Select license type

Please Select Linenece Type

Key Benefits

  • Consult directly with our domain leaders and get expert advice regarding the upcoming market.
  • Get the latest market insights and forecasts backed up by powerful research and statistical analysis
  • Customize the report as per your requirements and area of focus to avail great benefits for your business.

our clients
tiltle-brk

client-logo
client-logo2
client-logo3
client-logo4
client-logo
client-logo
client-logo
client-logo

"The quality of representation was outstanding. I never thought that understanding a complex market can be that much easy"

Adam Smith, Associate Director, Bain Capital

"More than just selling a report, the team was more focused towards the understanding of my requirements. Regular updation was the best part."

Koh Vivian, Product Development Manager, Swiss Bio Pharma

"Hats off to expert analysis, the team was very supporting and thanks for not charging me on additional data."

Erin Green, Director, Green Energy Consulting

" I really want to thank Goldstein Research for their efforts to make my project successful. F2F discussion with the market experts was excellent. Keep up the good work guyz "

Jorge Foyo, , Analyst, BCG
Market Research Report

Biofertilizer Industry Report: Global Market Trends, Growth Drivers, Challenges, Scope & Key-players Analysis By Bio-fertilizer Type, By Crop Type, By Application & By Region for Forecast Period 2016-2024

Published On : 2017-09-14 Report Page : 230 Category: Chemicals Minerals & Materials

Global Biofertilizer Industry

Market Overview

Agriculture has a significant place in all developed and developing nations where agrochemicals are mainly used to increase the production and to fulfill global needs. Adoption of liquid bio-fertilizers over conventional bio-fertilizers is gaining immense popularity in agriculture industry owing to its longer life span of 12-24 months. Liquid bio-fertilizers have better performance on soil and seeds which increases their efficiency due to negligible contamination. Moreover, adverse affects of chemical fertilizers are increasing the inclination towards the adoption of bio-fertilizers. Rising awareness regarding the importance of soil health maintenance and sustainable environmental development are contributing in gaining momentum for bio-fertilizers market across the globe.

Growing demand for organic food and environmental friendly agricultural methods are propelling the demand for bio-fertilizers in developed and developing economies. Smaller manufacturers of bio-fertilizers in emerging economies are majorly focusing to export bio-fertilizers to international market. For instance, India based biotechnology company Ajay Bio-Tech Ltd. is expanding its business in western markets along with the Asia-Pacific region. Furthermore, Government is also taking initiatives to provide trainings to farmers and creating awareness about the benefits of biofertilizers. Ban on the use of harmful fertilizers and pesticides by Food & Security agencies of government is likely to exhibit huge demand for organic fruits and vegetables. This promotional act by government is expected to have positive impact on the growth of bio-fertilizers market in the near future.

Market Segmentation

Global Biofertilizer Industry is categorized on the following basis:

Based on Biofertilizer Type

  • Nitrogen- Fixing Bio-fertilizers
  • Potash-Mobilizing Bio-fertilizers
  • Phosphate-Solubilizing Bio-fertilizers
  • Plant Growth Promoting Bio-fertilizers

Based on Crop Type

  • Fruits and Vegetables
  • Cereals and Grains
  • Oilseeds and Pulses
  • Other Crops ( Cash Crops, Fiber Crops, Forage Crops)

Based on Application

  • Soil Treatment
  • Seed Treatment

Based on Geography

  • North America (U.S. & Canada) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  •  Latin America (Brazil, Mexico & Rest of Latin America) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion), Growth Analysis (%) and Adoption (%)}
  •  Rest of World {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}

Biofertilizer Market Analysis: Size and Forecast (2016-2024)

The global bio-fertilizer market is projected to grow at CAGR 13.18 % during the forecast period. Global bio-fertilizer market valued USD 0.52 billion in 2016 and is estimated to reach over 3.4 billion by the end of 2024.

Nitrogen fixing bio-fertilizers is the dominating segment of bio-fertilizer market. Nitrogen fixing bio-fertilizer market valued USD 0.39 billion in 2015. Anti-fungal property of phosphate-solubilizing bio-fertilizer helps in increasing the consumption of cereals, pulses & oilseeds. Phosphate-solubilizing bio-fertilizer is estimated to witness healthy growth over the forecast period.

Asia-Pacific region is the largest consumer of bio-fertilizers and holds more than 32% revenue share of global biofertilizer industry. APAC is expected to reach USD 1.1 billion by 2024. Indian government invested USD 500 million for the establishment of bio-fertilizer plant to produce water soluble or liquid bio-fertilizers. Emerging economies such as China and India are mainly contributing in the growth of bio-fertilizer market in the region.

Europe biofertilizer industry is projected to prosper at a CAGR of 14.2% over the forecast period, on the back of implementation of common agricultural policies by European government through which farmers are paid subsidies for improving agricultural production. In 2014, to ensure fair standard of living for people who are dependent on agriculture, European Agricultural Fund for Rural Development (EAFRD) provided fund of USD 118 billion for 7 years plan.

Market Drivers and Challenges

Increasing health concerns mainly in developing countries is shifting people’s interest towards consumption of organic foods. High cost of chemical fertilizers and rising awareness about vulnerability of chemical fertilizers are primary factor to accelerate bio-fertilizers market in developing nations. Bio-fertilizers have strong resistance against crop diseases which is the major factor for driving market demand.

Lack of awareness and availability of bio-fertilizers amongst farmers are restraining the market growth in countries such as India, Myanmar and Nigeria. Negligible results of bio-fertilizers for standing crops are the major factor obstructing the adoption rate of bio-fertilizers by farmers. Changing cropping pattern of farmers, soil characteristics and unstable temperature negatively affects the efficiency of bio-fertilizers. Also, bio-fertilizers have less span of life cycle limited to 3-6 months restraining the use of bio-fertilizers.

Key Market Players

  • Gujarat State Fertilizers & Chemicals Ltd.
  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis
  • National Fertilizers Ltd.
  • Novozymes
  • Lallemand Inc.
  • Madras Fertilizers Limited (India)
  • Camson Bio Technologies Private Limited
  • Nachurs Alpine Solutions
  • International Panaacea Limited
  • Krishak Bharti Co-operative Ltd (KRIBHCO)
  • AZOMURES
  • Rizobacter Argentina S.A.
  • International Panaacea Limited
  • EuroChem Agro GmbH
  • Bio Power Lanka
  • Ajay Bio-Tech (India) Ltd
  • Agri Life
  • Antibiotice S.A.
  • Biomax

Scope Background

Market Synopsis

Market Segmentation

The Global Bio-Fertilizer Market is segmented as follows:

  • By Bio-Fertilizer Type (Market Size, Demand Analysis and Growth Analysis)
  • By Crop Type (Market Size, Demand Analysis and Growth Analysis)
  • By Application (Market Size, Demand Analysis and Growth Analysis)

By Regions

  • North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
  • Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
  • Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
  • Asia-Pacific (China, India, Singapore, Japan, Hong-Kong, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
  • Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
  • Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

  • Risk Factors
  • Regional Variations
  • Recent Trends and Developments

Key Market Players

  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks



Biofertilizer Industry Report: Global Market Trends, Growth Drivers, Challenges, Scope & Key-players Analysis By Bio-fertilizer Type, By Crop Type, By Application & By Region for Forecast Period 2016-2024

A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements

OR Call Us:+1-646-568-7747