Biofertilizers Market Insights

According to MRFR analysis, the biofertilizers market is expected to register a CAGR of 12.24% from 2022to 2030 and hold a value of over USD 4.51 billion by 2030.The biofertilizers market refers to the production and sale of living organisms such as bacteria, fungi, and other microorganisms that are used to enhance soil fertility and plant growth. 

Biofertilizers are a type of organic fertilizers that work by facilitating the natural nutrient cycle of the soil, and promoting the growth of beneficial microorganisms that help in the fixation of nitrogen, phosphorus and other nutrients. These microorganisms can be applied directly to soil or to plant surfaces to improve their growth and health. The global biofertilizers market is expected to grow significantly in the coming years due to increasing demand for sustainable farming practices and the need to reduce the environmental impact of chemical fertilizers.

𝗧𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗶𝘀 𝗣𝗿𝗶𝗰𝗲𝗱 𝗮𝘁 𝗖𝗹𝗶𝗰𝗸 𝗛𝗲𝗿𝗲 𝘁𝗼 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗦𝗮𝗺𝗽𝗹𝗲. https://www.marketresearchfuture.com/sample_request/1386

The COVID-19 pandemic has had a mixed impact on the biofertilizers market. The pandemic has led to disruptions in the global supply chain and a decline in demand for many agricultural inputs, including biofertilizers. This is due to reduced demand for crops and a decline in farmers’ incomes, leading to decreased investment in inputs such as biofertilizers.

The pandemic has also highlighted the importance of sustainable agriculture and the need to reduce reliance on chemical fertilizers, which can have negative environmental impacts.

Regional Analysis

The largest region in the biofertilizers market is Asia-Pacific, followed by North America and Europe. The demand for biofertilizers in the Asia-Pacific region is driven by the increasing population, rising demand for organic food, and the adoption of sustainable agriculture practices.

North America and Europe are also important markets for biofertilizers, as there is increasing consumer demand for organic and sustainably produced food, and a growing interest in reducing the environmental impact of agriculture.

Market Segmentation

The biofertilizers market has been segmented into type, application and form.

Based on the type, the market has been segmented into nitrogen-fixing and phosphate-solubilizing.

Based on the application, the market has been segmented into leaf treatment, root immersion and plant rooting.

Based on the form, the market has been segmented into dry and liquid.

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Key Players

Some of the key market players are:

• National Fertilizers Ltd.
• Madras Fertilizers Limited
• Monsanto BioAg
• Gujarat State Fertilizers & Chemicals Ltd.
• T Stanes & Company Limited
• Camson Bio Technologies Limited
• Rashtriya Chemicals & Fertilizers Ltd.
• Biomax Naturals
• Agri Life

Discover more research Reports on Agriculture, by Market Research Future:

Liquid Fertilizer Market Research Report Information By Category (Organic, and Synthetic), By Type (Nitrogen, Potassium, Phosphate, and others) By Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulse, and others), By Mode of Application (Soil, Foliar, Fertigation, and others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) — Market Forecast Till 2030

Organic Fertilizers Market Research Report Information By Source (Minerals, Plants, and Animals), By Crop (Oilseeds & Pulses, Cereals & Grains, and Fruits & Vegetables), By Certifications (100% Organic and 95% Organic), And By Region (North America, Europe, Asia-Pacific, And the Rest Of The World) — Market Forecast Till 2030

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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