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Biofertilizers Market- Analysis, Trends, Competitive Analysis, Opportunity & Forecast, 2027

Global Biofertilizers Market Size By Product (Nitrogen-Fixing, Potash-Mobilizing, Phosphate-Solubilizing), By Form (Dry and Liquid), By Application (Soil Treatment, Seed Treatment), By Crop (Pulses & Oil Seeds, Cereals & Grains, Fruits & Vegetables), By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), Analysis, Trends, Competitive Analysis, Opportunity & Forecast, 2027

Market Overview

Global Biofertilizers Market is expected to reach USD 4 billion by 2027 due to rising awareness of organic farming among the farmers. Biofertilizers refers to a substance which contains living microorganism which when applied to plants, it provides necessary nutrients to help plant growth. Biofertilizers are usually applied to seeds, soil by colonizing the rhizosphere of the plant. The input of biofertilizers can significantly increase the productivity of crops. 

Chemical fertilizers have been popular since the green revolution. But it has serious effects on the environment and the health of the consumers. Biofertilizers are a great alternative to chemical fertilizers, as they are not harmful to the environment. 

The need for sustainable farming has created a demand for biofertilizers market globally. Moreover, government policies towards reducing chemical fertilizers and promoting organic farming are influencing the market trend. Increasing food productivity by enhancing nutritional value, reducing harmful residues inland and improving plant growth are the key drivers of the biofertilizers market.

Chemical fertilizers available at low prices and lack of awareness among farmers are the major factors hindering the growth of Biofertilizer market globally. The market is fragmented due to the large regional producers. The competitors rely on value chain distribution to sustain a profitable business.   

Market Segmentation

Global Biofertilizers market can be segmented based on Product, Form, Application, Crop, and Region.

By Product, Biofertilizers market can be categorized into Nitrogen -Fixing, Potash-Mobilizing, Phosphate-SolubilizingThe nitrogen-fixing biofertilizer segment has a large market share due to its importance in the biochemical process. It is mostly used in leguminous plants. Now it is being used in non-leguminous, rice and sugarcane crops as well. The phosphate-solubilizing segment is expected to grow significantly during the forecasted period of 2020-27. Due to its nutrition absorption feature, there is an increasing demand for Phosphate solubilizing segment.          

By Form,  Biofertilizers market can be divided into Dry and Liquid. Dry biofertilizers lead the market with the largest market share due to its ease of handling and transportation.

Liquid fertilizers are significantly growing due to its longer shelf life and easy storage. But liquid fertilizers are expensive due to additional package cost. 

By Application,  Biofertilizers market can be segmented into Soil Treatment and Seed Treatment. Soil treatment is expected to grow highest in the forecasted period of 2020-27. As there is a constant need to enhance food production, Soil treatment helps to achieve desired productivity by enhancing the fertility of the soil. 

By Crop,  Biofertilizers market can be segmented into Pulses & Oil Seeds, Cereals & Grains, Fruits& Vegetables. Cereals& Grains lead the market due to the increasing demand for food grains. Fruits& Vegetables are likely to grow fastest during the forecasted period of 2020-27 due to rising demand for organic fruits and vegetables.

By Region, the Global Biofertilizers market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Regional Analysis

Regionally, the North American Biofertilizers market is leading to it has registered as the largest market share in 20219. Rising demand for organic food and the government-imposed ban on chemical fertilizers have created a huge market for biofertilizers in this region. Also, the availability of biomass feedstock in abundance is a key factor of growth.

Asia-Pacific biofertilizers market is expected to grow with fastest rate during the forecasted period of 2020-27. Increasing awareness of a healthy lifestyle, organic farming are the major drivers for growth in this region.

Competitor Analysis

Key market players in Global Biofertilizers market are Agri Life, T Stanes& company, International Panacea ltd, Rizobacter Argentina, Mapleton Agribiotech, Madras Fertilizers Limited, Novozymes, LallemandInc, SOM Phytopharma, KanBiosys, Kiwa Biotech, and others.

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