Biofertilizers Market Growth & Trends:
The global biofertilizers market size is projected to reach USD 3.9 billion by 2030, registering a CAGR of 12.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Rising demand for organically produced food products across emerging economies backed with growing economic stability is the key boost to the marketspace.
Organic food products are naturally-derived without utilizing any food additives or synthetic chemicals. Key contributors to the organic food market include organically produced meat and dairy products, organically cultivated fruits and vegetables, and naturally-derived beverages, which include both alcoholic as well as non-alcoholic beverages. Growing consumer preference for healthy eating habits globally coupled with rising disposable income levels of individuals in the emerging economies of Asia Pacific, including Indonesia, Japan, India, and Thailand, is projected to boost the demand for organic food and beverage products in the region.
Further, according to the Research Institute of Organic Agriculture, number of organic farmers has grown significantly since 2000 due to the constant efforts undertaken by government agencies and agricultural and environmental authorities globally. The government to raise awareness about the benefits of switching to organic harvesting and incentives to promote sustainable farming practices. The largest market for organic food retail sales in 2017 and 2018 was the U.S. followed by Germany, France, China, and Italy, respectively. Growing acceptance of organic-based farming techniques and consumer inclination toward organic food are anticipated to drive the demand for organic fertilizers in the foreseeable future.
Yet another key driver for development of the market is the increased focus on environmental sustainability, which would result in reduced consumption of petroleum-based products and a shift to bio-based alternatives. Carbon footprint of greenhouse gas emission is one of the major hazards associated with the manufacturing of chemicals from crude oil. The use of biofertilizers is bound to minimize carbon footprints significantly in due course and is, therefore, being highly promoted by key regulatory authorities worldwide. Biofertilizer production emits significantly lower CO2, which makes them increasingly popular in the developed regions of North America and Europe.
Biofertilizers Market Report Highlights:
- North America accounted for the largest market share of 32.1%, in terms of revenue, in 2022 and is projected to grow at a volumetric rate of 13.7% from 2023 to 2030
- Nitrogen fixing biofertilizers are observed to reflect heavy growth in terms of volume growing a CAGR of 13.8% from 2023 to 2030 on account of widespread demand generation from North American and European agricultural communities to boost yield of various cereals
- Among the various crop types, cereals & grains captured a significant market with volume share of 50.6%. This was majorly due to heavy demand for wheat from various Asian and Latin American countries such as Thailand, Singapore, India, Brazil, and Argentina.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources & THIRD-PARTY Perspectives
- 1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market formulation & data visualization
- 1.6 Data validation & publishing
- 1.7 Research Scope and Assumptions
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Biofertilizers Market: Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global Fertilizers Market Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Manufacturing/Technology Trends
- 3.2.2 Sales Channel Analysis
- 3.2.3 List of Potential End-Users
- 3.3 Price Trend Analysis, 2018 - 2030
- 3.3.1 Factors Affecting Prices
- 3.4 Regulatory Framework, By Regions
- 3.5 Market Dynamics
- 3.5.1 Market Driver Analysis
- 3.5.2 Market Restraint Analysis
- 3.5.3 Market Challenges Analysis
- 3.5.4 Market Opportunity Analysis
- 3.6 Business Environment Analysis
- 3.6.1 Porter's Analysis
- 3.6.2 PESTEL Analysis
Chapter 4 Biofertilizers Market: Supplier Portfolio Analysis
- 4.1 List of Key Raw Material Suppliers
- 4.2 Raw Material Trends
- 4.3 Portfolio Analysis/Kraljic Matrix
- 4.4 Engagement Model
- 4.5 Negotiation Strategies
- 4.6 Sourcing Best Practices
Chapter 5 Biofertilizersmarket: Product Estimates & Trend Analysis
- 5.1 Product Movement Analysis & Market Share, 2022 & 2030
- 5.1.1 Nitrogen Fixing
- 5.1.1.1 Nitrogen Fixing Market Estimates And Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.2 Phosphate Solubilizing
- 5.1.2.1 Phosphate Solubilizing Market Estimates And Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.3 Others
- 5.1.3.1 Other Products Market Estimates And Forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6 Biofertilizers Market: Application Estimates & Trend Analysis
- 6.1 Application Movement Analysis & Market Share, 2022 & 2030
- 6.1.1 Seed Treatment
- 6.1.1.1 Biofertilizers Market Estimates And Forecast, In Seed Treatment, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.2 Soil Treatment
- 6.1.2.1 Biofertilizers Market Estimates And Forecast, In Soil Treatment, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7 Biofertilizers Market: Crop Type Estimates & Trend Analysis
- 7.1 Crop Type Movement Analysis & Market Share, 2022 & 2030
- 7.1.1 Cereals & Grains
- 7.1.1.1 Biofertilizers Market Estimates and Forecast, by Cereals & Grains, 2018 - 2030 (Kilotons) (USD Million)
- 7.1.2 Oilseeds & Pulses
- 7.1.2.1 Biofertilizers Market Estimates and Forecast, by Oilseeds & Pulses, 2018 - 2030 (Kilotons) (USD Million)
- 7.1.3 Fruits & Vegetables
- 7.1.3.1 Biofertilizers Market Estimates and Forecast, by Fruits & Vegetables, 2018 - 2030 (Kilotons) (USD Million)
- 7.1.4 Other Crop Type
- 7.1.4.1 Other Crop Type Market Estimates and Forecast, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8 Biofertilizers Market: Regional Estimates & Trend Analysis
- 8.1 Biofertilizers Market: Regional Outlook
- 8.2 North America
- 8.2.1 North America Biofertilizers Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2 North America Biofertilizers Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3 North America Biofertilizers Market Estimates and Forecasts, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.4 U.S.
- 8.2.4.1 Key Country Dynamics
- 8.2.4.2 U.S. Biofertilizers Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.4.3 U.S. Biofertilizers Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.4.4 U.S. Biofertilizers Market Estimates and Forecasts, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.5 Canada
- 8.2.5.1 Key Country Dynamics
- 8.2.5.2 Canada Biofertilizers Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.5.3 Canada Biofertilizers Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.5.4 Canada Biofertilizers Market Estimates and Forecasts, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.6 Mexico
- 8.2.6.1 Key Country Dynamics
- 8.2.6.2 Mexico Biofertilizers Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.6.3 Mexico Biofertilizers Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.6.4 Mexico Biofertilizers Market Estimates and Forecasts, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
- 8.3 Europe
- 8.3.1 Europe Biofertilizers Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.2 Europe Biofertilizers Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.3 Europe Biofertilizers Market Estimates and Forecasts, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.4 Germany
- 8.3.4.1 Key Country Dynamics
- 8.3.4.2 Germany Biofertilizers Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.4.3 Germany Biofertilizers Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.4.4 Germany Biofertilizers Market Estimates and Forecasts, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.5 UK
- 8.3.5.1 Key Country Dynamics
- 8.3.5.2 UK Biofertilizers Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.5.3 UK Biofertilizers Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.5.4 UK Biofertilizers Market Estimates and Forecasts, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.6 France
- 8.3.6.1 Key Country Dynamics
- 8.3.6.2 France Biofertilizers Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.6.3 France Biofertilizers Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.6.4 France Biofertilizers Market Estimates and Forecasts, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.7 Italy
- 8.3.7.1 Key Country Dynamics
- 8.3.7.2 France Biofertilizers Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.7.3 France Biofertilizers Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.7.4 France Biofertilizers Market Estimates and Forecasts, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific Biofertilizers Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.2 Asia Pacific Biofertilizers Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.3 Asia Pacific Biofertilizers Market Estimates and Forecasts, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.4 China
- 8.4.4.1 Key Country Dynamics
- 8.4.4.2 China Biofertilizers Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.4.3 China Biofertilizers Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.4.4 China Biofertilizers Market Estimates and Forecasts, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.5 India
- 8.4.5.1 Key Country Dynamics
- 8.4.5.2 India Biofertilizers Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.5.3 India Biofertilizers Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.5.4 India Biofertilizers Market Estimates and Forecasts, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.6 Japan
- 8.4.6.1 Key Country Dynamics
- 8.4.6.2 Japan Biofertilizers Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.6.3 Japan Biofertilizers Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.6.4 Japan Biofertilizers Market Estimates and Forecasts, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
- 8.5 Central & South America
- 8.5.1 Central & South America Biofertilizers Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
- 8.5.2 Central & South America Biofertilizers Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 8.5.3 Central & South America Biofertilizers Market Estimates and Forecasts, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
- 8.5.4 Brazil
- 8.5.4.1 Key Country Dynamics
- 8.5.4.2 Brazil Biofertilizers Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
- 8.5.4.3 Brazil Biofertilizers Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 8.5.4.4 Brazil Biofertilizers Market Estimates and Forecasts, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
- 8.5.5 Argentina
- 8.5.5.1 Key Country Dynamics
- 8.5.5.2 Argentina Biofertilizers Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
- 8.5.5.3 Argentina Biofertilizers Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 8.5.5.4 Argentina Biofertilizers Market Estimates and Forecasts, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
- 8.6 Middle East & Africa
- 8.6.1 Middle East & Africa Biofertilizers Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
- 8.6.2 Middle East & Africa Biofertilizers Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 8.6.3 Middle East & Africa Biofertilizers Market Estimates and Forecasts, by Crop Type, 2018 - 2030 (Kilotons) (USD Million)
Chapter 9 Competitive Landscape
- 9.1 Recent Development & Imapct Analysis, By Key Market Participants
- 9.2 Company Categorization
- 9.3 Company Market Positioning, 2022
- 9.4 Company Heat Map Analysis
- 9.5 Strategy Mapping
- 9.6 Company Listing (Business Overview, Financial Performance, Product Benchmarking)
- 9.6.1 CBF China Bio-Fertilizer AG
- 9.6.2 Novozymes A/S
- 9.6.3 AgriLife
- 9.6.4 Mapleton Agri Biotec
- 9.6.5 Biomax
- 9.6.6 Rizobacter Argentina SA
- 9.6.7 Symborg S.L.
- 9.6.8 National Fertilizers Ltd.
- 9.6.9 Antibiotice S.A.
- 9.6.10 Lallemand Inc.
- 9.6.11 Labiofam SA
- 9.6.12 Sigma Agri-Science, LLC
- 9.6.13 Agrinos Inc.
- 9.6.14 Fertilizers USA LLC
- 9.6.15 Kiwa Bio-Tech Products Group Corporation