Global Biofertilizers Market by Application (Soil Treatment, Seed Treatment), by Product (Phosphate Solubilizing, Nitrogen Fixing) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global biofertilizers market was worth USD 1.0 billion in 2019. It is expected to grow at a compound annual rate (CAGR), of 12.8% between 2020 and 2027. Biofertilizers are becoming more popular due to their potential for sustainability and food safety. Over the forecast period, the market for biofertilizers will be driven by increasing concerns about food safety.

The EU's "Common Agricultural Policy” promotes bio-based products and organic farming. It provides up to 30% of the budget in direct green payments to farmers who follow sustainable agricultural practices. The favorable regulatory environment, particularly in North America and Europe, is expected to be a major driving factor for the biofertilizer market over the next few years.

Global agriculture is a dynamic sector that experiences rapid changes across all economic levels. The growing economies of all countries are adapting to technological changes to ensure the sustainability of the ecosystem. High investments are a sign of technological adaptability, which can impact the overall return on investment. This is a major factor that makes it difficult for small-scale farmers and entrepreneurs to enter the global market.

Multiple million-dollar companies are working to develop high-performance agricultural inputs like fertilizers and pesticides. This is why alternative products that are more friendly for the environment are so important. The underground water resources and soil fertility have been greatly affected by decades of traditional cultivation methods that use synthetic products to achieve high crop yields. These factors have resulted in an increase in organic farming products and organic cultivation practices worldwide. This has been backed up by consumer awareness about human health effects as well as environmentalists taking action on the environmental hazards resulting from the past decade.

European Biomass Industry Association predicts that the market will experience significant growth in the coming years. Biofertilizers are able to create a physical barrier between crops and plants against pests, and also boost plant growth. Biofertilizers increase the plant's absorption of zinc and phosphorus, as well as resisting pathogen attacks. Bio-based fertilizers can also be used in agriculture to reduce organic residue and promote the growth of crops and plants.

The rising costs of synthetic fertilizers worldwide and the response of consumers to rising prices for synthetically grown food products will be key factors in boosting biofertilizers' consumption over the next years. Food scarcity is a major concern for governments all over the world, due to the rapid growth of the global population. This has led innovation in the bio-based fertilizer industry and promotion of environmentally-friendly agricultural solutions for major agrarian countries. This will lead to an increase in demand for biofertilizers in all agricultural countries over the forecast period.

Product Insights

With a market share of 71.2%, nitrogen-fixing biological fertilizers dominated the market in terms of volume. This is due to the correction of soil contamination and water resources that have been affected by synthetic fertilizers over decades. Biobased fertilizers can provide the necessary nutrients for plant growth, including high phosphorus levels and fixed nitrogen. Using different biofertilizers based on soil type and crop type promotes plant growth without any adverse effects on human health or the environment.

Most commonly, nitrogen-fixing bacteria is used as biofertilizers because plants cannot convert atmospheric nitrogen to fixed nitrogen. The most commonly used bacteria to fix nitrogen in soil and seed treatment is Azotobacter and Rhizobium. The nitrogen-fixing Rhizobium can form an endosymbiotic relationship with the roots and leaves of legumes. This allows it to be used as biofertilizers for the cultivation of leguminous plants. The versatility of Azotobacter's aerobic nature and neutrality in alkaline soil have allowed it to be used in the cultivation of many crops, including wheat, cotton, mustard, maize, and potato.

Bacillus and Pseudomonas are the most commonly used bacteria to provide phosphorous macronutrients for plants. Through the use of soluble bacteria, these biofertilizers can hydrolyze both organic and inorganic phosphates. In Asia Pacific, countries like Thailand, Australia, China and China have largely relied on synthetically-formulated phosphate fertilizers. The region's major agricultural input companies have decades-old facilities that serve the local farming community with synthetic fertilizers. This slightly reduces the availability of phosphate solubilizing agents in Asia Pacific.

Multinational companies in this spectrum are also working to mass-produce potassium mobilizing biofertilizers, zinc SOlubilizing product, and NPK consortia fluid products. Silicate bacteria is one of the most popular potassium solubilizing bacteria. This includes Bacillus glutalyticus, B. muclaginous and B. circulans.

Crop Type Insights

In 2019, the cereals and grains segment accounted for 76.4% of the total volume. For healthy growth, cereals and grains require a large amount of biofertilizer. Research conducted around the world showed that Azotobacter inoculation helped reduce nitrogen requirements by crops. For healthy wheat development, Azoteobacter and phosphate-soluble bacteria inoculation were highly effective biofertilizers. These bacteria are useful for grain and cereal cultivation and result in high plant growth and photosynthesis activity.

The fastest growing market in volume is expected to be oilseeds, pulses, and biofertilizers, where the CAGR will be 12.2% between 2020-2027. The product's use in oilseeds and pulses is attributed to the growing demand for sunflower, soybean, and groundnuts around the world. The demand for biofertilizers is expected to grow significantly over the forecast period due to numerous microbiological advances in the determination of the best composition of biofertilizers that can be used in wheat cultivation.

Due to the increasing demand for sunflower, soybean, sesamum and groundnut oilseeds, biofertilizer use in pulses and oilseeds was highest in North America and Asia Pacific. The most effective biofertilizer compositions have been shown to be efficient for all types of oilseed cultivation.

Application Insights

With a market share of 73.2%, product application was the leader in terms of volume. This is largely due to the nutritional benefits of the seeds. Over the last few years, soil quality has been severely affected by excessive use of synthetic fertilizers as well as a variety of crop care chemicals like pesticides and insects. Many governments have implemented regulations in the agricultural sector in all developed and developing countries to address the environmental risks posed by excessive use of chemical fertilizers in agriculture. This is expected to lead to a positive trend in biofertilizers across various soil and seed applications around the world.

Globally, seed inoculation (or seed treatment) is the most important aspect of application. The seed treatment involves dipping the seeds in a mixture phosphorus-nitrogen fertilizers. The seeds are then sun-dried before being sown in the field. The seeds are coated with an inoculant that promotes healthy and quick growth. Incorporating biofertilizers into seed treatment has the main objective to inducing essential nutrients like sulfur, zinc and nitrogen. This increases the nutritional value of vegetables and fruits as well as cereals and grains.

Biofertilizers are also important in soil treatment because they improve soil conditions and make it easier for plants to absorb the essential minerals. They can be applied to soil and fix nitrogen in soil. They can also be used to remove phosphate from the soil, making it available for plant consumption. It also improves soil mineralization by decomposing organic substances in soil. This enhances soil properties for cultivation. Biofertilizers can increase crop yield by around 15% to 25%.

Regional Insights

North America was the dominant market, with 32.6% of all revenue in 2019. The World of Organic Agriculture reported that in North America, 0.8% of total agricultural land was dedicated to organic farming. This figure is expected to rise to 5% by 2020. Significant changes have been made in agriculture trends and methods in both the U.S. & Canada due to increased government intervention in farming practices. To ensure long-term sustainability, organic farming is being practiced in more than 19,017 communities.

Asia Pacific will see a 13.1% CAGR between 2020 and 2027. Asia Pacific is home to a majority of the agrarian countries, including India, Thailand and South Korea, Malaysia, South Korea, Philippines, South Korea, South Korea, South Korea, Philippines, as well as many others who are moving towards sustainable agriculture.

This trend is supported by increasing consumer preference for organic foods, as well as regulatory initiatives and reforms implemented by various Asian governments. The rise in organic farming practices is accelerating the growth of the biofertilizers market. Latin America saw 12.9% growth over the forecast period, which is due to the adoption of sustainable agricultural practices by farmers in Argentina and Brazil.

21 countries in Asia Pacific have adopted organic harvesting regulations and standards. Five other Asian countries (Nepal, Bangladesh, Pakistan and Kyrgyzstan) are currently drafting such regulations. Asia Pacific accounted for more than 9% of all organic farming land worldwide, with arable crops accounting for over 45% and permanent crops accounting for 18%.

Market Share Insights & Key Companies

Biofertilizers are a fragmented market with many domestic companies focusing only on regional markets. Companies that are able to establish a strong presence in the global market are considered market leaders. Companies have created product formulations with natural ingredients that have been well received and have established a strong geographical presence. They have established a strong position on the market for biofertilizers through significant sales figures.

The new players in the biofertilizers market have integrated manufacturing and distribution, with a strong focus on product innovation. These companies are the leaders in product differentiation strategies and have created processes and products. These companies work closely with farmers to create customized products.

CBF China biofertilizer is a significant market player with a strong geographical presence. CBF China bio-fertilizer has made substantial inroads into China, which has the potential to be a major market over the next few years. It is expected that the company will continue to grow its market share through significant investments in product development and geographic expansion. The market leader in biofertilizers is:

• CBF China Biofertilizers

• Lallemand Inc.

• Novozymes A/S

• Fertilizers USA LLC

• AgriLife

• Symborg SL

Up Market Research published a new report titled “Biofertilizers Market research report which is segmented by Application (Soil Treatment, Seed Treatment), by Product (Phosphate Solubilizing, Nitrogen Fixing), By Players/Companies Novozymes A/S, CBF China Biofertilizers, AgriLife, Fertilizers USA LLC, Lallemand Inc, Symborg SL”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Biofertilizers Market Report Segments:

The market is segmented by Application (Soil Treatment, Seed Treatment), by Product (Phosphate Solubilizing, Nitrogen Fixing).

Biofertilizers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Biofertilizers Market

Overview of the regional outlook of the Biofertilizers Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Biofertilizers Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Biofertilizers Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Soil Treatment

                2. Seed Treatment

                1. Phosphate Solubilizing

                2. Nitrogen Fixing

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Biofertilizers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Biofertilizers Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.