Biofertilizers Market by Form, Mode of Application, Type, Crop Type, and Region – Global Forecast to 2026 – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD)–The “Global biofertilizer market by form (liquid, carrier-based), mode of application (soil treatment, seed treatment), type (nitrogen fixation, solubilization and mobilization of phosphates, solubilization and mobilization of potash) , crop type and region – Forecast for 2026 “ the report was added to ResearchAndMarkets.com offer.

The global biofertilizers market is estimated at USD 2.6 billion in 2021 and is expected to reach a value of USD 4.5 billion by 2026, growing at a CAGR of 11.9% in terms of value over the forecast period.

Factors such as increasing organic agricultural area, increasing initiatives of government agencies and growing awareness of the need for sustainability in modern agriculture and increasing crop production and yield are some factors that are driving the growth of the biofertilizers market.

Carrier-Based Biofertilizers Market Expected To Grow At Highest CAGR Between 2021-2026 In Asia-Pacific Region

The carrier-based biofertilizers market as a form segment experiences the fastest growth during the forecast period in the Asia-Pacific region. Carrier-based biofertilizers are added to the soil to enrich soil fertility. The carrier is a medium which is used to support the viability of microorganisms in sufficient quantities. Substrates should be economical, non-toxic, readily available in abundance, and easy to apply. In addition, an acceptable carrier must have an appropriate pH buffer and high water holding capacity and chemical and physical uniformity to support optimal growth of microbial species. The carriers are in the form of solids / tablets, granules or powders.

Fruits and vegetables are the fastest growing market during the forecast period

The consumption of fruits and vegetables is gaining popularity these days as it serves an array of important functions in the body. The use of biofertilizers is one of the crucial elements in the sustainable production of fruits and vegetables. According to WHO 2019, it is estimated that insufficient intake of fruits and vegetables is responsible for around 14% of gastrointestinal cancer deaths worldwide.

Due to growing health problems, the production and consumption of fruits and vegetables, especially organic, is increasing. In order to improve the quality, shelf life and yield of fruits and vegetables, various inputs such as biofertilizers are incorporated. The increasing trend in the cultivation of organic fruits and vegetables and those under IPM practices has created a positive impact on the growth of the biofertilizer market.

Soil Treatment Dominates Biofertilizer Market During Forecast Period

Soil treatment is a method in which certain bacteria, fungi, and other microorganisms, such as algae and protozoa, are mixed with tilled soil or organic fertilizers to enrich the soil microbiome. The use of biofertilizers in the soil depends on the nutrient content and the type of crops that are to be grown. When these useful microorganisms are introduced into the soil, they help the plant to receive adequate nutrients, which are in insoluble and absorbable forms. In addition, these biofertilizers do not have a negative impact on soil fertility but help improve its microbial content.

South America Biofertilizer Market Expected To Grow At Second Highest CAGR During Forecast Period

The growth of the biofertilizer market in this region is largely contributed by economic growth in Brazil and Argentina; the markets in these countries are expected to grow well above the regional average. The availability of arable land and the expansion of agricultural land, especially in Brazil, Argentina and Chile, are driving the growth of this market.

Agricultural production in South America has increased dramatically in recent decades, and its production is expected to continue to increase as producers in countries like Brazil continue to expand the area planted and push for higher yields. This, in turn, will support the increased consumption of biofertilizers. Thus, the need to improve crop yield per hectare is another opportunity for growing demand for biofertilizers in South America.

Market dynamics

Conductors

  • Growth in the organic food industry

  • Initiatives by government agencies and increased awareness of the need for sustainability in modern agriculture

  • Dangers of using chemical fertilizers

  • Increased use of biofertilizers on ranches and private farms

  • Adoption of precision agriculture and protected agriculture

  • Increase in environmental concerns

Constraints

  • Environmental and technological constraints

  • Poor infrastructure and high initial investment

Opportunities

  • New target markets: Asia-Pacific and Africa

  • Increase in crop production and yield

Challenges

  • Lack of awareness and low adoption rate of biofertilizers

  • Adverse regulatory standards

  • Supply of counterfeit and less effective products

Companies mentioned

  • Agrilife

  • Agrinos

  • Aumgene Biosciences

  • Natural Biomax

  • Chr. Hansen Holding A / S

  • Criagen

  • IPL Biologicals Limited

  • Jaipur Biofertilizers

  • Kan Biosys

  • Kiwa Bio-Tech

  • Lallemand inc.

  • LKB Biofertilizer

  • Manidharma Biotech Pvt. Ltd.

  • Mapleton Agri Biotech Pty. Ltd.

  • Novozymes A / S

  • Nutramax Laboratories, Inc.

  • Rizobacter Argentina SA

  • Seipasa

  • Symborg

  • T. Stanes & Company Limited

  • UPL limited

  • Valagro

  • Valent Biosciences

  • Varsha Biosciences and Technology India Pvt. Ltd.

  • Vegalab SA

For more information on this report, visit https://www.researchandmarkets.com/r/s22o3z


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