Biofertilizers Market by Type (Nitrogen-Fixing, Phosphate-Solubilizing, Potash-Mobilizing), Microorganism (Rhizobium, Azotobacter, Azospirillium, Cyanobacteria, P-Solubilizer), Mode of Application, Crop Type, Form, and Region - Global Forecast to 2022

Published: October 2016
No. of Pages: 178
    ReportsandReports

"Biofertilizers market projected to grow at a CAGR of 14.08% during the forecast period”

The biofertilizers market is projected to grow at a CAGR of 14.08% from 2016,to reach USD 2,305.5 million by 2022. The market is driven by factors such as increase in demand for fertilizers due to the rise in global food production and development in biofertilizer manufacturing technologies. The high growth potential in emerging markets and untapped regions provide new growth opportunities for the players in the biofertilizers market. Some factors restraining the biofertilizers market are lack of awareness and low adoption of biofertilizers coupled with poor infrastructure.

“Nitrogen-fixing segment to dominate the biofertilizers market”

Nitrogen-fixing biofertilizers are used for leguminous as well as for non-leguminous crops. They are used to grow other crops as well, especially, rice and sugarcane. The nitrogen-fixing segment growth is attributed to the fact that nitrogen-fixing biofertilizers are the most commonly used biofertilizers, across the globe. Substantial R&D efforts have been carried out in the last couple of decades, along with increasing awareness of the farmers; these are the major reasons driving the growth of this market.

”Fruits & vegetables segment is projected to be the fastest growing segment during the forecast period”

On the basis of crop type, the biofertilizers market has been segmented into cereals & grains, pulses & oilseeds, fruits & vegetables, and others, which include turf & ornamentals, plantation crops, fiber crops, and silage & forage crops. The fruits & vegetables segment is projected to grow with the highest CAGR from 2016 to 2022. The growth in demand and consumption of fruits & vegetables, across the globe, has driven the consumption of biofertilizers used to cultivate them.

“Asia-Pacific region to account for maximum shares of the global biofertilizers market”

On the basis of region, the biofertilizers market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Rest of the World, which includes the Middle Eastern and African countries. The Asia-Pacific region dominated the global biofertilizers market in 2015, and this trend is projected to continue till 2022. The main factors driving the biofertilizers market in this region are advancement in biofertilizer production technologies, increased demand for fertilizers, and presence of biofertilizer manufacturing units in this region.

Break-up of primaries include the following:

  • By Company Type: Tier 1 – 55%, Tier 2 – 20%, and Tier 3 – 25%
  • By Designation: C level – 56%, Director level – 24%, and Others – 20%
  • By Region: North America - 25%, Europe – 18%, Asia-Pacific – 36%, and RoW – 21%

Major players include the following:

  • Novozymes A/S (Denmark)
  • National Fertilizers Limited (India)
  • Madras Fertilizers Limited (India)
  • Gujarat State Fertilizers & Chemicals Ltd. (India)
  • Rizobacter Argentina S.A. (Argentina)

Other players that have a strong presence in this market, include the following:

  • T. Stanes & Company Limited (India)
  • Camson Bio Technologies Limited (India)
  • Rashtriya Chemicals & Fertilizers Ltd. (India)
  • Lallemand Inc. (Canada)
  • Nutramax Laboratories Inc.(U.S.)

The biofertilizers market, on the basis of microorganism, has been segmented into rhizobium, azotobacter, azospirillium, cyanobacteria, phosphate-solubilizing bacteria, and others, which include nostoc, anabaena, tolypothrix, aulosira, and azolla. The cyanobacteria segment dominated the market in 2015, and is projected to grow at the highest CAGR during the forecast period.In this report, the biofertilizers market, on the basis of type, has been segmented into nitrogen-fixing, phosphate-solubilizing, potash-solubilizing, and others,which include zinc-, boron-, and sulfur-solubilizing biofertilizers. The nitrogen-fixing segment accounted for the largest share in the global biofertilizers market in 2015 and is projected to follow the same trend for the next six years. By crop type, the cereals & grains segment accounted for the largest share in 2015 and the fruits & vegetables segment is projected to be the fastest-growing for biofertilizers, in 2015. The market for biofertilizers has been segmented on the basis of microorganisms, under which the cyanobacteria segment accounted for the largest share in 2015. The phosphate-solubilizing bacteria segment is projected to be the fastest-growing between 2016 and 2022.

Reasons to buy this report:

  • To get a comprehensive overview of the global biofertilizers market
  • To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted
  • To gain insights into the major countries/regions in which the global biofertilizers market is flourishing

Published By: MarketsandMarkets
Product Code: MarketsandMarkets1294


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

  • Global Hot Dip Galvanized Pipe Market Research Report 2017

    In This report, the global Hot Dip Galvanized Pipe market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into...

  • Global Screen Printing Glass Market Research Report 2017

    Notes: Production, means the output of Screen Printing Glass Revenue, means the sales value of Screen Printing Glass This report studies Screen Printing Glass in Global market, especially in North America, Europe, China, Japan, Southeast Asia an...

  • Global Penetrating Oil Market Research Report 2017

    Notes: Production, means the output of Penetrating Oil Revenue, means the sales value of Penetrating Oil This report studies Penetrating Oil in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses o...

  • Global Optical Clear Adhesive Market Research Report 2017

    Notes: Production, means the output of Optical Clear Adhesive Revenue, means the sales value of Optical Clear Adhesive This report studies Optical Clear Adhesive in Global market, especially in North America, Europe, China, Japan, Southeast Asia...

  • Global Lubricating Paste Market Research Report 2017

    Notes: Production, means the output of Lubricating Paste Revenue, means the sales value of Lubricating Paste This report studies Lubricating Paste in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, foc...

  • Global Automatic Lubricators Oiler Market Research Report 2017

    Notes: Production, means the output of Automatic Lubricators Oiler Revenue, means the sales value of Automatic Lubricators Oiler This report studies Automatic Lubricators Oiler in Global market, especially in North America, Europe, China, Japan,...

  • Global Waterstop Market Research Report 2017

    In This report, the global Waterstop market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key R...

  • Global Viscosity Reducing Agents Market Research Report 2017

    In This report, the global Viscosity Reducing Agents market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented in...

  • Global Transportation Predictive Analytics and Simulation Market Research Report 2017

    In This report, the global Transportation Predictive Analytics and Simulation market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, th...

  • Global Surface Treatment Chemical Market Research Report 2017

    In This report, the global Surface Treatment Chemical market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented i...


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: