The global biofertilizers market is estimated to grow at a CAGR of nearly 11.0% during the forecast period. Rising demand for organic farming and increasing government initiatives for sustainable farming practices are primarily contributing to the growth of the market. Organic farming has been witnessing potential growth across the countries. As per the Eurostat, in the EU, the total area under organic farming is constantly increasing, covering 13.4 million hectares of agricultural land in 2018. EU organic area grew by 70% in the last ten years. In 2018, organic area consists of 7.5% of total EU agricultural land.
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Austria, Estonia, and Sweden have the largest share of the organic area across EU countries. In 2018, the share of the total organic area in the total utilized agricultural area in Austria, Estonia, and Sweden was 24.1%, 20.6%, and 20.3%, respectively. Favorable government initiatives to promote innovation in organic farming has been reported in the region. For instance, the European Commission launched the European innovation partnership for agricultural productivity and sustainability (EIP-AGRI) in 2012. This initiative aims to connect farmers and researchers to accelerate innovation, consist of the focused group which concentrates on novel approaches to organic farming. The rising innovation in organic farming will eventually lead to the development of biofertilizers as it is an essential component of organic farming.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Biofertilizers Market by Type
- Nitrogen Fixing
- Phosphate Solubilizing
- Others
Global Biofertilizers Market by Crop Type
- Cereals and Grains
- Oil Seeds and Pulses
- Fruits and Vegetables
- Others
Global Biofertilizers Market by Application
- Soil Treatment
- Seed Treatment
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Agrinos
- ASB Grünland Helmut Aurenz GmbH
- Australian Bio Fert Pty Ltd.
- Bayer AG
- Biomax Naturals
- Criyagen Agri & Biotech Private Ltd.
- Gujarat State Fertilizers & Chemicals Ltd.
- IPL Biologicals Ltd.
- Kan Biosys Pvt. Ltd.
- Kiwa Bio-Tech Products Group Corp.
- Lallemand Inc.
- Madras Fertilizers Ltd.
- Mapleton Agri Biotec Pty Ltd.
- National Fertilizers Ltd.
- Novozymes A/S
- Rashtriya Chemicals and Fertilizers Ltd.
- Rizobacter Argentina SA
- SOM Phytopharma (India) Ltd.
- Symborg Corporate, SL
- Stanes & Co., Ltd.
- United Phosphorus Ltd.
- Univar Solutions Inc.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global biofertilizers market. Based on the availability of data and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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