Global Biofertilizers Market Estimated to Reach USD 4.3 Billion by 2026

11-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Biofertilizers Market By Type (Phosphate Solubilizing & Mobilizing Biofertilizers, Nitrogen-Fixing Biofertilizers, Potassium Solubilizing & Mobilizing Biofertilizers, and Others), By Form (Carrier-Based and Liquid), By Crop Type (Fruits & Vegetables, Pulses & Oilseeds, Cereals & Grains, and Others), By Mode of Application (Seed Treatment, Soil Treatment, Foliar Treatment, Root Dipping, and Seedling Root Treatment), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global biofertilizers market in 2019 surpassed USD 1.8 Billion. The market is expected to grow at a CAGR of around 12%and is anticipated to reach close to USD 4.3 Billion by 2026.

Biofertilizers are solid or liquid preparations comprising particular strains of microorganisms in the dormant or live form that eventually help crop plants to absorb nutritional components from the soil. Moreover, the microorganisms break down the complex non-absorbable components into a form that plants can easily assimilate.

Browse the full “Biofertilizers Market By Type (Phosphate Solubilizing & Mobilizing Biofertilizers, Nitrogen-Fixing Biofertilizers, Potassium Solubilizing & Mobilizing Biofertilizers, and Others), By Form (Carrier-Based and Liquid), By Crop Type (Fruits & Vegetables, Pulses & Oilseeds, Cereals & Grains, and Others), By Mode of Application (Seed Treatment, Soil Treatment, Foliar Treatment, Root Dipping, and Seedling Root Treatment), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/global-biofertilizers-market-by-type-phosphate-solubilizing-mobilizing-681

Owing to the excessive utilization of chemical fertilizers, the soil microflora has been degrading at a gradual rate that will end up with the non-fertile land. The chemical powders & sprays are not only degrading the soil fertility but also polluting the water bodies through the irrigation water. Therefore, the farmers and several core agricultural industries have been slowly shifting farming practices to organic.

The liquid biofertilizers segment holds the leading position in the global biofertilizers market

So far, the farmers have been preferring liquid biofertilizers over carrier-based biofertilizers (biofertilizers in solid form), as the shelf life of microorganisms is quite higher compared to the powder-based products. Apart from higher shelf life, liquid biofertilizers are economical, more convenient, thereby propelling the adoption of the product form segment across the globe.

The “nitrogen-fixing biofertilizers” under type segment is likely to witness substantial growth in the coming years

Nitrogen plays a crucial role in seed germination and plant growth. The nitrogen-fixing bacteria present in biofertilizers not only accumulate and convert nitrogen into absorbable form for plants but also secrete secondary metabolites that promote root growth. These nitrogen-fixing biofertilizers enhance the yield of both leguminous and non-leguminous crops. Therefore, the particular type segment is anticipated to dominate the global biofertilizers market in the coming years.

North America is anticipated to hold the dominating position in the global biofertilizers market during the forecast period

Owing to the hazardous impact on ecology, several governments in North America have imposed a ban on manufacturing, distributing, and using chemicals in the agricultural sector. Thus, offering multiple opportunities for the biofertilizers industry to expand its business across the region in the coming years.

Report Scope

Some of the key players driving the global biofertilizers market areRizobacter Argentina S.A, Kiwa-Biotech, International Panaacea Limited, Novozymes A/S, and Symborg, among others.

This report segments the global biofertilizers market as follows:

Global Biofertilizers Market: Type Segmentation Analysis

• Phosphate solubilizing & mobilizing biofertilizers
• Nitrogen-fixing biofertilizers
• Potassium solubilizing & mobilizing biofertilizers
• Others

Global Biofertilizers Market: Form Segmentation Analysis

• Carrier-based
• Liquid

Global Biofertilizers Market: Crop Type Segmentation Analysis

• Fruits & vegetables
• Pulses & Oilseeds
• Cereals & grains
• Others

Global Biofertilizers Market: Mode Of Application Segmentation Analysis

• Seed Treatment
• Soil Treatment
• Foliar treatment
• Root dipping
• Seedling root treatment

Global Biofertilizers Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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