Asia-Pacific Biofertilizers Market

Asia-Pacific Biofertilizers Market Size (2024 to 2032)

The Asia-Pacific biofertilizers market was valued at USD 0.76 billion in 2023 and is anticipated to reach USD 0.87 billion in 2024 from USD 2.55 billion by 2032, growing at a CAGR of 14.4% from 2024 to 2032.

The Asia-Pacific market is likely to register the highest growth due to the noteworthy increase in farmers' awareness of the benefits of biofertilizers. Biofertilizers are defined as preparations comprising living cells or hidden cells of effective strains of microorganisms that help crop plants uptake nutrients. The use of biofertilizers is one of the essential components of combined nutrient management, as they are cost-effective and renewable sources of plant nutrients that enhance chemical fertilizers for sustainable agriculture.

Significant R&D efforts have been started in the last few years, along with raising farmers' awareness; these are the major factors driving the growth of this market. The high growth prospects in developing markets and available regions offer new growth opportunities for the players in the Biofertilizers market. Low adoption of these fertilizers is majorly hampering the growth of the market.

This research report on the Asia Pacific biofertilizers market is segmented and sub-segmented into the following categories.

APAC Biofertilizers Market Analysis By Type

• Nitrogen Fixing
• Phosphate Solubilizing and Potash Mobilizing

APAC Biofertilizers Market Analysis By Crop Type

• Cereals & Grains
• Pulses & Oilseeds and Fruits & Vegetables

APAC Biofertilizers Market Analysis By Microorganism

• Azotobacter
• Azospirillium
• Rhizobium
• Phosphate Solubilizing Bacteria and Cyanobacteria

APAC Biofertilizers Market Analysis By Mode of Application

• Seed Treatment
• Soil Treatment

APAC Biofertilizers Market Analysis By Form

• Pure & Mixed Liquid Fermentations
• Dispersible Granules and Pellets

Nitrogen-fixing bio-fertilizer is the leading segment of the market which is fuelled by the increasing acceptance and demand of these fertilizers and is expected to expand enormously.

COUNTRY ANALYSIS

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

India is anticipated to witness the highest growth in the forecast period due to increasing awareness among farmers for the benefits of Biofertilizers.

KEY MARKET PLAYERS

The value chain includes producers in the Biofertilizers market and they are Lallemand Inc., Camson Bio Technologies Limited (India), Rizobacter Argentina S.A., Novozymes A/S, Camson Bio Technologies Limited (India) and Nutramax Laboratories Inc., Symborg S.L., Mapleton Agri Biotech Private Ltd and AgriLife.