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Global Biofertilizers Market Research Report - Segmentation By Type (Nitrogen fixing, Potassium Mobilizing, Phosphate Stabilizers, Sulphur Solubilizing, and Others), Microorganism (Rhizobium, Potash Mobilizing Bacteria, Azospirillium, and Others), Crop (Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, and Others), Application (Seed Treatment, Soil Treatment, Plant Growth, and Others), and Region – Industry Forecast 2022-2027

Published: January, 2022
ID: 1287
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Biofertilizers Market Size (2022 – 2027)

The Global Biofertilizers Market was worth US$ 1.7 billion in 2021 and is anticipated to reach the valuation of US$ 3.8 billion by 2027 and is estimated to register a CAGR of 12.04% during 2022-2027.

 

Biofertilizers are microorganisms that aid in the promotion of plant and tree growth by boosting the delivery of important plant nutrients. Biofertilizers help to boost the soil's fertility and make it biologically alive. These fertilizers are effective for plant nutrients in soil productivity while being environmentally friendly. Nitrogen-fixing Biofertilizers help to increase crop quality by supplying nitrogen to the roots of plants, which keeps them safe from germs. It also aids in the stability of plant growth-promoting rhizobacteria, which helps to retain the soil's original productivity. Rhizobia is a harmless diazotrophic bacteria that improves the soil's water retention capacity. As a result, rising bio-inoculant consumption is likely to raise market size throughout the forecast period.

Biological fertilizers are becoming more popular as the demand for organic products grows. The market is being positively influenced by increased recognition and acceptance of the product among farmers in both developed and developing economies. The use of organic and sustainable fertilisers is being fueled by increased soil and water pollution caused by the overuse of chemical fertilisers. Furthermore, agricultural producers' active participation in increasing their production of agricultural biologicals, such as bio-origin fertilisers, is expected to drive market growth.

The increasing adoption of the organic farming is the major factor that drives the global Biofertilizers market growth during the forecast period.

MARKET DRIVERS

The rising emphasis on the organic culture is fueling the global Biofertilizers market growth during 2022-2027. Organic farming is one of the most rapidly expanding agricultural practices in the world. In 2019, 72.3 million hectares of agricultural land were under organic agriculture management globally, on the basis of the Research Institute of Organic Agriculture (FiBL). The use of synthetic fertilizers contaminated the soil and killed microorganisms. Organic farming is fast becoming popular as a means of reducing soil degradation. Organic agriculture makes the best use of local resources to promote soil fertility while avoiding agrochemicals, GMOs, and many synthetic food additives. The growing demand for organic food is encouraging farmers to use biological fertilizers that are compatible with organic food production.

The rising support from the government further boosts the global Biofertilizers market growth forward. Concerns about diminishing soil quality as a result of misuse of chemical fertilizers, as well as their possible negative effects on human health, have prompted governments around the world to encourage the use of these fertilizers. Various strategies, schemes, and other initiatives are being implemented by governments in several agri-dominant countries to encourage farmers to use bio-based fertilizers.

MARKET RESTRAINTS

The major restraint for the global Biofertilizers market is the high production cost of the Biofertilizers.  The cost of producing biological and organic fertilizers is higher than that of conventional fertilizers since they require specialized machinery and equipment. This aspect is expected to stifle market expansion in the next years. Furthermore, the short shelf life of some biological fertilizers, as well as their lack of adaptability, are expected to limit Biofertilizers market growth throughout the forecast period.

On the other hand, low shelf life of the bio fertilizers also hinders the market growth. Chemical fertilizers have a longer suffering life than Biofertilizers. Plant nutrient density is lower with Biofertilizers than with chemical fertilizers. These, however, necessitate specialized equipment and cannot be stored for an extended period of time. When compared to other fertilizers, bio inoculants boost crop productive capacity less. The efficiency of a Biofertilizers is determined by soil productivity factors such as moisture content, pH level, and the use of organic fertilizers, which are ineffective for soil treatment. As a result, the short shelf life may limit market expansion.

BIOFERTILIZERS MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

12.4%

Segments Covered

By Type,  Crop Type, Microorganism, Application, Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, RoW

Market Leaders Profiled

BF China Biofertilizers A, Novozymes A/S, AgriLif, Mapleton Agribiote, Biomax, Labiofam S.A, Antibiotice S.A., Symborg S.L., West Bridge Agricultural Products, Nutramax Laboratories Inc.

 

Market Segmentation

Global Biofertilizers Market - By Type:

  • Nitrogen fixing
  • Potassium mobilizing
  • Phosphate stabilizers
  • Sulphur solubilizing
  • Others

Based on type, the nitrogen-fixing type category accounted for the highest proportion of the Biofertilizers market, since nitrogen-fixing maintains soil nitrogen levels and improves plant development. Furthermore, nitrogen-fixing Biofertilizers is widely used in cereals and grains including wheat, rice, and others. Nitrogen fixation fertilizers are plant nutrients like phosphate, zinc, and potassium that have been stabilized. It has the potential to replace 25% to 50% of the chemical nitrogen fertilizer used in plant growth. This is an environmentally friendly liquid fertilizer that can help enhance crop productivity by 10% to 20%. As a result, increasing nitrogen-fixing fertilizer for improved crop productivity in agro fields will have an impact on the Biofertilizers market.

Global Biofertilizers Market - By Microorganism:

  • Rhizobium
  • Potash mobilizing bacteria
  • Azospirillium
  • Others

The Rhizobium section of the Biofertilizers market has the potential to develop in 2020 due to increased demand from the agriculture sector for high-yield crops and seeds. Rhizobia is a diazotrophic bacteria that enhances the quality of agricultural soil and aids plant growth by fixing nitrogen and mobilizing potassium. Rhizobacteria that promote plant growth eliminate bacteria that live near plant roots. Rhizobium is a bacterium that is used to grow legume and non-legume pulses. With legumes and pulses, it fixes 50-100 kg of nitrogen per hectare. These also help to keep the soil's original richness. As a result, the market for Biofertilizers or bio inoculants is likely to rise as rhizobium fertilizers become more popular.

Global Biofertilizers Market - By Crop:

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

Due to rising awareness of health benefits in both developing and developed countries, the cereals and grains category held a substantial proportion of the Biofertilizers market in 2020. Plant growth-promoting rhizobacteria-based Biofertilizers or bio inoculants are employed in an environmentally acceptable way to increase crop production. These agro fertilizers are used to improve crop yield, resulting in increased demand for cereals and grains from the agriculture sector, which is likely to develop during the forecast period.

Global Biofertilizers Market - By Application:

  • Seed treatment
  • Soil treatment
  • Plant growth
  • Others

Due to rising demand for organic farming with natural soil productivity, soil treatment dominated the Biofertilizers market during 2022-2027. Biofertilizers are resistant to seed fungal diseases and the transformation of plant nutrients in the soil, therefore increased use of bio inoculants in agriculture is a long-term solution.

Global Biofertilizers Market – By Region: 

  • North America
  • Europe
  • Asia Pacific
  • Row (Rest of the World)

Due to rising health concerns with organic food crops in American countries such as the United States, Mexico, and Canada, North America dominated the worldwide Biofertilizers market with a share of more than 29.5 percent in 2021.

From 2022-2027, Asia Pacific is predicted to grow at a CAGR of 13.1%. The Asia Pacific region represents a crossroads for the majority of agrarian economies, including India, Thailand, Japan, Malaysia, South Korea, the Philippines, and others, as they transition to more sustainable agriculture.

Europe tends to have the rapid market share for Biofertilizers in the global market. In Europe, the Germany, Spain, and France have the greatest shares, accounting for more than half of the total. Biofertilizers demand has increased as organic and environmentally friendly farming practices have become more popular, particularly in France and Germany.

Impact of COVID-19 on Global Biofertilizers Market:

The worldwide market slowed when the COVID-19 pandemic broke out because to many socio-economic developments that occurred during the pandemic. Manufacturers of bio-fertilizers and a organic fertilizers across many economies are encountering issues, similar to the conventional fertilizer sector, due to irregular raw material availability. Price gouging by some logistics companies as a result of limited transporter availability has surfaced as a major issue at the moment. The apprehensions surrounding the situation point to the likelihood of logistical problems in the coming months, which could stifle demand for bio-based and organic fertilizers.

Key Players

  1. BF China Biofertilizers AG
  2. Novozymes A/S
  3. AgriLife
  4. Mapleton Agribiotec
  5. Biomax
  6. Labiofam S.A.
  7. Antibiotice S.A.
  8. Symborg S.L.
  9. West Bridge Agricultural Products
  10. Nutramax Laboratories Inc.

Recent Developments

  • Novozymes said in June 2019 that it would continue its research and distribution cooperation with Bayer, with the possibility of forming a multi-partnership with UPL and Univar Solutions to market its biological products in order to boost crop yields and promote sustainability.

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FAQ's

What can the size of global Biofertilizers Market growth?

The Global Biofertilizers Market was worth US$ 1.7 billion in 2021 and is anticipated to reach the valuation of US$ 3.8 billion and is anticipated to register a CAGR of 12.04% during 2022-2027.

Which factor is primarily responsible for the global bio fertilizers market growth?

The increasing adoption of the organic farming is the major factor that drives the global Biofertilizers market growth during the forecast period.

Which region has the largest global Biofertilizers Market share?

North America currently holds the highest market share in Global Biofertilizers Market due to the rising health concerns.

Is there an effect on the market because of the Covid?

The market is effected by the corona crisis due to irregular raw material availability.

What can the limiting factor in the global Biofertilizers Market growth?

The major restraint for the global Biofertilizers market is the high production cost of the Biofertilizers.

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