Biofertilizers Market by Type (Nitrogen-Fixing, Phosphate-Solubilizing, Potash-Mobilizing), Microorganism (Rhizobium, Azotobacter, Azospirillium, Cyanobacteria, P-Solubilizer), Mode of Application, Crop Type, Form, and Region - Global Forecast to 2022

The biofertilizers market was valued at USD 946.6 Million in 2015; the market is projected to grow at a CAGR of 14.08% from 2016 to 2022. With the increasing pressure on global food production and development in technologies of fertilizer production, the demand for fertilizers is expected to increase, which in turn would enhance the growth of this market.

The objective of the study is to define, segment, and measure the biofertilizers market. This market has been segmented on the basis of type, crop type, microorganism, mode of application, form, and region, which has been further segmented into North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW). The report also aims at providing detailed information regarding the crucial factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges) and to analyze opportunities in the market for stakeholders and details of the competitive landscape for market leaders. For the purpose of the study, 2015 is considered as the base year, and 2016 and 2022 are considered as the estimated and the projected years, respectively.

The report biofertilizers market includes estimations of market sizes in terms of value (USD million) and volume (KT). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global biofertilizers market, and to estimate the size of various other dependent submarkets in the overall market. The key players in the market have been identified through secondary sources (such as Factiva, Hoovers, International Fertilizer Association [IFA] and British Agrochemicals Association), and their market share in the respective regions have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

To know about the assumptions considered for the study, download the pdf brochure

The value chain comprises key manufacturers in the biofertilizers market; these include Gujarat State Fertilizers & Chemicals Ltd. (India), Novozymes A/S (Denmark), Rizobacter Argentina S.A. (Argentina), Madras Fertilizers Limited (India), and Camson Bio Technologies Limited (India), which have diversified product portfolios, proprietary technologies, and strong distribution networks and offices at strategic locations, across the globe. These companies focus on quality and innovation to meet the environmental regulations and cater to the growing demand in the biofertilizers industry. Other players include T. Stanes & Company Limited (India), Camson Bio Technologies Limited (India), Rashtriya Chemicals & Fertilizers Ltd. (India), Lallemand Inc. (Canada), and Nutramax Laboratories Inc. (U.S.) also have a strong presence in the market. Maximum value addition to a product in the global biofertilizers industry is observed in the stages of research & product development.

Target audience:

• Biofertilizer manufacturers
• Biofertilizer importers and exporters
• Biofertilizer traders, distributors, and suppliers
• Government and research organizations
• Associations and industry bodies such as Food and Agriculture Organization (FAO), International Fertilizer Industry Association (IFA), The Fertilizer Association of India (FAI), Organic Fertilizer Association of California (OFAC), and Association of American Plant Food Control Officials (AAPFCO)

“The study answers several questions for stakeholders: primarily, which market segments to focus on in the next two to five years, for prioritizing efforts and investments.”

Scope of the Report

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, and silage & forage crops)

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

• Rhizobium
• Azotobacter
• Azospirillum
• Cyanobacteria
• Phosphate-solubilizing bacteria
• Others (nostoc, anabaena, tolypothrix, aulosira, and azolla)

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

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

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

• Pure & mixed liquid fermentations
• Dispersible granule
• Pellet
• Powder

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

• North America
• Europe
• Asia-Pacific
• Latin America
• RoW

Available Customizations

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

Company Information

• Detailed analysis 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 Study Scope
           1.3.1 Markets Covered
           1.3.2 Periodization Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Introduction
    2.2 Research Data
           2.2.1 Secondary Data
                    2.2.1.1 Key Data From Secondary Sources
           2.2.2 Primary Data
                    2.2.2.1 Key Data From Primary Sources
                    2.2.2.2 Key Data From Primary Sources
                    2.2.2.3 Breakdown of Primaries
    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
    2.6 Macro Indicators
           2.6.1 Population Growth and Diversified Food Demand
           2.6.2 Increasing Farm Expenditure
           2.6.3 Fluctuation in Raw Material Prices

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in this  Market
    4.2 Biofertilizers Market: By Crop Type
    4.3 Market: By Form
    4.4 Market in North America
    4.5 Market, By Microorganism
    4.6 Market, Share of Top Countries
    4.7 Life Cycle Analysis: Asia-Pacific & Latin America are Attractive Markets for Investment

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Type
           5.3.2 By Mode of Application
           5.3.3 By Microorganism
           5.3.4 By Form
           5.3.5 By Crop Type
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Growth in the 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 the Cost of Chemical Fertilizers & Pesticides
           5.4.2 Restraints
                    5.4.2.1 Technological & Environmental Constraints
                    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 Lack of Awareness & Low Adoption Rate of Biofertilizers
    5.5 Burning Issue
           5.5.1 Supply of Counterfeit and Less Effective Products

6 Industry Trends (Page No. - 55)
    6.1 Introduction
    6.2 Value Chain
    6.3 Supply Chain
           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 Framework
           6.4.1 North America
           6.4.2 Europe
           6.4.3 Asia-Pacific
           6.4.4 Latin America
           6.4.5 RoW
    6.5 Strategic Benchmarking
           6.5.1 Expansions
           6.5.2 Expansion Through Agreements, Acquisitions, and Joint Ventures
    6.6 Organic Fertilizer Trade

7 Biofertilizers Market, By Type (Page No. - 63)
    7.1 Introduction
    7.2 Nitrogen-Fixing
    7.3 Phosphate-Solubilizing
    7.4 Potash-Mobilizing
    7.5 Others

8 Biofertilizers Market, By Crop Type (Page No. - 70)
    8.1 Introduction
    8.2 Cereals & Grains
    8.3 Pulses & Oilseeds
    8.4 Fruits & Vegetables
    8.5 Others

9 Biofertilizers Market, By Microorganism (Page No. - 78)
    9.1 Introduction
    9.2 Azotobacter
    9.3 Azospirillium
    9.4 Rhizobium
    9.5 Phosphate-Solubilizing Bacteria
    9.6 Cyanobacteria
    9.7 Others

10 Biofertilizers Market, By Mode of Application (Page No. - 87)
     10.1 Introduction
     10.2 Seed Treatment
     10.3 Soil Treatment
     10.4 Others

11 Biofertilizers Market, By Form (Page No. - 92)
     11.1 Introduction
     11.2 Pure & Mixed Liquid Fermentations
     11.3 Dispersible Granules
     11.4 Pellets
     11.5 Powders

12 Biofertilizers Market, By Region (Page No. - 98)
     12.1 Introduction
     12.2 Pest Analysis
             12.2.1 Political Factors
             12.2.2 Economic Factors
                        12.2.2.1 Government Intervention
             12.2.3 Social Factors
             12.2.4 Technological Factors
                        12.2.4.1 Technological Developments in India
     12.3 North America
             12.3.1 U.S.
             12.3.2 Canada
             12.3.3 Mexico
     12.4 Europe
             12.4.1 Germany
             12.4.2 France
             12.4.3 Italy
             12.4.4 Spain
             12.4.5 Rest of Europe
     12.5 Asia-Pacific
             12.5.1 China
             12.5.2 India
             12.5.3 Japan
             12.5.4 Australia
             12.5.5 Rest of Asia-Pacific
     12.6 Latin America
             12.6.1 Brazil
             12.6.2 Argentina
             12.6.3 Rest of Latin America
     12.7 Rest of the World (RoW)
             12.7.1 South Africa
             12.7.2 Other Countries in RoW

13 Competitive Landscape (Page No. - 138)
     13.1 Overview
     13.2 Competitive Situation & Trends
             13.2.1 Expansions & Investments
             13.2.2 Agreements, Collaborations & Joint Ventures
             13.2.3 Acquisitions
             13.2.4 New Product Development

14 Company Profiles (Page No. - 144)
(Company at A Glance, Business Overview, Products Offered, Key Strategy, Recent Developments, SWOT Analysis & MnM View)*
     14.1 Introduction
     14.2 Novozymes A/S
     14.3 National Fertilizers Limited
     14.4 Madras Fertilizers Limited
     14.5 Gujarat State Fertilizers & Chemicals Ltd.
     14.6 Rizobacter Argentina S.A.
     14.7 T.Stanes & Company Limited
     14.8 Camson Bio Technologies Limited
     14.9 Rashtriya Chemicals & Fertilizers Ltd.
     14.10 Lallemand Inc.
     14.11 Nutramax Laboratories, Inc.

“ * The companies listed are a representative sample of the market’s ecosystem and in no particular order”

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

15 Appendix (Page No. - 168)
     15.1 Discussion Guide
     15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.3 Company Developments
             15.3.1 Expansions
             15.3.2 Agreements, Collaborations & Joint Ventures
             15.3.3 Acquisitions
             15.3.4 New Product Development
     15.4 Introducing RT: Real Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports

List of Tables (87 Tables)

Table 1 Details of Funds Allocated Under Various Schemes for the Usage of Biofertilizers in India (USD Million)
Table 2 Average U.S. Farm Prices of Selected Fertilizers (USD Per Material Short Ton)
Table 3 Mean Distance Travelled By Agro-Input Dealers to Acquire Farm Inputs in the African Region (Km)
Table 4 Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 5 Nitrogen-Fixing Biofertilizers Market Size, By Region, 2014–2022 (USD Million)
Table 6 Phosphate-Solubilizing Biofertilizers Market Size, By Region, 2014–2022 (USD Million)
Table 7 Potash-Mobilizing Biofertilizers Market Size, By Region, 2014–2022 (USD Million)
Table 8 Other Biofertilizers Market Size, By Region, 2014–2022 (USD Million)
Table 9 Biofertilizers Market Size, By Crop Type, 2014-2022 (USD Million)
Table 10 Cereals & Grains Market Size, By Region, 2014–2022 (USD Million)
Table 11 Pulses & Oilseeds Market Size, By Region, 2014–2022 (USD Million)
Table 12 Fruits & Vegetables Market Size, By Region, 2014–2022 (USD Million)
Table 13 Other Crop Types Market Size, By Region, 2014–2022 (USD Million)
Table 14 Biofertilizers Market Size, By Microorganism, 2014-2022 (USD Million)
Table 15 Azotobacter Segment Market Size, By Region, 2014–2022 (USD Million)
Table 16 Azospirillium Segment Market Size, By Region, 2014–2022 (USD Million)
Table 17 Rhizobium Segment Market Size, By Region, 2014–2022 (USD Million)
Table 18 Phosphate-Solubilizing Bacteria Segment Market Size, By Region, 2014–2022 (USD Million)
Table 19 Cyanobacteria Segment Market Size, By Region, 2014–2022 (USD Million)
Table 20 Others Segment Market Size, By Region, 2014–2022 (USD Million)
Table 21 Biofertilizers Market Size, By Mode of Application, 2014–2022 (USD Million)
Table 22 Summary of Application Methods
Table 23 Seed Treatment Using Biofertilizers Market Size, By Region, 2014–2022 (USD Million)
Table 24 Soil Treatment Using Biofertilizers Market Size, By Region, 2014–2022 (USD Million)
Table 25 Other Treatments Using Biofertilizers Market Size, By Region, 2014–2022 (USD Million)
Table 26 Biofertilizers Market Size, By Form, 2014–2022 (USD Million)
Table 27 Pure & Mixed Liquid Fermentations Segment Market Size, By Region, 2014–2022 (USD Million)
Table 28 Dispersible Granules Segment Market Size, By Region, 2014–2022 (USD Million)
Table 29 Pellets Segment Market Size, By Region, 2014–2022 (USD Million)
Table 30 Powder Segment Market Size, By Region, 2014–2022 (USD Million)
Table 31 Biofertilizers Market Size, By Region, 2014-2022 (USD Million)
Table 32 North America: Biofertilizers Market Size, By Country, 2014–2022 (USD Million)
Table 33 North America: Market Size, By Type, 2014–2022 (USD Million)
Table 34 North America: Market Size, By Crop Type, 2014–2022 (USD Million)
Table 35 North America: Market Size, By Microorganism, 2014–2022 (USD Million)
Table 36 North America: Market Size, By Mode of Application, 2014–2022 (USD Million)
Table 37 North America: Market Size, By Form, 2014–2022 (USD Million)
Table 38 U.S.: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 39 Canada: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 40 Mexico: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 41 Europe: Biofertilizers Market Size, By Country, 2014–2022 (USD Million)
Table 42 Europe: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 43 Europe: Biofertilizers Market Size, By Crop Type, 2014–2022 (USD Million)
Table 44 Europe: Market Size, By Microorganism, 2014–2022 (USD Million)
Table 45 Europe: Biofertilizers Market Size, By Mode of Application, 2014–2022 (USD Million)
Table 46 Europe: Market Size, By Form, 2014–2022 (USD Million)
Table 47 Germany: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 48 France: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 49 Italy: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 50 Spain: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 51 Rest of Europe: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 52 Asia-Pacific: Biofertilizers Market Size, By Country, 2014–2022 (USD Million)
Table 53 Asia-Pacific: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 54 Asia-Pacific: Biofertilizers Market Size, By Crop Type, 2014–2022 (USD Million)
Table 55 Asia-Pacific: Market Size, By Microorganism, 2014–2022 (USD Million)
Table 56 Asia-Pacific: Market Size, By Mode of Application, 2014–2022 (USD Million)
Table 57 Asia-Pacific: Biofertilizers Market Size, By Form, 2014–2022 (USD Million)
Table 58 China: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 59 India: Biofertilizers Market Size, By Type, 2014–2022(USD Million)
Table 60 Japan: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 61 Australia: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 62 Rest of Asia-Pacific: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 63 Latin America: Biofertilizers Market Size, By Country, 2014–2022 (USD Million)
Table 64 Latin America: Market Size, By Type, 2014–2022 (USD Million)
Table 65 Latin America: Market Size, By Crop Type, 2014–2022 (USD Million)
Table 66 Latin America: Biofertilizers Market Size, By Microorganism, 2014–2022 (USD Million)
Table 67 Latin America: Biofertilizers Market Size, By Mode of Application, 2014–2022 (USD Million)
Table 68 Latin America: Market Size, By Form, 2014–2022 (USD Million)
Table 69 Brazil: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 70 Argentina: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 71 Latin America: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 72 RoW: Biofertilizers Market Size, By Country, 2014–2022 (USD Million)
Table 73 RoW: Market Size, By Type, 2014–2022 (USD Million)
Table 74 RoW: Market Size, By Crop Type, 2014–2022 (USD Million)
Table 75 RoW: Biofertilizers Market Size, By Microorganism, 2014–2022 (USD Million)
Table 76 RoW: Market Size, By Mode of Application, 2014–2022 (USD Million)
Table 77 RoW: Market Size, By Form, 2014–2022 (USD Million)
Table 78 South Africa: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 79 Other Countries in RoW: Biofertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 80 Expansions & Investments, 2010–2015
Table 81 Agreements, Collaborations & Joint Ventures, 2011–2016
Table 82 Acquisitions, 2010–2016
Table 83 New Product Development, 2010–2016
Table 84 Expansions & Investments, 2010–2015
Table 85 Agreements, Collaborations & Joint Ventures, 2011–2016
Table 86 Acquisitions, 2010–2016
Table 87 New Product Development, 2010–2016

List of Figures (62 Figures)

Figure 1 Biofertilizers Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Population Growth Trend, 1950-2050
Figure 6 U.S. Agricultural Farm Expenditure, 2006-2015
Figure 7 Price of Natural Gas, Crude Oil & Coal, 1990-2014
Figure 8 Phosphate-Solubilizing Biofertilizers is Projected to Be the Fastest Growing Type Segment During the Forecast Period
Figure 9 Cereals & Grains to Dominate the Market, By Crop Type, During the Forecast Period
Figure 10 Cyanobacteria is Projected to Dominate the Market, By Microorganism, During the Forecast Period
Figure 11 Biofertilizers Market Trend, By Region, 2016-2022
Figure 12 Five Fastest-Growing Markets, By Country (2016-2022)
Figure 13 North America and Europe Were the Major Markets in 2015
Figure 14 Attractive Opportunities in this Market, 2016-2022
Figure 15 Cereals & Grains is Projected to Be the Largest Segment During the Forecast Period
Figure 16 Pure & Liquid Fermentations Segment to Be the Largest During the Forecast Period
Figure 17 Cereals & Grains Segment Accounted for Largest Share in the North American Biofertilizers Market, 2015
Figure 18 Biofertilizers Market: Cyanobacteria to Dominate the Different Microorganism Segments Across the Globe in 2015
Figure 19 China is Projected to Be the Fastest Growing Country in the Global Biofertilizers Market, 2015
Figure 20 Asia-Pacific & Latin American Regions to Provide Immense Opportunities for Biofertilizers Market Growth
Figure 21 Evolution of the Biofertilizers Market
Figure 22 Biofertilizers Market, By Type
Figure 23 Market, By Mode of Application
Figure 24 Market, By Microorganism
Figure 25 Market, By Form
Figure 26 Market, By Crop Type
Figure 27 Biofertilizers: Market Dynamics
Figure 28 Retail Sales of Packaged Organic Food in the U.K., 2007-2017
Figure 29 Global Growth of Organic Land, 1999-2013
Figure 30 U.S. Organic Food Sales, By Category, 2005-2014
Figure 31 Value Chain for the Biofertilizers Market
Figure 32 Value Chain Analysis for Biofertilizers Market
Figure 33 Strategic Benchmarking: Gujarat State Chemicals & Fertilizers (GSCF) Adopted Organic Growth Strategy
Figure 34 Strategic Benchmarking: Novozymes A/S & Lallemand Inc. Adopted Inorganic Growth Strategies
Figure 35 Organic Fertilizers Export, Trade Volume (KT)
Figure 36 Biofertilizers Market Size, By Type (USD Million): A Snapshot
Figure 37 Nitrogen-Fixing Biofertilizers Market Growth, 2016–2022 (USD Million)
Figure 38 Biofertilizers Market Size, By Crop Type (USD Million): A Snapshot
Figure 39 Cereal & Coarse Grain Production, 2013–2016 (Million Tons)
Figure 40 Global Oilcrops Production, 2000–2014 (Million Tons)
Figure 41 Biofertilizers Market Size, By Microorganism (USD Million): A Snapshot
Figure 42 Market Size, By Mode of Application: A Snapshot
Figure 43 Market Size, By Form (USD Million): A Snapshot
Figure 44 Geographic Snapshot (2016-2022): Rapidly Growing Markets are Emerging as New Hotspots
Figure 45 North American Biofertilizers Market: A Snapshot
Figure 46 U.S. to Have Largest Share in Global Biofertilizers Market, 2016-2022
Figure 47 Asia-Pacific Biofertilizers Market: A Snapshot
Figure 48 Expansions & Investments Were Preferred By Biofertilizer Companies From 2010 to 2016
Figure 49 Expansions & Investments: the Key Strategy Between 2012 and 2016
Figure 50 Expansions & Investments and Agreements, Collaborations, and Joint Ventures: the Key Strategies, 2010–2016
Figure 51 Geographic Revenue Mix of Top Four Market Players
Figure 52 Novozymes A/S: Business Overview
Figure 53 Novozymes A/S: SWOT Analysis
Figure 54 National Fertilizers Limited: Business Overview
Figure 55 National Fertilizers Limited: SWOT Analysis
Figure 56 Madras Fertilizers Limited: Business Overview
Figure 57 Madras Fertilizers Limited: SWOT Analysis
Figure 58 Gujarat State Fertilizers & Chemicals Ltd.: Business Overview
Figure 59 Gujarat State Fertilizers & Chemicals Ltd.: SWOT Analysis
Figure 60 Rizobacter Argentina S.A.: SWOT Analysis
Figure 61 Camson Bio Technologies Limited: Business Overview
Figure 62 Rashtriya Chemicals & Fertilizers Ltd: Business Overview

The biofertilizers market is projected to grow at a CAGR of 14.08% during the forecast period, to reach a projected value of USD 2,305.5 Million by 2022. The demand for biofertilizers is completely dependent on the growth of the fertilizer industry. Furthermore, the shrinking arable land, adoption of new technology, and the increasing willingness of farmers to spend more for higher productivity are some important factors that contribute to the increasing demand for biofertilizers. The shortage in the supply of agricultural products in the last five years has resulted in an increase in their prices, and subsequently led to the increase in agricultural production. As a result, the demand for fertilizers has increased, which is expected to drive the demand for biofertilizers.

The biofertilizers market is driven primarily by the growth in the organic food industry and increase in awareness regarding the health hazards caused by the use of chemical fertilizers. Moreover, government agencies are promoting the use of biofertilizers, which has also driven the market growth, globally.

In this report, the global market, on the basis of type, has been segmented into nitrogen-fixing, phosphate-solubilizing, potash-solubilizing, and others, which include zinc-, boron-, and sulfur-solubilizing biofertilizers. The nitrogen-fixing segment accounted for the largest share in the global biofertilizers market in 2015 and is projected to follow the same trend for the next six years. The biofertilizers market, on the basis of microorganism, has been segmented into rhizobium, azotobacter, azospirillium, cyanobacteria, phosphate-solubilizing bacteria, and others, which include nostoc, anabaena, tolypothrix, aulosira, and azolla. The cyanobacteria segment dominated the market in 2015, and is projected to grow at the highest CAGR during the forecast period. By crop type, the cereals & grains segment accounted for the largest share in 2015 and the fruits & vegetables segment is projected to be the fastest-growing for biofertilizers, in 2015. The market for biofertilizers has been segmented on the basis of microorganisms, under which the cyanobacteria segment accounted for the largest share in 2015. The phosphate-solubilizing bacteria segment is projected to be the fastest-growing between 2016 and 2022.

North America accounted for the largest market share in the biofertilizers market in 2015, which was followed by Europe. Governments of countries in North America have imposed bans on harmful chemicals used as inputs in agriculture. This created significant market potential for biofertilizers in the region.

Technological and environmental constraints coupled with poor infrastructure, act as major factors restraining the growth of the biofertilizers market. Lack of awareness about biofertilizers and low adoption rate of the same, act as major challenges for the biofertilizers market.

Expansions & investments, and agreements, collaborations & joint ventures were the key strategies adopted by industry players to achieve growth in the biofertilizers market. Acquisitions was another strategy adopted by companies to expand their share in the biofertilizers market. Novozymes A/S (Denmark), Gujarat State Fertilizers & Chemicals Ltd. (India), Rizobacter Argentina S.A. (Argentina), Camson Bio Technologies Limited (India), and Lallemand Inc. (Canada) are some leading manufacturing companies that adopted these strategies.

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