Biofertilizers Market by Type, by Crop Type (Cereals & Grains, Pulses & Oilseeds and Fruits & Vegetables), by Microorganism, by Form (Pure & Mixed Liquid Fermentations, Dispersible Granules and Pellets) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
According to the report Biofertilizers Market, published by Market Data Forecast, the Global market is projected to reach USD 1.9 billion by 2022, at a CAGR of 13.6% from 2017 to 2022
Biofertilizers are substances containing strains of microorganisms or some other living cells which can grow in the rhizosphere and enhance the nutrient availability to the plants. They are applied through seeds or soil.
They colonize at the roots of the plant and promote the microbial processes in the region. Use of biofertilizers is cost effective and is safe to the environment unlike chemical fertilizers.
Some microorganisms exhibit symbiotic relationship with the crop plants.
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Biofertilizers Market: Drivers & Restraints
Growing environmental concerns and health hazards due to the use of chemical fertilizers and increase in the demand for organic food products are boosting the market growth. Effective use of resources, reduction in the repetitive use of fertilizers and almost negligent contamination are also driving the market growth.
However, failure of the growth of microorganisms under unfavorable conditions and inability to completely replace other fertilizers are hindering the market growth.
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Biofertilizers Market: Segmentation
- Nitrogen Fixing
- Phosphate Solubilizing
- Potash Mobilizing
By Crop Type
- Cereals & Grains
- Pulses & Oilseeds
- Fruits & Vegetables
- Other Crops
- Phosphate Solubilizing Bacteria
- Other Microorganisms
By Mode of Application
- Seed Treatment
- Soil Treatment
- Other Modes
- Pure & Mixed Liquid Fermentations
- Dispersible Granules
- Other Forms
- North America
- o United States
- o Canada
- o K
- o Spain
- o Germany
- o Italy
- o France
- Asia Pacific
- o China
- o India
- o Japan
- o Australia
- o South Korea
- Latin America
- o Brazil
- o Argentina
- o Mexico
- o Rest of Latin America
- Middle East & Africa
- o Middle East
- o Africa
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Biofertilizers Market: Overview
Based on the type, Nitrogen fixing biofertilizers hold the largest market share. It is because nitrogen is the major nutrient required by the plants and is an essential part of every protein and biological process in the plant.
Based on microorganisms, rhizobium bacteria hold the largest market share as they accumulate nitrogen compounds near the plant roots. Based on the crop type, cereals and grains hold the largest market share.
They are generally leguminous crops and nitrogen fixing bacteria provide better production for these crops.
North America leads the Biofertilizers market. It is because of the increasing regulations on the usage of chemical fertilizers and increasing awareness among farmers.
Asia Pacific is expected to be the fastest growing market due to the huge consumer base and easy availability of raw materials for manufacturers.
Biofertilizers Market: Key Players
Major players in the Biofertilizers market are Camson Bio Technologies Limited, Lallemand Inc., Novozymes A/S, Rizobacter Argentina S.A., Symborg S.L., Nutramax Laboratories Inc., Mapleton Agri Biotech Private Ltd and AgriLife.
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