The North America biofertilizer market reached a value of US$ 552 Million in 2018. Biofertilizer stands for an organic substance containing living microorganisms which facilitates growth and strength of plant. It is applicable to seeds, plant surfaces, soil or plant’s interior, supplying essential primary nutrients for the plant. Biofertilizer helps in nitrogen fixation, stimulates plant growth, solubilizes phosphorus for plant and enhances soil fertility. Being an eco-friendly substance, it helps in reducing the usage of chemical fertilizers and pesticides. Rhizobium, Azetobacter, Azospirillum and blue green algae belonging to Nostoc, Anabaena, Tolypothrix and Aulosira genera are some of the commonly used biofertilizers.
North America hosts the largest biofertilizer market in the world. Increasing demand for organic food in the region has boosted demand for biofertilizers. Also, expanding land area for organic farming, easy availability of the product, suitable economical value and new innovations have profited the biofertilizer market. Rising awareness towards the several health and environmental benefits of biofertilizers will fuel the market in the upcoming years. Looking forward, IMARC Group expects the market to reach a value of US$ 1,149.1 Million by 2024, registering a CAGR of around 13% during 2019-2024.
North America Biofertilizer Market
Key Regions Analysed
Analysis for Each Country
Market by Type
Market by Crop
Cereals and Grains
Pulses and Oilseeds
Fruits and Vegetables
Market by Microorganism
Phosphate Solubilizing Bacteria
Market by Mode of Application
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Key Player Profiles
Key questions answered in this report:
How has the North America biofertilizer market performed so far and how will it perform in the coming years?
What are the key regions in the North America biofertilizer market?
What is the breakup of the North America biofertilizer market on the basis of type?
What is the breakup of the North America biofertilizer market on the basis of crop?
What is the breakup of the North America biofertilizer market on the basis of microorganism?
What is the breakup of the North America biofertilizer market on the basis of mode of application?
What are the various stages in the value chain of the North America biofertilizer industry?
What are the key driving factors and challenges in the North America biofertilizer industry?
What is the structure of the North America biofertilizer industry and who are the key players?
What is the degree of competition in the North America biofertilizer industry?
What are the profit margins in the North America biofertilizer industry?
Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Geography Covered: North America, United States, Canada and Mexico
Segments Covered: Type, Crop, Microorganism and Mode of Application
Report Customization: Although IMARC has tried to cover everything in the North America biofertilizer market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.