizers Help Improve Production and Yield of Pulse Crops
- Global Pulses Production Volume in Million Metric Tons for the Period 2010-2017
- Increasing Use of Soybean as Feed Drives Biofertilizer Consumption
- Participants Make Concerted Efforts to Improve Shelf-Life of Biofertilizers
- Potential Challenges Restricting Growth of Biofertilizers Market
- Factors Impeding Broader Adoption of Biofertilizers
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/g96l76
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