The global Biofertilizer market was valued at 225.41 Million USD in 2021 and will grow with a CAGR of 8.81% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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.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.

By Market Verdors:

Novozymes

Biomax

RIZOBACTER

Agri Life

Symborg

National Fertilizers Limited

Batian

Xian 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

By Types:

Nitrogen-fixing

Phosphate-solubilizing

Potash-mobilizing

By Applications:

Cereals & Grains

Pulses & Oilseeds

Fruits & Vegetables

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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