Table of Content

1 INTRODUCTION 31
1.1 OBJECTIVES OF THE STUDY 31
1.2 MARKET DEFINITION 31
1.3 STUDY SCOPE 31
FIGURE 1 BIOFERTILIZERS: MARKET SEGMENTATION 32
1.3.1 REGIONAL SEGMENTATION 32
1.3.2 PERIODIZATION CONSIDERED 33
1.4 CURRENCY CONSIDERED 33
TABLE 1 USD EXCHANGE RATE, 2015–2019 34
1.5 STAKEHOLDERS 34
1.6 INCLUSIONS & EXCLUSIONS 35

2 RESEARCH METHODOLOGY 36
2.1 RESEARCH DATA 36
FIGURE 2 BIOFERTILIZERS: RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 37
2.1.2 PRIMARY DATA 37
2.1.2.1 Key industry insights 37
2.1.2.2 Breakdown of primary interviews 38
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 38
2.2 MARKET SIZE ESTIMATION 38
2.2.1 BOTTOM-UP APPROACH 39
FIGURE 4 BIOFERTILIZERS MARKET: BOTTOM-UP APPROACH 39
2.2.2 TOP-DOWN APPROACH 40
FIGURE 5 BIOFERTILIZERS MARKET: TOP-DOWN APPROACH 40
2.3 DATA TRIANGULATION 41
FIGURE 6 DATA TRIANGULATION 41
2.4 RESEARCH ASSUMPTIONS 42
2.5 LIMITATIONS 42

3 EXECUTIVE SUMMARY 43
FIGURE 7 BIOFERTILIZERS MARKET SIZE, BY TYPE, 2020 VS. 2025 (USD MILLION) 43
FIGURE 8 BIOFERTILIZERS MARKET SIZE, BY CROP TYPE, 2020 VS. 2025
(USD MILLION) 44
FIGURE 9 BIOFERTILIZERS MARKET SIZE, BY MODE OF APPLICATION,
2020 VS. 2025 (USD MILLION) 45
FIGURE 10 BIOFERTILIZERS MARKET: REGIONAL SNAPSHOT 46
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4 PREMIUM INSIGHTS 47
4.1 ATTRACTIVE OPPORTUNITIES IN THE BIOFERTILIZERS MARKET 47
FIGURE 11 HIGH GROWTH OPPORTUNITIES FOR BIOFERTILIZER MANUFACTURERS WITH THE INCREASE IN CULTIVATION OF ORGANIC CROPS 47
4.2 NORTH AMERICA: BIOFERTILIZERS MARKET, BY CROP TYPE & COUNTRY 48
FIGURE 12 FRUITS & VEGETABLE EXPORTS LED TO AN INCREASE IN DEMAND FOR BIOFERTILIZERS SIGNIFICANTLY IN NORTH AMERICA IN 2019 48
4.3 BIOFERTILIZERS MARKET, BY TYPE 49
FIGURE 13 PHOSPHATE SOLUBILIZING & MOBILIZING BIOFERTILIZERS GAINED BETTER DEMAND IN THE ASIA PACIFIC REGION IN 2019 49
4.4 BIOFERTILIZERS MARKET, BY KEY COUNTRY 50
FIGURE 14 THE US WAS ONE OF THE KEY ADOPTERS OF BIOFERTILIZERS IN THE GLOBAL MARKET IN 2019 50

5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MACROECONOMIC INDICATORS INFLUENCING THE BIOFERTILIZERS MARKET 51
5.2.1 POPULATION GROWTH AND DIVERSIFIED FOOD DEMAND 51
FIGURE 15 POPULATION GROWTH TREND, BY REGION, 1950–2050 (MILLION) 52
5.2.2 INCREASE IN ORGANIC FARM AREA 52
FIGURE 16 ORGANIC FARM AREA GROWTH TREND, BY KEY COUNTRY,
2015–2018 (’000 HA) 53
5.3 MARKET DYNAMICS 54
FIGURE 17 MARKET DYNAMICS: BIOFERTILIZERS MARKET 54
5.3.1 DRIVERS 55
5.3.1.1 Growth in the organic food industry 55
FIGURE 18 ORGANIC RETAIL SALES, 2015–2018 (USD MILLION) 55
5.3.1.2 Initiatives by government agencies and increasing awareness about the need for sustainability in modern agriculture 55
5.3.1.3 Hazards of using chemical fertilizers 56
5.3.1.4 Increase in the usage of biofertilizers in ranches and private farms 56
FIGURE 19 GROWTH TRENDS OF ORGANIC PRODUCERS, 2015–2018 57
5.3.2 RESTRAINTS 57
5.3.2.1 Environmental and technological constraints 57
5.3.2.2 Poor infrastructure & high initial investment 58
5.3.3 OPPORTUNITIES 58
5.3.3.1 New target markets: Asia Pacific & Africa 58
5.3.4 CHALLENGES 59
5.3.4.1 Lack of awareness & low adoption rate of biofertilizers 59
5.3.4.2 Supply of counterfeit and less-effective products 59
5.3.5 COVID-19 PANDEMIC IMPACT 60
FIGURE 20 PRE- & POST-COVID SCENARIO IN THE BIOFERTILIZERS MARKET 60
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5.4 REGULATORY FRAMEWORK 61
5.4.1 NORTH AMERICA 61
5.4.1.1 Canada 61
5.4.2 EUROPE 61
5.4.2.1 Spain 61
5.4.2.2 Italy 61
5.4.3 ASIA PACIFIC 62
5.4.3.1 India 62
5.4.3.2 China 62
5.4.3.3 Taiwan 62
5.4.3.4 Thailand 62
5.4.3.5 Australia 62
5.4.3.6 Vietnam 62
5.4.3.7 Philippines 63
5.4.3.8 Bhutan 63
5.4.4 SOUTH AMERICA 63
5.4.4.1 Brazil 63
5.4.5 REST OF THE WORLD 64
5.5 PATENT ANALYSIS 64
FIGURE 21 NUMBER OF PATENTS APPROVED FOR BIOFERTILIZER STRAINS IN THE GLOBAL MARKET, 2016–2019 64
FIGURE 22 REGIONAL ANALYSIS: PATENT APPROVAL FOR BIOFERTILIZER PRODUCTS, 2016–2019 65
TABLE 2 LIST OF MAJOR PATENTS PERTAINING TO BIOFERTILIZERS, 2017–2019 65

6 BIOFERTILIZERS MARKET, BY TYPE 67
6.1 INTRODUCTION 68
FIGURE 23 NITROGEN-FIXING BIOFERTILIZERS SEGMENT IS PROJECTED TO DOMINATE THE MARKET THROUGHOUT THE FORECAST PERIOD 68
TABLE 3 BIOFERTILIZERS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 68
TABLE 4 BIOFERTILIZERS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 69
6.2 NITROGEN-FIXING BIOFERTILIZERS 69
6.2.1 INCREASING AWARENESS ABOUT NITRATE EMISSIONS AND THE RESULTING WATER HYPOXIA DRIVES ITS ADOPTION 69
TABLE 5 NITROGEN-FIXING BIOFERTILIZERS MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 70
TABLE 6 NITROGEN-FIXING BIOFERTILIZERS MARKET SIZE, BY REGION,
2020–2025 (USD MILLION) 70
6.3 PHOSPHATE SOLUBILIZING & MOBILIZING BIOFERTILIZERS 70
6.3.1 RISE IN ADOPTION IN SUGARCANE, FRUITS, AND VEGETABLES 70
TABLE 7 PHOSPHATE SOLUBILIZING & MOBILIZING BIOFERTILIZERS MARKET SIZE,
BY REGION, 2016–2019 (USD MILLION) 71
TABLE 8 PHOSPHATE SOLUBILIZING & MOBILIZING BIOFERTILIZERS MARKET SIZE,
BY REGION, 2020–2025 (USD MILLION) 71
6.4 POTASH SOLUBILIZING & MOBILIZING BIOFERTILIZERS 72
6.4.1 HIGHER ADOPTION OF CARRIER-BASED POTASH SOLUBILIZING BIOFERTILIZERS FOR BETTER PRODUCTIVITY 72
TABLE 9 POTASH SOLUBILIZING & MOBILIZING BIOFERTILIZERS MARKET SIZE,
BY REGION, 2016–2019 (USD MILLION) 72
TABLE 10 POTASH SOLUBILIZING & MOBILIZING BIOFERTILIZERS MARKET SIZE,
BY REGION, 2020–2025 (USD MILLION) 72
6.5 OTHERS 73
6.5.1 INCREASE IN ADOPTION OF ZINC AND SULFUR SOLUBILIZERS AMONG SUGARCANE PRODUCERS 73
TABLE 11 OTHER BIOFERTILIZERS MARKET SIZE, BY REGION, 2016–2019
(USD MILLION) 73
TABLE 12 OTHER BIOFERTILIZERS MARKET SIZE, BY REGION, 2020–2025
(USD MILLION) 74

7 BIOFERTILIZERS MARKET, BY FORM 75
7.1 INTRODUCTION 76
FIGURE 24 LIQUID BIOFERTILIZER SEGMENT IS PROJECTED TO DOMINATE THE MARKET THROUGHOUT THE FORECAST PERIOD 76
TABLE 13 BIOFERTILIZERS MARKET SIZE, BY FORM, 2016–2019 (USD MILLION) 76
TABLE 14 BIOFERTILIZERS MARKET SIZE, BY FORM, 2020–2025 (USD MILLION) 77
7.2 LIQUID BIOFERTILIZERS 77
7.2.1 LONGER SHELF-LIFE COMPARED TO THAT OF CARRIER-BASED BIOFERTILIZERS 77
TABLE 15 LIQUID BIOFERTILIZERS MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 78
TABLE 16 LIQUID BIOFERTILIZERS MARKET SIZE MARKET SIZE, BY REGION,
2020–2025 (USD MILLION) 78
7.3 CARRIER-BASED BIOFERTILIZERS 79
7.3.1 RISE IN DEMAND FOR PELLETED POTASH MOBILIZING BIOFERTILIZERS 79
TABLE 17 CARRIER-BASED BIOFERTILIZERS MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 79
TABLE 18 CARRIER-BASED BIOFERTILIZERS MARKET SIZE, BY REGION,
2020–2025 (USD MILLION) 80
8 BIOFERTILIZERS MARKET, BY MODE OF APPLICATION 81
8.1 INTRODUCTION 82
FIGURE 25 SOIL TREATMENT SEGMENT IS PROJECTED TO DOMINATE THE MARKET THROUGHOUT THE FORECAST PERIOD 82
TABLE 19 BIOFERTILIZERS MARKET SIZE, BY MODE OF APPLICATION,
2016–2019 (USD MILLION) 82
TABLE 20 BIOFERTILIZERS MARKET SIZE, BY MODE OF APPLICATION,
2020–2025 (USD MILLION) 83
8.2 SOIL TREATMENT 83
8.2.1 INCREASE IN AWARENESS AND EASIER APPLICATION OF BIOFERTILIZERS TO FUEL THE DEMAND FOR SOIL TREATMENT AMONG FARMERS 83
TABLE 21 SOIL TREATMENT MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 84
TABLE 22 SOIL TREATMENT MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 84
8.3 SEED TREATMENT 84
8.3.1 LOW LABOR COSTS ASSOCIATED WITH SEED TREATMENT 84
TABLE 23 SEED TREATMENT MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 85
TABLE 24 SEED TREATMENT MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 85
8.4 OTHERS 86
TABLE 25 OTHER MODES MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 86
TABLE 26 OTHER MODES MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 86
9 BIOFERTILIZERS MARKET, BY CROP TYPE 87
9.1 INTRODUCTION 88
9.2 MACROINDICATORS 88
9.2.1 ADOPTION OF ORGANIC AGRICULTURE ACROSS THE GLOBE 88
FIGURE 26 ORGANIC AGRICULTURE WORLDWIDE IN 2018 (MILLION HECTARES) 88
FIGURE 27 FRUITS & VEGETABLES SEGMENT IS PROJECTED TO DOMINATE THE MARKET THROUGHOUT THE FORECAST PERIOD 89
TABLE 27 BIOFERTILIZERS MARKET SIZE, BY CROP TYPE, 2016–2019 (USD MILLION) 89
TABLE 28 BIOFERTILIZERS MARKET SIZE, BY CROP TYPE, 2020–2025 (USD MILLION) 90
9.3 CEREALS & GRAINS 90
9.3.1 GROWTH IN ADOPTION OF ASSOCIATIVE SYMBIOTIC AND FREE-LIVING BACTERIA FOR CEREAL CROPS SUCH AS RICE AND CORN 90
TABLE 29 BIOFERTILIZERS MARKET SIZE IN CEREAL & GRAIN CULTIVATION, BY REGION, 2016–2019 (USD MILLION) 91
TABLE 30 BIOFERTILIZERS MARKET SIZE IN CEREAL & GRAIN CULTIVATION, BY REGION, 2020–2025 (USD MILLION) 91
9.4 OILSEEDS & PULSES 92
9.4.1 RISE IN USAGE OF SOYBEAN AS FEED IS, IN TURN, INCREASING THE CONSUMPTION OF BIOFERTILIZERS 92
TABLE 31 BIOFERTILIZERS MARKET SIZE IN OILSEED & PULSE CULTIVATION,
BY REGION, 2016–2019 (USD MILLION) 92
TABLE 32 BIOFERTILIZERS MARKET SIZE IN OILSEED & PULSE CULTIVATION,
BY REGION, 2020–2025 (USD MILLION) 92
9.5 FRUITS & VEGETABLES 93
9.5.1 INCREASE IN TREND OF ORGANIC FRUITS & VEGETABLES DUE TO CHANGING LIFESTYLES 93
TABLE 33 BIOFERTILIZERS MARKET SIZE IN FRUIT & VEGETABLE CULTIVATION,
BY REGION, 2016–2019 (USD MILLION) 93
TABLE 34 BIOFERTILIZERS MARKET SIZE IN FRUIT & VEGETABLE CULTIVATION,
BY REGION, 2020–2025 (USD MILLION) 93
9.6 OTHER CROPS 94
9.6.1 GROWTH IN ADOPTION OF BIOFERTILIZERS AMONG SUGARCANE PLANTATION OWNERS 94
TABLE 35 BIOFERTILIZERS MARKET SIZE IN OTHER CROP CULTIVATION, BY REGION, 2016–2019 (USD MILLION) 94
TABLE 36 BIOFERTILIZERS MARKET SIZE IN OTHER CROP CULTIVATION, BY REGION, 2020–2025 (USD MILLION) 94
9.7 COVID-19 IMPACT ON CROP TYPES 95

10 BIOFERTILIZERS MARKET, BY REGION 96
10.1 INTRODUCTION 97
FIGURE 28 ARGENTINA IS PROJECTED TO RECORD THE HIGHEST GROWTH RATE AMONG THE COUNTRY-LEVEL MARKETS 98
TABLE 37 BIOFERTILIZERS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 98
TABLE 38 BIOFERTILIZERS MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 99
10.2 NORTH AMERICA 99
FIGURE 29 NORTH AMERICA: REGIONAL SNAPSHOT 100
TABLE 39 NORTH AMERICA: BIOFERTILIZERS MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 100
TABLE 40 NORTH AMERICA: BIOFERTILIZERS MARKET SIZE, BY COUNTRY,
2020–2025 (USD MILLION) 101
TABLE 41 NORTH AMERICA: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 101
TABLE 42 NORTH AMERICA: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 101
TABLE 43 NORTH AMERICA: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 102
TABLE 44 NORTH AMERICA: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 102
TABLE 45 NORTH AMERICA: BIOFERTILIZERS MARKET SIZE, BY MODE OF APPLICATION, 2016–2019 (USD MILLION) 103
TABLE 46 NORTH AMERICA: BIOFERTILIZERS MARKET SIZE, BY MODE OF APPLICATION, 2020–2025 (USD MILLION) 103
TABLE 47 NORTH AMERICA: BIOFERTILIZERS MARKET SIZE, BY FORM,
2016–2019 (USD MILLION) 103
TABLE 48 NORTH AMERICA: BIOFERTILIZERS MARKET SIZE, BY FORM,
2020–2025 (USD MILLION) 104
10.2.1 COVID-19 IMPACT ON NORTH AMERICA 104
10.2.2 US 104
10.2.2.1 Strengthening the supply channels of organic products for the feed and food industries to be a key factor for the growth in demand for biofertilizers 104
TABLE 49 US: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 105
TABLE 50 US: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 105
TABLE 51 US: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 106
TABLE 52 US: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 106
10.2.3 CANADA 107
10.2.3.1 The rise in organic farmlands is projected to encourage biofertilizer manufacturers to increase their production capacity 107
TABLE 53 CANADA: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 107
TABLE 54 CANADA: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 107
TABLE 55 CANADA: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 108
TABLE 56 CANADA: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 108
10.2.4 MEXICO 109
10.2.4.1 The rise in exports of fruits & vegetables to the US is projected to increase the adoption of biofertilizers among small organic producers 109
TABLE 57 MEXICO: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 109
TABLE 58 MEXICO: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 109
TABLE 59 MEXICO: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 110
TABLE 60 MEXICO: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 110
10.3 EUROPE 111
TABLE 61 EUROPE: BIOFERTILIZERS MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 111
TABLE 62 EUROPE: BIOFERTILIZERS MARKET SIZE, BY COUNTRY,
2020–2025 (USD MILLION) 112
TABLE 63 EUROPE: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 112
TABLE 64 EUROPE: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 113
TABLE 65 EUROPE: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 113
TABLE 66 EUROPE: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 113
TABLE 67 EUROPE: BIOFERTILIZERS MARKET SIZE, BY MODE OF APPLICATION,
2016–2019 (USD MILLION) 114
TABLE 68 EUROPE: BIOFERTILIZERS MARKET SIZE, BY MODE OF APPLICATION,
2020–2025 (USD MILLION) 114
TABLE 69 EUROPE: BIOFERTILIZERS MARKET SIZE, BY FORM,
2016–2019 (USD MILLION) 114
TABLE 70 EUROPE: BIOFERTILIZERS MARKET SIZE, BY FORM,
2020–2025 (USD MILLION) 115
10.3.1 GERMANY 115
10.3.1.1 Germany, an early adopter of EU agricultural standards and policies, would drive the market growth of nitrogen-fixing biofertilizers 115
TABLE 71 GERMANY: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 115
TABLE 72 GERMANY: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 116
TABLE 73 GERMANY: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 116
TABLE 74 GERMANY: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 116
_
10.3.2 FRANCE 117
10.3.2.1 Need for a rise in sustainable crop production has encouraged farmers to opt for organic practices 117
TABLE 75 FRANCE: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 117
TABLE 76 FRANCE: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 118
TABLE 77 FRANCE: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 118
TABLE 78 FRANCE: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 118
10.3.3 ITALY 119
10.3.3.1 Government initiatives to provide financial support to farmers 119
TABLE 79 ITALY: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 119
TABLE 80 ITALY: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 120
TABLE 81 ITALY: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 120
TABLE 82 ITALY: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 120
10.3.4 SPAIN 121
10.3.4.1 Increase in research & development to provide innovative products 121
TABLE 83 SPAIN: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 121
TABLE 84 SPAIN: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 121
TABLE 85 SPAIN: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 122
TABLE 86 SPAIN: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 122
10.3.5 UK 122
10.3.5.1 Greater awareness about the need for sustainable farming practices across the food and feed value chains 122
TABLE 87 UK: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 123
TABLE 88 UK: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 123
TABLE 89 UK: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE, 2016–2019 (USD MILLION) 123
TABLE 90 UK: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 124
10.3.6 RUSSIA 124
10.3.6.1 Greater focus to increase the production capacity of biofertilizers among agri-input players 124
TABLE 91 RUSSIA: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 124
TABLE 92 RUSSIA: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 125
TABLE 93 RUSSIA: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 125
TABLE 94 RUSSIA: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 125
10.3.7 REST OF EUROPE 126
TABLE 95 REST OF EUROPE: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 126
TABLE 96 REST OF EUROPE: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 127
TABLE 97 REST OF EUROPE: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 127
TABLE 98 REST OF EUROPE: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 127
10.4 ASIA PACIFIC 128
TABLE 99 ASIA PACIFIC: BIOFERTILIZERS MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 129
TABLE 100 ASIA PACIFIC: BIOFERTILIZERS MARKET SIZE, BY COUNTRY,
2020–2025 (USD MILLION) 129
TABLE 101 ASIA PACIFIC: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 130
TABLE 102 ASIA PACIFIC: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 130
TABLE 103 ASIA PACIFIC: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 130
TABLE 104 ASIA PACIFIC: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 131
TABLE 105 ASIA PACIFIC: BIOFERTILIZERS MARKET SIZE, BY MODE OF APPLICATION, 2016–2019 (USD MILLION) 131
TABLE 106 ASIA PACIFIC: BIOFERTILIZERS MARKET SIZE, BY MODE OF APPLICATION, 2020–2025 (USD MILLION) 131
TABLE 107 ASIA PACIFIC: BIOFERTILIZERS MARKET SIZE, BY FORM,
2016–2019 (USD MILLION) 132
TABLE 108 ASIA PACIFIC: BIOFERTILIZERS MARKET SIZE, BY FORM,
2020–2025 (USD MILLION) 132
10.4.1 CHINA 132
10.4.1.1 The increasing trend of utilizing biofertilizers for high-quality rice production 132
TABLE 109 CHINA: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 133
TABLE 110 CHINA: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 133
TABLE 111 CHINA: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 133
TABLE 112 CHINA: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 134
10.4.2 AUSTRALIA 134
10.4.2.1 Growth in the number of collaborative research projects to encourage the production of innovative products 134
TABLE 113 AUSTRALIA: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 135
TABLE 114 AUSTRALIA: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 135
TABLE 115 AUSTRALIA: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 135
TABLE 116 AUSTRALIA: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 136
10.4.3 JAPAN 136
10.4.3.1 Stronger emphasis on rice production using both traditional and modern practices is projected to drive the demand for biofertilizers 136
TABLE 117 JAPAN: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 136
TABLE 118 JAPAN: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 137
TABLE 119 JAPAN: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 137
TABLE 120 JAPAN: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 137
10.4.4 INDIA 138
10.4.4.1 Deeper market penetration at the district level with the growing number of biofertilizer manufacturers in the country to impact market growth 138
TABLE 121 INDIA: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 138
TABLE 122 INDIA: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 139
TABLE 123 INDIA: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 139
TABLE 124 INDIA: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 139
10.4.5 VIETNAM 140
10.4.5.1 Export of organic fruits & vegetables and an increase in sustainable rice cultivation practices are factors projected to drive the biofertilizers market 140
TABLE 125 VIETNAM: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 141
TABLE 126 VIETNAM: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 141
TABLE 127 VIETNAM: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 141
TABLE 128 VIETNAM: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 142
10.4.6 REST OF ASIA PACIFIC 142
TABLE 129 REST OF ASIA PACIFIC: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 143
TABLE 130 REST OF ASIA PACIFIC: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 143
TABLE 131 REST OF ASIA PACIFIC: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 143
TABLE 132 REST OF ASIA PACIFIC: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 144
10.5 REST OF THE WORLD 144
TABLE 133 ROW: BIOFERTILIZERS MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 145
TABLE 134 ROW: BIOFERTILIZERS MARKET SIZE, BY COUNTRY,
2020–2025 (USD MILLION) 145
TABLE 135 ROW: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 145
TABLE 136 ROW: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 146
TABLE 137 ROW: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 146
TABLE 138 ROW: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 146
TABLE 139 ROW: BIOFERTILIZERS MARKET SIZE, BY MODE OF APPLICATION,
2016–2019 (USD MILLION) 147
TABLE 140 ROW: BIOFERTILIZERS MARKET SIZE, BY MODE OF APPLICATION,
2020–2025 (USD MILLION) 147
TABLE 141 ROW: BIOFERTILIZERS MARKET SIZE, BY FORM, 2016–2019 (USD MILLION) 147
TABLE 142 ROW: BIOFERTILIZERS MARKET SIZE, BY FORM, 2020–2025 (USD MILLION) 148
10.5.1 BRAZIL 148
10.5.1.1 Increase in exports and research activities is a significant boost for the biofertilizers market 148
TABLE 143 BRAZIL: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 149
TABLE 144 BRAZIL: BIOFERTILIZERS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 149
TABLE 145 BRAZIL: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 149
TABLE 146 BRAZIL: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 150
10.5.2 SOUTH AFRICA 150
10.5.2.1 Increase in the exports of exotic fruits & vegetables would influence the biofertilizers market 150
TABLE 147 SOUTH AFRICA: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 151
TABLE 148 SOUTH AFRICA: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 151
TABLE 149 SOUTH AFRICA: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 151
TABLE 150 SOUTH AFRICA: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 152
10.5.3 ARGENTINA 152
10.5.3.1 High market penetration in the country with the help of local companies 152
TABLE 151 ARGENTINA: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 153
TABLE 152 ARGENTINA: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 153
TABLE 153 ARGENTINA: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 153
TABLE 154 ARGENTINA: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 154
10.5.4 OTHERS IN ROW 154
TABLE 155 OTHERS IN ROW: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 155
TABLE 156 OTHERS IN ROW: BIOFERTILIZERS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 155
TABLE 157 OTHERS IN ROW: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2016–2019 (USD MILLION) 155
TABLE 158 OTHERS IN ROW: BIOFERTILIZERS MARKET SIZE, BY CROP TYPE,
2020–2025 (USD MILLION) 156
11 COMPETITIVE LANDSCAPE 157
11.1 OVERVIEW 157
11.1.1 MARKET EVALUATION FRAMEWORK 158
FIGURE 30 BIOFERTILIZERS MARKET: TRENDS IN COMPANY STRATEGIES, 2017– 2020 158
11.2 MARKET RANKING 159
FIGURE 31 BIOFERTILIZERS MARKET: COMPANY RANKINGS, 2019 159
11.3 COMPETITIVE LEADERSHIP MAPPING 160
11.3.1 DYNAMIC DIFFERENTIATORS 160
11.3.2 INNOVATORS 160
11.3.3 VISIONARY LEADERS 160
11.3.4 EMERGING COMPANIES 160
FIGURE 32 BIOFERTILIZERS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019 161
FIGURE 33 KEY DEVELOPMENTS OF THE LEADING PLAYERS IN THE BIOFERTILIZERS MARKET, 2017–2020 162
11.4 COMPETITIVE SCENARIO 163
11.4.1 EXPANSIONS & INVESTMENTS 163
TABLE 159 EXPANSIONS & INVESTMENTS, 2017–2019 163
11.4.2 ACQUISITIONS 164
TABLE 160 ACQUISITIONS, 2017–2020 164
11.4.3 AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS 164
TABLE 161 AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS, 2017–2020 164
11.4.4 NEW PRODUCT LAUNCHES 165
TABLE 162 NEW PRODUCT LAUNCHES, 2017–2020 165
12 COMPANY PROFILES 166
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
12.1 NOVOZYMES A/S 166
FIGURE 34 NOVOZYMES A/S: COMPANY SNAPSHOT 166
FIGURE 35 NOVOZYMES A/S: SWOT ANALYSIS 168
12.2 NATIONAL FERTILIZERS LIMITED 169
FIGURE 36 NATIONAL FERTILIZERS LIMITED: COMPANY SNAPSHOT 169
FIGURE 37 NATIONAL FERTILIZERS LIMITED: SWOT ANALYSIS 171
12.3 MADRAS FERTILIZERS LIMITED 172
FIGURE 38 MADRAS FERTILIZERS LIMITED: COMPANY SNAPSHOT 172
FIGURE 39 MADRAS FERTILIZERS LIMITED: SWOT ANALYSIS 173
12.4 GUJARAT STATE FERTILIZERS & CHEMICALS LTD 175
FIGURE 40 GUJARAT STATE FERTILIZERS & CHEMICALS LTD: COMPANY SNAPSHOT 175
FIGURE 41 GUJARAT STATE FERTILIZERS & CHEMICALS LTD:: SWOT ANALYSIS 176
12.5 RASHTRIYA CHEMICALS & FERTILIZERS LTD 178
FIGURE 42 RASHTRIYA CHEMICALS & FERTILIZERS LTD: COMPANY SNAPSHOT 178
FIGURE 43 RASHTRIYA CHEMICAL & FERTILIZER LIMITED: SWOT ANALYSIS 179
12.6 VEGALAB S.A 180
FIGURE 44 VEGALAB S.A: COMPANY SNAPSHOT 180
12.7 CHR. HANSEN HOLDING A/S 182
FIGURE 45 CHR. HANSEN HOLDING A/S: COMPANY SNAPSHOT 182
12.8 KIWA BIO-TECH 184
FIGURE 46 KIWA BIO-TECH: COMPANY SNAPSHOT 184
12.9 RIZOBACTER ARGENTINA S.A. 187
12.10 T.STANES & COMPANY LIMITED 189
12.11 INTERNATIONAL PANAACEA LIMITED 191
12.12 LALLEMAND INC. 193
12.13 NUTRAMAX LABORATORIES, INC. 195
12.14 KAN BIOSYS 197
12.15 SYMBORG 199
12.16 SOMPHYTOPHARMA INDIA LIMITED 201
12.17 MAPLETON AGRI BIOTECH PT LTD 203
12.18 MANIDHARMA BIOTECH PVT LTD 204
12.19 BIOMAX NATURALS 205
12.20 SEIPASA 206
12.21 JAIPUR BIOFERTILIZERS 207
12.22 VARSHA BIOSCIENCE AND TECHNOLOGY INDIA PVT LTD 208
12.23 CRIYAGEN 209
12.24 LKB BIOFERTILIZER 210
12.25 AUMGENE BIOSCIENCES 211
*