Biofertilizers Market Worth $4.51 Billion By 2030 Globally, At A CAGR Of 12.20% Says Exactitude Consultancy

(MENAFN- EIN Presswire)

Biofertilizers Market

The Exactitude Consultancy has updated its global market reports with latest data for 2024 and projections up to 2030

Growing demand for biofertilizers boosts agriculture sustainability and yields” - Exactitude Consultancy

LUTON, BEDFORDSHIRE, UNITED KINGDOM, March 8, 2024 /EINPresswire / -- The biofertilizers market is expected to grow at 12.20% CAGR from 2024 to 2030. It is expected to reach above USD 4.51 Billion by 2030 from USD 1.60 Billion in 2023.

The“Biofertilizers Market” is expected to experience significant growth from 2024 to 2030. This report provides valuable insights into the industry segments, types, and applications, as well as the latest developments, business opportunities, challenges, trends, and constraints faced by top manufacturers. With a comprehensive analysis of geographical regions, growth rates, and industry revenue, the report offers a qualitative and quantitative analysis of professional profiles, expansion plans, and industry size, as well as share valuations across all regions. The Biofertilizers market research provides a comprehensive view of the industry, including both qualitative and quantitative analyses.

The report methodical explanation of current market trends to assist the users to entail in-depth market analysis. The report focuses on a detailed analysis of major market players that are functioning in the global Biofertilizers market to study the market sales, value, and share. Top revenue-generating key manufacturers are involved in the report. Moreover, a systemic evaluation of drivers, restraints, and opportunities is framed in the report.

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Leading Key players included in this Report are:

Major players in the Biofertilizers Market are identified through secondary research and their market revenues determined through primary and secondary research are: Agrilife, Chr. Hansen Holding A/S, IPL Biologicals Limited, Kan Biosys, Kiwa Bio-Tech, Lallemand Inc., Mapleton Agri Biotech Pty Ltd, Novozymes A/S, Nutramax Laboratories, Inc., Rizobacter Argentina S.A. and Others.

Recent news

September 2022 – Rizobacter Argentina SA merged Bioceres Crop Solutions with Marrone Bio Innovations for developing sustainable crop solutions worldwide.

September 2021 – Novozymes launched five biological solutions, including inoculants to address key challenges for North American growers and establish a new sales team to serve customers directly in the U.S. The new products include inoculants that deal with nutritional efficiency issues, nodulation, and nitrogen fixation.

Biofertilizers Market Segmentation:

Biofertilizers Market by Type, 2020-2029, (USD Billion), (Kilotons)

Nitrogen Fixing

Phosphate Solubilizers

Biofertilizers Market by Application, 2020-2029, (USD Billion), (Kilotons).

Seed Treatment

Soil Treatment

Biofertilizers Market by Crop Type, 2020-2029, (USD Billion), (Kilotons).

Cereals

Pulses & Oilseeds

Fruits & Vegetables

Regional Outlook:

North America (United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

The North American region is projected to witness a high growth rate in the biofertilizers market. This can be attributed to several factors, including the increasing demand for organic and sustainable agriculture, government support for eco-friendly farming practices, and the availability of advanced technologies and infrastructure for the production and distribution of biofertilizers. In the United States, the demand for organic food is increasing rapidly, which has led to a corresponding increase in demand for organic agriculture and biofertilizers. The US government has also introduced several programs and initiatives to promote sustainable farming practices, which has further boosted the demand for biofertilizers. Also Canada has a strong agriculture industry and is home to several leading biofertilizer companies. The Canadian government has also introduced initiatives to promote sustainable agriculture and reduce the use of synthetic fertilizers, which has driven the growth of the biofertilizers market in the country

Browse Complete Summary and Table of Content:

Key Benefits:

⏩ This study gives a detailed analysis of drivers, restrains, opportunities and challenges limiting the market expansion of Biofertilizers market.

⏩ A descriptive analysis of demand-supply gap, estimation and forecast in the global Biofertilizers market.

⏩ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

⏩ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Biofertilizers Market

Among the report's primary offers are the following:

Direct-To-Consumer Biofertilizers definition, synopsis, and product specification are included in the research. It also identifies market-related obstacles and opportunities.

An in-depth study of the market for Biofertilizers products, including regional evaluations and competitive analyses on a global, regional, and local scale.

Indicators influencing market scenarios, development patterns, growth plans, as well as major regional enterprises fundamental to the market, are identified and highlighted.

A comprehensive section on the market's competitive landscape includes company profiles, strategic activities, and market shares for the industry's major competitors.

Various macro- and micro-level influences on the Global Biofertilizers market is identified and analyzed in the study.

Offers a detailed overview of the leading participants in the industry, as well as an analysis of their present strategic goals and critical financial data.

Frequently Asked Questions:

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☑ Does this report offer customization?

We offer customization on report based on customer's specific requirement:

– country-level analysis for the 5 countries of your choice.

– competitive analysis of 5 key market players.

– 40 free analyst hours to cover any other data point.

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