Biofertilizers Market by Type (Composting Accelerators, Nitrogen Fixing Biofertilizers, Phosphorus Solubilizing Biofertilizers), Microorganism Type (Algal, Bacterial, Fungal), Form, Crop Type, Application - Global Forecast 2024-2030
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[185 Pages Report] The Biofertilizers Market size was estimated at USD 5.07 billion in 2023 and expected to reach USD 5.60 billion in 2024, at a CAGR 10.73% to reach USD 10.36 billion by 2030.

Biofertilizers contain living microorganisms that significantly promote plant growth, by increasing nutrient supply, root area or root biomass, and nutrient uptake capacity of the plants. Biofertilizers add nutrients to the plants through the natural processes of fixing atmospheric nitrogen, solubilizing phosphorus, and stimulating plant growth by synthesizing growth-promoting substances. Biofertilizers' potential benefits compared to chemical fertilizers and increasing demand from the organic industry accelerate the use of biofertilizers. In addition, a surge in increased fruit output, high-quality fruits, decreased input costs, and increased soil organic content promoting the use of biofertilizers. Furthermore, the lack of infrastructure & need for high initial investment limits the biofertilizers market growth. Biofertilizer products have a limited shelf-life, run an increased risk of contamination, and can be affected by soil temperature, pH, and biofertilizer source and species. Emerging adoption of precision farming, modern agriculture techniques, and investment & implementation of biofertilizers in developing economies create opportunities for the market.

Regional Insights

The increase in the American consumer's adoption of organically grown foods is driving the market for biofertilizers. The government is taking initiatives for farming practices in the American region which bring significant changes in agricultural methods & trends. The European Council finalized a 20% reduction in greenhouse gasses and 20% of energy obtained from renewable sources. This initiative increases the demand for biofertilizers across the European market. Furthermore, the European Commission and the U.S. Environmental Protection Agency made regulations to enhance the production of naturally derived agricultural products to alleviate the growing concerns regarding greenhouse gas emissions. Asia-Pacific countries implemented organic harvesting national standards & regulations and promoted the research, development, and commercialization of biofertilizers and biopesticides. Moreover, the Government of India supports organic farming by providing subsidies for new biofertilizers & biopesticide units. Similarly, China has launched the zero growth on chemical fertilizer and pesticide action plan to reduce the use of synthetic pesticides and fertilizers.

Biofertilizers Market
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Market Dynamics

The market dynamics represent an ever-changing landscape of the Biofertilizers Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Increasing demand of biofertilizers from the organic industry worldwide
    • Growing application attributed to its potential benefits compared to chemical fertilizers
    • Surge in production and yield of crops coupled with environmental concerns
  • Market Restraints
    • Dearth of infrastructure and need for high initial investment
  • Market Opportunities
    • Emerging adoption of precision farming and modern agriculture techniques
    • Robust investments in biofertilizers in developing economies
  • Market Challenges
    • Availability of counterfeit products
Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Biofertilizers Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Biofertilizers Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Biofertilizers Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Biofertilizers Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Biofertilizers Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Biofertilizers Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Biofertilizers Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Biofertilizers Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Biofertilizers Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Biofertilizers Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Biofertilizers Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Biofertilizers Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Evolva and Grace Breeding form partnership for biofertilizer development

    Evolva and Grace Breeding have joined forces to develop innovative biofertilizers for crops, bolstering the ever-growing market for environmentally conscious farming. Biofertilizers are rapidly becoming a popular alternative to traditional chemical fertilizers as they stimulate plant growth and improve soil fertility without the harmful effects often associated with synthetic options. This partnership aims to leverage Evolva's expertise in fermentation and Grace Breeding's plant and microbial sciences capabilities to create sustainable solutions that can enhance crop yields while reducing environmental impacts. As the global demand for sustainable agriculture continues to rise, this partnership has great potential to bring positive change to the industry. [Published On: 2023-03-08]

  • Odisha agri university starts producing biofertilizers

    The Odisha University of Agriculture and Technology has taken a significant step towards sustainable agriculture by producing biofertilizers. These fertilizers are made from natural sources and help maintain soil health and crop productivity and reducing the use of harmful chemical fertilizers. The university has started producing four types of biofertilizers - Rhizobium, Azotobacter, PSB, and VAM- suitable for different crops such as cereals, pulses, oilseeds, and fruit and vegetable crops. With the increasing demand for organic and sustainable farming, producing biofertilizers is a step in the right direction. The Odisha Agriculture University's efforts in producing biofertilizers could inspire other agricultural institutes across India to adopt sustainable farming practices. [Published On: 2023-01-21]

  • TERI and CFCL launch Mycorrhiza Product

    TERI and CFCL have collaborated to launch a new product that aims to revolutionize the field of biofertilizers. This new product is called Mycorrhiza, which contains a fungus that helps plants absorb essential nutrients from the soil. Mycorrhiza is a significant step towards reducing the dependence on chemical fertilizers, promoting sustainable farming practices, and maintaining soil health. This collaboration between TERI and CFCL is a testament to their commitment to promoting sustainable agriculture and environmental stewardship. [Published On: 2022-08-02]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Biofertilizers Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Biofertilizers Market, highlighting leading vendors and their innovative profiles. These include AgriLife, Agrinos AS by American Vanguard Corporation, Andermatt Biocontrol Suisse AG, ASB Grünland Helmut Aurenz GmbH, BASF SE, Bayer AG, Biomaxnaturals, BioWorks, Inc., Bloomfield Agro Products Pvt. Ltd., Bunge Limited, Certis Biologicals by Mitsui & Co., Ltd., Criyagen, EuroChem Agro GmbH, IPL Biologicals Limited, Israel Chemicals Ltd., Jaipur Bio Fertilizers, Kiwa Bio-Tech Products Group Corporation, Lallemand Inc., Manidharma Biotech Private Limited, Mapleton Agri Biotec Pt Ltd, MC Ferticom Co., Ltd., National Fertilizer Limited, Novozymes A/S, Rizobacter Argentina S.A, SEIPASA, S.A., SYMBORG CORPORATE, SL., Syngenta Crop Protection AG, UPL Limited, and Vegalab SA.

Biofertilizers Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

This research report categorizes the Biofertilizers Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Composting Accelerators
    • Nitrogen Fixing Biofertilizers
    • Phosphorus Solubilizing Biofertilizers
    • Potassium Solubilizing Biofertilizers
  • Microorganism Type
    • Algal
      • Azolla
      • Blue Green Algae (BGA)
    • Bacterial
      • Azospirillum
      • Azotobacter
      • Phosphobacteria
      • Rhizobium
    • Fungal
      • Mycorrhiza
  • Form
    • Carrier Enriched Biofertilizers
    • Liquid Biofertilizers
  • Crop Type
    • Fruits & Vegetables
    • Grains & Cereals
    • Plantation Crops
    • Pulses & Oilseeds
  • Application
    • Seed Treatment
    • Soil Treatment

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Biofertilizers Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Biofertilizers Market, by Type
  7. Biofertilizers Market, by Microorganism Type
  8. Biofertilizers Market, by Form
  9. Biofertilizers Market, by Crop Type
  10. Biofertilizers Market, by Application
  11. Americas Biofertilizers Market
  12. Asia-Pacific Biofertilizers Market
  13. Europe, Middle East & Africa Biofertilizers Market
  14. Competitive Landscape
  15. Competitive Portfolio
  16. List of Figures [Total: 26]
  17. List of Tables [Total: 732]
  18. List of Companies Mentioned [Total: 29]
Biofertilizers: The Future of Sustainable Agriculture
June 26, 2023
Biofertilizers: The Future of Sustainable Agriculture
In a world where sustainable practices are becoming more important than ever before, the role of biofertilizers in agriculture cannot be overstated. Biofertilizers are living organisms that enhance plant growth by increasing the availability of essential nutrients in the soil. They are a sustainable alternative to chemical fertilizers that not only improve soil health but also reduce the environmental impact of agriculture. Biofertilizers are becoming increasingly popular due to their proven benefits in enhancing soil fertility and increasing crop yields. This blog discusses the growing application of biofertilizers and their potential benefits compared to chemical fertilizers.

What are Biofertilizers?

Biofertilizers are living microorganisms such as bacteria, fungi, and algae that improve soil health and plant growth. They can fix atmospheric nitrogen, solubilize phosphorus, and mobilize other nutrients that are essential for plant growth. Biofertilizers are cost-effective, easy to apply, and offer a sustainable alternative to chemical fertilizers.

Benefits of Biofertilizers:

Biofertilizers offer several benefits over chemical fertilizers. Firstly, they are environmentally friendly and do not pollute the soil and water sources. Unlike chemical fertilizers, biofertilizers do not leave any harmful residues in the soil that can adversely affect soil health. Secondly, they help in restoring soil fertility by increasing organic matter content, soil structure, and soil microbial population. Additionally, biofertilizers also help in reducing soil erosion and increasing water-holding capacity.

Types of Biofertilizers:

There are several types of biofertilizers available in the market that cater to specific nutrient requirements of crops. Some of the most commonly used biofertilizers are nitrogen-fixing bacteria, phosphate-solubilizing bacteria, and mycorrhizal fungi. Nitrogen-fixing bacteria such as Rhizobium and Azotobacter fix atmospheric nitrogen and convert it into ammonia, which is easily available to plants. Phosphate-solubilizing bacteria, such as Bacillus megaterium, solubilize insoluble phosphate compounds and make them available to plants. Mycorrhizal fungi, such as Glomus intraradices, form symbiotic associations with plant roots and aid in nutrient uptake.

Application of Biofertilizers:

Biofertilizers are applied to the soil by seed treatment, soil application, or foliar spray. Seed treatment involves coating the seeds with biofertilizer, while soil application involves mixing biofertilizer with soil or applying to soil after planting. Foliar spray involves spraying biofertilizer solution on plant leaves. The application of biofertilizers is crop-specific, and the amount and frequency of application depend on the nutrient requirements of the crop.

Limitations of Biofertilizers:

Despite the numerous benefits of biofertilizers, they have some limitations. Biofertilizers have a short shelf life, and their effectiveness may vary depending on environmental conditions such as soil pH, temperature, and moisture content. They may also not be as effective in some soils as they are in others. Additionally, the effect of biofertilizers may take longer to show than that of chemical fertilizers.

Biofertilizers offer a sustainable alternative to chemical fertilizers that not only improve soil health but also reduce the environmental impact of agriculture. The use of biofertilizers is gaining popularity due to their proven benefits in enhancing soil fertility and increasing crop yields. While biofertilizers have some limitations, their advantages far outweigh their disadvantages. Therefore, biofertilizers are the future of sustainable agriculture that can help in achieving the goal of feeding the growing population while conserving natural resources.

Frequently Asked Questions
  1. How big is the Biofertilizers Market?
    Ans. The Global Biofertilizers Market size was estimated at USD 5.07 billion in 2023 and expected to reach USD 5.60 billion in 2024.
  2. What is the Biofertilizers Market growth?
    Ans. The Global Biofertilizers Market to grow USD 10.36 billion by 2030, at a CAGR of 10.73%
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