Biofertilizer Market Size, Growth, Scope, Structure, Opportunity and Forecast 2021-2026 – Stillwater Current – Stillwater Current

biofertilizer-market-size,-growth,-scope,-structure,-opportunity-and-forecast-2021-2026-–-stillwater-current-–-stillwater-current

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According to IMARC Group’s latest report, titled “Biofertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global biofertilizer market reached a value of US$ 2.3 Billion in 2020. Biofertilizers are organic substances made from biological waste containing living microorganisms that aid in decomposing organic matter. They help in enriching the nutrient quality and soil fertility and also assist in soil mineralization by breaking down complex minerals for easy absorption by plants. Biofertilizers also aid in fixing atmospheric nitrogen in the root nodules of legume crops, etc. Consequently, they are widely utilized to promote plant health and significantly improve the yield. Moreover, biofertilizers are also employed in the agriculture sector to prevent the growth of pathogens, thereby preventing crop diseases.
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The growing awareness regarding the environmental hazards caused by the usage of synthetic agrichemicals, such as soil pollution and contamination of the food chain, is among the primary factors driving the biofertilizers market. Additionally, the changing lifestyle preferences and the inflating per capita incomes of consumers, especially those in rural areas, are further bolstering the market growth. Besides this, the increasing health concerns are encouraging the consumption of organic fruits and vegetables grown without synthetic chemicals, which is acting as a significant growth-inducing factor for bio-based agrichemical products, such as biofertilizers. Furthermore, the implementation of favorable regulatory policies by government bodies across the globe, including financial incentives for organic farming and educating farmers regarding the benefits of sustainable farming practices, is projected to catalyze the biofertilizers market over the forecasted period. Looking forward, IMARC Group expects the market to grow at a CAGR of around 18% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:

Novozymes A/S
National Fertilizers Limited
Madras Fertilizers Limited
Gujarat State Fertilizers & Chemicals Ltd.
Rizobacter Argentina S.A.
Stanes & Company Limited
Camson Bio Technologies Limited
Rashtriya Chemicals & Fertilizers Ltd.
Lallemand Inc.
Nutramax Laboratories, Inc.

Market Segmentation:
Breakup by Type:

Nitrogen-fixing biofertilizers
Phosphate-fixing biofertilizers
Others

Breakup by Crop:

Cereals and grains
Pulses and oilseeds
Fruits and vegetables
Others

Breakup by Microorganism:

Cyanobacter
Rhizobium
Phosphate Solubilizing Bacteria
Azotobacter
Others

Breakup by Mode of Application:

Seed treatment
Soil treatment
Others

Regional Insights:

Asia Pacific
North America
Europe
Others

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We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:                                                    

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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