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Biofertilizers comprises living microbes, which when applied to seed, plant, and soil, stimulate growth by supplying essential nutrients, such as N, P, and other mineral nutrients. The rise in demand for organic products is booming, due to the increase in conscientious consumers, but also due to rising incomes, along with improved farming practices that make organic yields more robust. This resulted in increased adoption of biofertilizers. A total of 71.5 million hectares were organically managed at the end of 2018, representing a growth of 2.9 percent or 2 million hectares compared to 2017. Australia has the largest organic agricultural area (35.7 million hectares), followed by Argentina (3.6 million hectares), and China (3.1 million hectares). Due to the large area of organic farmland in Australia, half of the global organic agricultural land is in Oceania (36.0 million hectares). Europe has the second largest area (15.6 million hectares), followed by Latin America (8 million hectares). The organic area increased in all continents compared to 2017.
Globally, 1.5 percent of farmland is organic. However, many countries have far higher shares. As per IFOAM survey 2020, the countries with the largest organic share of their total farmland are Liechtenstein (38.5%), Samoa (34.5%), and Austria (24.7%). In sixteen countries, 10% or more of all agricultural land is organic.
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Furthermore, factors such as increased population has increased the need for organic food this has resulted in increased demand for biofertilizers, globally. In 2021, the global population is around 7 billion people, half of the global population is living in Asia, while one quarter of the global population resides in Africa. Moreover, the consumption of biofertilizers for agriculture use has significantly increased in Asia-Pacific region. As per Food and Agriculture Organization of the United Nations, in 2019, Asia used 6,258,499 tonnes of nitrogen nutrient and 24,051,102.26 tonnes of nutrient phosphate.
Novozyme, National Fertilizers Limited, Agrinos AS, Camson Bio Technologies Limited, Kiwa Bio-Tech Products group Corporation, Lallemand Inc, Rizobacter Argentina S.A., Monsanto BioAg, Mapleton Agribiotech, and Valent BioSciences are some of the prominent players operating in the global Biofertilizers market. Several M&A’s along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented in the Report
“Amongst product, nitrogen fixing biofertilizers segment holds the major share”
Based on product, the global Biofertilizers market is bifurcated into nitrogen fixing biofertilizers, phosphorus biofertilizers, compost biofertilizers, and liquid biofertilizers. The nitrogen fixing biofertilizers segment dominated the market with a share of --% in 2020 and is expected to maintain its dominance during the forecast period as nutrient nitrogen is required in all agricultural field worldwide. For instance, as per Food and Agriculture Organization of the United Nations Netherlands used 304.25 kg/ha of average nutrient nitrogen from 1961 to 2019.
“Amongst microorganisms, cyanobacter is anticipated to grow at the highest CAGR during the analyzed period”
Further based on microorganisms, the market is fragmented into rhizobium, azotobacter, azospirillum, cyanobacter, mycorrhiza, phosphate solubilizing bacteria, and other microorganisms. In 2020, cyanobacter accounted for a maximum market revenue share of --% and is expected to remain dominant during the analyzed period owing to its varied application. Cyanobacter-based biofertilizers offer reduced input cost, increase the bioavailability of phosphorus, and help in nutrient cycling as well as nitrogen fixation.
“Amongst crop, cereals & grains segment is anticipated to grow at the highest CAGR during the analyzed period”
Based on crop, the market is fragmented into fruits & vegetables, pulses & oilseed, and cereals & grains. In 2020, cereals & grains accounted for a maximum market revenue share of --% and is expected to remain dominant during the analyzed period as the cereal and grains cultivation provides high vegetation growth, and high photosynthesis activity. However, pulses and oil seeds are expected to experience fastest growth during the forecast period owing to the growing demand for soybean, sunflower, and groundnuts.
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“Amongst application, seed treatment segment is anticipated to grow at the highest CAGR during the analyzed period”
Based on application, the market is fragmented into seed treatment, soil treatment, and others. In 2020, seed treatment accounted for a maximum market revenue share of --% and is expected to remain dominant during the analyzed period owing to the benefits of induced nutritional values in the seeds.
“North America signifies one of the largest markets of Biofertilizers Market”
For a better understanding of the market dynamics of the Biofertilizers market, a detailed analysis was conducted for different regions across the globe including North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of USD -- billion in 2020 owing to the increased area of agricultural lands has also been boosting the demand for biofertilizers in the region. For instance, as per Knoema, the area of agricultural land increased from 4,030,811 million sq. km in 2012 to 4,058,104 million sq. km in 2018.
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Customization Options:
The Biofertilizers Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table Of Content
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 TOP START-UPs UNDER BIOFERTILIZERS INDUSTRY
6 COVID-19 IMPACT
7 GLOBAL BIOFERTILIZERS MARKET REVENUE
8 MARKET INSIGHTS BY PRODUCT
9 MARKET INSIGHTS BY MICROORGANISMS
10 MARKET INSIGHTS BY CROP
11 MARKET INSIGHTS BY APPLICATION
12 MARKET INSIGHTS BY REGION
13 BIOFERTILIZERS MARKET DYNAMICS
14 LEGAL & REGULATORY FRAMEWORK
15 DEMAND AND SUPPLY SIDE ANALYSIS
16 VALUE CHAIN ANALYSIS
17 BIOFERTILIZERS MARKET OPPORTUNITIES
18 BIOFERTLIZERS MARKET TRENDS & INSIGHTS
19 COMPETITIVE SCENARIO
20 COMPANY PROFILED
21 DISCLAIMER
About UnivDatos Market Insights
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