Biofertilizer Industry Market Outlook 2025 Sample By Goldstein Market Intelligence

6.1. Global biofertilizer Market seGMentation: on the basis of Product tyPe Connect With Us: Published By: Goldstein Research Copyright

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Table.1. Global Sales (USD Million) of Biofertilizer, By Product Type, 2016-2025

Product Type/Year

2016

2017

2018

2019

2020

2021

2022

2023

2024

CAGR %

Nitrogen- Fixing Biofertilizers

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX%

PotashMobilizing Biofertilizers

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX%

PhosphateSolubilizing Biofertilizers

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX%

Plant Growth Promoting Biofertilizers

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX%

Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research

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6.1.1. Global Biofertilizer Market Size (USD Million) & Y-O-Y growth (%), by Product Type 2016-2025 Fig:- 6-2 Global Biofertilizer Y-O-Y Growth (%) Analysis-2016-2025

Fig: 6-1 Global Biofertilizer Market Size (USD Million). 2016-2025 40.0 35.0

XX

XX%

CAGR: (2016-2025)

XX

XX%

10%

XX XX

30.0 25.0 20.0

10%

XX

XX

XX

XX

XX

10%

XX% XX% XX%

XX%

XX%

XX%

XX%

XX%

9%

15.0

9%

10.0 9%

5.0 2016e

2017e

2018f

2019f

2020f

2021f

2022f

2023f

Source: Goldstein Research

9%

2016e

2017e

2018f

2019f

2020f

2021f

2022f

2023f

Source: Goldstein Research

Fig: 6-3 Vaccine as Injectable Drug Market Share (%), -2016 XX%

Nitrogen- Fixing Biofertilizers XX%

Potash-Mobilizing Biofertilizers

XX%

Phosphate-Solubilizing Bio-fertilizers Plant Growth Promoting Biofertilizers

XX%

2024f

Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research

Global biofertilizer market valued USD XX million in 2016 and tends to reach the value of USD XX million by 2024 at a CAGR of XX% over the forecast period Bio-fertilizer is the need of modern agriculture since demand for safe and residue free food is increasing. In view of the shifting focus towards organic farming and reduction of chemical residues in the environment. This has significantly promoted the production of bio-fertilizers in large scale by the private sector to cater the current demand. Moreover, modern day farmers are now showing interest in more ecofriendly products. biofertilizers hold promising future in reducing soil quality problems with optimum crop yield. www.goldsteinresearch.com

2024f

6.1.2. Global Nitrogen- Fixing Biofertilizers Market Size (USD Million) & Y-O-Y growth (%), 2016-2025 Fig: 6-4 Global Nitrogen- Fixing Biofertilizers Market Size (USD Million).

2016-2025

Fig:- 6-5 Global Nitrogen- Fixing Biofertilizers Y-O-Y Growth (%) Analysis2016-2025

60.0

50.0

XX%

XX

CAGR: (2016-2025)

XX

30.0

XX

XX

XX

9%

XX

40.0 XX

XX

9%

XX 9% 8%

XX%

XX%

XX%

XX%

XX%

XX%

XX%

XX% XX%

8%

20.0

8%

10.0

8%

0.0 2016e

2017e

2018f

2019f

2020f

2021f

Source: Goldstein Research

2022f

2023f

2024f

8%

2016e

2017e

2018f

2019f

2020f

2021f

2022f

2023f

Source: Goldstein Research

Updated version of this report is available at :- https://bit.ly/2JEH7QE Global Nitrogen- Fixing bio-fertilizers market valued USD XX million in 2016 and tends to generate the revenue of USD XX million by 2024 at a considerable CAGR of XX%  Some countries where the biofertilizers industry has been strongly developed in the last years have already enacted some regulations. China has set their legal quality based on eight parameters: amount of living cells, carbon and water content, pH, size of granules (for solid products), appearance, contamination and validity. Nevertheless, major restraints of the industry derive from the lack of awareness about the concept of biofertilizers, low rate of adoption by the farmers and presence in the market of low-quality products that are disturbing its development. It would thus be important to define a legal framework on biofertilizers which should protect both the reliable manufacturers of biofertilizers and the farmers utilizing an effective product from a market which allows low-quality products. In this respect, it is important to consider a legal definition for biofertilizers that would include all microorganisms currently used, but would also allow the widening of the scope to new categories.

Source: Goldstein Research 

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2024f

6.1.3. Global Biofertilizer Market, Market Attractiveness & BPS Analysis, By Product Type-2016-2025 Fig: 6-7 Global Biofertilizer Market BPS Analysis- By Product Type, 20162025

Fig: 6-6 Global Biofertilizer Market Attractiveness-By Product Type, 20162025 XX% XX% Potash-Mobilizing Biofertilizers

XX%

XX% XX%

XX%

XX%

Nitrogen- Fixing Biofertilizers

XX% Plant Growth Promoting Biofertilizers

XX% XX%

XX%

XX% XX%

XX%

XX%

XX% XX% XX%

Phosphate-Solubilizing Biofertilizers

XX

XX

XX

XX

XX

XX

XX%

2016

2024

XX%

XX% XX

XX%

XX

XX

XX

XX

Plant Growth Promoting Biofertilizers

Phosphate-Solubilizing Biofertilizers

Potash-Mobilizing Biofertilizers

Nitrogen- Fixing Biofertilizers

Source: Goldstein Research

Source: Goldstein Research Key Points

ďƒ˜ According to Goldstein Research, nitrogen-fixing biofertilizers holds the largest portion of market revenue and potash mobilizing biofertilizers tends to grow at the faster pace during the forecast period. The present level of biofertilizer use is still quite low and there is a considerable potential to increase in its sale in coming years. Growth is particularly high in emerging countries such as China, India because of rising awareness among the farmers about the hazards of chemical fertilizers as well as the higher costs of chemical fertilizers ďƒ˜Another important aspect for the bright future of biofertilizers is increasing popularity of organic food among the buyers. Organic foods are produced using methods of organic farming. Organic farming does not involve use of synthetic pesticides and chemical fertilizers Copyright Goldstein Research, All Rights Reserved

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6.2. north aMerica biofertilizer Market Updated version of this report is available at :https://bit.ly/2JEH7QE Connect With Us: Published By: Goldstein Research Copyright

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6.2.1. North-America Biofertilizer Market Size (USD Million) & Y-O-Y growth (%),2016-2025 Fig: 6-8 North-America Biofertilizer Market Size (USD Million)-20162025

182,928.

172,928.

4 4 152,928.

CAGR: (2016-2025) 141,934.

4 131,569.

5 122,244.

113,569.4 105,774.

9 8 7 98,541.8

Fig: 6-9 North-America Biofertilizer Market Share By Product Type, 2016-2025

XX%

2016e

2017e

2018f

2019f

Source: Goldstein Research

2020f

2022f

2023f

2024f

Fig: 6-10 North-America Biofertilizer Market Size (USD Millions), By Country-2016-2025

XX201615.00%

XX202320.00%

U.S.

Source: Goldstein Research

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40.00%

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Canada

PotashMobilizing Bio-fertilizers

35.00% 24.00%

PhosphateSolubilizing Bio-fertilizers

2016 25.00%

m a S 2021f

e l p

15.00%

20.00%

15.00%

NitrogenFixing Biofertilizers

2024

Plant Growth Promoting Bio-fertilizers

26.00%

Source: Goldstein Research

Fig: 6-11 North-America Biofertilizer Market Size (USD Million), By Product Type-2016-2025

XX 40 252016

Nitrogen- Fixing Bio-fertilizers

XX XX

XX

35 262024

Potash-Mobilizing Bio-fertilizers

Plant Growth Promoting Bio-fertilizers

Source: Goldstein Research

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Phosphate-Solubilizing Bio-fertilizers

6.2.2. U.S. Biofertilizer Market Size (USD Million) & Y-O-Y growth (%), 2016-2025 Fig: 6-12 U.S. Biofertilizer Market Size (USD Million). 2016-2025

Fig: 6-13 U.S Biofertilizer Market Y-O-Y Growth Rate, 2016-2025 XX

XX%

XX

CAGR: (2016-2025)

XX XX 2016e

2017e

XX

2018f

Source: Goldstein Research

XX

2019f

XX

XX

XX%

XX

m a S

2020f

2021f

2022f

2023f

2024f

2016e

e l p XX%

XX%

2017e

2018f

Source: Goldstein Research

XX%

XX%

2019f

2020f

XX%

XX%

XX%

XX%

2021f

2022f

2023f

2024f

Y-o-Y

 U.S biofertilizer market will be driven by contamination and other environmental hazards owing to excessive application of fertilizers and agrochemicals on crops. Nitrogen fixing was the largest product segment, accounting for over XX% of U.S biofertlizer revenue share in 2016, followed by Phosphate solubilizers with XX% share in U.S biofertilizer revenue in 2016. Phosphate solubilizers are also expected to be the fastest growing at a CAGR of XX% from 2016 to 2024. Major market players are also entering this segment to exploit the immense opportunities provided by the biofertlizers and their expected significant adoption in coming years. For instance, Bayer's LifeScience Center division, along with biotech firm Ginkgo Bioworks, is forming a startup to focus on developing biological solutions to reduce the use of nitrogen-based fertilizer, or make farmers' use more efficient. Bayer is also working to close its USD 66 billion acquisition of Monsanto Co – which also is ramping up its biologicals portfolio.

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6.2.3. North America Biofertilizer Market Attractiveness and BPS Analysis - By Country, 2016-2025 Fig: 6-14 North America Biofertilizer Market Attractiveness-By Country, 2016-2025

Fig: 6-15 North America Biofertilizer Market BPS Analysis- By Country, 20162025

XX%

100% 90%

XX%

80% 70%

XX%

60% 50%

XX%

40% XX%

m a S 30% 20%

XX%

10%

0%

XX%

XX

XX

XX

XX

XX

US

Source: Goldstein Research

Copyright

XX

XX

Canada

XX

XX

XX

e l p 30%

40%

70%

60%

2016

Canada

2024

US

Source: Goldstein Research



According to the above graph, US biofertilizer market is anticipated to be the most attractive market across all the countries in overall biofertilizer market, for new entrants looking to enter in the market, existing players looking for business expansion and investors seeking investment opportunities over the forecast period i.e. 2016-2025



There is a growing population of farmers looking for alternatives to conventional synthetic fertilizers that are reliable, natural, safe, and cost-efficient biofertilizers. Further, widening demand – supply gap of food crops, increasing demand of organic food and the government focus on conserving the environment is expected to drive the growth of biofertilizers in North America. United States Department of Agriculture (USDA) has introduced voluntary programs that offer monetary incentives to the farmers who use technologies that reduce the environmental impact of farming, which will boost the growth of biofertilizers industry in the region.

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