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Biofertilizers Trends and Forecast
The future of the global biofertilizers market looks promising with opportunities in the soil treatment and seed treatment markets. The global biofertilizers market is expected to reach an estimated $6.6 billion by 2030 with a CAGR of 11.8% from 2024 to 2030. The major drivers for this market are growing public awareness of environmental issues, government programs supporting organic farming, the need to use fewer chemical fertilizers, and the necessity for sustainable agricultural techniques.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Biofertilizers by Segment
The study includes a forecast for the global biofertilizers by form, type, application,, and region
Biofertilizers Market by Form [Shipment Analysis by Value from 2018 to 2030]:
• Liquid
• Carrier-based
Biofertilizers Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Cereals & grains
• Pulses & oilseeds
• Fruits & vegetables
• Others
Biofertilizers Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Soil treatment
• Seed treatment
• Others
Biofertilizers Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Biofertilizers Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies biofertilizers companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the biofertilizers companies profiled in this report include-
• Novozymes
• UPL
• Chr. Hansen
• Syngenta
• T.Stanes and Company
• Lallemand, Rizobacter
• Rizobacter
• Vegalab
• Kiwa Bio-Tech
• Symborg
Biofertilizers Market Insights
Lucintel forecast that cereals & grains is expected to witness largest segment over the forecast period because grain and cereals are staple crops that are grown all over the world and account for a sizeable amount of agricultural production, as well as, many crops that are consumed by a big population as their main source of nutrition are wheat, rice, maize, and barley.
Within this market, seed treatment will remain the larger segment over the forecast period because it provides a practical and effective means of incorporating biofertilizers into the farming system, and also the farmers can guarantee that beneficial bacteria or nutrients are given directly to the seeds, improving germination, early growth, and total plant health, by coating the seeds with biofertilizer formulations.
North America is expected to witness highest growth over the forecast period because of growing regional demand for environmentally friendly and sustainable farming methods, as well as, the farmers are becoming more conscious of the harm that chemical fertilizers do to the environment and the health of their soil.
Features of the Global Biofertilizers Market
Market Size Estimates: Biofertilizers market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Biofertilizers market size by form, type, application, and region in terms of value ($B).
Regional Analysis: Biofertilizers market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different form, type, application, and regions for the biofertilizers market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the biofertilizers market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the biofertilizers market size?
Answer: The global biofertilizers market is expected to reach an estimated $6.6 billion by 2030.
Q.2 What is the growth forecast for biofertilizers market?
Answer: The global biofertilizers market is expected to grow with a CAGR of 11.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the biofertilizers market?
Answer: The major drivers for this market are growing public awareness of environmental issues, government programs supporting organic farming, the need to use fewer chemical fertilizers, and the necessity for sustainable agricultural techniques.
Q4. What are the major segments for biofertilizers market?
Answer: The future of the global biofertilizers market looks promising with opportunities in the soil treatment and seed treatment markets.
Q5. Who are the key biofertilizers market companies?
Answer: Some of the key biofertilizers companies are as follows:
• Novozymes
• UPL
• Chr. Hansen
• Syngenta
• T.Stanes and Company
• Lallemand, Rizobacter
• Rizobacter
• Vegalab
• Kiwa Bio-Tech
• Symborg
Q6. Which biofertilizers market segment will be the largest in future?
Answer: Lucintel forecast that cereals & grains is expected to witness largest segment over the forecast period because grain and cereals are staple crops that are grown all over the world and account for a sizeable amount of agricultural production, as well as, many crops that are consumed by a big population as their main source of nutrition are wheat, rice, maize, and barley.
Q7. In biofertilizers market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period because of growing regional demand for environmentally friendly and sustainable farming methods, as well as, the farmers are becoming more conscious of the harm that chemical fertilizers do to the environment and the health of their soil.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the biofertilizers market by form (liquid, and carrier-based), type (cereals & grains, pulses & oilseeds, fruits & vegetables, and others), application (soil treatment, seed treatment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to biofertilizers market or related to biofertilizers companies, biofertilizers market size, biofertilizers market share, logging cable market growth, biofertilizers market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Biofertilizers Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Biofertilizers Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Biofertilizers Market by Form
3.3.1: Liquid
3.3.2: Carrier-based
3.4: Global Biofertilizers Market by Type
3.4.1: Cereals & grains
3.4.2: Pulses & oilseeds
3.4.3: Fruits & vegetables
3.4.4: Others
3.5: Global Biofertilizers Market by Application
3.5.1: Soil treatment
3.5.2: Seed treatment
3.5.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Biofertilizers Market by Region
4.2: North American Biofertilizers Market
4.2.1: North American Biofertilizers Market by Type: Cereals & grains, Pulses & oilseeds, Fruits & vegetables, and Others
4.2.2: North American Biofertilizers Market by Application: Soil treatment, Seed treatment, and Others
4.3: European Biofertilizers Market
4.3.1: European Biofertilizers Market by Type: Cereals & grains, Pulses & oilseeds, Fruits & vegetables, and Others
4.3.2: European Biofertilizers Market by Application: Soil treatment, Seed treatment, and Others
4.4: APAC Biofertilizers Market
4.4.1: APAC Biofertilizers Market by Type: Cereals & grains, Pulses & oilseeds, Fruits & vegetables, and Others
4.4.2: APAC Biofertilizers Market by Application: Soil treatment, Seed treatment, and Others
4.5: ROW Biofertilizers Market
4.5.1: ROW Biofertilizers Market by Type: Cereals & grains, Pulses & oilseeds, Fruits & vegetables, and Others
4.5.2: ROW Biofertilizers Market by Application: Soil treatment, Seed treatment, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Biofertilizers Market by Form
6.1.2: Growth Opportunities for the Global Biofertilizers Market by Type
6.1.3: Growth Opportunities for the Global Biofertilizers Market by Application
6.1.4: Growth Opportunities for the Global Biofertilizers Market by Region
6.2: Emerging Trends in the Global Biofertilizers Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Biofertilizers Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Biofertilizers Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Novozymes
7.2: UPL
7.3: Chr. Hansen
7.4: Syngenta
7.5: T.Stanes and Company
7.6: Lallemand, Rizobacter
7.7: Rizobacter
7.8: Vegalab
7.9: Kiwa Bio-Tech
7.10: Symborg
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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