HOME Top Market Reports Biofertilizers Market by Type (Nitrogen-fixing, Phosphate-solubilizing & Potash- mobilizing), Microorganisms (Rhizobium, Azotobacter, Azospirillum, Cyanobacteria & Phosphate-Solubilizing Bacteria), Application, Crop Type & by Region - Global Forecast to 2020

Biofertilizers Market by Type (Nitrogen-fixing, Phosphate-solubilizing & Potash- mobilizing), Microorganisms (Rhizobium, Azotobacter, Azospirillum, Cyanobacteria & Phosphate-Solubilizing Bacteria), Application, Crop Type & by Region - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: August 2015
Report Code: AGI 2569

 

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The increasing awareness regarding health and wellness, the growing organic food industry, and the significant increase in the price of chemicals have played a huge role in providing the necessary boost to the global biofertilizers industry.  Global Biofertilizers Market is expected to reach USD 1.88 Billion by 2020 at a CAGR of 14.0% from 2015 to 2020. The phosphate-solubilizing segment is the fastest- growing market in the biofertilizers industry across the globe.

This report provides a full analysis of key companies and competitive analysis of developments recorded in the industry during the past five years. In the report, market drivers, restraints, opportunities, and challenges have been discussed in detail. Leading players of the market such as Gujarat State Fertilizers & Chemicals Ltd. (India), Novozymes A/S (Denmark) ,  Rizobacter Argentina S.A. (Argentina), Camson Bio Technologies Limited (India), and Lallemand Inc. (Canada), National Fertilizers Limited (India), Madras Fertilizers Limited (India), T. Stanes & Company Limited (India), Rashtriya Chemicals & Fertilizers Ltd. (India), and Nutramax Laboratories Inc. (U.S.) have been profiled to provide an insight of the competitive scenario in the biofertilizers market.

Strategic expansions and partnerships & joint ventures have been the key strategies adopted by leading companies to bridge the existing gaps in their product offerings, end market requirements, and geographical constraints. Companies have also adopted acquisitions and investments to accommodate the fast changing technologies in the application areas and to increase their market share. These strategies have been adopted by leading companies to ensure retention of considerable market share within the biofertilizers market.

Biofertilizers Market

Scope of the report

This research categorizes the global biofertilizers market based on type, crop type, microorganisms, application, and region.

On the basis of type, the biofertilizers market has been segmented as follows:

  • Nitrogen-fixing
  • Phosphate-solubilizing
  • Potash-mobilizing
  • Others (zinc, boron, and sulfur-solubilizing biofertilizers)

On the basis of crop type, the biofertilizers market has been segmented as follows:

  • Cereals & grains
  • Pulses & oilseeds
  • Fruits & vegetables
  • Others (turf & ornamentals, plantation crops, fiber crops, spices, and silage & forage crops)

On the basis of microorganisms, the biofertilizers market has been segmented as follows:

  • Rhizobium
  • Azotobacter
  • Azospirillum
  • Cyanobacteria
  • Phosphate solubilizing bacteria
  • Others (potash-mobilizing, zinc biofertilizers, sulfur-solubilizing biofertilizers, and manganese solubilizer)

On the basis of application, the biofertilizers market has been segmented as follows:

  • Seed
  • Soil
  • Others (set treatment, foliar treatment, root dipping, and seedling root treatment)

On the basis of region, the biofertilizers market has been segmented as follows:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the Rest of Asia-Pacific biofertilizers market into Malaysia, Thailand, Indonesia, and Vietnam
  • Further breakdown of other countries in RoW biofertilizers market into Argentina, Madagascar, Morocco, Chile, Peru, and Sudan

Company Information

  • Detailed analyses and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency Considered for the Study
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                    2.2.2.1 Population Growth and Diversified Food Demand
                    2.2.2.2 Increasing Farm Expenditures
           2.2.3 Supply-Side Analysis
                    2.2.3.1 Parent Market Analysis: Fertilizers Market Growth
                    2.2.3.2 Fluctuation in Raw Material Prices
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions & Limitations
           2.5.1 Assumptions
           2.5.2 Limitations

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 40)
    4.1 Attractive Opportunities in Biofertilizers Market
    4.2 Biofertilizers Market, By Crop Type
    4.3 Biofertilizers Market, By Type
    4.4 North American Biofertilizers Market
    4.5 Biofertilizers Market, By Microorganism
    4.6 Biofertilizers: Market Share of Top Countries, 2014
    4.7 Life Cycle Analysis: Asia-Pacific & Latin America are Attractive Markets for Investment

5 Market Overview (Page No. - 47)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Type
           5.3.2 By Crop Type
           5.3.3 By Microorganisms
           5.3.4 By Application Method
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Growth in Organic Food Industry
                    5.4.1.2 Promotion By Government Agencies
                    5.4.1.3 Hazards of Chemical Fertilizers
                    5.4.1.4 Rise in Costs of Chemical Fertilizers & Pesticides
           5.4.2 Restraints
                    5.4.2.1 Lack of Awareness & Low Adoption-Rate of Biofertilizers
                    5.4.2.2 Poor Infrastructure
           5.4.3 Opportunities
                    5.4.3.1 New Target Markets: Asia-Pacific & Latin America
           5.4.4 Challenges
                    5.4.4.1 Technological & Environmental Constraints
           5.4.5 Burning Issue
                    5.4.5.1 Supply of Counterfeit Products

6 Industry Trends (Page No. - 66)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
           6.3.1 Prominent Companies
           6.3.2 Small & Medium Enterprises
           6.3.3 End Users (Manufacturers/Consumers)
           6.3.4 Key Influencers
    6.4 Regulatory Environment
    6.5 Porter’s Five Forces Analysis
           6.5.1 Intensity of Competitive Rivalry
           6.5.2 Bargaining Power of Buyers
           6.5.3 Bargaining Power of Suppliers
           6.5.4 Threat of New Entrants
           6.5.5 Threat of Substitutes
    6.6 Strategic Benchmarking
           6.6.1 Expansions
           6.6.2 Expansion Through Agreements, Acquisitions, and Joint Ventures

7 Biofertilizers Market, By Type (Page No. - 77)
    7.1 Introduction
    7.2 Nitrogen-Fixing
    7.3 Phosphate-Solubilizing
    7.4 Potash-Mobilizing
    7.5 Others

8 Biofertilizers Market, By Microorganism (Page No. - 84)
    8.1 Introduction
    8.2 Azotobacter
    8.3 Azospirillum
    8.4 Rhizobium
    8.5 Phosphate-Solubilizing Bacteria
    8.6 Cyanobacteria (Blue Green Algae)
    8.7 Others

9 Biofertilizers Market, By Application Method (Page No. - 93)
    9.1 Introduction
    9.2 Seed Treatment
    9.3 Soil Treatment
    9.4 Others

10 Biofertilizers Market, By Crop Type (Page No. - 98)
     10.1 Introduction
     10.2 Cereals & Grains
     10.3 Pulses & Oilseeds
     10.4 Fruits & Vegetables
     10.5 Others

11 Biofertilizers Market, By Region (Page No. - 106)
     11.1 Introduction
     11.2 Pest Analysis
             11.2.1 Political Factors
             11.2.2 Economic Factors
             11.2.3 Social Factors
             11.2.4 Technological Factors
     11.3 North America
             11.3.1 U.S.
             11.3.2 Canada
             11.3.3 Mexico
     11.4 Europe
             11.4.1 Germany
             11.4.2 France
             11.4.3 Italy
             11.4.4 Spain
             11.4.5 Rest of Europe
     11.5 Asia-Pacific
             11.5.1 China
             11.5.2 India
             11.5.3 Japan
             11.5.4 Australia
             11.5.5 Rest of Asia-Pacific
     11.6 Latin America
             11.6.1 Brazil
             11.6.2 Argentina
             11.6.3 Rest of Latin America
     11.7 Rest of the World (RoW)
             11.7.1 South Africa
             11.7.2 Others in RoW

12 Competitive Landscape (Page No. - 146)
     12.1 Overview
     12.2 Biofertilizers Market Share Analysis
     12.3 Competitive Situation & Trends
             12.3.1 Expansions
             12.3.2 Collaborations, Partnerships, Joint Ventures, and Agreements
             12.3.3 Acquisitions
             12.3.4 Investment

13 Company Profiles (Page No. - 152)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     13.1 Introduction
     13.2 Novozymes A/S
     13.3 National Fertilizers Limited
     13.4 Madras Fertilizers Limited
     13.5 Gujarat State Fertilizers & Chemicals Ltd.
     13.6 Rizobacter Argentina S.A.
     13.7 T. Stanes & Company Limited
     13.8 Camson Bio Technologies Limited
     13.9 Rashtriya Chemicals & Fertilizers Ltd.
     13.10 Lallemand Inc.
     13.11 Nutramax Laboratories Inc.

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 178)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Company Developments
             14.3.1 Expansions
             14.3.2 Agreements, Partnerships, Joint Ventures & Collaborations
             14.3.3 Acquisitions
     14.4 Introducing RT: Real Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports


List of Tables (79 Tables)

Table 1 Funds Allocated Under Various Schemes for Use of Biofertilizers in India (Rs. Crore)
Table 2 Average U.S. Farm Prices of Selected Fertilizers (USD Per Material Short Ton)
Table 3 Key Drivers of Biofertilizers Market
Table 4 Response of Farmers
Table 5 Mean Distance Travelled By Agro-Input Dealers to Get Farm Inputs (In Miles)
Table 6 Key Restraints of Biofertilizers Market
Table 7 Key Opportunity in Biofertilizers Market
Table 8 Key Challenges in Biofertilizers Market
Table 9 Share of Organized Retail in Developing Countries
Table 10 Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 11 Nitrogen-Fixing Biofertilizers Market Size, By Region, 2013-2020 (USD Million)
Table 12 Phosphate-Solubilizing Biofertilizers Market Size, By Region, 2013-2020 (USD Million)
Table 13 Potash-Mobilizing Biofertilizers Market Size, By Region, 2013-2020 (USD Million)
Table 14 Other Biofertilizers Market Size, By Region, 2013-2020 (USD Million)
Table 15 Biofertilizers Market Size, By Microorganism, 2013-2020 (USD Million)
Table 16 Azotobacter Biofertilizers Market Size, By Region, 2013-2020 (USD Million)
Table 17 Azopirillum Biofertilizers Market Size, By Region, 2013-2020 (USD Million)
Table 18 Rhizobium Biofertilizers Market Size, By Region, 2013-2020 (USD Million)
Table 19 Phosphate-Solubilizing Bacteria Biofertilizers Market Size, By Region, 2013-2020 (USD Million)
Table 20 Cyanobacteria (Blue Green Algae) Biofertilizers Market Size, By Region, 2013-2020 (USD Million)
Table 21 Other Biofertilizers Market Size, By Region, 2013-2020 (USD Million)
Table 22 Biofertilizers Market Size, By Application Method, 2013-2020 (USD Million)
Table 23 Summary of Application Methods
Table 24 Seed Treatment of Biofertilizers Market Size, By Region, 2013-2020 (USD Million)
Table 25 Soil Treatment of Biofertilizers Market Size, By Region, 2013-2020 (USD Million)
Table 26 Other Treatments of Biofertilizers Market Size, By Region, 2013-2020 (USD Million)
Table 27 Biofertilizers Market Size, By Crop Type, 2013-2020 (USD Million)
Table 28 Cereals & Grains in Biofertilizers Market Size, By Region, 2013-2020 (USD Million)
Table 29 Pulses & Oilseeds Market Size, By Region, 2013-2020 (USD Million)
Table 30 Fruits & Vegetables in Biofertilizers Market Size, By Region, 2013-2020 (USD Million)
Table 31 Other Crops in Biofertilizers Market Size, By Region, 2013-2020 (USD Million)
Table 32 Biofertilizers Market Size, By Region, 2013-2020 (USD Million)
Table 33 North America: Biofertilizers Market Size, By Country, 2013-2020 (USD Million)
Table 34 North America: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 35 North America: Biofertilizers Market Size, By Crop Type, 2013-2020 (USD Million)
Table 36 North America: Biofertilizers Market Size, By Microorganism, 2013-2020 (USD Million)
Table 37 North America: Biofertilizers Market Size, By Application Method, 2013-2020 (USD Million)
Table 38 U.S.: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 39 Canada: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 40 Mexico: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 41 Europe: Biofertilizers Market Size, By Country, 2013-2020 (USD Million)
Table 42 Europe: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 43 Europe: Biofertilizers Market Size, By Crop Type, 2013-2020 (USD Million)
Table 44 Europe: Biofertilizers Market Size, By Microorganism, 2013-2020 (USD Million)
Table 45 Europe: Biofertilizers Market Size, By Application, 2013-2020 (USD Million)
Table 46 Germany: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 47 France: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 48 Italy: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 49 Spain: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 50 Rest of Europe: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 51 Asia-Pacific: Biofertilizers Market Size, By Country, 2013-2020 (USD Million)
Table 52 Asia-Pacific: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 53 Asia-Pacific: Biofertilizers Market Size, By Crop-Type, 2013-2020 (USD Million)
Table 54 Asia-Pacific: Biofertilizers Market Size, By Microorganism, 2013-2020 (USD Million)
Table 55 Asia-Pacific: Biofertilizers Market Size, By Application Method, 2013-2020 (USD Million)
Table 56 China: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 57 India: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 58 Japan: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 59 Australia: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 60 Rest of Asia-Pacific: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 61 Latin America: Biofertilizers Market Size, By Country, 2013-2020 (USD Million)
Table 62 Latin America: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 63 Latin America: Biofertilizers Market Size, By Crop Type, 2013-2020 (USD Million)
Table 64 Latin America: Biofertilizers Market Size, By Microorganism, 2013-2020 (USD Million)
Table 65 Latin America: Biofertilizers Market Size, By Application Method, 2013-2020 (USD Million)
Table 66 Brazil: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 67 Argentina: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 68 Rest of Latin America: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 69 RoW: Biofertilizers Market Size, By Country, 2013-2020 (USD Million)
Table 70 RoW: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 71 RoW: Biofertilizers Market Size, By Crop Type, 2013-2020 (USD Million)
Table 72 RoW: Biofertilizers Market Size, By Microorganism, 2013-2020 (USD Million)
Table 73 RoW: Biofertilizers Market Size, By Application Method, 2013-2020 (USD Million)
Table 74 South Africa: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 75 Others in RoW: Biofertilizers Market Size, By Type, 2013-2020 (USD Million)
Table 76 Expansions, 2010–2015
Table 77 Collaborations, Partnerships, Joint Ventures, and Agreements, 2010–2015
Table 78 Acquisitions, 2010–2015
Table 79 Investment, 2010–2015


List of Figures (68 Figures)

Figure 1 Biofertilizers Market Segmentation
Figure 2 Research Design
Figure 3 Population Growth Trend, 1961-2050
Figure 4 U.S. Agricultural Farm Expenditure, 2007 vs 2012 (USD Billion)
Figure 5 Canadian Farm Operating Expenses, 2011
Figure 6 North America: Fertilizer Consumption Per Hectare of Arable Land (Kg )
Figure 7 Price of Natural Gas, Crude Oil & Coal, 1990-2014 (USD Per Unit)
Figure 8 Market Size Estimation Methodology: Bottom-Up Approach
Figure 9 Market Size Estimation Methodology: Top-Down Approach
Figure 10 Data Triangulation
Figure 11 Biofertilizers Market, By Type, 2015 vs 2020
Figure 12 Biofertilizers Market, By Crop Type, 2015 vs 2020
Figure 13 Biofertilizers Market, By Microorganism, 2015 vs 2020
Figure 14 Biofertilizers Market Trend, By Region, 2014
Figure 15 Top-Five Fastest-Growing Markets, By Country
Figure 16 European & North American Countries Were the Largest Markets in 2014
Figure 17 Attractive Opportunities in Biofertilizers Market
Figure 18 Cereals & Grains Projected to Be the Largest Segment During the Forecast Period
Figure 19 Nitrogen-Fixing Segment to Be the Largest During the Forecast Period
Figure 20 Cereals & Grains Segment Accounted for Largest Share in the North American Biofertilizers Market, 2014
Figure 21 Biofertilizers Market: North America Will Continue to Dominate Microorganism Segments
Figure 22 U.S. Dominated the Global Biofertilizers Market
Figure 23 Asia-Pacific & Latin American Regions to Provide Immense Opportunities for Biofertilizers Market Growth
Figure 24 Evolution of the Biofertilizers Market
Figure 25 Biofertilizers Market, By Type
Figure 26 Biofertilizers Market, By Crop Type
Figure 27 Biofertilizers Market, By Microorganism
Figure 28 Biofertilizers Market, By Application Method
Figure 29 Biofertilizers: Drivers, Restraints, Opportunities, and Challenges
Figure 30 Retail Sales of Packaged Organic Food in the U.K., 2007-2017 (USD Billion)
Figure 31 Global Growth of Organic Land, 1999-2013 (Million Ha)
Figure 32 U.S. Organic Food Sales, By Category, 2005-2014
Figure 33 Biofertilizers: Value Chan
Figure 34 Biofertilizers: Supply Chain
Figure 35 Porter’s Five Forces Analysis: Biofertilizers Market
Figure 36 Strategic Benchmarking: Gujarat State Chemicals & Fertilizers (GSCF) Adopted Organic Growth Strategy
Figure 37 Strategic Benchmarking: Novozymes A/S & Lallemand Inc. Adopted Inorganic Growth Strategies
Figure 38 Biofertilizers Market Size, By Type (USD Million): A Snapshot
Figure 39 Nitrogen-Fixing Biofertilizers Market Growth, 2015-2020 (USD Million)
Figure 40 Biofertilizers Market Size, By Microorganism (USD Million): A Snapshot
Figure 41 Biofertilizers Market Size, By Application Method (USD Million): A Snapshot
Figure 42 Biofertilizers Market Share, By Crop Type (USD Million): A Snapshot
Figure 43 Global Cereals & Coarse Grains Production, 2000-2013, Thousand Tons
Figure 44 Global Pulses & Oilseed Production, 2000-2013, Thousand Tons
Figure 45 Global Fruits & Vegetables Production, 2000-2012, Thousand Tons
Figure 46 Geographic Snapshot (2015-2020): Rapidly Growing Markets are Emerging as New Hot Spots
Figure 47 North American Biofertilizers Market: A Snapshot
Figure 48 U.S. Projected to Have Largest Share in Global Biofertilizers Market, 2015-2020
Figure 49 European Biofertilizers Market: A Snapshot
Figure 50 European Biofertilizers Market Share, By Type: A Snapshot, 2014
Figure 51 Asia-Pacific Biofertilizers Market: A Snapshot
Figure 52 Key Biofertilizer Companies Preferred Expansion & Agreement Over the Last Five Years
Figure 53 Biofertilizers Market Share Analysis, By Key Player, 2010-2015
Figure 54 Expansions Fueled Growth of Biofertilizers Market, 2011 - 2014
Figure 55 Expansions & Agreements: the Key Strategy, 2010-2015
Figure 56 Geographic Revenue Mix of Top Five Market Players
Figure 57 Novozymes A/S: Company Snapshot
Figure 58 Novozymes A/S: SWOT Analysis
Figure 59 National Fertilizers Limited: Company Snapshot
Figure 60 National Fertilizers Limited: SWOT Analysis
Figure 61 Madras Fertilizers Limited : Company Snapshot
Figure 62 Madras Fertilizers Limited: SWOT Analysis
Figure 63 Gujarat State Fertilizers & Chemicals Ltd.: Company Snapshot
Figure 64 Gujarat State Fertilizers & Chemicals Ltd.:: SWOT Analysis
Figure 65 Rizobacter Argentina S.A.: SWOT Analysis
Figure 66 T Stanes & Company Limited: Company Snapshot
Figure 67 Camson Bio Technologies Limited: Company Snapshot
Figure 68 Rashtriya Chemicals & Fertilizers Ltd.: Company Snapshot

The biofertilizers market is at a prime focus in the agriculture industry for its multi-functional benefits and functional properties. Biofertilizers are used to improve the availability of nutrients for plants and enhance the plant uptake of phosphorus and zinc. They also act as a physical barrier against pathogens and protect plants from pests, decompose organic residues, and stimulate the overall plant growth and development.

Biofertilizers are gaining significance in the market with a rise in the price of chemical fertilizers and increase in organic food industry globally. The recent increase in the price of chemical fertilizers and commercial response to the rising food prices has reinforced the need to develop alternative soil fertility management strategies.

Biofertilizers Market

Global Biofertilizers Market is expected to reach USD 1.88 Billion by 2020 at a CAGR of 14.0% from 2015 to 2020. The market was dominated by North America in 2014 and accounted for the largest share in the total biofertilizers market. Asia-Pacific is projected to be the fastest-growing market for between 2015 and 2020 due to the increasing prices of chemical fertilizers and increasing food demand due to population growth.  In terms of type, the nitrogen fixing biofertilizers segment is projected to be the largest market for biofertilizers; whereas in terms of crop-type, cereals & grains is projected to be the largest market for biofertilizers in 2014. The cyanobacteria segment is projected to be the largest market for biofertilizers by 2020 in terms of microorganisms. Furthermore, by application, seed treatment is projected to be the largest market for biofertilizers in between 2015 and 2020.

The biofertilizers market is characterized by intense competition due to the presence of a large number of both large and small-scale firms. Expansions, acquisitions, agreements and new product launches are the key strategies adopted by market players to ensure their growth in the market. The market is dominated by players such as Novozymes A/S (Denmark), National Fertilizers Limited (India), Madras Fertilizers Limited (India), Gujarat State Fertilizers & Chemicals Ltd. (India), and Rizobacter Argentina S.A. (Argentina).

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