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Biofertilisers Market Report and Forecast 2024-2032

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    Report

  • 175 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921634
According to the report, the global biofertilisers market is projected to grow at a CAGR of 12.7% between 2024 and 2032 reaching a value of approximate USD 8.35 billion by 2032. Aided by the escalating shift towards sustainable agriculture and the intensified emphasis on soil health, the market is expected to grow significantly by 2032.

Biofertilisers, living microbial formulations, play a pivotal role in promoting plant growth by enhancing the nutrient availability in the soil. They are crucial components in organic farming, assisting in soil fertility, and offering an environmentally friendly alternative to chemical fertilisers. Prominent biofertilisers include Rhizobium, Azospirillum, and Phosphate Solubilising Bacteria, each contributing to the soil's nitrogen or phosphorus content.

The surging demand for organic food products, underlined by increasing consumer awareness about health and environment, is a significant driver propelling the biofertilisers market growth. As the detrimental effects of synthetic fertilisers on both soil health and human health become more apparent, there is a marked shift towards organic and sustainable farming practices, where biofertilisers play an indispensable role.

Additionally, the global emphasis on sustainable agricultural practices has been accentuated by the pressing challenge of soil degradation. Biofertilisers, with their ability to restore soil health and enhance its nutrient content, have become the focal point in strategies aimed at combatting soil erosion and degradation. Their role in nitrogen fixation and phosphorus solubilisation aids in reducing the excessive use of chemical fertilisers, thereby mitigating the adverse environmental impacts.

The diverse applications of biofertilisers extend beyond just agricultural fields. They find prominence in horticulture, aiding the growth of ornamental plants and trees. In forestry, they assist in the natural regeneration of forests and in the establishment of green cover in degraded lands.

The pharmaceutical industry is also taking keen interest in biofertilisers, researching their potential health benefits. Certain strains of beneficial bacteria found in biofertilisers are being explored for their probiotic attributes, potentially opening new avenues for biofertilisers market development.

Furthermore, the challenge of feeding a burgeoning global population underscores the necessity for high-yield crops. Biofertilisers, by ensuring a nutrient-rich soil ecosystem, play a crucial role in enhancing crop yield and quality, making them essential in the global strategy for food security.

The recent surge in technological advancements in the agriculture sector has further impacted the biofertilisers market outlook. Precision farming, bolstered by IoT and AI, is optimising the use of biofertilisers, ensuring they are utilised efficiently and effectively. Research in microbial genetics is leading to the development of customised biofertilisers tailored for specific soil types and crops, promising a revolution in the sector.

Market Segmentation

The market can be divided based on type, crop, microorganism, mode of application, and region.

Market Breakup by Type

  • Nitrogen-Fixing Biofertilisers
  • Phosphate-Fixing Biofertilisers
  • Others

Market Breakup by Crop

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

Market Breakup by Microorganism

  • Cyanobacter
  • Rhizobium
  • Phosphate Solubilising Bacteria
  • Azotobacter
  • Others

Market Breakup by Mode of Application

  • Seed Treatment
  • Soil Treatment
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global biofertilisers market. Some of the major players explored in the report are as follows:
  • Novozymes A/S
  • National Fertilizers Limited
  • Rizobacter Argentina S.A.
  • Gujarat State Fertilizers & Chemicals Ltd.
  • Lallemand Inc.
  • Madras Fertilizers Limited
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Biofertilisers Market Analysis
8.1 Key Industry Highlights
8.2 Global Biofertilisers Historical Market (2018-2023)
8.3 Global Biofertilisers Market Forecast (2024-2032)
8.4 Global Biofertilisers Market by Type
8.4.1 Nitrogen-Fixing Biofertilisers
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Phosphate-Fixing Biofertilisers
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Biofertilisers Market by Crop
8.5.1 Cereals and Grains
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Pulses and Oilseeds
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Fruits and Vegetables
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Biofertilisers Market by Microorganism
8.6.1 Cyanobacter
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Rhizobium
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Phosphate Solubilizing Bacteria
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Azotobacter
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Biofertilisers Market by Mode of Application
8.7.1 Seed Treatment
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Soil Treatment
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Others
8.8 Global Biofertilisers Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
13 Manufacturing Process
13.1 Overview
13.2 Detailed Process Flow
13.3 Operations Involved
14. Project Requirements and Cost Analysis
14.1. Land, Location and Site Development
14.2. Construction
14.3. Plant Machinery
14.4. Cost of Raw Material
15.5. Packaging
16.6. Transportation
17.7. Utilities
18.8. Manpower
19.9. Other Capital Investment
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
13.2.1 Novozymes A/S
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 National Fertilizers Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Rizobacter Argentina S.A.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Gujarat State Fertilizers & Chemicals Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Lallemand Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Madras Fertilizers Limited
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Industry Events and Developments
List of Key Figures and Tables
1. Global Biofertilisers Market: Key Industry Highlights, 2018 and 2032
2. Global Biofertilisers Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Biofertilisers Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Biofertilisers Historical Market: Breakup by Crop (USD Billion), 2018-2023
5. Global Biofertilisers Market Forecast: Breakup by Crop (USD Billion), 2024-2032
6. Global Biofertilisers Historical Market: Breakup by Microorganism (USD Billion), 2018-2023
7. Global Biofertilisers Market Forecast: Breakup by Microorganism (USD Billion), 2024-2032
8. Global Biofertilisers Historical Market: Breakup by Mode of Application (USD Billion), 2018-2023
9. Global Biofertilisers Market Forecast: Breakup by Mode of Application (USD Billion), 2024-2032
10. Global Biofertilisers Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Biofertilisers Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Biofertilisers Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Biofertilisers Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Biofertilisers Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Biofertilisers Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Biofertilisers Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Biofertilisers Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Biofertilisers Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Biofertilisers Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Biofertilisers Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Biofertilisers Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Biofertilisers Market Structure

Companies Mentioned

  • Novozymes A/S
  • National Fertilizers Limited
  • Rizobacter Argentina S.A.
  • Gujarat State Fertilizers & Chemicals Ltd.
  • Lallemand Inc.
  • Madras Fertilizers Limited

Methodology

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