The worldwide market for Biofertilizer is expected to grow at a CAGR of roughly 8.8% over the next five years, will reach 3340 million US$ in 2023, from 2190 million US$ in 2017.
Biofertilizer are the substances which make use of microorganisms to fertile the soil. These fertilizers are not harmful to crops or other plants like the chemical fertilizers. They are actually taken from the animal wastes along with the microbial mixtures. Microorganisms are used to increase the level of nutrients in the plants. They let the plants grow in a healthy environment. They are also environment friendly and do not cause the pollution of any sort. Use of biofertilizers in the soil, makes the plants healthy as well as protect them from getting any diseases.
Market Segment by Manufacturers, this report covers
Novozymes, Biomax, RIZOBACTER, Agri Life, Symborg, National Fertilizers Limited, Batian, Xi’an Delong Bio-industry, Maboshi, Fertilzer King, Jinggeng Tianxia, Taigu Biological, Taibao Biological, Genliduo Bio-Tech, Beijing Leili Group, Qingdong Nongke, Yunye, Aokun Biological, XinJiang StarSeed Science and Technology, Laimujia and others
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Scope of the Report:
This report focuses on the Biofertilizer in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Biofertilizer has a low concentration. The top five companies account for more than 12.56 % of market share. Novozymes, Agri Life, Symborg, xi’an Delong Bio-industry and Maboshi are the tycoons of Biofertilizer. Novozymes is the largest manufacturer, with the market share of 3.98% in 2015.
In terms of application, biofertilizer can be applied in cereals & grains, pulses & oilseeds, fruits & vegetables and other. Pulses & oilseeds accounted for the largest market with about 44.33% of the global consumption for biofertilizer in 2015.
Market Segment by Regions, regional analysis covers
- 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.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Market Segment by Applications, can be divided into
- Cereals & Grains
- Pulses & Oilseeds
- Fruits & Vegetables
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Table of Content
1 Market Overview
2 Manufacturers Profiles
3 Global Biofertilizer Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)
4 Global Biofertilizer Market Analysis by Regions
5 North America Biofertilizer by Countries
6 Europe Biofertilizer by Countries
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