Dublin, Feb. 17, 2022 (GLOBE NEWSWIRE) -- The "Biofertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global biofertilizer market reached a value of US$ 2.38 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 5.31 Billion by 2027, exhibiting a CAGR of 14.66% during 2022-2027. Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor
Biofertilizers are made from biological waste that contains living microorganisms. Unlike chemical fertilizers, which offer direct nutrition to the plant, biofertilizers help in improving the overall soil fertility. The microorganisms present in these fertilizers decompose organic matter and breakdown complex minerals for easy absorption by plants. This process enriches the soil with nutrients, which in turn promotes healthy plant growth.
Moreover, biofertilizers do not allow pathogens to grow, which helps in preventing crop diseases. The several advantages offered by biofertilizers over their chemical counterparts have led to their rapid adoption in the agriculture sector. Although the penetration of biofertilizers is still at a nascent stage, both the developing and emerging markets are expected to provide numerous growth opportunities over the next few years.
The understanding of the environmental hazards caused by the use of synthetic agrichemicals, primarily the pollution and contamination of the soil and the food chain, has pushed the demand for biological products. Apart from this, growing health concerns have also urged people to adopt organic foods and other agricultural products. Another major factor driving the sales of biofertilizers is the increasing implementation of favorable regulatory policies by various governments
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global biofertilizer market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type, crop, microorganism and mode of application
Breakup by Type:
- Nitrogen-fixing biofertilizers
- Phosphate-fixing biofertilizers
- Others
Currently, nitrogen-fixing biofertilizers, such as rhizobium, azotobacter, and azospirillum account for majority of the market share. On the other hand, phosphate-fixing biofertilizers are expected to witness rapid growth over the next few years
Breakup by Crop:
- Cereals and grains
- Pulses and oilseeds
- Fruits and vegetables
- Others
At present, cereals and grains represent the dominant crop segment. Biofertilizers are widely used for effective production of different cereals and grains, such as wheat, oats, and rice, as they aid in enhancing their yield under poor land conditions
Breakup by Microorganism:
- Cyanobacter
- Rhizobium
- Phosphate Solubilizing Bacteria
- Azotobacter
- Others
Among these, cyanobacter is the leading microorganism segment. Cyanobacter-based biofertilizers offer reduced input cost, increase the bioavailability of phosphorus, and help in nutrient cycling as well as nitrogen fixation
Breakup by Mode of Application:
- Seed treatment
- Soil treatment
- Others
Seed treatment is the most preferred mode of application as it protects the seeds from pathogens and insects and enhances seedling establishment and early plant growth. In addition, it is more cost-effective and user-friendly as compared to the other modes
Regional Insights:
- Asia Pacific
- North America
- Europe
- Others
On the geographical front, North America is the largest market, holding the dominant market share. The growing emphasis on organic agriculture, coupled with the high population, is the primary factor driving the demand for biofertilizers in the region
Competitive Landscape:
The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality.
Some of the leading players operating in the market are:
- Novozymes A/S
- National Fertilizers Limited
- Madras Fertilizers Limited
- Gujarat State Fertilizers & Chemicals Ltd
- Rizobacter Argentina S.A
- T.Stanes & Company Limited
- Camson Bio Technologies Limited
- Rashtriya Chemicals & Fertilizers Ltd
- Lallemand Inc
- Nutramax Laboratories, Inc
Key Question Answered in this Report
1. What is the market size for the global biofertilizers market?
2. What is the global biofertilizers market growth?
3. What are the global biofertilizers market drivers?
4. What are the key industry trends in the global biofertilizers market?
5. What is the impact of COVID-19 on the global biofertilizers market?
6. What is the global biofertilizers market breakup by type?
7. What is the global biofertilizers market breakup by crop?
8. What is the global biofertilizers market breakup by microorganism?
9. What is the global biofertilizers market breakup by mode of application?
10. What are the major regions in the global biofertilizers market?
11. Who are the key companies/players in the global biofertilizers market?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Biofertilizer Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Analysis
5.4.1 Key Price Indicators
5.4.2 Price Structure
5.4.3 Price Trends
5.5 Market Breakup by Region
5.6 Market Breakup by Type
5.7 Market Breakup by Crop
5.8 Market Breakup by Microorganism
5.9 Market Breakup by Mode of Application
5.10 Market Forecast
5.11 SWOT Analysis
5.12 Value Chain Analysis
5.13 Porter's Five Forces Analysis
5.14 Key Market Drivers and Success Factors
6 Performance of Key Regions
7 Market Breakup by Type
7.1 Nitrogen-Fixing Biofertilizers
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Phosphate-Fixing Biofertilizers
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Crop
8.1 Cereals and Grains
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Pulses and Oilseeds
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Fruits and Vegetables
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Microorganism
9.1 Cyanobacter
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Rhizobium
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Phosphate Solubilizing Bacteria
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Azotobacter
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Mode of Application
10.1 Seed Treatment
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Soil Treatment
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Others
10.3.1 Market Trends
10.3.2 Market Forecast
11 Competitive Landscape
11.1 Market Structure
11.2 Key Player
12 Biofertilizer Manufacturing Process
12.1 Product Overview
12.2 Detailed Process Flow
12.3 Various Types of Unit Operations Involved
12.4 Mass Balance and Raw Material Requirements
13 Project Details, Requirements and Costs Involved
13.1 Land Requirements and Expenditures
13.2 Construction Requirements and Expenditures
13.3 Plant Layout
13.4 Plant Machinery
13.5 Raw Material Requirements and Expenditures
13.6 Packaging Requirements and Expenditures
13.7 Transportation Requirements and Expenditures
13.8 Utility Requirements and Expenditures
13.9 Manpower Requirements and Expenditures
13.10 Other Capital Investments
14 Loans and Financial Assistance
15 Project Economics
15.1 Capital Cost of the Project
15.2 Techno-Economic Parameters
15.3 Product Pricing and Margins Across Various Levels of the Supply Chain
15.4 Taxation and Depreciation
15.5 Income Projections
15.6 Expenditure Projections
15.7 Financial Analysis
15.8 Profit Analysis
16 Key Player Profiles
16.1 Novozymes A/S
16.2 National Fertilizers Limited
16.3 Madras Fertilizers Limited
16.4 Gujarat State Fertilizers & Chemicals Ltd.
16.5 Rizobacter Argentina S.A.
16.6 T.Stanes & Company Limited
16.7 Camson Bio Technologies Limited
16.8 Rashtriya Chemicals & Fertilizers Ltd.
16.9 Lallemand Inc.
16.10 Nutramax Laboratories
For more information about this report visit https://www.researchandmarkets.com/r/t2e3fn
