Description
Global Bio-Fertilizers Market By Type (Nitrogen-fixing, Phosphate-Solubilising and Others); By Application (Soil Treatment and Seed Treatment); By Form (Liquid and Dry); By Crop Type (Fruits & Vegetables, Pulses & Oilseeds and Cereals & Grains); by Region (North America, Asia-pacific, Europe, Latin America and Middle-East and Africa)- Analysis of market share, size & trends for 2016-19 and forecasts to 2030.
Product Overview
Bio-Fertilizer is the organic fertilizer affiliated to the family of agrochemicals, which facilitates the growth of plants by increasing the availability of nutrients to them. When sprinkled on the crops, land or saplings, it increases the fertility of the soil and makes suitable conditions for plants to easily absorb the concentrated nutrients. The Bio-Fertilizers are gaining popularity as they restore the fertility of the soil, does not harm the crops, environment-friendly and obstruct the growth of pathogens. Moreover, the chemicals fertilizers adversely affected the ecosystem propelling the use of organic fertilizers or Bio-Fertilizers.
Market Highlights
Bio-Fertilizers Market is anticipated to exceed USD 3.27 billion by 2030 from USD 1.65 billion in 2019 at a CAGR of 12.94% throughout the forecast period, i.e., 2020-30. The Bio-Fertilizers Market is estimated to grow on the back of following reasons. The major driver of the Bio-Fertilizers Market is the growing concerns regarding the health and the environment. Improving the yield of the soil, food safety, increased supply of nutrients, rising demand for food from growing population, and wide acceptance among peasants are some factors which are anticipated to expand the market for Bio-Fertilizers.
Global Bio-Fertilizers Market: Segments
Nitrogen-fixing Bio-Fertilizers to capture significant market share
Based on the type of Bio-Fertilizers, the market is categorized into nitrogen-fixing Bio-Fertilizers and phosphate-solubilising Bio-Fertilizers. The nitrogen-fixing segment accounted for a major market share in 2019 and is anticipated to grow at a CAGR of XX% during the forecast period. This is so because it raises the productivity of the soil through nitrogen-fixation. It releases a plant enzyme which assists the germination and growth of roots. They can be used in any type of crop.
Global Bio-Fertilizers Market: Market Dynamics
Drivers
Rising demand for organic food is to boost the market for Bio-Fertilizers
Consumers are now demanding more of organic food as they are extremely interested in the food safety issues, the rising level of disposable income, environmental issues, and due to growing concerns about the residue-free food. Also, Bio-Fertilizers have improved the texture of soil, productivity and quality of organic food. Moreover, government initiatives such as providing subsidy to farmers growing organic crops are likely to steer the market growth.
Restraints
Bio-Fertilizers still remain alien to people in developing & underdeveloped economies
Bio-Fertilizer products still remain unpopular amid the people in developing and underdeveloped economies due to lack of awareness which possess a great challenge in front of the Bio-Fertilizers producers. They still rely on synthetic fertilizers which adversely affect the yield and quality of soil but are comparatively cheap. Moreover, the Bio-Fertilizers cannot be stored for a long time & are at a high risk of getting contaminated.
Global Bio-Fertilizers Market: Region
Asia-Pacific to grow at the highest CAGR during the forecast period
Global Bio-Fertilizers Market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa. Geographically, Asia-Pacific is likely to dominate the market owing to increasing concerns towards health, fertility of soil and conserving the biodiversity. Moreover, increasing demand for organic food due to rise in disposable income, stringent government rules and policies regarding the maintenance of the fertility of the soil & reduction of hazardous effects caused by chemical fertilizers, and transition to a more subsistence farming has ignited the growth of Bio-Fertilizers in the region. However, North-America and Europe are expected to contribute significantly in the total organic production, globally.
Key Players
· Rizobacter
o Company overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
· Novozymes A/S
· Lallemand Inc.
· Symborg SL
· AgriLife
· National Fertilizers Limited
· Gizatec
· Kimitec Group
· Mapleton Agri Biotech Ltd.
· Biomax Naturals
Global Bio-Fertilizers Market Report also contains an analysis on:
· Bio-Fertilizers Market by segment:
o By Type
▪ Nitrogen-fixing Bio-Fertilizers
▪ Phosphate-solubilising Bio-Fertilizers
▪ Others
o By Application
▪ Soil Treatment
▪ Seed Treatment
o By Form
▪ Dry
▪ Liquid
o By Crop Type
▪ Fruits & Vegetables
▪ Pulses & Oilseeds
▪ Cereals & Grains
o By Region
▪ North America
▪ Latin America
▪ Europe
▪ Asia-Pacific
▪ Middle east and Africa
· Bio-Fertilizers Market Size
· Bio-Fertilizers Market Dynamics
· Supply and Demand
· Current Issues/trends/challenges
· Competition and Companies Involved in the Market
· Value Chain of the Market
· Market Drivers and Restraints
