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Global Bio Organic Fertilizer Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Type (Nitrogen Fixing Bio-Fertilizers, Phosphate Solubilizing Bio-Fertilizers, Potash Mobilizing Bio-Fertilizers and Others), Application (Fruits And Vegetables, Plantations, Cereals, Pulses And Oilseeds, Others) and Region (Latin America, Europe, North America, Asia Pacific, and the Middle East & Africa) - Industry Analysis from 2023 to 2028

Published: March, 2023
ID: 6420
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Bio Organic Fertilizer Market (2023 to 2028)

The global bio-organic fertilizer market is expected to be valued at USD 2.96 billion In 2023 and it is estimated to reach a valuation of USD 4.70 billion by 2028, growing at a compound annual growth rate of (CAGR) 9.7% during the forecast period.

Bio-organic 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. An 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.

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 a lack of awareness and a lower adoption rate by farmers.

The shortage of fertilizers in regions like Latin America and Africa, the formulation of favorable government policies, and countries having an agriculture-dominant economy would provide growth opportunities for this market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 to 2028

Base Year

2022

Forecast Period

2023 to 2028

CAGR

9.7%

Segments Covered

By Type, Application, and Region.

Various Analyses Covered

Global, Regional, and country-level analysis; Segment-Level Analysis; DROC, PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Gujarat State Fertilizers & Chemicals (GSFC), Lallemand, Novozymes, Symborg, Biomax, Agri Life, Ajay Bio-Tech Ltd and Antibiotice S.A and Others.

 

This research report on the global biofertilizer market is segmented and sub-segmented into the following categories.

Global Bio Organic Fertilizer Market – By Type:

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

Global Bio Organic Fertilizer Market – By Application:

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

Global Bio Organic Fertilizer Market – By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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

KEY MARKET 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.

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FAQ's

what is the current market size of the global bio-organic fertilizer market?

The global bio-organic fertilizer market is expected to be valued at USD 2.96 billion In 2023.

what are the growth factors of bio-organic fertilizer market?

The growth of the plant by increasing the supply of nutrients to it. Increase in the use of bio-fertilizers.

which is the leading region in bio-organic fertilizer market?

Asia Pacific is the largest market share and also the leading region in the bio-organic fertilizer market.

who are the key market players involved in this market?

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.

How are traditional farming practices impacting the demand for global bio-organic fertilizers in Asia-Pacific?

The shift from traditional to modern farming practices in Asia-Pacific has increased the demand for bio-organic fertilizers as farmers seek sustainable and organic alternatives.

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