Biofertilizers Market by Type (Nitrogen-Fixing Biofertilizers, Phosphate Solubilizing & Mobilizing Biofertilizers and Others), Microorganism, Form, Crop Type, Application and Geography - Global Industry Analysis, Opportunities and Forecast up to 2026

The global Biofertilizers market size was valued at $1.68 billion in 2020 and is projected to reach $3.42 billion by 2026, growing at a CAGR of 12.6% during the forecast period.

• The growth in the organic food industry is driving the demand for biofertilizers and organic manures, as these are fundamentals of organic farming. The demand for organic farming is growing due to biofertilizers acting as a useful additive to the replacement of chemical fertilization, making organic farming easy and convenient. In addition, with the epidemic of the COVID-19, people have become more conscious about healthy organic food products, which have triggered the market growth of biological inputs, such as biofertilizers.
 
• Additionally, rising prices of synthetic fertilizers around the world backed with consumers’ retort toward rising prices for synthetically cultivated food products are projected to remain a key factor boosting the expenditure of biofertilizers.
 
• However, increasing technological advancements and environmental issues along with lack of infrastructure and need for high capital investment are the factors that hamper the growth of the Biofertilizers market.

Biofertilizers are the biological products containing living microorganisms, which when applied to seed, plant surfaces, or soil, promotes growth by several mechanisms such as increasing the supply of nutrients, increasing root biomass or root area, and increasing the supply of essential nutrients, such as Nitrogen, Phosphorous, and other mineral nutrients.

By Crop, the Cereals and grains Segment to Experience Dynamic Growth through 2026

The cereals and grains segment is subjected to dominate the market of biofertilizers and is estimated to lead the market over the forthcoming years. Mounting demand for high nutritional content grains contributing towards better health is the major factor fueling the industry growth. Studies conducted worldwide suggest that cereal and grain crops reflected high development and growth with Azotobacter inoculation which aided in reducing nitrogen requirement by crops. Further, for the healthy development of wheat, phosphate solubilizing bacteria and Azotobacter inoculation proved highly efficient biofertilizers in terms of crop yield. Consumption of these bacteria for cereal and grain cultivation results in high vegetation growth, and high photosynthesis activity.

By Geography, North America Region is Leading in the Global Market Place

North American region dominates and retains its market in the coming future, due to the rising organic and environment-friendly farming practices, growing acceptance of biofertilizers among rural farmers, and high adoption of superior irrigation systems such as drip & sprinkler irrigation for Fertigation. The positive agricultural outlook in the country has driven the demand for bio-based products in the region. Increasing government interference in farming practices held in the region led to major changes in agricultural trends & methods across U.S. and Canada. For instance, with severe regulations in place, over 19,017 farming communities are practicing organic farming in the region to ensure sustainable long-term business.

List of the Key Players Profiled in the Market Include:

• Agrilife
• Chr. Hansen Holding A/S
• IPL Biologicals Limited
• Kan Biosys
• Kiwa Bio-Tech
• Lallemand Inc.
• Mapleton Agri Biotech Pty Ltd
• Novozymes A/S
• Nutramax Laboratories, Inc.
• Rizobacter Argentina S.A.
• Seipasa
• Symborg
• T.Stanes & Company Limited
• UPL Limited
• Vegalab SA

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observed promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Type:
• Nitrogen-Fixing Biofertilizers
• Phosphate Solubilizing & Mobilizing Biofertilizers
• Potassium Solubilizing & Mobilizing Biofertilizers
• Other Types

Market by, Microorganism:
• Rhizobium
• Azotobacter
• Azospirillum
• Blue-green Algae
• Phosphate Solubilizing Bacteria
• Mycorrhiza
• Other Microorganisms

Market by, Form:
• Liquid Biofertilizers
• Carrier-Based Biofertilizers

Market by, Crop Type:
• Cereals & Grains
• Pulses & Oilseeds
• Fruits & Vegetables
• Other Crops

Market by, Application:
• Soil Treatment
• Seed Treatment
• Other Applications

Market by, Geography:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Table Of Content

1 Market Overview           
    1.1 Introduction       
    1.2 Research Objectives      
    1.3 Market Segmentation      
    1.4 Stakeholders       
    1.5 List of Acronyms       
             
2 Executive Summary           
             
3 Research Methodology          
    3.1 Identification of Data      
    3.2 Evaluation of Market Dynamics     
    3.3 Collaboration of Data      
    3.4 Verification and Analysis      
    3.5 Data Sources       
    3.6 Assumptions       
             
4 Market Dynamics           
    4.1 Market Drivers       
            4.1.1 Growth in the organic food industry
            4.1.2 Rising government programs and investment in the agriculture sector
            4.1.3 Adoption of precision farming and protected agriculture
    4.2 Market Restraints       
            4.2.1 High production cost of biofertilizers
            4.2.2 Poor infrastructure and high initial investment
    4.3 Impact of COVID-19 on Biofertilizers Market    
             
5 Porter's Five Force Analysis          
    5.1 Bargaining Power of Suppliers      
    5.2 Bargaining Power of Buyers      
    5.3 Threat of New Entrants       
    5.4 Threat of Substitutes      
    5.5 Competitive Rivalry in the Market     
             
6 Global Biofertilizers Market by, Type         
    6.1 Overview       
    6.2 Nitrogen-Fixing Biofertilizers      
    6.3 Phosphate Solubilizing & Mobilizing Biofertilizers    
    6.4 Potassium Solubilizing & Mobilizing Biofertilizers    
    6.5 Other Types       
             
7 Global Biofertilizers Market by, Microorganism        
    7.1 Overview       
    7.2 Rhizobium       
    7.3 Azotobacter       
    7.4 Azospirillum       
    7.5 Blue-green Algae       
    7.6 Phosphate Solubilizing Bacteria     
    7.7 Mycorrhiza       
    7.8 Other Microorganisms      
             
8 Global Biofertilizers Market by, Form          
    8.1 Overview       
    8.2 Liquid Biofertilizers       
    8.3 Carrier-Based Biofertilizers      
             
9 Global Biofertilizers Market by, Crop Type        
    9.1 Overview       
    9.2 Cereals & Grains       
    9.3 Pulses & Oilseeds       
    9.4 Fruits & Vegetables       
    9.5 Other Crops       
             
10 Global Biofertilizers Market by, Application        
    10.1 Overview       
    10.2 Soil Treatment       
    10.3 Seed Treatment       
    10.4 Other Applications      
             
11 Global Biofertilizers Market by, Geography        
    11.1 Overview       
    11.2 North America       
    11.3 Europe        
    11.4 Asia Pacific       
    11.5 South America       
    11.6 Middle East & Africa      
             
12 Key Developments           
             
13 Company Profiling           
    13.1 Agrilife        
             13.1.1 Business Overview
             13.1.2 Product/Service Offering
             13.1.3 Financial Overview
             13.1.4 SWOT Analysis
             13.1.5 Key Activities
    13.2 Chr. Hansen Holding A/S      
    13.3 IPL Biologicals Limited      
    13.4 Kan Biosys       
    13.5 Kiwa Bio-Tech       
    13.6 Lallemand Inc.       
    13.7 Mapleton Agri Biotech Pty Ltd      
    13.8 Novozymes A/S       
    13.9 Nutramax Laboratories, Inc.      
    13.10 Rizobacter Argentina S.A.      
    13.11 Seipasa        
    13.13 Symborg        
    13.13 T.Stanes & Company Limited      
    13.14 UPL Limited       
    13.15 Vegalab SA