Global Biofertilizer Market Expected To Reach $ 6.61 Billion By 2028 | Strategy market research consultancy
“Biofertilizer Market Data Analysis and Industry Growth | Consulting in market research in strategy »
The size of the biofertilizer market is expected to grow from US $ 2.33 billion in 2020 to US $ 6.61 billion by 2028, at a CAGR of 13.9%.
The market report “Biofertilizers Market by Types (Plant Growth Promoting Biofertilizers, Nitrogen Fixing Biofertilizers, Potassium Solubilizing and Mobilizing Biofertilizers, Phosphate Solubilizing and Mobilizing Biofertilizers, Compost Biofertilizers and Other Types), Crop Types ( cereals and grains, fruits and vegetables, legumes) and oilseeds, plantation crops, legumes, cash crops and other types of crops), modes of application (soil treatment, seed treatment, land treatment, treatment of dryers and other modes of application), forms (pure and mixed liquid fermentations, solids / dry, powder, granules, dispersible and carrier-based granules), microorganisms (Rhizobium, Azotobacter, bacteria solubilizing phosphates, Cyanobacter / blue algae- green, Azospirillum, Bacillus, Aulosira, Pseudomonas, Azolla, vesicular-arbuscular mycorrhiza (VAM), and other microorganisms) and region – Forecast until 2028 ”. The biofertilizer market is growing at a CAGR of 13.9% by 2028, due to the need to improve soil organic matter.
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The latest market research published on the Global Biofertilizer Market provides an overview of the current biofertilizer market dynamics around the world, as well as what our respondents (all outsourcing makers) are predicting the market for in 2028. The study breaks down the market by revenue and volume (if applicable) and price history to estimate size and analyze trends and identify gaps and opportunities.
The recent research publication on the Global Biofertilizer Market provides insight into the changing competitive environment, life cycle stage, and opportunities. The survey of investors and stakeholders of Worldwide Biofertilizers in this sector, APAC, EMEA and the Americas, reveals information such as large-scale projects with regulatory environments by country, grants, tax incentives and direct investment. Along with this business comes a flow of M&A activity and growth from Worldwide Biofertilizers, as producers strive to stay ahead of the game.
Browse the full report with 390 data tables and over 65 numbers here: https://www.strategymrc.com/report/biofertilizers-market/toc
Based on the type, the nitrogen fixing biofertilizer segment is expected to grow to the highest CAGR segment during the study period. and mobilization of biofertilizers, compost biofertilizers and other types. The Nitrogen Fixing Biofertilizers segment is estimated to be the fastest growing market segment driven strongly by its ability to convert nitrogen into organic compounds.
By geography, Asia-Pacific is expected to dominate the market Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, Middle East, and Africa. Asia-Pacific enjoys a dominant position in the biofertilizer market. The growth of the regional market is mainly attributed to the increased practice of organic farming. Governments in the region provide grants and other financial assistance to farmers to promote organic farming.
The main players in this market are Novozymes A / S, Chr. Hansen Holding A / S, National Fertilizers Limited, Kiwa Bio-Tech, Vegalab SA, Nutramax Laboratories, Inc., Rhizobacter Argentina SA, Madras Fertilizers Limited, Mapleton Agri Biotech Pt Ltd, Lallemand Inc., Kan Biosys, T. Stanes & Company Limited, International Panaacea Limited, Biomax Naturals, Somphytopharma India Limited, Criyagen, Aumgene Biosciences and Symborg.
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