Asia Pacific Bio Organic Fertilizer Market

Asia Pacific Bio Organic Fertilizer Market Size, Growth, Trends and Forecast:

Asia Pacific Bio Organic Fertilizer market is anticipated to grow at xx% CAGR from 2022 - 2027 and it is estimated that the Asia Pacific market was valued at USD xx billion in 2021 and is expected to reach USD xx billion by 2026.

Bioorganic fertilizer is a substance that consists of living microorganisms, which help in the growth of the plant by increasing the supply of nutrients to it. Increase in the use of bio-fertilizers is expected to reduce the demand for chemical fertilizers and pesticides as they hamper the health of the soil.

Drivers and Restraints of Asia Pacific Bio Organic Fertilizer Market:

Factors such as rising environmental awareness, enhancing soil fertility and increasing demand for organic food are key driving factors for the market. Factors restraining the growth of the bio-fertilizer market are lack of awareness and lower adoption rate by farmers. The Shortage of fertilizers in regions like Latin America and Africa, formulation of favorable government policies and countries having agriculture dominant economy would provide growth opportunities for this market.

Asia Pacific Bio Organic Fertilizer Market Segmentation:

Asia Pacific Bio Organic Fertilizer Market – By Type:

• Nitrogen Fixing Bio-Fertilizers

• Phosphate Solubilizing Bio-Fertilizers
• Potash Mobilizing Bio-Fertilizers
• Others

Nitrogen-fixing bio-fertilizer is one of the prominent substitutes for commercial nitrogen fertilizers. The market scope for this bio-fertilizer is vast, as it is majorly used as nitrogen source for rice. Rice is an essential crop in many countries, namely India, China, Indonesia, and Brazil, Japan and others, thus enhancing the market for the nitrogen-fixing fertilizers.

Asia Pacific Bio Organic Fertilizer Market – By Application:

• Fruits and Vegetables
• Plantations
• Cereals
• Pulses and Oilseeds
• Others

Among these, fruits and vegetables are the most produced crop as they are majorly consumed as meals. As food is the primary need of human being, production of fruits and vegetables is going to be most prominent, thus enhancing the scope for bio-fertilizers.

Geographical Analysis

On the basis of geography, the market is segmented into various regions namely

• India
• China
• Japan
• Australia
• South Korea

Asia Pacific accounted for the largest share of the market followed by North America. Asia Pacific is the expected to witness the highest growth in the coming years due to the presence of countries such as India and China have a large population, vast landscape, and booming economies.

Key Players:

Some of the key players dominating the market are Gujarat State Fertilizers & Chemicals (GSFC), Lallemand, Novozymes, Symborg, Biomax, Agri Life, Ajay Bio-Tech Ltd and Antibiotice S.A.