Global Carrier Based Biofertilizer Market, By Type (Nitrogen-Fixing Biofertilizers, Phosphate Solubilizing and Mobilizing Biofertilizers, Potassium Solubilizing and Mobilizing Biofertilizers), Crop (Cereals and Grains, Pulses and Oilseeds, Fruits and Vegetables, Others), Application (Soil Treatment, Seed Treatment, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Carrier Based Biofertilizer Market
The carrier based biofertilizer market is expected to witness market growth at a rate of approximately 10.80% in the forecast period of 2021 to 2028. Data Bridge Market Research report on carrier based biofertilizer market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growing organic farmland coupled with acceptance of biofertilizers among farmers globally is escalating the growth of carrier based biofertilizer market.
Carrier based biofertilizer are widely utilized in the soil inoculation where granular inoculants are placed into the furrow under or alongside the seed which enhances the chance for the inoculated strain to be in direct contact with the roots of the plant. Several carrier compounds are used to enhance the outcome of the crop production. The carrier material is milled to fine powder to make it suitable for soil inoculation.
The significant growth in the organic food industry and the initiatives taken by the government in order to increase awareness regarding the need for sustainability in modern agriculture are the major factors driving the carrier based biofertilizer market. The growing adoption of precision farming practices across nations and the acceptance of technological reforms to sustain in the ecosystem influence the carrier based biofertilizer market. The increase in research and development activities to acquire high-performance agricultural inputs including fertilizers, pesticides among others and the rise in need for alternative environment-friendly products for agriculture accelerate the carrier based biofertilizer market growth. The emergence of organic farming products across the globe due to the growth in awareness regarding the hazards of using chemical or synthetic fertilizers and effects of these products on the health of human also boosts the carrier based biofertilizer market. Additionally, the high investment in agrochemicals, rising popularity of the product owning to its ability to create a physical barrier between plants and crops against pests, high usage of carrier based biofertilizer in agricultural fields, rising prices of synthetic fertilizers, food scarcity due to increasing population globally positively affect the carrier based biofertilizer market. Furthermore, innovations in product development, high promotion of environment-friendly agricultural solutions, rise in use of microbes in biofertilizers and growing concerns associated with the food safety among consumers extend profitable opportunities to the carrier based biofertilizer market players in the forecast period of 2021 to 2028.
On the other hand, technological and environmental constraints, high capital investment and poor agriculture infrastructure are factors expected to obstruct the carrier based biofertilizer market growth. The impact of COVID-19 outbreak, presence of counterfeit and less-effective products, lack of awareness regarding the product and low adoption rate are projected to challenge the carrier based biofertilizer market.
This carrier based biofertilizer market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on carrier based biofertilizer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Carrier Based Biofertilizer Market Scope and Market Size
The carrier based biofertilizer market is segmented on the basis of type, crop and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the carrier based biofertilizer market is segmented into nitrogen-fixing biofertilizers, phosphate solubilizing and mobilizing biofertilizers and potassium solubilizing and mobilizing biofertilizers.
- On the basis of type, the carrier based biofertilizer market is segmented into cereals and grains, pulses and oilseeds, fruits and vegetables and others.
- On the basis of application, the carrier based biofertilizer market is segmented into soil treatment, seed treatment and others.
Global Carrier Based Biofertilizer Market Country Level Analysis
The carrier based biofertilizer market is analyzed and market size, volume information is provided by country, type, crop and application as referenced above.
The countries covered in the global carrier based biofertilizer market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the carrier based biofertilizer market due to the high adoption of organic farming, rise in government interventions in farming practices, implementation of strict regulations and shift in farming trends and techniques. Asia-Pacific is expected to witness the high CAGR during the forecast period of 2021 to 2028 because of the inclination towards sustainable form of agriculture and presence of majority of the agrarian economies in the region.
The country section of the carrier based biofertilizer market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Carrier Based Biofertilizer Market Share Analysis
The carrier based biofertilizer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to carrier based biofertilizer market.
The major players covered in the carrier based biofertilizer market report are Novozymes, National Fertilizers Limited, MADRAS FERTILIZERS LIMITED, Gujarat State Fertilizers & Chemicals Limited, Rashtriya Chemicals and Fertilizers Limited, Vegalab S.A., Chr. Hansen Holding A/S, Kiwa Bio-Tech Products Group Corporation, Rizobacter, T.Stanes and Company Limited, IPL Biologicals Limited, Lallemand, Nutramax Laboratories, Symborg, Som Phytopharma India Ltd, Mapleton Agri Biotec Pt Ltd, Manidharma Biotech Private Limited, biomaxnaturals, Seipasa, Jaipur Bio Fertilizers, CRIYAGEN, LKB BioFertilizer among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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