The demand in the Global Market for Biofertilizers is projected to augment at a robust CAGR of 12.9% during the forecast period of 2017 to 2025, gaining traction from a number of factors such as growing awareness regarding its health and environmental benefits, gradual shift from chemical-based farming techniques to organic practices, growing adoption of biofertilizers in soil fertility management activities, growth of the organic food industry, and rise in the cost of chemical fertilizers and pesticides. On the other hand, lack of awareness in several potential emerging markets, poor infrastructure, and technological constraints are obstructing the proper prosperity of the biofertilizers market.
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The global biofertilizers market is estimated to be worth US$4,092.1 mn by the end of 2025, up from its evaluated valuation of US$1,254.2 mn in 2016. As the awareness regarding biofertilizers grows in the emerging economies via persistent government support, the vendors of this market are expected to gain new opportunities.
Cereals and Grains Emerge as Profitable Application Segment
Application-wise, global biofertilizer market has been bifurcated into cereals and grains, fruits and vegetables, oil seeds and pulses and others segment including nursery turfs and ornamental plants. Currently, cereals and grains category provides the maximum demand for biofertilizers, owing to increasing population and decreasing arable land. It has been detected that cereals & grains need considerable amount of biofertilizers for proper growth. Rice, wheat, corn, oats, and barley are a few major cereal & grain crops cultivated extensively across the globe. Farmers have started to use biofertilizers as a replacement to chemical fertilizers as it helps in sustaining the soil nutrient generation cycle. This development has escalated the demand for biofertilizers, especially for cereal & grain cultivation.
Based on product, the global bio-fertilizer market has been segmented into phosphate mobilizing bio-fertilizer, nitrogen fixing bio-fertilizer, and potassium mobilizing bio-fertilizer. Some of the examples of nitrogen fixing bio-fertilizers are azotobacter, anabaena, clostridium, and nostoc. Examples for the phosphate mobilizing bio-fertilizers can be pantoea agglomerans, microbacterium laevaniformans, and psuedomonas putida Bacillus edaphicus, which is one of the most common potassium mobilizing biofertilizer.
The report estimates and forecasts the Bio Fertilizers market on the global, regional and country levels. The study provides forecast between 2017 and 2025 based on volume (Tons) and revenue (US$ Mn) with 2016 as the base year. The report comprises an exhaustive value chain analysis for each of the segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the Biofertilizers market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the Bio Fertilizers market on the global, regional and country level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of Biofertilizers and global average price trend analysis.
Global Biofertilizers Market: Research Methodology
The report includes Porter’s Five Forces Model to determine the degree of competition in the Biofertilizers market. The report comprises a qualitative write-up on market attractiveness analysis, wherein end-users and regions have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for Biofertilizers between 2017 and 2025.
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The study provides a comprehensive view of the Biofertilizers market by dividing it into, product, application, and geography segments. The product segment of the biofertilizers market is classified as nitrogen fixing, phosphate mobilizing and potassium mobilizing fertilizers The Biofertilizers market, by application has been categorized into oil seeds & pulses, cereals & grains, fruits & vegetables and others. The regional analysis of global biofertilizer market include includes the current and forecast consumption of biofertilizers in North America (U.S, Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America) , Europe (Germany, France, Russia, Spain, CIS, Greece, Ukraine, Italy, Serbia, and Rest of Europe),Asia Pacific (China, India, ASEAN (Excluding Indonesia and Vietnam), Japan, Australia, Rest of Asia Pacific), and Middle East & Africa (Iran, Israel, Nigeria, Morocco, Saudi Arabia, Egypt, Rest of Middle East & Africa).Favorable regulatory scenario in highly developed regions such as North America and Europe are driving the market of global biofertilizers.
Global Biofertilizers Market: Competitive Landscape
The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include PotashCorp Agri Life, Bodisen Biotech, Inc. , Italpollina SpA , Protan AG , Novozymes A/S , Gujarat State Fertilizers and Chemicals Ltd. , T. Stanes & Company Limited , Rashtriya Chemicals and Fertilizers Limited Symborg S.L, & Rizobacters Argentina S.A. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).
Secondary research sources that were typically referred to include, but were not limited to Food & Agricultural Organization(FAO), International Fertilizer Association (IFA), National Centre of Organic Farming (NCOF) and International Fertilizer Society (IFS). Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.
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The global biofertilizers market has been segmented as follows:
Biofertilizers Market – Product Analysis
Nitrogen Fixing
Phosphate Mobilizing
Potassium Mobilizing
Biofertilizers Market – Application Analysis
Cereals & Grains
Oil seeds & Pulses
Fruits & Vegetables
Others
Biofertilizers Market – Regional Analysis
North America
U.S.
Canada
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Europe
Germany
France
Russia
Spain
CIS
Greece
Ukraine
Italy
Serbia
Rest of Europe
Asia Pacific
China
India
ASEAN (Ex Indonesia & Vietnam)
Indonesia
Vietnam
Japan
Australia
Rest of Asia Pacific
Middle East & Africa
South Africa
Iran
Israel
Nigeria
Morocco
Saudi Arabia
Egypt
Rest of Middle East & Africa
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