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Biofertilizers Market by Form, Mode of Application, Crop Type, Region - 2025

The biofertilizers market is estimated to be valued at USD 2.0 billion in 2019 and is projected to reach USD 3.8 billion by 2025, recording a CAGR of 11.2% during the forecast period. The market is driven primarily by the increasing organic farmland as well as the rising acceptance of biofertilizers among farmers.

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Biofertilizers Market by Form, Mode of Application, Crop Type, Region - 2025

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  1. MarketsandMarkets™ Presents Biofertilizers Market Projected to Reach $3.8 Billion by 2025 https://www.marketsandmarkets.com/Market-Reports/compound-biofertilizers-customized-fertilizers-market-856.html

  2. The report "Biofertilizers Market by Form (Liquid, Carrier-Based), Mode of Application (Soil Treatment, Seed Treatment), Crop Type, Type (Nitrogen-Fixing, Phosphate Solubilizing & Mobilizing, Potash Solubilizing & Mobilizing), Region - Global Forecast to 2025" The biofertilizers market is projected to reach USD 3.8 billion by 2025, from USD 2.0 billion in 2019, recording a CAGR of 11.2% during the forecast period. Rising awareness about the hazards of chemical fertilizers among consumers, soil degradation, nitrate emissions, along with government initiatives, is projected to witness significant growth during the forecast period. North America is projected to witness the highest growth in the biofertilizers market during the forecast period North American countries have imposed bans on the usage of harmful chemicals & fertilizers in agriculture due to its adverse effects on the ecology. This, in turn, has created a significant market potential for biofertilizers in the region. Also, increasing acceptance of organic foods among consumers is opening doors for various international players. Rapid growth in organic agriculture and rising demand for organic food in the continent has attributed to the growth of biofertilizer market. As per USDA and DOE, huge availability of biomass feedstock is also one of the drivers for the market. This report includes a study of the development strategies of leading companies. The scope of this report consists of a detailed study of biofertilizer manufacturers such as Novozymes (Denmark), Kiwa-Biotech (China), Rizobacter Argentina S.A (Argentina), Lallemand Inc. (Canada) and Symborg (Spain). Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=856

  3. Report Objectives: • To determine and forecast the size of the biofertilizers market, by form, by mode of application, crop type, type, and region • To identify attractive opportunities in the biofertilizers market by determining the largest and fastest-growing segments across regions • To strategically analyze the demand-side factors based on the following: • Impact of macro- and microeconomic factors on the market • Shifts in demand patterns across different subsegments and regions • To identify the key drivers and restraints that have an impact on the global market • To provide insights on the key investments in product innovations and patent registrations • To analyze the supply chain and regulatory frameworks across regions and their impact on prominent market players • Kiwa Bio-Tech develops, manufactures, and distributes innovative, cost-effective, and environment-friendly biotechnology products. The company mainly operates through four revenue segments, namely, biological organic fertilizer series, compound microbial fertilizer series, bio water-soluble fertilizer series, and microbial inoculum fertilizer. Kiwa Bio-Tech has a team dedicated to eco-agricultural product development to satisfy the growing need for safe food. Kiwa Bio-Tech operates in countries, such as the US and China through its subsidiaries. It has manufacturing facilities in Shandong, China. The company mainly operates through its key subsidiary, Kiwa Baiao Bio Tech (Beijing) Co. Ltd. (China). • Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=856

  4. Growth in the organic food industry Consumers, nowadays, are becoming highly concerned about food safety issues, the rising residue levels in food, and environmental issues, due to the rising concerns about their health. This rise in awareness has induced them to prefer chemical-free food products. As a result, major supermarket chains such as Wal-Mart and Cosco are increasing their product offerings of organic foods. The restaurant industry in many developed countries is also offering organic food menus to serve health-conscious consumers. The growth in the organic food industry is triggering the demand for biofertilizers and organic manures, as these are pre-requisites of organic farming. These factors have increased organic retail sales in many countries, such as the US, Germany, China, Switzerland, and Denmark. According to the United States Organic Food Market Forecast & Opportunities, 2018, western US drives the organic food market revenue due to the growing domestic production and increasing awareness. As a result of this growth of the retail organic food industry, the market for biofertilizers is growing at a global level. As per the Food and Agriculture Organization (FAO) of the United Nations, the US organic sales increased to USD 35 billion in 2014 from USD 28.4 billion in 2012. Among these, fresh fruits and vegetables had been the top-selling categories of organically grown food. Request Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=856

  5. Supply of counterfeit and less effective products The supply of counterfeit biofertilizers is a major issue in the industry, as it is creating a negative image of the final products among farmers and hindering market growth. The cost of production of spurious products is extremely low, and it has been impossible for farmers to differentiate spurious biofertilizers from the original ones due to similar physical characteristics and identical chemical properties. To imitate a product, poor microbial load, contaminated products, or improper strains are used. Counterfeit products are being sold in Asian countries due to the presence of a highly fragmented market with unorganized players. Furthermore, the supply of less-effective products, which is again affecting the sales of the products, is another concern that needs to be addressed. The effectiveness of biofertilizers depends on the production process of biofertilizers and their storage. The supply of low standard material by certain manufacturers can adversely affect the credibility of biofertilizers. Higher consumption of biofertilizers for organic fruits & vegetables contributes to the growth of the biofertilizers market in this segment Biofertilizers have proved to be useful in numerous ways, including improving the quality, shelf-life, and yield of fruits & vegetables. The increasing trend of consumer preferences for organic fruits & vegetables due to changing lifestyle and rising per capita income is the primary factor driving market growth. A rising trend in the cultivation of organic fruits & vegetables and those under IPM practices have also created a positive impact on the growth of the biofertilizers market. Speak to Analyst:https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=856

  6. Recent Developments: • In June 2019, Novozymes (Denmark) announced plans to continue its research and distribution partnership with Bayer (Germany), where Novozymes could form multi-partnership with UPL (India) and Univar Solutions (US) to distribute its biological products. In July 2018, Rizobacter Argentina (Argentina) registered an inoculant for chickpea. This product would help to increase the potential pulses market of Europe and India. • In July 2018, Rizobacter Argentina (Argentina) registered an inoculant for chickpea. This product would help to increase the potential pulses market of Europe and India. • In May 2016, Lallemand Inc. (Canada) acquired Lage y Cia (Uruguay), a prominent seed inoculant company in South America. This acquisition would help Lallemand in the product development of yeast, fungi, and bacteria as a biostimulant, biocontrol, and biofertilizer agent in the agriculture industry.  • Key questions addressed by the report: • Which region will account for the highest share in the biofertilizers market? • How would the declining availability of infrastructure impact the growth of the biofertilizers market globally? • What are the trends and factors responsible for influencing the adoption rate of biofertilizers in key emerging countries? What is the level of support offered by governments across these countries to the manufacturers? • Which are the key players in the market and how intense is the competition? • Will the disruption in agriculture technologies & practices impact the growth of the biofertilizers market? • Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=856

  7. Contact Us Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email: sales@marketsandmarkets.comBlog @ https://mnmblog.org/market-research/agriculture Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

  8. 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.

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