Biofertilizers Market

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Biofertilizers Market by Type (Nitrogen-Fixing, Phosphate Solubilizing & Mobilizing, Potassium Solubilizing & Mobilizing), Mode of Application (Soil Treatment, Seed Treatment), Form, Crop Type and Region - Global Forecast to 2028

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Report Code: AGI 2569 Mar, 2023, by marketsandmarkets.com

Biofertilizers Market Overview

The global biofertilizers market was valued 2.8 billion in 2022 and is projected to reach USD 5.2 billion by 2028, growing at a CAGR of 10.9% during the study period. The market Size is estimated to be valued at USD 3.1 billion in 2023

Through natural processes such as nitrogen fixation; phosphate solubilization; and the production of compounds that stimulate growth, biofertilizers provide nutrients to plants. They boost soil organic matter and aid in restoring the soil's natural nutrition cycle. By using biofertilizers, growers can increase the sustainability and health of the soil and cultivate healthy crops. Only bacteria and other biological elements that are not damaging to the environment are present in biofertilizers. As a result, they contribute to reducing pollution brought on by agricultural activities, particularly soil pollution.

Use of biofertilizers have been proven to lower the cost of agricultural inputs while increasing the overall crop productivity in the long run. Biofertilizers also helps in increasing resistance to various plant diseases and abiotic stresses. These factors are driving the global biofertilizers market during the review period.

Biofertilizers Market

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Market Dynamics

Drivers: Adoption of precision farming and protected agriculture

The goal of precision farming is to produce profitable agricultural output by identifying and analysing spatial and temporal variability using cutting-edge technologies. To boost crop output and yield, agricultural biologicals are employed in precision farming and protected agriculture. The market for biofertilizers is growing as a result of the widespread use of agricultural biologicals in protected agriculture, which promotes the use of biofertilizers. Farmers can track the application of liquid biofertilizer by using fertilisation plans that use GPS-guided geographic information system (GIS) software. Therefore, it is anticipated that the market for biofertilizers will be driven by the rise in land under precision and protected agriculture.

Restraints: Environmental and technological constraints

Biofertilizer products have a limited shelf-life and run a high risk of contamination.  When exposed to high temperatures, the microorganisms utilised as biofertilizers become nonviable. As a result, it's crucial to keep them in a dry, cool environment. The survival of microorganisms during storage is the main issue with agricultural inoculation technology; other difficulties revolve around a number of other factors, including culture medium, physiological state of the microorganisms at harvest, dehydration process, rate of drying, temperature maintenance during storage, and water activity of inoculants. The shelf life of microorganisms is impacted by these difficulties.

Opportunities: New target markets: Asia Pacific and Africa

The Asia Pacific and Africa regions are one of the largest consumers of fertilizers. Population development, particularly in Asia, has led to an increase in food demand, which will ultimately result in an increase in fertilizer usage. Governments in these regions are placing a strong emphasis on the use of environmentally benign fertilizers, like biofertilizers and organic manure, to mitigate the negative impacts of chemical fertilisers. Government agencies have aided in raising farmer understanding of the benefits of using biofertilizers. Africa has experienced active conventional farming over the past few decades, which has utilized synthetic fertilizers to supply the soil with vital plant nutrients. However, the quality of the soil and the vital nutrients have been compromised by the over application of these fertilizers. The region now needs biofertilizers as a result of this aspect.

Biofertilizers Market in Asia Pacific

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Challenges: Intense competition and product rivalry due to similar products

A significant problem in the sector is the availability of counterfeit biofertilizers, which harms farmers' perceptions of the finished product and restrains market expansion. Due to their exact chemical qualities and comparable physical traits, counterfeit products have a very cheap production cost and have shown to be impossible for farmers to distinguish from genuine biofertilizers. Poor microbial load, contaminated items, or inappropriate strains are utilised to simulate a product. Due to a highly fragmented market with unorganised participants, counterfeit products are sold in Asian nations.

Market Ecosystem

Key players in biofertilizers market have strong distribution network and have strong financial records. These firms have experience of several years, well established manufacturing facilities, r&d centers, and skilled workforce. Prominent players in this market include Novozymes (Denmark), UPL (India), Chr. Hansen Holding A/S (Denmark), Syngenta (Switzerland), T.Stanes and Company Limited (India), and Lallemand Inc (Canada).

Biofertilizers Market Ecosystem

By type, nitrogen-fixing biofertilizers is projected to gain largest share in the biofertilizers market during the study period

Increased biological nitrogen fixation, improved nutrient availability or uptake, greater absorption and stimulation of plant growth by hormonal action or antibiosis, or through breakdown of organic wastes are all ways that nitrogen fixing biofertilizers aid in enhancing crop output. Also, the use of nitrogen fixing biofertilizers as a partial replacement for chemical fertilisers reduces their quantity and cost and shields the environment from contamination caused by their heavy usage. Thus, driving the growth of segment in the market.

By crop type, fruits & vegetables is forecasted to account for the largest share in the market during the research period

Biofertilizers are known to increase crop productivity of various fruits & vegetables.  Fruits such as bananas have a substantial nitrogen requirement, hence the use of biofertilizer, in particular inoculation with Azotobacter, is utilzsed as an alternative and results in a higher yield than full doses of nitrogen administration. In correlation with VAM fungus, there is a rise in the absorption of nutrients that are mobile, such as nitrogen. Organic farming produces high-quality vegetables, thus more farmers are expected to adopt and use microbial biofertilizers in order for modern agriculture to grow sustainably.

By mode of application, soil treatment segment is anticipated to occupy major share in the biofertilizers market during the study period

When planting legume seeds in hot, dry, highly acidic soils, adverse weather, or when seeds have been treated with chemicals that are toxic to rhizobia bacteria, it is necessary that a liquid biofertilizer formulation must be applied directly to the soil to achieve optimal nodulation. When applied to the soil, fertilizers diffuse their way into the crops. Fertilizers promote increased yield and productivity since the roots of the crop are in close touch with them. Hence, driving the growth of segment during the review period.

By form, liquid segment is forecasted to gain the major share in the biofertilizers market during the review period

Liquid biofertilizers can be used with modern machinery, can withstand high temperatures up to 45 °C, are easy to handle and use, are easy to add ingredients that enhance the growth of microbial strains, are easy to apply on both seeds and soil, and have a longer shelf life of 1.5 to 2 years, hence liquid biofertilizers are more desirable than solid inoculants. Moreover, liquid biofertilizers have higher microbial densities than carrier based, allowing for lower dosages while yet producing the same results.

North America is projected to gain the largest market share in the global biofertilizers market.

North America is projected to gain the largest market share in the global biofertilizers market. The presence of large number in the region allows farmers/growers in the region, access to wide range of products at competitive prices. The governments in the region are promoting use of agricultural inputs which causes less environmental degradation and hence are encouraging the use of biofertilizers. In countries such as US and Canada, farmers are focused on producing cash crops at larger scale which is also driving the market in the region.

Biofertilizers Market in North America Region

Key Market Players:

Key players in this market include Novozymes (Denmark), UPL (India), Chr. Hansen Holding A/S (Denmark), Syngenta (Switzerland), T.Stanes and Company Limited (India), Lallemand Inc (Canada), Rizobacter Argentina S.A. (Argentina), Vegalab SA (Switzerland), IPL Biologicals Limited (India), and Kiwa Bio-tech Product Group Cooperation (China).

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Scope of the Report

Report Metric

Details

Market size value in 2023

USD 3.1 billion

Revenue forecast in 2028

USD 5.2 billion

Growth Rate

CAGR of 10.9% from 2023 to 2028

Base year for estimation

2022

Forecast period

2023-2028

Quantitative units

Value (USD Million) and Volume (KT)

Segments covered

Type, Crop Type, Mode of Application, Form, and Region

Regional scope

North America, Asia Pacific, Europe, South America, and RoW

Dominant Geography

North America

Key companies profiled
  • Novozymes (Denmark)
  • UPL (India)
  • Chr. Hansen Holding A/S (Denmark)
  • Syngenta (Switzerland)
  • T.Stanes and Company Limited (India)
  • Lallemand Inc. (Canada)
  • Rizobacter Argentina S.A. (Argentina)
  • Vegalab SA (Switzerland)
  • IPL Biologicals Limited (India)
  • Kiwa Bio-Tech, product group cooperation (China)
  • Symborg (Spain)
  • Kan Biosys (India)
  • Mapleton Agri Biotec Pt Ltd (Australia)
  • Seipasa (Spain)
  • Agrilife (India)

Report Segmentation

The study categorizes the biofertilizers market based on by type, by crop type, by mode of application, by form, and region.

By Type

By Crop Type

By Mode of Application

By Form

By Region
  • Nitrogen-fixing biofertilizers
  • Phosphate solubilizing & mobilizing biofertilizers
  • Potassium solubilizing & mobilizing biofertilizers
  • Other types (zinc, silica, and sulphur solubilizing biofertilizers)
  • Cereals & grains
  • Pulses & oilseeds
  • Fruits & vegetables
  • Other crop types (turf and ornamentals, plantation crops, fiber crops, and silage & forage crops)
  • Soil treatment
  • Seed treatment
  • Other Modes of application (foliar treatment, root dipping, and seedling root treatment)
  • Liquid
  • Carrier-based
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Row (Africa and Middle East)

Recent Developments

  • In May 2022, Syngenta introduced its new nitrogen-fixing biofertilizer, Envita. This product is designed to be used for several crop types such as cereals & grains, pulses & oilseeds, and fruits & vegetables.
  • In January 2021, Rizobacter Argentina S.A announced a collaboration with Heliae Development, LLC (US). The collaboration would provide farmers throughout the US and Eastern Canada with new biological solutions that would add value to their farming operations.
  • In March 2021, Symborg (Spain) inaugurated its new manufacturing unit located at Alhama de Murcia (Region of Murcia, Spain). The facility would help the company to manufacture with greater efficiency. The total investment in this expansion was USD 29.71 million.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 35)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           FIGURE 1 BIOFERTILIZERS: MARKET SEGMENTATION
           1.3.1 INCLUSIONS AND EXCLUSIONS
    1.4 REGIONS COVERED 
    1.5 YEARS CONSIDERED 
    1.6 UNITS 
           1.6.1 CURRENCY (VALUE UNIT)
                    TABLE 1 USD EXCHANGE RATES, 2018–2021
           1.6.2 VOLUME UNIT
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 40)
    2.1 RESEARCH DATA 
           FIGURE 2 BIOFERTILIZERS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key industry insights
                    2.1.2.2 Breakdown of primary interviews
                               FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BIOFERTILIZERS MARKET SIZE ESTIMATION – SUPPLY SIDE
           2.2.2 MARKET SIZE ESTIMATION – DEMAND SIDE
                    FIGURE 4 BIOFERTILIZERS MARKET: BOTTOM-UP APPROACH
           2.2.3 TOP-DOWN APPROACH
                    FIGURE 5 BIOFERTILIZERS MARKET: TOP-DOWN APPROACH
    2.3 GROWTH RATE FORECAST ASSUMPTIONS 
    2.4 DATA TRIANGULATION 
           FIGURE 6 DATA TRIANGULATION
    2.5 RECESSION IMPACT ANALYSIS 
    2.6 RESEARCH ASSUMPTIONS 
    2.7 RESEARCH LIMITATIONS & ASSOCIATED RISKS 
 
3 EXECUTIVE SUMMARY (Page No. - 51)
    TABLE 2 BIOFERTILIZERS MARKET SNAPSHOT, 2023 VS. 2028 
    FIGURE 7 MARKET, BY MODE OF APPLICATION, 2023 VS. 2028 (USD MILLION) 
    FIGURE 8 MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION) 
    FIGURE 9 MARKET, BY CROP TYPE, 2023 VS. 2028 (USD MILLION) 
    FIGURE 10 MARKET, BY FORM, 2023 VS. 2028 (USD MILLION) 
    FIGURE 11 MARKET SHARE (VALUE), BY REGION, 2022 
 
4 PREMIUM INSIGHTS (Page No. - 58)
    4.1 ATTRACTIVE OPPORTUNITIES FOR BIOFERTILIZERS MARKET PLAYERS 
           FIGURE 12 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.2 EUROPE: BIOFERTILIZERS MARKET, BY KEY FUNCTION AND COUNTRY 
           FIGURE 13 FRANCE AND CEREALS & GRAINS SEGMENTS ACCOUNTED FOR LARGEST RESPECTIVE SHARES IN 2022
    4.3 BIOFERTILIZERS MARKET, BY TYPE, 2023 VS. 2028 
           FIGURE 14 NITROGEN-FIXING BIOFERTILIZERS TO DOMINATE MARKET DURING FORECAST PERIOD
    4.4 BIOFERTILIZERS MARKET, BY CROP TYPE, 2023 VS. 2028 
           FIGURE 15 FRUITS & VEGETABLES TO DOMINATE MARKET DURING FORECAST PERIOD
    4.5 BIOFERTILIZERS MARKET, BY MODE OF APPLICATION, 2023 VS. 2028 
           FIGURE 16 SOIL TREATMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.6 BIOFERTILIZERS MARKET, BY FORM, 2023 VS. 2028 
           FIGURE 17 LIQUID FORM TO DOMINATE MARKET DURING FORECAST PERIOD
    4.7 BIOFERTILIZERS MARKET, BY APPLICATION AND REGION, 2023 VS. 2028 
           FIGURE 18 NORTH AMERICA TO DOMINATE MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 63)
    5.1 INTRODUCTION 
    5.2 MACROECONOMIC INDICATORS INFLUENCING BIOFERTILIZERS MARKET 
           5.2.1 POPULATION GROWTH AND DEMAND FOR DIVERSE FOOD PRODUCTS
                    FIGURE 19 POPULATION GROWTH TREND, BY REGION, 1950–2050 (MILLION)
           5.2.2 INCREASE IN ORGANIC FARM AREA
                    FIGURE 20 ORGANIC FARM AREA GROWTH TREND, BY KEY COUNTRY, 2016–2019 ('000 HA)
           5.2.3 INCREASE IN PRODUCTION OF FRUITS & VEGETABLES
                    FIGURE 21 AREA HARVESTED UNDER FRUITS, VEGETABLES, AND OTHER HIGH-VALUE CROPS, 2015-2019 (MILLION HA)
    5.3 MARKET DYNAMICS 
           FIGURE 22 MARKET DYNAMICS: BIOFERTILIZERS MARKET
           5.3.1 DRIVERS
                    5.3.1.1 Growth in organic food industry
                               FIGURE 23 ORGANIC RETAIL SALES, 2016–2019 (USD MILLION)
                               FIGURE 24 ORGANIC RETAIL SALES, 2017 VS 2018 (USD MILLION)
                               FIGURE 25 SHARE OF ORGANIC FRESH PRODUCE SALES AND VOLUME 1ST QUARTER, 2021
                    5.3.1.2 Increase in awareness of need for sustainable in modern agriculture methods
                    5.3.1.3 Hazards of using chemical fertilizers and increase in environmental concerns
                    5.3.1.4 Increase in usage of biofertilizers in ranch and private farms
                               FIGURE 26 GROWTH TRENDS OF ORGANIC PRODUCERS, 2016–2019
                    5.3.1.5 Adoption of precision farming and protected agriculture
                    5.3.1.6 Provision of range of phytohormones, macronutrients, and micronutrients
           5.3.2 RESTRAINTS
                    5.3.2.1 Environmental and technological constraints
                    5.3.2.2 Poor infrastructure and high initial investment
                    5.3.2.3 Absence of well-constructed marketing routes and surrounding infrastructure
           5.3.3 OPPORTUNITIES
                    5.3.3.1 New target markets: Asia Pacific & Africa
                    5.3.3.2 Increase in production and yield of crops
                    5.3.3.3 Increase in utilization of liquid biofertilizers and fertigation method
           5.3.4 CHALLENGES
                    5.3.4.1 Lack of awareness and low adoption rate of biofertilizers
                    5.3.4.2 Unfavorable regulatory standards
                    5.3.4.3 Supply of counterfeit and less-effective products
 
6 INDUSTRY TRENDS (Page No. - 77)
    6.1 INTRODUCTION 
    6.2 VALUE CHAIN ANALYSIS 
           FIGURE 27 VALUE CHAIN ANALYSIS OF BIOFERTILIZERS MARKET
    6.3 SUPPLY CHAIN ANALYSIS 
           6.3.1 PROMINENT COMPANIES
           6.3.2 SMALL AND MEDIUM ENTERPRISES (SME)
           6.3.3 END USERS
           6.3.4 KEY INFLUENCERS
                    FIGURE 28 BIOFERTILIZERS MARKET: SUPPLY CHAIN
    6.4 TECHNOLOGY ANALYSIS 
           6.4.1 TECHNOLOGICAL ADVANCEMENTS FOR LIQUID BIO-FERTILIZERS
    6.5 PRICE TREND ANALYSIS 
           6.5.1 AVERAGE SELLING PRICES, BY TYPE
                    FIGURE 29 GLOBAL AVERAGE SELLING PRICES, BY TYPE
                    TABLE 3 BIOFERTILIZERS: AVERAGE SELLING PRICE (ASP), BY REGION, 2020–2022 (USD/TON)
                    TABLE 4 BIOFERTILIZERS: AVERAGE SELLING PRICE (ASP), BY TYPE, 2020–2022 (USD/TON)
    6.6 MARKET MAPPING AND ECOSYSTEM ANALYSIS 
           6.6.1 SUPPLY-SIDE ANALYSIS
           6.6.2 DEMAND-SIDE ANALYSIS
                    FIGURE 30 BIOFERTILIZERS MARKET MAPPING
                    TABLE 5 BIOFERTILIZERS MARKET: SUPPLY CHAIN ECOSYSTEM
    6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS BUSINESS 
           FIGURE 31 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
    6.8 TRADE ANALYSIS 
           TABLE 6 EXPORT VALUE OF ANIMAL OR VEGETABLE FERTILIZERS, BY KEY COUNTRY, 2021
           TABLE 7 IMPORT VALUE OF ANIMAL OR VEGETABLE FERTILIZERS, BY KEY COUNTRY, 2021
           TABLE 8 EXPORT VALUE OF ANIMAL OR VEGETABLE FERTILIZERS, BY KEY COUNTRY, 2020
           TABLE 9 IMPORT VALUE OF ANIMAL OR VEGETABLE FERTILIZERS, BY KEY COUNTRY, 2020
           TABLE 10 EXPORT VALUE OF ANIMAL OR VEGETABLE FERTILIZERS, BY KEY COUNTRY, 2019
           TABLE 11 IMPORT VALUE OF ANIMAL OR VEGETABLE FERTILIZERS, BY KEY COUNTRY, 2019
    6.9 PATENT ANALYSIS 
           FIGURE 32 PATENTS GRANTED FOR BIOFERTILIZERS MARKET, 2012–2022
           FIGURE 33 REGIONAL ANALYSIS OF PATENT GRANTED FOR BIOFERTILIZERS MARKET, 2012–2022
           TABLE 12 PATENTS PERTAINING TO BIOFERTILIZERS, 2020–2022
    6.10 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 13 BIOFERTILIZERS MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.10.1 INTENSITY OF COMPETITIVE RIVALRY
           6.10.2 BARGAINING POWER OF SUPPLIERS
           6.10.3 BARGAINING POWER OF BUYERS
           6.10.4 THREAT OF SUBSTITUTES
           6.10.5 THREAT OF NEW ENTRANTS
    6.11 CASE STUDIES 
                    TABLE 14 IDENTIFICATION OF MARKET OPPORTUNITIES FOR BIOFERTILIZERS IN NORTH AMERICA
                    TABLE 15 HIGH ADOPTION OF ORGANIC GROWTH STRATEGIES BY KEY PLAYERS
    6.12 KEY CONFERENCES AND EVENTS 
                    TABLE 16 KEY CONFERENCES AND EVENTS IN BIOFERTILIZERS MARKET, 2023
    6.13 TARIFF AND REGULATORY LANDSCAPE 
                    TABLE 17 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 18 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 19 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 20 SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.14 REGULATORY FRAMEWORK 
           6.14.1 NORTH AMERICA
                    6.14.1.1 US
                    6.14.1.2 Canada
           6.14.2 EUROPE
                    6.14.2.1 Spain
                    6.14.2.2 Italy
           6.14.3 ASIA PACIFIC
                    6.14.3.1 China
                    6.14.3.2 Australia
                               TABLE 21 ENVIRONMENTAL STUDY ISSUES TO BE CONSIDERED IN APPLICATION
                    6.14.3.3 India
           6.14.4 SOUTH AMERICA
                    6.14.4.1 Brazil
    6.15 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY TYPE
                    TABLE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE TYPE
           6.15.2 BUYING CRITERIA
                    TABLE 23 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS
                    FIGURE 35 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS
 
7 BIOFERTILIZERS MARKET, BY TYPE (Page No. - 103)
    7.1 INTRODUCTION 
           TABLE 24 RHIZOBACTERIA USED IN PRODUCTION OF BIOFERTILIZERS, AND THEIR IMPACT ON PLANT PRODUCTIVITY
           FIGURE 36 NITROGEN-FIXING BIOFERTILIZERS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
           TABLE 25 BIOFERTILIZERS MARKET, BY TYPE, 2018–2022 (USD MILLION)
           TABLE 26 MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 27 BIOFERTILIZERS MARKET, BY TYPE, 2018–2022 (KT)
           TABLE 28 MARKET, BY TYPE, 2023–2028 (KT)
    7.2 NITROGEN-FIXING BIOFERTILIZERS 
           7.2.1 NITROGEN-FIXING BIOFERTILIZERS TO ENHANCE AGRICULTURAL PRODUCTIVITY
                    TABLE 29 NITROGEN-FIXING BIOFERTILIZERS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 30 MARKET FOR NITROGEN-FIXING BIOFERTILIZERS, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 31 MARKET FOR NITROGEN-FIXING BIOFERTILIZERS, BY REGION, 2018–2022 (KT)
                    TABLE 32 MARKET FOR NITROGEN-FIXING BIOFERTILIZERS, BY REGION, 2023–2028 (KT)
    7.3 PHOSPHATE SOLUBILIZING & MOBILIZING BIOFERTILIZERS 
           7.3.1 LOW AVAILABILITY OF PHOSPHORUS IN SOIL TO IMPACT GROWTH OF PLANTS
                    TABLE 33 PHOSPHATE SOLUBILIZING & MOBILIZING BIOFERTILIZERS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 34 MARKET FOR PHOSPHATE SOLUBILIZING & MOBILIZING BIOFERTILIZERS, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 35 MARKET FOR PHOSPHATE SOLUBILIZING & MOBILIZING BIOFERTILIZERS, BY REGION, 2018–2022 (KT)
                    TABLE 36 MARKET FOR PHOSPHATE SOLUBILIZING & MOBILIZING BIOFERTILIZERS, BY REGION, 2023–2028 (KT)
    7.4 POTASSIUM SOLUBILIZING & MOBILIZING BIOFERTILIZERS 
           7.4.1 HIGHER ADOPTION OF CARRIER-BASED POTASH SOLUBILIZING BIOFERTILIZERS FOR BETTER YIELDS
                    TABLE 37 POTASSIUM SOLUBILIZING & MOBILIZING BIOFERTILIZERS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 38 MARKET FOR POTASSIUM SOLUBILIZING & MOBILIZING BIOFERTILIZERS, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 39 MARKET FOR POTASSIUM SOLUBILIZING & MOBILIZING BIOFERTILIZERS, BY REGION, 2018–2022 (KT)
                    TABLE 40 MARKET FOR POTASSIUM SOLUBILIZING & MOBILIZING BIOFERTILIZERS, BY REGION, 2023–2028 (KT)
    7.5 OTHER TYPES 
           TABLE 41 OTHER BIOFERTILIZERS TYPES MARKET, BY REGION, 2018–2022 (USD MILLION)
           TABLE 42 OTHER BIOFERTILIZER TYPES MARKET, BY REGION, 2023–2028 (USD MILLION)
           TABLE 43 OTHER BIOFERTILIZERS TYPES MARKET, BY REGION, 2018–2022 (KT)
           TABLE 44 OTHER BIOFERTILIZER TYPES MARKET, BY REGION, 2023–2028 (KT)
 
8 BIOFERTILIZERS MARKET, BY CROP TYPE (Page No. - 116)
    8.1 INTRODUCTION 
           FIGURE 37 CEREALS & GRAINS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
           TABLE 45 BIOFERTILIZERS MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
           TABLE 46 MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
    8.2 CEREALS & GRAINS 
           8.2.1 SUSTAINABLE BENEFITS OF BIOFERTILIZERS TO DRIVE DEMAND FOR CEREAL CROPS
                    TABLE 47 CEREALS & GRAINS: MARKET FOR BIOFERTILIZERS, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 48 CEREALS & GRAINS: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 PULSES & OILSEEDS 
           8.3.1 TECHNOLOGICAL ADVANCEMENTS TO ENHANCE PULSE PRODUCTION QUALITY
                    TABLE 49 PULSES AND OILSEEDS: MARKET FOR BIOFERTILIZERS, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 50 PULSES AND OILSEEDS: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.4 FRUITS & VEGETABLES 
           8.4.1 STRINGENT REGULATIONS TO INCREASE USE OF BIOLOGICAL INPUTS
                    TABLE 51 FRUITS & VEGETABLES: BIOFERTILIZERS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 52 FRUITS & VEGETABLES: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.5 OTHER CROP TYPES 
           TABLE 53 OTHER CROP TYPES: MARKET FOR BIOFERTILIZERS, BY REGION, 2018–2022 (USD MILLION)
           TABLE 54 OTHER CROP TYPES: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 BIOFERTILIZERS MARKET, BY MODE OF APPLICATION (Page No. - 125)
    9.1 INTRODUCTION 
           FIGURE 38 SOIL TREATMENT SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
           TABLE 55 BIOFERTILIZERS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD MILLION)
           TABLE 56 MARKET, BY MODE OF APPLICATION, 2023–2028 (USD MILLION)
    9.2 SOIL TREATMENT 
           9.2.1 CONVENTIONAL AGRICULTURAL PRACTICES TO ENCOURAGE SOIL TREATMENT WITH USE OF BIOFERTILIZERS IN ASIA PACIFIC
                    TABLE 57 SOIL TREATMENT: MARKET FOR BIOFERTILIZERS, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 58 SOIL TREATMENT: MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 SEED TREATMENT 
           9.3.1 SEED TREATMENT TO IMPROVE UPTAKE OF NUTRIENTS
                    TABLE 59 SEED TREATMENT: MARKET FOR BIOFERTILIZERS, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 60 SEED TREATMENT: MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.4 OTHER MODES OF APPLICATION 
           9.4.1 FOLIAR TREATMENT TO PROVIDE FASTER RESULTS FOR NUTRITIONAL DEFICIENCIES
                    TABLE 61 OTHER MODES OF APPLICATION: BIOFERTILIZERS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 62 OTHER MODES OF APPLICATION: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
10 BIOFERTILIZERS MARKET, BY FORM (Page No. - 131)
     10.1 INTRODUCTION 
               FIGURE 39 LIQUID SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
               TABLE 63 BIOFERTILIZERS MARKET, BY FORM, 2018–2022 (USD MILLION)
               TABLE 64 MARKET, BY FORM, 2023–2028 (USD MILLION)
     10.2 LIQUID BIOFERTILIZERS 
             10.2.1 INCREASE IN TOLERANCE LIMITS OF LIQUID BIOFERTILIZERS TO DRIVE DEMAND
                       TABLE 65 LIQUID: MARKET FOR BIOFERTILIZERS, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 66 LIQUID: MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.3 CARRIER-BASED BIOFERTILIZERS 
             10.3.1 LOW SHELF LIFE TO INHIBIT MARKET GROWTH
                       TABLE 67 CARRIER-BASED: MARKET FOR BIOFERTILIZERS, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 68 CARRIER-BASED: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
11 BIOFERTILIZERS MARKET, BY MICROORGANISM (Page No. - 137)
     11.1 INTRODUCTION 
     11.2 RHIZOBIUM 
     11.3 AZOSPIRILLUM 
     11.4 AZOTOBACTER 
     11.5 OTHER TYPES OF MICROORGANISM 
 
12 BIOFERTILIZERS MARKET, BY REGION (Page No. - 140)
     12.1 INTRODUCTION 
               FIGURE 40 SPAIN IS PROJECTED TO WITNESS HIGHEST GROWTH RATE AMONG COUNTRY-LEVEL MARKETS
               TABLE 69 MARKET FOR BIOFERTILIZERS, BY REGION, 2018–2022 (USD MILLION)
               TABLE 70 MARKET, BY REGION, 2023–2028 (USD MILLION)
               TABLE 71 MARKET, BY REGION, 2018–2022 (KT)
               TABLE 72 MARKET, BY REGION, 2023–2028 (KT)
     12.2 NORTH AMERICA 
               FIGURE 41 NORTH AMERICA: REGIONAL SNAPSHOT
             12.2.1 RECESSION IMPACT ANALYSIS
                       FIGURE 42 NORTH AMERICA: RECESSION IMPACT ANALYSIS SNAPSHOT
                       TABLE 73 NORTH AMERICA: BIOFERTILIZERS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 74 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 75 NORTH AMERICA: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                       TABLE 76 NORTH AMERICA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 77 NORTH AMERICA: MARKET, BY TYPE, 2018–2022 (KT)
                       TABLE 78 NORTH AMERICA: MARKET, BY TYPE, 2023–2028 (KT)
                       TABLE 79 NORTH AMERICA: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                       TABLE 80 NORTH AMERICA: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
                       TABLE 81 NORTH AMERICA: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 82 NORTH AMERICA: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 83 NORTH AMERICA: MARKET, BY FORM, 2018–2022 (USD MILLION)
                       TABLE 84 NORTH AMERICA: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.2.2 US
                       12.2.2.1 Strengthening supply channels of organic products for food industries to drive demand for biofertilizers
                                   TABLE 85 US: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 86 US:  MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 87 US: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 88 US: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
             12.2.3 CANADA
                       12.2.3.1 Rise in organic farmlands to encourage biofertilizer manufacturers to increase production capacity
                                   TABLE 89 CANADA: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 90 CANADA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 91 CANADA: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 92 CANADA: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
             12.2.4 MEXICO
                       12.2.4.1 Rise in exports of fruits & vegetables to increase adoption of biofertilizers among small organic producers
                                   TABLE 93 MEXICO: BIOFERTILIZERS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 94 MEXICO: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 95 MEXICO: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 96 MEXICO: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
     12.3 EUROPE 
               FIGURE 43 EUROPE: BIOFERTILIZERS MARKET SNAPSHOT
             12.3.1 RECESSION IMPACT ANALYSIS
                       FIGURE 44 EUROPE: BIOFERTILIZERS MARKET RECESSION IMPACT ANALYSIS SNAPSHOT
                       TABLE 97 EUROPE: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 98 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 99 EUROPE: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                       TABLE 100 EUROPE: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 101 EUROPE: MARKET, BY TYPE, 2018–2022 (KT)
                       TABLE 102 EUROPE: MARKET, BY TYPE, 2023–2028 (KT)
                       TABLE 103 EUROPE: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                       TABLE 104 EUROPE: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
                       TABLE 105 EUROPE: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 106 EUROPE: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 107 EUROPE: MARKET, BY FORM, 2018–2022 (USD MILLION)
                       TABLE 108 EUROPE: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.3.2 GERMANY
                       12.3.2.1 Early adoption of EU agricultural standards and policies to drive growth of nitrogen-fixing biofertilizers market
                                   TABLE 109 GERMANY: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 110 GERMANY: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 111 GERMANY: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 112 GERMANY: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
             12.3.3 FRANCE
                       12.3.3.1 Need for sustainable crop production to encourage farmers to opt for organic practices
                                   TABLE 113 FRANCE: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 114 FRANCE: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 115 FRANCE: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 116 FRANCE: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
             12.3.4 ITALY
                       12.3.4.1 Government initiatives to provide financial support to farmers
                                   TABLE 117 ITALY: BIOFERTILIZERS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 118 ITALY: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 119 ITALY: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 120 ITALY: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
             12.3.5 SPAIN
                       12.3.5.1 Increase in R&D activities to provide innovative products
                                   TABLE 121 SPAIN: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 122 SPAIN: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 123 SPAIN: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 124 SPAIN: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
             12.3.6 UK
                       12.3.6.1 Increased awareness pertaining to need for sustainable farming practices
                                   TABLE 125 UK: BIOFERTILIZERS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 126 UK: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 127 UK: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 128 UK: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
             12.3.7 RUSSIA
                       12.3.7.1 Increased focus on production capacity of biofertilizers among agri-input players
                                   TABLE 129 RUSSIA: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 130 RUSSIA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 131 RUSSIA: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 132 RUSSIA: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
             12.3.8 NETHERLANDS
                       12.3.8.1 Biological inputs to witness increase in application in greenhouse cultivation
                                   TABLE 133 NETHERLANDS: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 134 NETHERLANDS: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 135 NETHERLANDS: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 136 NETHERLANDS: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
             12.3.9 REST OF EUROPE
                       12.3.9.1 High focus on increasing production capacity of biofertilizers among agri-input players
                                   TABLE 137 REST OF EUROPE: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 138 REST OF EUROPE: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 139 REST OF EUROPE: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 140 REST OF EUROPE: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
             12.3.10 ASIA PACIFIC
             12.3.11 RECESSION IMPACT ANALYSIS
                       FIGURE 45 ASIA PACIFIC: BIOFERTILIZERS MARKET RECESSION IMPACT ANALYSIS SNAPSHOT
                       TABLE 141 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 142 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 143 ASIA PACIFIC: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                       TABLE 144 ASIA PACIFIC: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 145 ASIA PACIFIC: MARKET, BY TYPE, 2018–2022 (KT)
                       TABLE 146 ASIA PACIFIC: MARKET, BY TYPE, 2023–2028 (KT)
                       TABLE 147 ASIA PACIFIC: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                       TABLE 148 ASIA PACIFIC: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
                       TABLE 149 ASIA PACIFIC: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 150 ASIA PACIFIC: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 151 ASIA PACIFIC: MARKET, BY FORM, 2018–2022 (USD MILLION)
                       TABLE 152 ASIA PACIFIC: MARKET, BY FORM, 2023–2028 (USD MILLION)
            12.3.11.1 India
                       TABLE 153 INDIA: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                       TABLE 154 INDIA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 155 INDIA: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                       TABLE 156 INDIA: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
             12.3.12 JAPAN
                       12.3.12.1 Increase in focus on rice production using both traditional and modern practices to drive demand
                                   TABLE 157 JAPAN: BIOFERTILIZERS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 158 JAPAN: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 159 JAPAN: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 160 JAPAN: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
                       12.3.12.2 China
                                   TABLE 161 CHINA: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 162 CHINA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 163 CHINA: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 164 CHINA: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
                       12.3.12.3 Thailand
                                   TABLE 165 THAILAND: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 166 THAILAND: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 167 THAILAND: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 168 THAILAND: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
                      12.3.12.4 Australia
                                   TABLE 169 AUSTRALIA: BIOFERTILIZERS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 170 AUSTRALIA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 171 AUSTRALIA: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 172 AUSTRALIA: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
                      12.3.12.5 Indonesia
                                   TABLE 173 INDONESIA: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 174 INDONESIA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 175 INDONESIA: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 176 INDONESIA: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
             12.3.13 REST OF ASIA PACIFIC
                      12.3.13.1 Increasing awareness regarding sustainable farming practices to drive market
                       TABLE 177 REST OF ASIA PACIFIC: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                       TABLE 178 REST OF ASIA PACIFIC: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 179 REST OF ASIA PACIFIC: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                       TABLE 180 REST OF ASIA PACIFIC: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
             12.3.14 SOUTH AMERICA
             12.3.15 RECESSION IMPACT ANALYSIS
                       FIGURE 46 SOUTH AMERICA: BIOFERTILIZERS MARKET RECESSION IMPACT ANALYSIS SNAPSHOT
                       TABLE 181 SOUTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 182 SOUTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 183 SOUTH AMERICA: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                       TABLE 184 SOUTH AMERICA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 185 SOUTH AMERICA: MARKET, BY TYPE, 2018–2022 (KT)
                       TABLE 186 SOUTH AMERICA: MARKET, BY TYPE, 2023–2028 (KT)
                       TABLE 187 SOUTH AMERICA: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                       TABLE 188 SOUTH AMERICA: MARKET, BY CROP TYPE, 2023–2028 (MILLION)
                       TABLE 189 SOUTH AMERICA: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 190 SOUTH AMERICA: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 191 SOUTH AMERICA: MARKET, BY FORM, 2018–2022 (USD MILLION)
                       TABLE 192 SOUTH AMERICA: MARKET, BY FORM, 2023–2028 (USD MILLION)
                       12.3.15.1 Brazil
                                   TABLE 193 BRAZIL: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 194 BRAZIL: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 195 BRAZIL: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 196 BRAZIL: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
             12.3.16 ARGENTINA
                       12.3.16.1 High market penetration with help of local companies
                                   TABLE 197 ARGENTINA: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 198 ARGENTINA:  MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 199 ARGENTINA: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 200 ARGENTINA: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
             12.3.17 REST OF SOUTH AMERICA
                      12.3.17.1 Biofertilizers to be used as agricultural solutions for enhancing crop productivity
                                   TABLE 201 REST OF SOUTH AMERICA: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                                   TABLE 202 REST OF SOUTH AMERICA:  MARKET, BY TYPE, 2023–2028 (USD MILLION)
                                   TABLE 203 REST OF SOUTH AMERICA: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                                   TABLE 204 REST OF SOUTH AMERICA: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
             12.3.18 ROW
             12.3.19 RECESSION IMPACT ANALYSIS
                       FIGURE 47 ROW: BIOFERTILIZERS MARKET RECESSION IMPACT ANALYSIS SNAPSHOT
                       TABLE 205 ROW: MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 206 ROW: MARKET, BY REGION, 2023–2028 (USD MILLION)
                       TABLE 207 ROW: MARKET, BY TYPE, 2018–2022 (USD MILLION)
                       TABLE 208 ROW: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 209 ROW: MARKET, BY TYPE, 2018–2022 (KT)
                       TABLE 210 ROW: MARKET, BY TYPE, 2023–2028 (KT)
                       TABLE 211 ROW: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                       TABLE 212 ROW: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
                       TABLE 213 ROW: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 214 ROW: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 215 ROW: MARKET, BY FORM, 2018–2022 (USD MILLION)
                       TABLE 216 ROW: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.3.20 AFRICA
                       TABLE 217 AFRICA: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                       TABLE 218 AFRICA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 219 AFRICA: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                       TABLE 220 AFRICA: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
             12.3.21 MIDDLE EAST
                       TABLE 221 MIDDLE EAST: MARKET FOR BIOFERTILIZERS, BY TYPE, 2018–2022 (USD MILLION)
                       TABLE 222 MIDDLE EAST: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 223 MIDDLE EAST: MARKET, BY CROP TYPE, 2018–2022 (USD MILLION)
                       TABLE 224 MIDDLE EAST: MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
 
13 COMPETITIVE LANDSCAPE (Page No. - 221)
     13.1 OVERVIEW 
     13.2 STRATEGIES ADOPTED BY KEY PLAYERS 
     13.3 MARKET SHARE ANALYSIS 
               TABLE 225 BIOFERTILIZERS MARKET: DEGREE OF COMPETITION
     13.4 COMPANY REVENUE ANALYSIS OF KEY PLAYERS, 2020–2022 
               FIGURE 48 REVENUE ANALYSIS OF KEY PLAYERS, 2020–2022 (USD MILLION)
     13.5 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 
             13.5.1 STARS
             13.5.2 EMERGING LEADERS
             13.5.3 PERVASIVE PLAYERS
             13.5.4 PARTICIPANTS
                       FIGURE 49 BIOFERTILIZERS MARKET, COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS)
             13.5.5 PRODUCT FOOTPRINT
                       TABLE 226 BIOFERTILIZERS: TYPE FOOTPRINT OF KEY PLAYERS
                       TABLE 227 BIOFERTILIZERS: FORM FOOTPRINT OF KEY PLAYERS
                       TABLE 228 BIOFERTILIZERS: MODE OF APPLICATION FOOTPRINT OF KEY PLAYERS
                       TABLE 229 BIOFERTILIZERS: REGION FOOTPRINT OF KEY PLAYERS
                       TABLE 230 BIOFERTILIZERS: OVERALL FOOTPRINT OF KEY PLAYERS
     13.6 START-UP/SME EVALUATION QUADRANT (OTHER PLAYERS) 
             13.6.1 PROGRESSIVE COMPANIES
             13.6.2 STARTING BLOCKS
             13.6.3 RESPONSIVE COMPANIES
             13.6.4 DYNAMIC COMPANIES
                       FIGURE 50 BIOFERTILIZERS MARKET: COMPANY EVALUATION QUADRANT, 2022 (OTHER PLAYERS)
             13.6.5 COMPETITIVE BENCHMARKING OF OTHER PLAYERS
                       TABLE 231 DETAILED LIST OF OTHER PLAYERS
                       TABLE 232 COMPETITIVE BENCHMARKING (OTHER PLAYERS), 2021
     13.7 COMPETITIVE SCENARIO 
             13.7.1 PRODUCT LAUNCHES
                       TABLE 233 MARKET FOR BIOFERTILIZERS: PRODUCT LAUNCHES, 2018–2022
             13.7.2 DEALS
                       TABLE 234 BIOFERTILIZERS MARKET: DEALS, 2018- 2022
             13.7.3 OTHERS
                       TABLE 235 MARKET FOR BIOFERTILIZERS: OTHERS, 2018–2022
 
14 COMPANY PROFILES (Page No. - 241)
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
     14.1 KEY PLAYERS 
             14.1.1 NOVOZYMES
                       TABLE 236 NOVOZYMES: BUSINESS OVERVIEW
                       FIGURE 51 NOVOZYMES: COMPANY SNAPSHOT
                       TABLE 237 NOVOZYMES: PRODUCT LAUNCHES
                       TABLE 238 NOVOZYMES: DEALS
                       TABLE 239 NOVOZYMES: OTHERS
             14.1.2 UPL
                       TABLE 240 UPL: BUSINESS OVERVIEW
                       FIGURE 52 UPL: COMPANY SNAPSHOT
                       TABLE 241 UPL: DEALS
             14.1.3 CHR. HANSEN HOLDING A/S
                       TABLE 242 CHR. HANSEN HOLDING A/S: BUSINESS OVERVIEW
                       FIGURE 53 CHR. HANSEN HOLDING A/S: COMPANY SNAPSHOT
                       TABLE 243 CHR. HANSEN HOLDING A/S: DEALS
             14.1.4 SYNGENTA
                       TABLE 244 SYNGENTA- BUSINESS OVERVIEW
                       FIGURE 54 SYNGENTA: COMPANY SNAPSHOT
                       TABLE 245 SYNGENTA: PRODUCT LAUNCHES
                       TABLE 246 SYNGENTA: DEALS
             14.1.5 T. STANES AND COMPANY LIMITED
                       TABLE 247 T. STANES AND COMPANY LIMITED: BUSINESS OVERVIEW
                       FIGURE 55 T. STANES AND COMPANY LIMITED: COMPANY SNAPSHOT
             14.1.6 LALLEMAND INC.
                       TABLE 248 LALLEMAND INC.: BUSINESS OVERVIEW
                       TABLE 249 LALLEMAND INC.: PRODUCT LAUNCHES
             14.1.7 RIZOBACTER ARGENTINA S.A.
                       TABLE 250 RIZOBACTER ARGENTINA S.A: BUSINESS OVERVIEW
                       TABLE 251 RIZOBACTER ARGENTINA S.A.: DEALS
                       TABLE 252 RIZOBACTER ARGENTINA S.A.: OTHERS
             14.1.8 VEGALAB SA
                       TABLE 253 VEGALAB SA: BUSINESS OVERVIEW
                       TABLE 254 VEGALAB SA: DEALS
             14.1.9 IPL BIOLOGICALS LIMITED
                       TABLE 255 IPL BIOLOGICALS LIMITED: BUSINESS OVERVIEW
             14.1.10 KIWA BIO-TECH PRODUCT GROUP COOPERATION
                       TABLE 256 KIWA BIO-TECH PRODUCT GROUP COOPERATION: BUSINESS OVERVIEW
                       TABLE 257 KIWA BIO-TECH PRODUCT GROUP COOPERATION: DEALS
                       TABLE 258 KIWA BIO-TECH PRODUCT GROUP COOPERATION: OTHERS
             14.1.11 SYMBORG
                       TABLE 259 SYMBORG: BUSINESS OVERVIEW
                       TABLE 260 SYMBORG: PRODUCT LAUNCHES
                       TABLE 261 SYMBORG: OTHERS
             14.1.12 KAN BIOSYS
                       TABLE 262 KAN BIOSYS: BUSINESS OVERVIEW
             14.1.13 MAPLETON AGRI BIOTECH PT LTD
                       TABLE 263 MAPLETON AGRI BIOTECH PT LTD: BUSINESS OVERVIEW
             14.1.14 SEIPASA
                       TABLE 264 SEIPASA: BUSINESS OVERVIEW
                       TABLE 265 SEIPASA: DEALS
                       TABLE 266 SEIPASA: OTHERS
             14.1.15 AGRILIFE
                       TABLE 267 AGRILIFE: BUSINESS OVERVIEW
     14.2 OTHER PLAYERS 
             14.2.1 MANIDHARMA BIOTECH PVT LTD
                       TABLE 268 MANIDHARMA BIOTECH PVT LTD: BUSINESS OVERVIEW
             14.2.2 BIOMAX NATURALS
                       TABLE 269 BIOMAX NATURALS: BUSINESS OVERVIEW
             14.2.3 JAIPUR BIO FERTILIZERS
                       TABLE 270 JAIPUR BIO FERTILIZERS: BUSINESS OVERVIEW
             14.2.4 VALENT BIOSCIENCES
                       TABLE 271 VALENT BIOSCIENCES: BUSINESS OVERVIEW
             14.2.5 AUMGENE BIOSCIENCES
                       TABLE 272 AUMGENE BIOSCIENCES: BUSINESS OVERVIEW
             14.2.6 AGRINOS
             14.2.7 CRIYAGEN
             14.2.8 LKB BIOFERTILIZER
             14.2.9 VARSHA BIOSCIENCE AND TECHNOLOGY INDIA PVT LTD
             14.2.10 NUTRAMAX LABORATORIES, INC
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
 
15 ADJACENT AND RELATED MARKETS (Page No. - 292)
     15.1 INTRODUCTION 
               TABLE 273 ADJACENT MARKETS
     15.2 RESEARCH LIMITATIONS 
     15.3 AGRICULTURAL BIOLOGICALS MARKET 
             15.3.1 MARKET DEFINITION
             15.3.2 MARKET OVERVIEW
                       TABLE 274 AGRICULTURAL BIOLOGICALS MARKET, BY FUNCTION, 2022–2027 (USD MILLION)
     15.4 INOCULANTS MARKET 
             15.4.1 MARKET DEFINITION
             15.4.2 MARKET OVERVIEW
                       TABLE 275 INOCULANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
 
16 APPENDIX (Page No. - 295)
     16.1 DISCUSSION GUIDE 
     16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     16.3 CUSTOMIZATION OPTIONS 
     16.4 RELATED REPORTS 
     16.5 AUTHOR DETAILS 

This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the biofertilizers market. In-depth interviews were conducted with various primary respondents—such as key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants—to obtain and verify critical qualitative and quantitative information and assess prospects.

Secondary Research

In the secondary research process, various sources, such as the Research Institute of Organic Agriculture (FiBL), The International Federation of Organic Agriculture Movements (IFOAM), and Food & Agriculture Organization (FAO), were referred, to identify and collect information for this study. The secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, associations, regulatory bodies, trade directories, and paid databases.

Secondary research was mainly used to obtain vital information about the industry’s supply chain, the total pool of key players, the market classification & segmentation according to the industry trends to the bottom-most level, and geographical markets. It was also used to obtain information on the key developments from a market-oriented perspective.

Primary Research

The market comprises several stakeholders in the supply chain: suppliers, manufacturers, and end-use product manufacturers. Various primary sources from the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders, executives, vice presidents, and CEOs of the agriculture biologicals industry. The primary sources from the supply side include research institutions involved in R&D activities, key opinion leaders, and manufacturers of biofertilizers.

Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Breakdown of Primary participants

Biofertilizers Market Size, and Share

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

Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the total size of the biofertilizers market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players in the industry and the markets were identified through extensive secondary research.
  • The biofertilizers market was determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All macroeconomic and microeconomic factors affecting the growth of the biofertilizers market were considered while estimating the market size.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.

Global Biofertilizers Market Size: Bottom Up Approach

Biofertilizers Market Bottom Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Global Biofertilizers Market Size: Top Down Approach

Biofertilizers Market Top Down Approach

Data Triangulation

After arriving at the overall market size from the above estimation process using both top-down and bottom-up approaches, the total market was split into several segments and subsegments. To complete the overall biofertilizers market estimation and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

According to European Biomass Industry Association, biofertilizers are defined as preparations containing living cells or latent cells of efficient strains of microorganisms that help crop plants’ uptake of nutrients by their interactions in the rhizosphere when applied through seed or soil. They accelerate certain microbial processes in the soil, augmenting the availability of nutrients in a form easily assimilated by plants.

Biofertilizers are substances that contain living microorganisms or latent cells. Biofertilizers are made from biological wastes and do not contain any chemicals. The National Center of Organic Farming (NCOF) defines biofertilizers as “products containing carrier-based (solid or liquid) living microorganisms that are agriculturally useful in terms of nitrogen fixation, phosphorus solubilization or nutrient mobilization, to increase the productivity of the soil and/or crop.

Key Stakeholders

  • Biofertilizers manufacturers
  • Biofertilizers importers and exporters
  • Biofertilizers traders, distributors, and suppliers
  • Government and research organizations
  • Government regulatory agencies
    • Food and Agriculture Organization (FAO)
    • United States Department of Agriculture (USDA)
    • European Food Safety Authority (EFSA)
    • World Health Organization (WHO)
    • Food and Drug Administration (FDA)
    • Environmental Protection Agency (EPA)
    • Department of Environment, Food and Rural Affairs (DEFRA)

Report Objectives

  • To determine and project the size of the biofertilizers market with respect to by type, by crop type, by mode of application, by form, and region
  • To identify the attractive opportunities in the market by determining the largest and fastest growing segments across regions
  • To provide detailed information about the key factors influencing the market growth (drivers, restraints, opportunities, and industry-specific challenges)
  • To provide the regulatory framework for major countries related to the biofertilizers market
  • To analyze the micro-markets with respect to individual growth trends, prospects, and their contribution to the total market
  • To understand the competitive landscape and identifying the major growth strategies adopted by players across the key regions.
  • To analyze the value chain and products across the key regions and their impact on the prominent market players
  • To provide insights on key product innovations and investments in the global biofertilizers market

Available Customizations

MarketsandMarkets offers customizations according to client-specific scientific needs with the given market data.

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 Europe's biofertilizers market into Denmark, Belgium, Switzerland, Ireland, and other EU and non-EU countries.
  • Further breakdown of the Rest of Asia Pacific biofertilizers market into South Korea, Malaysia, and Vietnam.
  • Further breakdown of the Rest of the South American biofertilizers market into Chile, Peru, Colombia, Uruguay, Ecuador, Venezuela.

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
Mar, 2023
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