The report " Biofertilizers Market by Form
(Liquid, Carrier-Based), Mode of Application (Soil Treatment, Seed Treatment),
Crop Type, Type (Nitrogen-Fixing, Phosphate Solubilizing & Mobilizing,
Potash Solubilizing & Mobilizing), Region - Global Forecast to 2025 " The biofertilizers
market is projected to reach USD 3.8 billion by 2025, from USD 2.0 billion in
2019, recording a CAGR of 11.2% during the forecast period. Rising awareness about
the hazards of chemical fertilizers among consumers, soil degradation, nitrate
emissions, along with government initiatives, is projected to witness
significant growth during the forecast period.
Growth in the organic food industry
Consumers, nowadays, are becoming highly concerned about food
safety issues, the rising residue levels in food, and environmental issues, due
to the rising concerns about their health. This rise in awareness has
induced them to prefer chemical-free food products. As a result, major
supermarket chains such as Wal-Mart and Cosco are increasing their product
offerings of organic foods. The restaurant industry in many developed
countries is also offering organic food menus to serve health-conscious consumers. The
growth in the organic food industry is triggering the demand for biofertilizers
and organic manures, as these are pre-requisites of organic farming.These
factors have increased organic retail sales in many countries, such as the US,
Germany, China, Switzerland, and Denmark.
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The nitrogen-fixing biofertilizers segment is estimated to
dominate the biofertilizers market due to the increasing acceptance and high
efficiency to fix atmospheric nitrogen.
The usage of fertilizers is high due to the growing food demand
and increasing crop production. Nitrogen fertilizers are among the highly
used by the farming community. Thus, there is a considerable demand for
nitrogen-fixing biofertilizers, which can be either used through carrier-based
powder form or else in liquid formulations in farming. Biological nitrogen
fixation is one of the ways of converting elemental nitrogen into a usable form
for the plants. Moreover, awareness of water pollution and nitrate
emissions is driving the need for alternative sustainable sources such as
nitrogen-fixing biofertilizers.
The growing area under cultivation of fruits & vegetables and the increasing adoption of biofertilizers to increase quality and shelf life provides tremendous growth opportunities for this segment
There is an increasing trend towards cultivation and demand for
fruits & vegetables due to the increase in per capita income, and rising
consumption of fruits & vegetables due to increasing health
awareness. The application of biofertilizers is also high, particularly
for fruits & vegetable due to high returns on investment as consumers are
willing to pay more for organic chemical-free products. Thus, with the
increase in production of fruits vegetable segment, the application of
biofertilizers is also expected to increase.
North America is projected to witness the highest growth in the biofertilizers market during the forecast period
North American countries have imposed bans on the usage of
harmful chemicals & fertilizers in agriculture due to its adverse effects
on the ecology. This, in turn, has created a significant market potential
for biofertilizers in the region. Also, increasing acceptance of organic
foods among consumers is opening doors for various international
players. Rapid growth in organic agriculture and rising demand for organic
food in the continent has attributed to the growth of biofertilizer market. As
per USDA and DOE, huge availability of biomass feedstock is also one of the
drivers for the market.
This report includes a study of the development strategies of
leading companies. The scope of this report consists of a detailed study
of biofertilizer manufacturers such as Novozymes (Denmark), Kiwa-Biotech
(China), Rizobacter Argentina SA (Argentina), Lallemand Inc. (Canada) and
Symborg (Spain).
Key questions addressed by the report:
- Which region will account for the highest
share in the biofertilizers market?
- How would the declining availability of
infrastructure impact the growth of the biofertilizers market globally?
- What are the trends and factors
responsible for influencing the adoption rate of biofertilizers in key
emerging countries? What is the level of support offered by
governments across these countries to the manufacturers?
- Which are the key players in the market
and how intense is the competition?
- Will the disruption in agriculture
technologies & practices impact the growth of the biofertilizers
market?
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