Biofertilizers Market Key Drivers, Business Insights, Trends, And Forecast to 2026 | COVID-19 Impact on Biofertilizers Market

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MarketsandMarkets Presents
Biofertilizers Market - Forecast to
2026 https//www.marketsandmarkets.com/Market-Repo
rts/compound-biofertilizers-customized-fertilizers
-market-856.html

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The report "Biofertilizers Market by Form
(Liquid, Carrier-Based), Mode of Application
(Soil Treatment, Seed Treatment), Type
(Nitrogen-fixing, Phosphate solubilizing
Mobilizing, Potash Solubilizing Mobilizing),
Crop Type, and Region - Global Forecast to 2026"
The global biofertilizers market size is
estimated to be valued at USD 2.6 billion in 2021
and is expected to reach a value of USD 4.5
billion by 2026, growing at a CAGR of 11.9 in
terms of value during the forecast period.
Factors such as  growth in consumer preference
for organic food products, adoption of soil
fertility management practices, serious concerns
regarding the control of nitrate emissions and
eutrophication in the aquatic environment, and
government promotions for the use of organic
fertilizers are some of the factors driving the
growth of the biofertilizers market. Browse 276
market data Tables and 54 Figures spread
through 305 Pages and in-depth TOC
on "Biofertilizers Market - Global Forecast to
2026 North America is estimated to hold the
largest market share during the forecast
period The imposition of bans on the usage of
harmful chemicals and fertilizers in the
agricultural industry by governments in North
American countries has created a high growth
potential for biofertilizers. In addition, the
increasing acceptance of organic foods among
consumers is projected to widen the scope of
growth for leading players. The US dominated the
biofertilizers market in North America in 2020.
The FDA introduced stringent regulations
pertaining to the quality standards of
agricultural products, which is projected to
encourage the use of biofertilizers in the US.
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• Report Objectives
• To define, segment, and estimate the size of the
  biofertilizers market with respect to its type,
  mode of application, form, crop type, and region
• To provide detailed information about the major
  factors influencing the growth of the market
  (drivers, restraints, opportunities, and
  industry-specific challenges)
• To analyze the complete value chain and influence
  of all key stakeholders, such as manufacturers,
  suppliers, and end users.
• To analyze the opportunities in the market for
  stakeholders and provide details of the
  competitive landscape for market leaders
• To profile the key players and comprehensively
  analyze their core competencies
• Key Marker Players
• Key players in this market include Novozymes A/S
  (Denmark), Vegalab SA (Switzerland), UPL Limited
  (India), Chr. Hansen Holding A/S (Denmark), Kiwa
  Bio-Tech (China), Lallemand Inc. (US), Rizobacter
  Argentina S.A. (Argentina), T. Stanes Company
  Limited (India), IPL Biologicals Limited (India),
  Nutramax Laboratories Inc. (US), Symborg (Spain),
  Kan Biosys (India), Mapleton Agri Biotech Pty Ltd
  (Australia), Seipasa (Spain), AgriLife (India),
  Manidharma Biotech Pvt Ltd (India), Biomax
  Naturals (India), Jaipur Bio Fertilizers (India),
  Valent BioSciences (US), Aumgene Biosciences
  (India), Agrinos (US), Criyagen (India), LKB
  BioFertilizer (Malaysia), Varsha Bioscience and
  Technology India Pvt Ltd. (India), and Valagro
  (Italy).   
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Restraint Environmental and technological
constraints Biofertilizer products have a
limited shelf-life and run a high risk of
contamination. The microorganisms used as
biofertilizers become non-viable when exposed to
high temperatures. Therefore, it is very
important to store them in a cool and dry place.
The major problem in the agricultural inoculation
technology is the survival of microorganisms
during storage other challenges revolve around
several parameters such as culture medium,
physiological state of the microorganisms when
harvested, dehydration process, rate of drying,
temperature maintenance during storage, and water
activity of inoculants. These challenges
influence the shelf-life of microbes. The market
also has less availability of research
development and testing labs, which is hindering
the growth of the biofertilizers market. There is
also a need for a quality management system to
provide better microbial products to farmers.
  Opportunity New target markets Asia Pacific
Africa The Asia Pacific and African regions
are the largest consumers of fertilizers. The
increasing rate of population, especially in
Asia, has resulted in the increasing demand for
food, which would, in turn, lead to the increased
consumption of fertilizers. However, the major
concerns in this region are pollution and
contamination of soil as well as their harmful
effects on human beings. To combat the harmful
effects of chemical fertilizers, governments in
these regions are emphasizing the use of
environmental-friendly fertilizers, such as
biofertilizers and organic manure. Make an
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• Key Marker Players
• Key players in this market include Novozymes A/S
  (Denmark), Vegalab SA (Switzerland), UPL Limited
  (India), Chr. Hansen Holding A/S (Denmark), Kiwa
  Bio-Tech (China), Lallemand Inc. (US), Rizobacter
  Argentina S.A. (Argentina), T. Stanes Company
  Limited (India), IPL Biologicals Limited (India),
  Nutramax Laboratories Inc. (US), Symborg (Spain),
  Kan Biosys (India), Mapleton Agri Biotech Pty Ltd
  (Australia), Seipasa (Spain), AgriLife (India),
  Manidharma Biotech Pvt Ltd (India), Biomax
  Naturals (India), Jaipur Bio Fertilizers (India),
  Valent BioSciences (US), Aumgene Biosciences
  (India), Agrinos (US), Criyagen (India), LKB
  BioFertilizer (Malaysia), Varsha Bioscience and
  Technology India Pvt Ltd. (India), and Valagro
  (Italy). 
• Recent Developments
• In October 2020, Novozymes A/S launched three new
  biofertilizers that are proven to increase yields
  and enhance crop performance for pulses including
  lentils and peas, cereals (small grains), canola
  and soybeans.
• In October 2018, Vegalab SA has signed a
  distribution agreement with Van Iperen
  International B.V., the foremost specialty
  fertilizer and high performance agricultural
  solutions producer in The Netherlands. This
  agreement would help the company to expand its
  reach in the European biofertilizers market.
• In February 2019, UPL Limited acquired Arysta
  LifeScience Inc. (Japan), a global provider of
  innovative crop protection solutions, for USD 4.2
  billion. This acquisition would aid UPL in
  providing enhanced crop protection solutions and
  expand its presence in Africa, Russia, and
  Eastern Europe.
• In March 2020, Kiwa Bio-Tech announced agreement
  with Huaxialitai Co., Ltd., a China state-owned
  enterprise that has an enormous fertilizer market
  channel throughout the Country of China. Under
  terms of the agreement, Huaxialitai will start to
  sell Kiwas fertilizer products.
• In August 2019, Lallemand Plant care launched
  products, such as LALFIX Duo FS for soybean,
  lentil, and pea spherical granular inoculants,
  which would enhance the nitrogen fixation, water
  and nutrient uptake, increasing the yield genetic
  potential of the seed.
• Speak to Analyst https//www.marketsandmarkets.co
  m/speaktoanalystNew.asp?id856

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