Industry: Agriculture
Published Date: 2025-01-13
Pages: 153 Pages
Report ld: 3500127
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Biofertilizer Product Market Size(US$)

CAGR 2025-2031
2.8%
Market Size,2031
USD 3,203
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Biofertilizer Product was estimated to be worth US$ 2648 million in 2024 and is forecast to a readjusted size of US$ 3203 million by 2031 with a CAGR of 2.8% during the forecast period 2025-2031.
A biofertilizer is a substance which contains living micro-organisms which, when applied to seeds, plant surfaces, or soil, colonize the rhizosphere or the interior of the plant and promotes growth by increasing the supply or availability of primary nutrients to the host plant.[1] Biofertilizers add nutrients through the natural processes of nitrogen fixation, solubilizing phosphorus, and stimulating plant growth through the synthesis of growth-promoting substances. The micro-organisms in biofertilizers restore the soil"s natural nutrient cycle and build soil organic matter. Through the use of biofertilizers, healthy plants can be grown, while enhancing the sustainability and the health of the soil. Biofertilizers can be expected to reduce the use of synthetic fertilizers and pesticides, but they are not yet able to replace their use. Since they play several roles, a preferred scientific term for such beneficial bacteria is "plant-growth promoting rhizobacteria" (PGPR)
According to the 2022 Statistical Yearbook of the United Nations Agricultural and Food Organization, there are about 866 million people work in agriculture, accounting for more than a quarter of the world"s total labor force and creating $3.6 trillion in added value. According to data, North America was the region with the most fertilizer use in the world in 2021, accounting for 32.6% of the global fertilizer market size. From the perspective of demand, the proportion of micro-fertilizers used in many European countries has reached 45-60%, and the proportion of use in the United States was as high as 60-70%. According to our “Agriculture Research Center”, the global fertilizer consumption was nearly 200 million tons in 2022. According to the National Bureau of Statistics, the total output value of China"s fertilizer manufacturing industry in 2021 was 618.572 billion yuan, with a year-on-year increase of 5.05%. Global fertilizer consumption in 2021 increased by nearly 12 million tons, which compared to 2020.
This report aims to provide a comprehensive presentation of the global market for Biofertilizer Product, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Biofertilizer Product by region & country, by Type, and by Application.
The Biofertilizer Product market size, estimations, and forecasts are provided in terms of sales volume (K Tons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Biofertilizer Product.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Biofertilizer Product manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Biofertilizer Product in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Biofertilizer Product in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
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TABLE OF CONTENTS
1 Market Overview
1.1 Biofertilizer Product Product Introduction
1.2 Global Biofertilizer Product Market Size Forecast
1.2.1 Global Biofertilizer Product Sales Value (2020-2031)
1.2.2 Global Biofertilizer Product Sales Volume (2020-2031)
1.2.3 Global Biofertilizer Product Sales Price (2020-2031)
1.3 Biofertilizer Product Market Trends & Drivers
1.3.1 Biofertilizer Product Industry Trends
1.3.2 Biofertilizer Product Market Drivers & Opportunity
1.3.3 Biofertilizer Product Market Challenges
1.3.4 Biofertilizer Product Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Biofertilizer Product Players Revenue Ranking (2024)
2.2 Global Biofertilizer Product Revenue by Company (2020-2025)
2.3 Global Biofertilizer Product Players Sales Volume Ranking (2024)
2.4 Global Biofertilizer Product Sales Volume by Company Players (2020-2025)
2.5 Global Biofertilizer Product Average Price by Company (2020-2025)
2.6 Key Manufacturers Biofertilizer Product Manufacturing Base and Headquarters
2.7 Key Manufacturers Biofertilizer Product Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Biofertilizer Product
2.9 Biofertilizer Product Market Competitive Analysis
2.9.1 Biofertilizer Product Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Biofertilizer Product Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Biofertilizer Product as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Nitrogen Fixing Microbes
3.1.2 Phosphate Solublizing and Mobilizing Microbes
3.1.3 Potassium Solublizing and Mobilizing Microbes
3.1.4 Others
3.2 Global Biofertilizer Product Sales Value by Type
3.2.1 Global Biofertilizer Product Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Biofertilizer Product Sales Value, by Type (2020-2031)
3.2.3 Global Biofertilizer Product Sales Value, by Type (%) (2020-2031)
3.3 Global Biofertilizer Product Sales Volume by Type
3.3.1 Global Biofertilizer Product Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Biofertilizer Product Sales Volume, by Type (2020-2031)
3.3.3 Global Biofertilizer Product Sales Volume, by Type (%) (2020-2031)
3.4 Global Biofertilizer Product Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Cereals and Grains
4.1.2 Pulses and Oilseeds
4.1.3 Fruits and Vegetables
4.1.4 Other
4.2 Global Biofertilizer Product Sales Value by Application
4.2.1 Global Biofertilizer Product Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Biofertilizer Product Sales Value, by Application (2020-2031)
4.2.3 Global Biofertilizer Product Sales Value, by Application (%) (2020-2031)
4.3 Global Biofertilizer Product Sales Volume by Application
4.3.1 Global Biofertilizer Product Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Biofertilizer Product Sales Volume, by Application (2020-2031)
4.3.3 Global Biofertilizer Product Sales Volume, by Application (%) (2020-2031)
4.4 Global Biofertilizer Product Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Biofertilizer Product Sales Value by Region
5.1.1 Global Biofertilizer Product Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Biofertilizer Product Sales Value by Region (2020-2025)
5.1.3 Global Biofertilizer Product Sales Value by Region (2026-2031)
5.1.4 Global Biofertilizer Product Sales Value by Region (%), (2020-2031)
5.2 Global Biofertilizer Product Sales Volume by Region
5.2.1 Global Biofertilizer Product Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Biofertilizer Product Sales Volume by Region (2020-2025)
5.2.3 Global Biofertilizer Product Sales Volume by Region (2026-2031)
5.2.4 Global Biofertilizer Product Sales Volume by Region (%), (2020-2031)
5.3 Global Biofertilizer Product Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Biofertilizer Product Sales Value, 2020-2031
5.4.2 North America Biofertilizer Product Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Biofertilizer Product Sales Value, 2020-2031
5.5.2 Europe Biofertilizer Product Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Biofertilizer Product Sales Value, 2020-2031
5.6.2 Asia Pacific Biofertilizer Product Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Biofertilizer Product Sales Value, 2020-2031
5.7.2 South America Biofertilizer Product Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Biofertilizer Product Sales Value, 2020-2031
5.8.2 Middle East & Africa Biofertilizer Product Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Biofertilizer Product Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Biofertilizer Product Sales Value
6.2.1 Key Countries/Regions Biofertilizer Product Sales Value, 2020-2031
6.2.2 Key Countries/Regions Biofertilizer Product Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Biofertilizer Product Sales Value, 2020-2031
6.3.2 United States Biofertilizer Product Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Biofertilizer Product Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Biofertilizer Product Sales Value, 2020-2031
6.4.2 Europe Biofertilizer Product Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Biofertilizer Product Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Biofertilizer Product Sales Value, 2020-2031
6.5.2 China Biofertilizer Product Sales Value by Type (%), 2024 VS 2031
6.5.3 China Biofertilizer Product Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Biofertilizer Product Sales Value, 2020-2031
6.6.2 Japan Biofertilizer Product Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Biofertilizer Product Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Biofertilizer Product Sales Value, 2020-2031
6.7.2 South Korea Biofertilizer Product Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Biofertilizer Product Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Biofertilizer Product Sales Value, 2020-2031
6.8.2 Southeast Asia Biofertilizer Product Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Biofertilizer Product Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Biofertilizer Product Sales Value, 2020-2031
6.9.2 India Biofertilizer Product Sales Value by Type (%), 2024 VS 2031
6.9.3 India Biofertilizer Product Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Novozymes A/S
7.1.1 Novozymes A/S Company Information
7.1.2 Novozymes A/S Introduction and Business Overview
7.1.3 Novozymes A/S Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Novozymes A/S Biofertilizer Product Product Offerings
7.1.5 Novozymes A/S Recent Development
7.2 Vegalab SA
7.2.1 Vegalab SA Company Information
7.2.2 Vegalab SA Introduction and Business Overview
7.2.3 Vegalab SA Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Vegalab SA Biofertilizer Product Product Offerings
7.2.5 Vegalab SA Recent Development
7.3 UPL Limited
7.3.1 UPL Limited Company Information
7.3.2 UPL Limited Introduction and Business Overview
7.3.3 UPL Limited Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 UPL Limited Biofertilizer Product Product Offerings
7.3.5 UPL Limited Recent Development
7.4 Chr.Hansen Holding A/S
7.4.1 Chr.Hansen Holding A/S Company Information
7.4.2 Chr.Hansen Holding A/S Introduction and Business Overview
7.4.3 Chr.Hansen Holding A/S Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Chr.Hansen Holding A/S Biofertilizer Product Product Offerings
7.4.5 Chr.Hansen Holding A/S Recent Development
7.5 Kiwa Bio-Tech
7.5.1 Kiwa Bio-Tech Company Information
7.5.2 Kiwa Bio-Tech Introduction and Business Overview
7.5.3 Kiwa Bio-Tech Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Kiwa Bio-Tech Biofertilizer Product Product Offerings
7.5.5 Kiwa Bio-Tech Recent Development
7.6 Lallemand Inc
7.6.1 Lallemand Inc Company Information
7.6.2 Lallemand Inc Introduction and Business Overview
7.6.3 Lallemand Inc Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Lallemand Inc Biofertilizer Product Product Offerings
7.6.5 Lallemand Inc Recent Development
7.7 Rizobacter Argentina SA
7.7.1 Rizobacter Argentina SA Company Information
7.7.2 Rizobacter Argentina SA Introduction and Business Overview
7.7.3 Rizobacter Argentina SA Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Rizobacter Argentina SA Biofertilizer Product Product Offerings
7.7.5 Rizobacter Argentina SA Recent Development
7.8 T. Stanes & Company Limited
7.8.1 T. Stanes & Company Limited Company Information
7.8.2 T. Stanes & Company Limited Introduction and Business Overview
7.8.3 T. Stanes & Company Limited Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 T. Stanes & Company Limited Biofertilizer Product Product Offerings
7.8.5 T. Stanes & Company Limited Recent Development
7.9 IPL Biologicals Limited
7.9.1 IPL Biologicals Limited Company Information
7.9.2 IPL Biologicals Limited Introduction and Business Overview
7.9.3 IPL Biologicals Limited Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 IPL Biologicals Limited Biofertilizer Product Product Offerings
7.9.5 IPL Biologicals Limited Recent Development
7.10 Nutramax Laboratories Inc
7.10.1 Nutramax Laboratories Inc Company Information
7.10.2 Nutramax Laboratories Inc Introduction and Business Overview
7.10.3 Nutramax Laboratories Inc Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Nutramax Laboratories Inc Biofertilizer Product Product Offerings
7.10.5 Nutramax Laboratories Inc Recent Development
7.11 Symborg
7.11.1 Symborg Company Information
7.11.2 Symborg Introduction and Business Overview
7.11.3 Symborg Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Symborg Biofertilizer Product Product Offerings
7.11.5 Symborg Recent Development
7.12 Kan Biosys
7.12.1 Kan Biosys Company Information
7.12.2 Kan Biosys Introduction and Business Overview
7.12.3 Kan Biosys Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Kan Biosys Biofertilizer Product Product Offerings
7.12.5 Kan Biosys Recent Development
7.13 Mapleton Agri Biotech Pty Ltd
7.13.1 Mapleton Agri Biotech Pty Ltd Company Information
7.13.2 Mapleton Agri Biotech Pty Ltd Introduction and Business Overview
7.13.3 Mapleton Agri Biotech Pty Ltd Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Mapleton Agri Biotech Pty Ltd Biofertilizer Product Product Offerings
7.13.5 Mapleton Agri Biotech Pty Ltd Recent Development
7.14 Seipasa
7.14.1 Seipasa Company Information
7.14.2 Seipasa Introduction and Business Overview
7.14.3 Seipasa Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Seipasa Biofertilizer Product Product Offerings
7.14.5 Seipasa Recent Development
7.15 AgriLife
7.15.1 AgriLife Company Information
7.15.2 AgriLife Introduction and Business Overview
7.15.3 AgriLife Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 AgriLife Biofertilizer Product Product Offerings
7.15.5 AgriLife Recent Development
7.16 Manidharma Biotech Pvt Ltd
7.16.1 Manidharma Biotech Pvt Ltd Company Information
7.16.2 Manidharma Biotech Pvt Ltd Introduction and Business Overview
7.16.3 Manidharma Biotech Pvt Ltd Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Manidharma Biotech Pvt Ltd Biofertilizer Product Product Offerings
7.16.5 Manidharma Biotech Pvt Ltd Recent Development
7.17 Biomax Naturals
7.17.1 Biomax Naturals Company Information
7.17.2 Biomax Naturals Introduction and Business Overview
7.17.3 Biomax Naturals Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Biomax Naturals Biofertilizer Product Product Offerings
7.17.5 Biomax Naturals Recent Development
7.18 Jaipur Bio Fertilizers
7.18.1 Jaipur Bio Fertilizers Company Information
7.18.2 Jaipur Bio Fertilizers Introduction and Business Overview
7.18.3 Jaipur Bio Fertilizers Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Jaipur Bio Fertilizers Biofertilizer Product Product Offerings
7.18.5 Jaipur Bio Fertilizers Recent Development
7.19 Valent BioSciences
7.19.1 Valent BioSciences Company Information
7.19.2 Valent BioSciences Introduction and Business Overview
7.19.3 Valent BioSciences Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Valent BioSciences Biofertilizer Product Product Offerings
7.19.5 Valent BioSciences Recent Development
7.20 Aumgene Biosciences
7.20.1 Aumgene Biosciences Company Information
7.20.2 Aumgene Biosciences Introduction and Business Overview
7.20.3 Aumgene Biosciences Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.20.4 Aumgene Biosciences Biofertilizer Product Product Offerings
7.20.5 Aumgene Biosciences Recent Development
7.21 Agrinos
7.21.1 Agrinos Company Information
7.21.2 Agrinos Introduction and Business Overview
7.21.3 Agrinos Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.21.4 Agrinos Biofertilizer Product Product Offerings
7.21.5 Agrinos Recent Development
7.22 Criyagen
7.22.1 Criyagen Company Information
7.22.2 Criyagen Introduction and Business Overview
7.22.3 Criyagen Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.22.4 Criyagen Biofertilizer Product Product Offerings
7.22.5 Criyagen Recent Development
7.23 LKB BioFertilizer
7.23.1 LKB BioFertilizer Company Information
7.23.2 LKB BioFertilizer Introduction and Business Overview
7.23.3 LKB BioFertilizer Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.23.4 LKB BioFertilizer Biofertilizer Product Product Offerings
7.23.5 LKB BioFertilizer Recent Development
7.24 Varsha Bioscience and Technology India Pvt Ltd
7.24.1 Varsha Bioscience and Technology India Pvt Ltd Company Information
7.24.2 Varsha Bioscience and Technology India Pvt Ltd Introduction and Business Overview
7.24.3 Varsha Bioscience and Technology India Pvt Ltd Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.24.4 Varsha Bioscience and Technology India Pvt Ltd Biofertilizer Product Product Offerings
7.24.5 Varsha Bioscience and Technology India Pvt Ltd Recent Development
7.25 Valagro
7.25.1 Valagro Company Information
7.25.2 Valagro Introduction and Business Overview
7.25.3 Valagro Biofertilizer Product Sales, Revenue, Price and Gross Margin (2020-2025)
7.25.4 Valagro Biofertilizer Product Product Offerings
7.25.5 Valagro Recent Development
8 Industry Chain Analysis
8.1 Biofertilizer Product Industrial Chain
8.2 Biofertilizer Product Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Biofertilizer Product Sales Model
8.5.2 Sales Channel
8.5.3 Biofertilizer Product Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
Related Reports
The global market for Biofertilizer Product was valued at US$ 2648 million in the year 2024 and is projected to reach a revised size of US$ 3203 million by 2031, growing at a CAGR of 2.8% during the forecast period.
Published Date: 2025-01-13
Pages: 123
USD 2900.00
(Single User License)
A biofertilizer is a substance which contains living micro-organisms which, when applied to seeds, plant surfaces, or soil, colonize the rhizosphere or the interior of the plant and promotes growth by increasing the supply or availability of primary nutrients to the host plant.[1] Biofertilizers add nutrients through the natural processes of nitrogen fixation, solubilizing phosphorus, and stimulating plant growth through the synthesis of growth-promoting substances. The micro-organisms in biofertilizers restore the soil's natural nutrient cycle and build soil organic matter. Through the use of biofertilizers, healthy plants can be grown, while enhancing the sustainability and the health of the soil. Biofertilizers can be expected to reduce the use of synthetic fertilizers and pesticides, but they are not yet able to replace their use. Since they play several roles, a preferred scientific term for such beneficial bacteria is "plant-growth promoting rhizobacteria" (PGPR)
Published Date: 2024-02-05
Pages: 132
USD 2900.00
(Single User License)
The global market for Biofertilizer Product was valued at US$ 2648 million in the year 2024 and is projected to reach a revised size of US$ 3203 million by 2031, growing at a CAGR of 2.8% during the forecast period.
Published: 2025-01-13
Pages: 123
A biofertilizer is a substance which contains living micro-organisms which, when applied to seeds, plant surfaces, or soil, colonize the rhizosphere or the interior of the plant and promotes growth by increasing the supply or availability of primary nutrients to the host plant.[1] Biofertilizers add nutrients through the natural processes of nitrogen fixation, solubilizing phosphorus, and stimulating plant growth through the synthesis of growth-promoting substances. The micro-organisms in biofertilizers restore the soil's natural nutrient cycle and build soil organic matter. Through the use of biofertilizers, healthy plants can be grown, while enhancing the sustainability and the health of the soil. Biofertilizers can be expected to reduce the use of synthetic fertilizers and pesticides, but they are not yet able to replace their use. Since they play several roles, a preferred scientific term for such beneficial bacteria is "plant-growth promoting rhizobacteria" (PGPR)
Published: 2024-02-05
Pages: 132
REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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