Biofertilizers Market
Biofertilizers Market - Global Industry Assessment & Forecast
Segments Covered
- By Type Nitrogen fixing Microbes, Phosphate solublizing and mobilizing microbes, Potassium solublizing and mobilizing microbes, Other types
- By Application Soil Treatment, Seed Treatment, Other modes of application
- By Crop type Cereals & grains, Pulses & oilseeds, Fruits & vegetables, Other crop types
- By Form Liquid, Carrier-based
- By Region North America, Asia Pacific, Europe, Latin America, Middle East and Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 2649.23 Million |
Revenue 2030: | USD 6017.81 Million |
Revenue CAGR (2023 - 2030): | 10.80% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Biofertilizers Market by Type by Application by Crop type by Form by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
Data Triangulation and Market Size Estimations
FAQ
Frequently Asked Question
What is the global demand for Biofertilizers in terms of revenue?
-
The global Biofertilizers valued at USD 2649.23 Million in 2022 and is expected to reach USD 6017.81 Million in 2030 growing at a CAGR of 10.80%.
Which are the prominent players in the market?
-
The prominent players in the market are Novozymes A/S (Denmark), Vegalab SA (Switzerland), UPL Limited (India), Chr. Hansen Holding A/S (Denmark), Kiwa Bio-Tech (China), Lallemand Inc. (US), Rizobacter Argentina S.A. (Argentina), T. Stanes & Company Limited (India), IPL Biologicals Limited (India), Nutramax Laboratories Inc. (US), Symborg (Spain), Kan Biosys (India), Mapleton Agri Biotech Pty Ltd (Australia), Seipasa (Spain), AgriLife (India), Manidharma Biotech Pvt Ltd (India), Biomax Naturals (India), Jaipur Bio Fertilizers (India), Valent BioSciences (US), Aumgene Biosciences (India), Agrinos (US), Criyagen (India), LKB BioFertilizer (Malaysia), Varsha Bioscience and Technology India Pvt Ltd. (India), and Valagro (Italy)..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 10.80% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Biofertilizers include
- Initiatives by government agencies and increase in awareness pertaining to the need for sustainability in modern agriculture
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Biofertilizers in 2022.