Report overview
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.[1]?Biofertilizers add nutrients through the natural processes of?nitrogen fixation, solubilizing?phosphorus, and stimulating plant growth through the synthesis of growth-promoting substances. The micro-organisms in biofertilizers restore the soil's natural?nutrient cycle?and build?soil organic matter. Through the use of biofertilizers, healthy plants can be grown, while enhancing the sustainability and the health of the soil. Biofertilizers can be expected to reduce the use of synthetic?fertilizers?and?pesticides, but they are not yet able to replace their use. Since they play several roles, a preferred scientific term for such beneficial bacteria is "plant-growth promoting rhizobacteria" (PGPR)
This report contains market size and forecasts of Biofertilizer Product in global, including the following market information:
Global Biofertilizer Product Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Biofertilizer Product Market Sales, 2017-2022, 2023-2028, (K Tons)
Global top five Biofertilizer Product companies in 2021 (%)
The global Biofertilizer Product market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Nitrogen Fixing Microbes Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Biofertilizer Product include Novozymes A/S, Vegalab SA, UPL Limited, Chr.Hansen Holding A/S, Kiwa Bio-Tech, Lallemand Inc, Rizobacter Argentina SA, T. Stanes & Company Limited and IPL Biologicals Limited, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Biofertilizer Product manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Biofertilizer Product Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Tons)
Global Biofertilizer Product Market Segment Percentages, by Type, 2021 (%)
Nitrogen Fixing Microbes
Phosphate Solublizing and Mobilizing Microbes
Potassium Solublizing and Mobilizing Microbes
Others
Global Biofertilizer Product Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Tons)
Global Biofertilizer Product Market Segment Percentages, by Application, 2021 (%)
Cereals and Grains
Pulses and Oilseeds
Fruits and Vegetables
Other
Global Biofertilizer Product Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Tons)
Global Biofertilizer Product Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Biofertilizer Product revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Biofertilizer Product revenues share in global market, 2021 (%)
Key companies Biofertilizer Product sales in global market, 2017-2022 (Estimated), (K Tons)
Key companies Biofertilizer Product sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Novozymes A/S
Vegalab SA
UPL Limited
Chr.Hansen Holding A/S
Kiwa Bio-Tech
Lallemand Inc
Rizobacter Argentina SA
T. Stanes & Company Limited
IPL Biologicals Limited
Nutramax Laboratories Inc
Symborg
Kan Biosys
Mapleton Agri Biotech Pty Ltd
Seipasa
AgriLife
Manidharma Biotech Pvt Ltd
Biomax Naturals
Jaipur Bio Fertilizers
Valent BioSciences
Aumgene Biosciences
Agrinos
Criyagen
LKB BioFertilizer
Varsha Bioscience and Technology India Pvt Ltd
Valagro
