Biofertilizers Market (Product - Nitrogen Fixing, Phosphate Mobilizing, Potassium Mobilizing; Application - Cereals & Grains, Fruits & Vegetables, and Oil seeds & Pulses) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Press Release :
Global Biofertilizers Market: Snapshot
The demand in the global market for biofertilizers is anticipated to surge at a hearty CAGR of 12.9% within the forecast period from 2017 to 2025, picking up footing from various factors, for example, growing awareness with respect to its wellbeing and environmental advantages, steady move from chemical farming strategies to natural organic ones, developing popularity of biofertilizers in soil fertility administration activities, development of the organic food sector, and ascend in the cost of pesticides and chemical fertilizers. Then again, less awareness in a few potential developing markets, poor framework, and technological limitations are hampering the potential growth of the biofertilizers market.
The global biofertilizers market is assessed to be worth US$4,092.1 mn before the end of forecast period, 2025, up from its assessed valuation of US$1,254.2 mn back in 2016. With the rise in awareness with respect to biofertilizers in the growing economies by means of steady government bolster, the players are expected to witness significant development in terms of revenue and growth.
Reduction in Arable Land to Help Demand for Biofertilizers
On the basis of application, global biofertilizers market has been segmented into fruits and vegetables, oil seeds and pulses, cereals and grains, and other segment such as ornamental plants and nursery turfs. As of now, oats and grains classification gives the highest demand for biofertilizers, attributable to diminishing arable land and substantial rise in population. It has been recognized that oats and grains require impressive measure of biofertilizers for appropriate development. Wheat, rice, oats, corn, and grain are a couple of significant oat and grain crops developed broadly over the globe. Ranchers have begun to utilize biofertilizers as a substitution to chemical manures as it helps in managing the soil supplement production cycle. This improvement has raised the demand for biofertilizers, particularly for oat and grain development.
In terms of product, the global bio-manure market is classified into phosphate mobilizing nitrogen fixing biofertilizers, biofertilizers, and potassium based biofertilizers. Among these the cases of nitrogen based biofertilizers are anabaena, nostoc, azotobacter, and clostridium. Cases for the phosphate manufacturing biofertilizer can be microbacterium laevaniformans, psuedomonas putida Bacillus edaphicus pantoea agglomerans, and, which is a standout amongst the most widely recognized potassium activating biofertilizers.
Increase in High Yielding Product to Support Demand in North America
On the basis of geography, the global biofertilizers market is segmented into North America, Europe, Africa, Latin America, The Middle East, and Asia Pacific. Regarding utilization, North America at present serves the most surged demand for biofertilizers, trailed by Europe. This rise in demand for biofertilizers from these two regions can be credited to the good administrative situation in these regions that include several nations, for example, The U.S., Canada, Russia, and Germany. The rise in demand for high yielding products are more in these region as well. The need for biofertilizers in North America is additionally an impression of the advancement of biotechnology and in addition progressions in molecular biology. Common Agricultural Policy planned by the European government supports organic farming and the utilization of biofertilizers. In Asia-Pacific district, the market for biofertilizers is anticipated to thrive in the coming years inferable from the overall innovations and growth in population in the mentioned region.
Some of the key players operating in the biofertilizers market are Novozymes A/S, Biomax, Protan AG, T. Stanes & Company Limited, Bodisen Biotech, Inc., PotashCorp Agri Life, Symborg S.LGujarat State Fertilizers and Chemicals Ltd., Italpollina SpA , Rizobacters Argentina S.A, and Rashtriya Chemicals and Fertilizers Ltd.
Global Biofertilizers Market: Overview
Biofertilizers are the substances which make use of the living micro-organisms and are applied to seed, plant surfaces, or soil. They promote the growth of the plants by supplying adequate amount of nutrients and improve the quality and yield of the crops. The three major biofertilizers existing in the market are nitrogen fixing bio-fertilizer, phosphate mobilizing bio-fertilizer and potassium mobilizing bio-fertilizer. Biofertilizers add nutrients through the natural processes of fixing atmospheric nitrogen, solubilizing phosphorous, and stimulating plant growth through the synthesis of growth promoting substances. The benefits of Biofertilizers include longer shelf life, less contamination, better survival on seeds and soil, high commercial revenues and export potential. Biofertilizers help to increase the nutrient absorbing surface area beyond the depletion zone of the root. Different kinds of soil micro-organisms belonging to several taxa of the bacteria, fungi, and protozoa kingdoms, colonizing the rhizosphere or the plant tissues and promoting plant growth, can be utilized for the production of Biofertilizers.
Global Biofertilizers Market: Segmentation
Global bio-fertilizer market can be segmented on the basis of product and applications. The product segment of bio-fertilizer market includes nitrogen fixing bio-fertilizer, phosphate mobilizing bio-fertilizer and potassium mobilizing bio-fertilizer. In terms of application, global biofertilizer market can be categorized into cereals and grains, fruits and vegetables, oil seeds and pulses and others segment including nursery turfs and ornamental plants.
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.
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.
The global biofertilizers market has been segmented as follows: