Global Biofertilizers Market is valued approximately USD 2.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11.6 % over the forecast period 2020-2027. Biofertilizer consists of living microorganisms, which helps to increase the supply of nutrients in plants for further growth. When applied to seed, soil, or plants, these biofertilizers can correct the nitrogen level in the soil, hence, supporting proper plant growth. The global Biofertilizers market is facing challenges due to the coronavirus pandemic as temporary lockdown in various countries. But the government introduced plans and initiatives to ensure that soil nutrients are available to farmers during the upcoming rabi (summer-sown) season, amid the COVID-19 outbreak. For instance, The Ministry of Chemicals and Fertilizers of India has constituted a team to prepare a road map in order to reforms and achieve higher growth in the fertilizer sector. The growth in the organic food industry, initiatives by government agencies and increasing awareness about the need for sustainability in modern agriculture, hazards of using chemical fertilizers and increase in the usage of biofertilizers in ranches and private farms are the few factors responsible for growth of the market over the forecast period. For Instance: as per Statista, the global sale of organic food was USD 18 billion in 2000 and has risen by USD 95 billion of global organic food sale in 2018. However, environmental and technological constraints and poor infrastructure & high initial investment is the major factor restraining the growth of global Biofertilizers market during the forecast period.

The regional analysis of global Biofertilizers market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the increasing acceptance of organic foods among consumers. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:

  • Novozymes A/S
  • National Fertilizers Limited
  • Madras Fertilizers Limited
  • Gujarat State Fertilizers & Chemicals Ltd
  • Rashtriya Chemicals & Fertilizers Ltd
  • Vegalab S.A
  • Chr. Hansen Holding A/S
  • Kiwa Bio-Tech
  • Rhizobacter Argentina S.A.
  • T.Stanes & Company Limited

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

  • Nitrogen-fixing biofertilizers
  • Phosphate solubilizing & mobilizing biofertilizers
  • Potassium solubilizing & mobilizing biofertilizers

By Crop Type:

  • Cereals & grains
  • Pulses & Oilseeds
  • Fruits & vegetables
  • Others

By Form:

  • Liquid
  • Carrier-based Biofertilizer

By Mode of Application:

  • Soil Treatment
  • Seed Treatment
  • Others

By Region:

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC
  • Latin America
  • Brazil
  • Mexico
  • Rest of the World

Furthermore, years considered for the study are as follows:

  • Historical year – 2017, 2018
  • Base year – 2019
  • Forecast period – 2020 to 2027

Target Audience of the Global Biofertilizers Market in Market Study:

  • Key Consulting Companies & Advisors
  • Large, medium-sized, and small enterprises
  • Venture capitalists
  • Value-Added Resellers (VARs)
  • Third-party knowledge providers
  • Investment bankers
  • Investors