Biofertilizers Global Market is Projected to Reach $5.5 Billion by 2030: Pressing Need to Improve Sustainability Quotient of Agriculture Fuels Biofertilizer Demand


Dublin, April 26, 2023 (GLOBE NEWSWIRE) -- The "Biofertilizers: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Biofertilizers estimated at US$2.5 Billion in the year 2022, is projected to reach a revised size of US$5.5 Billion by 2030, growing at a CAGR of 10.4% over the analysis period 2022-2030.

Nitrogen Fixing, one of the segments analyzed in the report, is projected to record a 10.7% CAGR and reach US$4.3 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Phosphate Solubilizers segment is readjusted to a revised 9.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $737.5 Million, While China is Forecast to Grow at 9.4% CAGR

The Biofertilizers market in the U.S. is estimated at US$737.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$387.7 Million by the year 2030 trailing a CAGR of 9.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 9.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 11.5% CAGR.

Select Competitors (Total 56 Featured) -

  • Agri Life
  • Agrinos AS
  • Ajay Bio-Tech (India) Ltd.
  • China Bio-Fertilizer Group
  • EuroChem Agro GmbH
  • Gujarat State Fertilizers & Chemicals Limited
  • Kan Biosys Pvt. Ltd.
  • Kiwa Bio-Tech Products Group Corporation
  • Lallemand Inc.
  • Madras Fertilizers Limited
  • Mapleton Agri Biotec Pty Ltd.
  • National Fertilizer Ltd.
  • Rizobacter Argentina S.A.
  • Symborg
  • Syngenta AG

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages425
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$2.5 Billion
Forecasted Market Value (USD) by 2030$5.5 Billion
Compound Annual Growth Rate10.4%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Biofertilizers: A Prelude
  • Product Types of Biofertilizers
  • Nitrogen Fixing Biofertilizer
  • Phosphate Solubilizers
  • Other Product Types
  • Biofertilizers by Crop Type
  • Cereals & Grains
  • Pulses & Oilseeds
  • Fruits & Vegetables
  • Other Crop Types
  • Key Applications of Biofertilizers
  • Seed Treatment
  • Soil Treatment
  • Other Applications
  • An Overview of the Global Biofertilizers Market
  • Growth Drivers
  • Regional Market Analysis
  • Developed Regions Remain Primary Revenue Contributors and Hot Spots for Future Growth
  • World Biofertilizers Market: Percentage Breakdown of Sales for Developed and Developing Regions for the Years 2019 & 2025
  • World Biofertilizers Market: Geographic Regions Ranked by CAGR (Sales) for 2018-2025
  • Rice Farmers in China Embrace Biofertilizers to Improve Crop Quality and Yield: A Case in Point
  • Nitrogen Fixing Biofertilizers: Rising Demand for Improving Soil Fertility to Propel Growth
  • Biofertilizers Facilitating High Yield Production of Cereal and Grain Crops
  • Seed Treatment Constitutes the Largest Application Market
  • Biofertilizers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Pressing Need to Improve Sustainability Quotient of Agriculture Fuels Biofertilizer Demand
  • Harmful Impacts of Using Chemical Fertilizers Propels Growth
  • Rising Focus on Sustainable Agriculture Drives Demand for Biofertilizers
  • Shrinking Arable Land Drives Demand for Biofertilizers
  • Loss of Arable Land Exerts Immense Pressure on Yields Per Acre: Global Availability of Arable Land in Hectares Per Person for the Years 1990, 2000, 2018 and 2020
  • Arable Land Worldwide as a % of Total Land Area for the Years 1990, 2000, 2018 and 2020
  • Emergence of Mega Farms Augments Importance of Biofertilizers
  • Farm Size Distribution Worldwide: Percentage Breakdown of Farm Land by Size and Region
  • Balooning Global Population Drives Need for Food Security Leading to Growing Consumption of Biofertilizers
  • World Population by Geographic Region (2018-2050) (in Thousands)
  • Food Demand Worldwide: Demand Growth in Million Tonnes by Food Type for the Period 2008-2017 and 2018-2027
  • Global Crop Production by Crop Type (in Million Metric Tons): 2017-2020
  • Expanding Urban Population
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 2000, 2020 & 2050
  • Biofertilizers Allow Agriculture Industry to Gear Up and Deal with Future Challenges
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Increasing Organic Farming: A Major Growth Promoting Factor for Biofertilizers
  • Global Organic Agricultural Land in Million Hectares for the Years 2010, 2012, 2014, 2016 and 2018
  • Demand for Biofertilizers for Organic Farming on the Rise in North America and Europe
  • Emerging Opportunities in Organic Farming in Asia-Pacific
  • Biofertlizers Complement Organic Fertilizers in Organic Farming Methods
  • Global Organic Fertilizers Market Revenues in US$ Billion for the Years 2019 and 2025
  • Unprecedented Demand for Organic Food Augments Growth of Biofertilizer Market
  • Global Food & Beverages Market in US$ Trillion for the Years 2018, 2020 & 2022
  • Global Demand for Organic Food Products (in US$ Billion): 2015-2025
  • Abundant Opportunities in Growing Organic Food Market
  • Global Agricultural Land Under Organic Farming (in Hectares and % Share): 2000-2017
  • Global Percentage Distribution of Organic Farmland by Region: 2017
  • Increasing Production of Horticulture Crops Offer Strong Growth Opportunities for Biofertilizers
  • Global Vegetable and Fresh Fruit Production Volume in Million Metric Tons for the Period 2010-2017
  • Global Vegetable Production Share (in %) by Top Vegetables for 2019
  • Biofertilizers Help Improve Production and Yield of Pulse Crops
  • Global Pulses Production Volume in Million Metric Tons for the Period 2010-2017
  • Increasing Use of Soybean as Feed Drives Biofertilizer Consumption
  • Participants Make Concerted Efforts to Improve Shelf-Life of Biofertilizers
  • Potential Challenges Restricting Growth of Biofertilizers Market
  • Factors Impeding Broader Adoption of Biofertilizers

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/g96l76

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Attachment

 
Global Market for Biofertilizers

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