Report overview
Biofertilizer are the substances which make use of microorganisms to fertile the soil. These fertilizers are not harmful to crops or other plants like the chemical fertilizers. They are actually taken from the animal wastes along with the microbial mixtures. Microorganisms are used to increase the level of nutrients in the plants. They let the plants grow in a healthy environment. They are also environment friendly and do not cause the pollution of any sort. Use of biofertilizers in the soil, makes the plants healthy as well as protect them from getting any diseases.
This report aims to provide a comprehensive presentation of the global market for Biofertilizer, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Biofertilizer. This report contains market size and forecasts of Biofertilizer in global, including the following market information:
Global Biofertilizer Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Biofertilizer Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Biofertilizer companies in 2022 (%)
The global Biofertilizer market was valued at US$ 2591.9 million in 2022 and is projected to reach US$ 4453.3 million by 2029, at a CAGR of 8.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Biofertilizer has a low concentration. The top five companies account for more than 12% of market share. Novozymes, Agri Life, Symborg, xi'an Delong Bio-industry and Maboshi are the tycoons of Biofertilizer. Novozymes is the largest manufacturer, with the market share of about 4%.
China is the largest consumption region, with a consumption market share nearly 30%. Following China, USA is the second largest consumption area with the consumption market share of about 26%.
In terms of application, biofertilizer can be applied in cereals & grains, pulses & oilseeds, fruits & vegetables and other. Pulses & oilseeds accounted for the largest market with about 45% of the global consumption for biofertilizer.
We surveyed the Biofertilizer 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 Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Biofertilizer Market Segment Percentages, by Type, 2022 (%)
Nitrogen-Fixing
Phosphate-Solubilizing
Potash-Mobilizing
Others
Global Biofertilizer Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Biofertilizer Market Segment Percentages, by Application, 2022 (%)
Grains
Pulses & Oilseeds
Fruits & Vegetables
Others
Global Biofertilizer Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Biofertilizer Market Segment Percentages, By Region and Country, 2022 (%)
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 revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Biofertilizer revenues share in global market, 2022 (%)
Key companies Biofertilizer sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Biofertilizer sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Novozymes
Biomax
RIZOBACTER
Agri Life
Symborg
National Fertilizers Limited
Batian
Xi'an Delong Bio-industry
Maboshi
Fertilzer King
Jinggeng Tianxia
Taigu Biological
Taibao Biological
Genliduo Bio-Tech
Beijing Leili Group
Qingdong Nongke
Yunye
Aokun Biological
XinJiang StarSeed Science and Technology
Laimujia
Outline of Major Chapters:
Chapter 1: Introduces the definition of Biofertilizer, market overview.
Chapter 2: Global Biofertilizer market size in revenue and volume.
Chapter 3: Detailed analysis of Biofertilizer manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Biofertilizer in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Biofertilizer capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
