Biofertilizers Market: Current Analysis and Forecast 2021-2027

Biofertilizers comprises living microbes, which when applied to seed, plant, and soil, stimulate growth by supplying essential nutrients, such as N, P, and other mineral nutrients. The rise in demand for organic products is booming, due to the increase in conscientious consumers, but also due to rising incomes, along with improved farming practices that make organic yields more robust. This resulted in increased adoption of biofertilizers. A total of 71.5 million hectares were organically managed at the end of 2018, representing a growth of 2.9 percent or 2 million hectares compared to 2017. Australia has the largest organic agricultural area (35.7 million hectares), followed by Argentina (3.6 million hectares), and China (3.1 million hectares). Due to the large area of organic farmland in Australia, half of the global organic agricultural land is in Oceania (36.0 million hectares). Europe has the second largest area (15.6 million hectares), followed by Latin America (8 million hectares). The organic area increased in all continents compared to 2017.
Globally, 1.5 percent of farmland is organic. However, many countries have far higher shares. As per IFOAM survey 2020, the countries with the largest organic share of their total farmland are Liechtenstein (38.5%), Samoa (34.5%), and Austria (24.7%). In sixteen countries, 10% or more of all agricultural land is organic.
Furthermore, factors such as increased population has increased the need for organic food this has resulted in increased demand for biofertilizers, globally. In 2021, the global population is around 7 billion people, half of the global population is living in Asia, while one quarter of the global population resides in Africa. Moreover, the consumption of biofertilizers for agriculture use has significantly increased in Asia-Pacific region. As per Food and Agriculture Organization of the United Nations, in 2019, Asia used 6,258,499 tonnes of nitrogen nutrient and 24,051,102.26 tonnes of nutrient phosphate.
Novozyme, National Fertilizers Limited, Agrinos AS, Camson Bio Technologies Limited, Kiwa Bio-Tech Products group Corporation, Lallemand Inc, Rizobacter Argentina S.A., Monsanto BioAg, Mapleton Agribiotech, and Valent BioSciences are some of the prominent players operating in the global Biofertilizers market. Several M&A's along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented in the Report
"Amongst product, nitrogen fixing biofertilizers segment holds the major share"
Based on product, the global Biofertilizers market is bifurcated into nitrogen fixing biofertilizers, phosphorus biofertilizers, compost biofertilizers, and liquid biofertilizers. The nitrogen fixing biofertilizers segment dominated the market with a share of XX% in 2020 and is expected to maintain its dominance during the forecast period as nutrient nitrogen is required in all agricultural field worldwide. For instance, as per Food and Agriculture Organization of the United Nations Netherlands used 304.25 kg/ha of average nutrient nitrogen from 1961 to 2019.
"Amongst microorganisms, cyanobacter is anticipated to grow at the highest CAGR during the analyzed period"
Further based on microorganisms, the market is fragmented into rhizobium, azotobacter, azospirillum, cyanobacter, mycorrhiza, phosphate solubilizing bacteria, and other microorganisms. In 2020, cyanobacter accounted for a maximum market revenue share of XX% and is expected to remain dominant during the analyzed period owing to its varied application. Cyanobacter-based biofertilizers offer reduced input cost, increase the bioavailability of phosphorus, and help in nutrient cycling as well as nitrogen fixation.
"Amongst crop, cereals & grains segment is anticipated to grow at the highest CAGR during the analyzed period"
Based on crop, the market is fragmented into fruits & vegetables, pulses & oilseed, and cereals & grains. In 2020, cereals & grains accounted for a maximum market revenue share of XX% and is expected to remain dominant during the analyzed period as the cereal and grains cultivation provides high vegetation growth, and high photosynthesis activity. However, pulses and oil seeds are expected to experience fastest growth during the forecast period owing to the growing demand for soybean, sunflower, and groundnuts.
"Amongst application, seed treatment segment is anticipated to grow at the highest CAGR during the analyzed period"
Based on application, the market is fragmented into seed treatment, soil treatment, and others. In 2020, seed treatment accounted for a maximum market revenue share of XX% and is expected to remain dominant during the analyzed period owing to the benefits of induced nutritional values in the seeds.
"North America signifies one of the largest markets of Biofertilizers Market"
For a better understanding of the market dynamics of the Biofertilizers market, a detailed analysis was conducted for different regions across the globe including North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of USD XX billion in 2020 owing to the increased area of agricultural lands has also been boosting the demand for biofertilizers in the region. For instance, as per Knoema, the area of agricultural land increased from 4,030,811 million sq. km in 2012 to 4,058,104 million sq. km in 2018.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
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Biofertilizers comprises living microbes, which when applied to seed, plant, and soil, stimulate growth by supplying essential nutrients, such as N, P, and other mineral nutrients. The rise in demand for organic products is booming, due to the increase in conscientious consumers, but also due to rising incomes, along with improved farming practices that make organic yields more robust. A total of 71.5 million hectares were organically managed at the end of 2018, representing a growth of 2.9 percent or 2 million hectares compared to 2017. Australia has the largest organic agricultural area (35.7 million hectares), followed by Argentina (3.6 million hectares), and China (3.1 million hectares). Due to the large area of organic farmland in Australia, half of the global organic agricultural land is in Oceania (36.0 million hectares). Europe has the second largest area (15.6 million hectares), followed by Latin America (8 million hectares). The organic area increased in all continents compared to 2017.
Globally, 1.5 percent of farmland is organic. However, many countries have far higher shares. As per IFOAM survey 2020, he countries with the largest organic share of their total farmland are Liechtenstein (38.5%), Samoa (34.5%), and Austria (24.7%). In sixteen countries, 10% or more of all agricultural land is organic
Based on product, the global Biofertilizers market is segmented into nitrogen fixing biofertilizers, phosphorus biofertilizers, compost biofertilizers, and liquid biofertilizers. Currently, nitrogen fixing biofertilizers segment dominated the market and is expected to maintain its dominance during the forecast period owing to the improvement of highly contaminated soil and water reserves due to use of synthetic fertilizers
Based on microorganisms, the market is divided into rhizobium, azotobacter, azospirillum, cyanobacter, mycorrhiza, phosphate solubilizing bacteria, and other microorganisms. Cyanobacter-based biofertilizers dominated the market in 2020 owing to reduced input cost and increase the bioavailability of phosphorus
Based on crop, the market is segmented into fruits & vegetables, pulses & oilseed, and cereals & grains. Currently cereals & grains dominates the market and is expected to maintain its dominance during the analyzed period as the cereal and grains cultivation provides high vegetation growth, and high photosynthesis activity. However, pulses and oil seeds are expected to experience fastest growth during the forecast period owing to the Growing demand for soybean, sunflower, and groundnuts
Based on application, the market is divided into seed treatment, soil treatment, and others. Seed treatment segment dominated the market in 2020 owing to the benefits of induced nutritional values in the seeds
For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for Biofertilizers on account of increasing government interventions in farming practices
Some of the major players operating in the market includes Novozyme, National Fertilizers Limited, Agrinos AS, Camson Bio Technologies Limited, Kiwa Bio-Tech Products group Corporation, Lallemand Inc, Rizobacter Argentina S.A., Monsanto BioAg, Mapleton Agribiotech, Valent BioSciences; etc.