Biofertilizers Market

Novozymes (Denmark) and Kiwa Biotech (China) are the Key Players in the Biofertilizers Market

The biofertilizers market is estimated to be valued at USD 2.0 billion in 2019 and is projected to reach USD 3.8 billion by 2025, recording a CAGR of 11.2% during the forecast period. The growth of the biofertilizers market is driven by factors such as the increasing preference for organic food products, nitrate emissions, eutrophication of water, and rising government initiatives.

Key players in the biofertilizers market include Novozymes (Denmark), Kiwa Biotech (China), Symborg (Spain), International Panaacea Limited (India) and Rizobacter Argentina S.A (Argentina).

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Novozymes A/S is a global biotechnology company which is primarily engaged in the production and marketing of enzymes, microorganisms, and biopharmaceutical ingredients. The company manages its business through two major segments, namely, enzymes and bio-business. It has a portfolio of over 700 products, which are used in 130 countries. Novozymes entered into a strategic alliance with Monsanto to form BioAg Alliance, which has helped the company to focus exclusively on research & develop crop-yield enhancing microbial products. The company mainly focuses on various investments to strengthen its position in the biofertilizers market. For instance, in June 2019, the company opened its office in Kenya intending to provide sustainable biological solutions. Moreover, in April of the same year, the company announced plans to continue its research & distribution partnership with Bayer (Germany), where Novozymes could form multi-partnership with UPL (India) and Univar Solutions (US) to distribute its biological products.

Rizobacter Argentina, a biofertilizer manufacturing company, was acquired by Bioceres in 2016 for strengthening its biological product portfolio in soybean. Bioceres is one of the largest crop productivity solution providers in Argentina and South America. Bioceres has a strategic partnership with companies, such as Syngenta AG (Switzerland) and Valent Biosciences (US). Rizobacter Argentina S.A., a subsidiary of Bioceres, is engaged agricultural microbiology business. The company operates through five product lines, namely, inoculants & bio inductors, seeds, adjuvants, biological fertilizers, and others, which include pest control baits for stored grains. It offers biofertilizer products under the trade name “Rizofos.” In July 2018, Rizobacter Argentina registered an inoculant for chickpea. This product would help to increase the potential pulses market of Europe and India.

Kiwa Bio-Tech develops, manufactures, and distributes innovative, cost-effective, and environment-friendly biotechnology products. The company mainly operates through four revenue segments, namely, biological organic fertilizer series, compound microbial fertilizer series, bio water-soluble fertilizer series, and microbial inoculum fertilizer. Kiwa Bio-Tech has a team dedicated to eco-agricultural product development to satisfy the growing need for safe food. Kiwa Bio-Tech operates in countries, such as the US and China through its subsidiaries. It has manufacturing facilities in Shandong, China. The company mainly operates through its key subsidiary, Kiwa Baiao Bio Tech (Beijing) Co. Ltd. (China).

Related Reports:

Biofertilizers Market by Form (Liquid, Carrier-Based), Mode of Application (Soil Treatment, Seed Treatment), Crop Type, Type (Nitrogen-Fixing, Phosphate Solubilizing & Mobilizing, Potash Solubilizing & Mobilizing), Region - Global Forecast to 2025

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Report Code
AGI 2569
RI Published ON
9/3/2019
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