Global Biofertilizers market 2023, Comprehensive Analysis, Industry Survey, Growth and Major Policies Report

Market Overview:

The Global Biofertilizers market was estimated at USD 2.18 billion in 2021 and is anticipated to reach USD 4.23 billion by 2028, growing at a CAGR of 9.9% over the analysis period.

Biofertilizers refer to biological products containing living microorganisms that, when applied to seeds, plant surfaces, or soil, aid in plant growth. These microorganisms help increase nutrient uptake, root biomass, or root area and are crucial in mitigating hazards arising from the growing demand for food and the increasing chemical use of agroecosystems. The use of biofertilizers has been proven to increase agricultural productivity and product quality, which drives the growth of the biofertilizer market. The rising use of microbes in biofertilizers for sustainable farming practices and food safety is another significant factor driving the global biofertilizer market growth.

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Market Dynamics:

Driver:

The dynamic growth in the organic food industry is driving the Global Biofertilizers Market in multiple ways. Organic farming practices emphasize the use of natural inputs such as biofertilizers instead of synthetic fertilizers, which can have harmful effects on the environment and human health. being an organic and sustainable alternative to chemical fertilizers, have been gaining popularity among farmers. As a result, this has led to an increase in the demand for biofertilizers globally, which is driving the growth of the global biofertilizer market.

Opportunities:

One major opportunity in the global biofertilizers market is the increasing focus on sustainable agriculture practices. As the world population continues to grow, there is a higher demand for food, which has led to the overuse of chemical fertilizers and pesticides in conventional agriculture. This has resulted in environmental degradation and health risks to consumers. As a result, there has been a shift towards more sustainable agriculture practices that promote soil health, reduce chemical usage, and promote crop productivity. Biofertilizers, being organic in nature, have gained popularity as a key component in sustainable agriculture practices.

The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis

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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Form
• Liquid
• Carrier-based

By Product Type
• Phosphate solubilizing
• Nitrogen fixation

By Application
• Seed treatment
• Soil treatment

Regional Analysis Of Biofertilizers Market
North America is projected to dominate the market owing to the increasing acceptance of biofertilizers among rural farmers, rising demand for organic products, and high adoption of advanced irrigation systems such as sprinkler and drip irrigation for fertigation. A strict and significant regulatory environment in addition to an increasing preference for the usage of biofertilizer products has led to the rapid growth of the biofertilizer market in the North American region. Urbanization, mining, and industrialization have led to a decrease in arable land in the North American region. Along with the rapidly growing trend of practicing organic harvesting in the country, the U.S. population also adopted and increased the sale of organic food products.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Top Key Players Covered In Biofertilizers Market
• Novozymes A/S (Denmark)
• Bayers(Germany)
• UPL Limited (India)
• Gujarat State Fertilizers & Chemicals Ltd (India)
• Rizobacter Argentina S.A. (Argentina)
• Rashtriya Chemicals & Fertilizers Limited (India)
• T. Stanes & Company Limited India
• National Fertilizers Limited (India)
• Madras Fertilizers Limited (India)
• Alltech Inc (Kentucky)
• Blacksmith BioScience (US)
• EnviroKure Liquid Organic Fertilizer (Philadelphia) and other major players.

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Key Industry Development In The Biofertilizers Market
In February, 2022, UPL Ltd. has been included in the S&P Global Sustainability Yearbook 2022 for the second year running in recognition of its strong performance in environmental, social, and governance risk management.
In December, 2021, Bayer, Bushel, and Amazon Web Services (AWS) unveiled Project Carbonview. This has been conceptualized by Bayer Crop Science and developed in collaboration with Bushel and AWS. It is a first-of-its-kind technology solution that will help farmers in the United States drive more sustainable supply chains and mitigate the impact agriculture has on the environment by aggregating the carbon footprint of end products.

Table of Content: -
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 5: Biofertilizer Market by Form
Chapter 6: Biofertilizer Market by Product Type
Chapter 7: Biofertilizer Market by Application
Chapter 8: Company Profiles and Competitive Analysis
Chapter 9: Global Biofertilizer Market Analysis, Insights and Forecast, 2016-2028
To Be Continue….

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