Global Nitrogen-Fixing Biofertilizers Market – Industry Trends and Forecast to 2028

Market Analysis and Insights : Global Nitrogen-Fixing Biofertilizers Market

Nitrogen-fixing biofertilizers market is expected to reach USD 2.80 billion by 2028 growing at a growth rate of 10.90% in the forecast period 2021 to 2028. Increasing growth of the organic food industry along with rising consumption of organic foods among the consumers which will likely to act as a factor for the nitrogen-fixing biofertilizers market in the forecast period of 2021- 2028.  

Biofertilizer is a material that consists of living microorganisms that help increase the supply of nutrients to plants by helping to grow plants. It increases soil nutrients when added to crops, soil, or plants, or makes them available to plants biologically. Since biofertilizers are needed for natural cultivation, the market is experiencing strong growth worldwide.

Increase in the usage of biofertilizers in ranches and private farms, growing hazards of using chemical fertilizers, rising number of initiatives by government agencies along with increasing awareness about the need for sustainability in modern agriculture, rising acceptance for advanced farming with drip irrigation and sprinklers, growing health concerns have also urged people to adopt organic foods and other agricultural products are some of the major as well as vital factors which will likely to augment the growth of the nitrogen-fixing biofertilizers market in the projected timeframe of 2021-2028. On the other hand, increasing need to improve crop productivity and yield per hectare to meet demand and supply gap along with rising concern over declining soil quality due to overuse of chemical fertilizers which will further contribute by generating massive opportunities that will lead to the growth of the nitrogen-fixing biofertilizers market in the above mentioned projected timeframe.

Increasing need of high capital investment and lack of improved infrastructure along with rising number of environmental and technological issues which will likely to act as market restraints factor for the growth of the nitrogen-fixing biofertilizers in the above mentioned projected timeframe. Lack of awareness and low adoption rate of biofertilizers along with availability of counterfeit products which will become the biggest and foremost challenge for the growth of the market.

This nitrogen-fixing biofertilizers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 nitrogen-fixing biofertilizers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Nitrogen-Fixing Biofertilizers Market Scope and Market Size

Nitrogen-fixing biofertilizers market is segmented on the basis of crop type, application, form and microbe type. The growth among segments helps you analyse 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 crop type, the nitrogen-fixing biofertilizers market is segmented into cereals and grains, pulses and oilseeds, fruits and vegetables, and others.
• Based on application, the nitrogen-fixing biofertilizers market is segmented into seed treatment, soil treatment, and others. Others have been further segmented into foliar treatment, root dipping, and seedling root treatment.  
• Based on the form, the nitrogen-fixing biofertilizers market is segmented into liquid, and carrier-based.
• The nitrogen-fixing biofertilizers market is also segmented on the basis of microbe type. The microbe type is segmented into rhizobium, azotobacter, azospirillum, cyanobacteria, phosphate-solubilizing bacteria, and others.

Nitrogen-Fixing Biofertilizers Market Country Level Analysis

Nitrogen-fixing biofertilizers market is analyses and market size, volume information is provided by country, crop type, application, form and microbe type as referenced above.

The countries covered in the nitrogen-fixing biofertilizers market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, 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, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the nitrogen-fixing biofertilizers market due to the increasing government interventions in farming practices along with prevalence of stringent regulations in the region while Asia-Pacific region will expect to grow in the forecast period of 2021-2028 because of increasing consumer preference towards consuming organic food along with rising number of regulatory initiatives and agricultural reforms undertaken by various governments in the region.  

The country section of the nitrogen-fixing biofertilizers 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.

Competitive Landscape and Nitrogen-Fixing Biofertilizers Market Share Analysis

Nitrogen-fixing biofertilizers 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 nitrogen-fixing biofertilizers market.

The major players covered in the nitrogen-fixing biofertilizers report are Novozymes; National Fertilizers Limited; MADRAS FERTILIZERS LIMITED; Gujarat State Fertilizers & Chemicals Limited (GSFC); Rashtriya Chemicals and Fertilizers Limited; Vegalab SA; Chr. Hansen Holding A/S; Kiwa Bio-Tech Products Group Corporation; Rizobacter; T.Stanes and Company Limited; INTERNATIONAL PANNACEA LIMITED; Lallemand Inc.; Nutramax Laboratories Consumer Care, Inc.; Kan biosys; Symborg.; Mapleton Agri Biotec Pt Ltd; Manidharma Biotech Private Limited.; Biomaxnaturals; Jaipur Bio Fertilizers.; 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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