Biofertilizers are gaining significant impetus in the agriculture industry. The growing trend of organic farming, focus towards retaining the nutritional value of food products and concerns regarding environment sustainability are cumulatively fueling the demand for biofertilizers. In the present scenario, the nitrogen fixing segment accounts for more than 73% of the market revenue.
“The growth of organic farming is leading to production of agricultural products in a safer and environmentally sustainable way. This business opportunity is being capitalized by biofertilizers manufacturers. However, maintaining the appropriate quality standard is crucial for sustaining in the developed markets”.
North America and Europe together, contribute around 55% to the overall market in terms of revenue. In the next five years, the Asia Pacific region would account for more than 25% of the overall global biofertilizers consumption volume. Government initiatives towards promotion of green and sustainable farming would majorly contribute to the region’s biofertilizers market growth.
The detailed research study provides qualitative and quantitative analysis of the very market. The global biofertilizers market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue as well as sales volume across regions and further, across all the major countries. The supply side analysis covers regional production volume and capacity analysis. The geographical analysis done emphasizes on each of the major countries across North America, the Asia Pacific, Middle East and Africa and Latin America.
The global biofertilizers market has witnessed the presence of a number of key players operating actively and continuously investing in R&D activities. Some of the major players include Sigma AgriScience, LLC., Bio Power Lanka, Rizobacter Argentina S.A. (Rizobacter), Novozymes A/S (Novozymes), Lallemand Inc. (LALLEMAND Inc.), Gujarat State Fertilizers and Chemicals Ltd. ( GSFC), National Fertilizers Limited, Risehop, and AZOMURES (Azomure?) amongst others.
Sigma AgriScience is known to provide the most advanced granular biofertilizers and liquid biostimulants, which are designed to dramatically improve soil and plant health and ultimately increase product yield for every land type.
Biofertilizers Market - by Product Type
Biofertilizers Market - by Microorganisms
Biofertilizers Market - by Crop
Biofertilizers Market - by Form
Biofertilizers Market - by Application
Biofertilizers Market - by Region: