According to IMARC Group's latest report, titled “ Biofertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ”, the global biofertilizer market share reached a value of US$ 2.38 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$5.31 Billion by 2027, exhibiting at a CAGR of 14.66% during 2022-2027.

Biofertilizer represents natural fertilizers made from biological waste that contains living microorganisms. They can be categorized into nitrogen-fixing and phosphate-fixing product types. In comparison to chemical fertilizers that offer direct nutrition to the plant, the biofertilizer variants help to improve overall soil fertility. They aid in decomposing organic matter and breaking down complex minerals for easy absorption by plants. Biofertilizer formulations do not allow pathogens to grow, thereby preventing crop diseases. Consequently, they find extensive applications in the agricultural segment across countries.

Request for a Free PDF sample report:  https://www.imarcgroup.com/biofertilizer-azotobacter-and-rhizobium-manufacturing-plant/requestsample

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

Biofertilizer Market Trends:

The expanding requirement for fertilizers that are compatible with sustainable and organic agricultural and farming practices is among the key factors driving the biofertilizer market. Additionally, the shifting consumer preferences toward organic food products and chemical-free produce are acting as significant growth-inducing factors. Apart from this, the growing awareness about the environmental and health hazards, owing to the use of synthetic agrichemicals, is also positively influencing the market growth. Moreover, the elevating need for nitrogen-fixing phosphate solubilizing product variant for correcting the nitrogen level in the soil and improving the production of several high-demand crops, such as rice, wheat, oilseeds, etc., is further stimulating the global market. Besides this,


Competitive Landscape with Key Players:

The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

Novozymes A/S
National Fertilizers Limited
Madras Fertilizers Limited
Gujarat State Fertilizers Chemicals Ltd.
Rizobacter Argentina SA
Stanes Company Limited
Camson Bio Technologies Limited
Rashtriya Chemicals Fertilizers Ltd.
Lallmand Inc.
Nutramax Laboratories, Inc.

Key Market Segmentation:

The report has categorized the market based on type, crop, microorganism and mode of application.

Breakup by Type:

Nitrogen-fixing biofertilizers
Phosphate-fixing biofertilizers
Others

Breakup by Crop:

Cereals and grains
Pulses and oilseeds
Fruits and vegetables
Others

Breakup by Microorganism:

Cyanobacter
Rhizobium
Phosphate Solubilizing Bacteria
Azotobacter
Others

Breakup by Mode of Application:

Seed treatment
Soil treatment
Other

Regional Insights:

Asia Pacific
North America
Europe
Others


Key highlights of the report:                                                    

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.


About Us:

IMARC Group is a leading market research company that offers strategy management and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Contact Us:

IMARC Group

134 N 4th St.

Brooklyn, NY 11249, USA

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800