Biofertilizers Market by Form (Liquid, Carrier-Based), Mode of Application (Soil Treatment, Seed Treatment), Type (Nitrogen-fixing, Phosphate solubilizing & Mobilizing, Potash Solubilizing & Mobilizing), Crop Type, and Region - Global Forecast to 2026

Northbrook, IL 60062 -- (SBWire) -- 06/24/2022 --The global biofertilizers market size was valued at USD 2.6 billion in 2021 and is expected to reach USD 4.5 billion by 2026, growing at a CAGR of 11.9% in terms of value during the forecast period. Factors such as adoption of precision farming and protected agriculture along with increase in the environmental concerns are some of the factors driving the growth of the biofertilizers market.

Download PDF Brochure

The nitrogen-fixing microbes segment of the biofertilizers market is projected to have highest CAGR during the forecast period, by type

By type, the nitrogen-fixing microbes segment is projected to have highest CAGR during the forecast period in the market. Biofertilizers are viable cells, containing effective strains of specific nitrogen-fixing bacteria, which can be either used in carrier-based powder forms or liquid formulations in farming. Nitrogen is used by the plant to synthesize vitamins, amino acids, nucleic acids, and other nitrogenous compounds. Nitrogen-fixing biofertilizers include Rhizobium, Actinobacteria, Azotobacter, and Azospirillum; they help in transforming nitrogen into organic compounds. Few strains of Azotobacter have the potential to colonize the roots of crops such as sugarcane, coffee, cotton, wheat, rice, and vegetables. Biofertilizers are preparations containing active strains of specific microorganisms, such as bacteria, algae, and fungi, which are known to be the best symbiotic nitrogen fixers.

The market for liquid segment is projected to account for the largest share during the forecast period

By form, the liquid segment accounted for the highest share in the biofertilizers market. Liquid biofertilizer technology is considered as an alternative solution to the conventional form of carrier-based biofertilizers. Liquid biofertilizers are specially formulated and contain not only the desired microorganisms and their nutrients, but also substances that can support the stability of the storage conditions of resting spores and cysts for longer shelf-life. Liquid fertilizers have better tolerance limits for adverse conditions. The quality control protocols for liquid biofertilizers are easy and expeditious compared to carrier-based biofertilizers. Liquid fertilizers have significantly higher survival rates after storing for a longer time as compared to other formulations and treatments. They do not get contaminated and have greater immunity against native soil microbial population.

Seed treatment by mode of application drives the market during the forecast period

By mode of application, the seed treatment segment is projected to have the highest CAGR during the forecast period. In seed treatment, biofertilizers such as Rhizobium, Azotobacter, and Azospirillum. are applied as coatings on seeds. This is the most common method of applying biofertilizers, as it is easy and generally effective under most conditions. This helps to encapsulate small amounts of functional microorganisms on it, which enables the plant to provide nitrogen for the roots, to uptake the nutrients. Seed treatment is extensively carried out for legume seeds for the purpose of nitrogen fixation.

North America is the fastest-growing market during the forecast period in the global market

The North American market is projected to dominate the market due to the rising demand for organic products, increasing acceptance of biofertilizers among rural farmers, and high adoption of advanced irrigation systems such as drip & sprinkler irrigation for fertigation. A stringent regulatory environment in addition to a growing preference for the usage of biofertilizer products has led to the favorable growth of the market. Industrialization, mining, and urbanization have led to a decrease in arable land in North America.

Make an Inquiry

Key players in this market include Novozymes A/S (Denmark), Vegalab SA (Switzerland), UPL Limited (India), Chr. Hansen Holding A/S (Denmark), Kiwa Bio-Tech (China), Lallemand Inc. (US), Rizobacter Argentina S.A. (Argentina), T. Stanes & Company Limited (India), IPL Biologicals Limited (India), Nutramax Laboratories Inc. (US), Symborg (Spain), Kan Biosys (India), Mapleton Agri Biotech Pty Ltd (Australia), Seipasa (Spain), AgriLife (India), Manidharma Biotech Pvt Ltd (India), Biomax Naturals (India), Jaipur Bio Fertilizers (India), Valent BioSciences (US), Aumgene Biosciences (India), Agrinos (US), Criyagen (India), LKB BioFertilizer (Malaysia), Varsha Bioscience and Technology India Pvt Ltd. (India), and Valagro (Italy).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441