Biofertilizer Market Analysis and In Depth Study
The Biofertilizer market is growing rapidly both in the United States and internationally. The term biofertilizer is used to describe microbial products. The market size for biofertilizers is estimated to be 2.3 billion USD in 2020 and reaching 3.9 billion USD by 2026 according to Markets and Markets a global market research company.
Biofertilizer Market Analysis Report
The report breaks down by type of biofertilizer, crop type, form, mode of application, and global region.
- Nitrogen-fixing biofertilizers
- Phosphate solubilizing & mobilizing biofertilizers
- Potassium solubilizing & mobilizing biofertilizers
By Crop Type
- Cereals & grains
- Pulses & Oilseeds
- Fruits & vegetables
- Carrier-based Biofertilizer
By Mode of Application
- Soil Treatment
- Seed Treatment
- Others (foliar treatment, root dipping, and seedling root treatment)
Biofertilizer Market By Region
- North America
- Asia Pacific
- Rest of the World (RoW)
Uses of Biofertilizers
Worldwide, biofertilizers are used by farmers for a number of reasons. In particular growers like the ease of use, the cost benefit and the lessened environmental impact. While all farmers are becoming more accepting of biofertilizers, organic farmers seem to be leading the way in this field.
Biofertilizers are used during crop transplanting, as a foliar spray, in-furrow and as a drench treatment.
North America Biofertilizer Usage
North America is projected to have the greatest growth of biofertilizer usage.
North America is projected to witness the highest growth in the biofertilizers market during the forecast period
North American countries have imposed bans on the usage of harmful chemicals & fertilizers in agriculture due to its adverse effects on the ecology. This, in turn, has created a significant market potential for biofertilizers in the region. Also, increasing acceptance of organic foods among consumers is opening doors for various international players. Rapid growth in organic agriculture and rising demand for organic food in the continent has attributed to the growth of biofertilizer market. As per USDA and DOE, huge availability of biomass feedstock is also one of the drivers for the market.
Custom Biologicals and the Biofertilizer Market
Have questions about the use of Biofertilizers? Contact CustomBio at (561) 797-3008 or via email at Bill@CustomBio.biz.