The global Biofertilizers market was valued at US$ 2591.9 million in 2022 and is projected to reach US$ 3243.1 million by 2029, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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 Biofertilizers, 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 Biofertilizers. This report contains market size and forecasts of Biofertilizers in global, including the following market information:
Global Biofertilizers Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Biofertilizers Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Biofertilizers companies in 2022 (%)
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 Biofertilizers 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 Biofertilizers Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Biofertilizers Market Segment Percentages, by Type, 2022 (%)
- Azotobacter
- Azospirillium
- Rhizobium
- Phosphate-Solubilizing Bacteria
- Cyanobacteria
- Others
Global Biofertilizers Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Biofertilizers Market Segment Percentages, by Application, 2022 (%)
- Seed Treatment
- Soil Treatment
- Others
Global Biofertilizers Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Biofertilizers 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 Biofertilizers revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Biofertilizers revenues share in global market, 2022 (%)
- Key companies Biofertilizers sales in global market, 2018-2023 (Estimated), (K MT)
- Key companies Biofertilizers sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Novozymes
- National Fertilizers
- Madras Fertilizers
- Gujarat State Fertilizers & Chemicals
- Rizobacter Argentina
- T.Stanes & Company
- Camson Bio Technologies
- Rashtriya Chemicals & Fertilizers
- Lallemand
- Nutramax Laboratories
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Biofertilizers, market overview.
- Chapter 2: Global Biofertilizers market size in revenue and volume.
- Chapter 3: Detailed analysis of Biofertilizers 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 Biofertilizers 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 Biofertilizers 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.