BIOFERTILIZERS MARKET GLOBAL INDUSTRY ANALYSIS, TRENDS, MARKET SIZE AND FORECASTS UP TO 2024
Biofertilizers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
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Biofertilizers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
Introduction Report Description
The Global Biofertilizers Market was sized near USD X.X billion in 2017. The global biofertilizers market is projected to grow with a CAGR of 13.5% during 2018-2024. Biofertilizers are the preparations containing living cells of microorganisms that helps the plants to intake essential nutrients by their interactions in the rhizosphere when applied through seed. Moreover, the traditionally used bio fertilizers are Rhizobium, Azotobacter, Azospirillum, and blue green algae (BGA). Furthermore, the microorganisms in bio-fertilizers restore the soil's natural nutrient cycle and build soil organic matter. The main benefits of using bio fertilizers, as they are cost-effective relative to chemical fertilizers and lower manufacturing costs, especially regarding nitrogen and use of phosphorous. Bio-fertilizers add nutrients through the natural processes of nitrogen fixation, solubilizing phosphorus, and stimulating plant growth through the synthesis of growth-promoting substances. In addition, bio fertilizers destroy harmful components from the soil, which cause disease to the plants .Hence, plants can be protected against droughts and any other climatic conditions by using bio fertilizers. This report estimates the market size of biofertilizers market in terms of value (USD million) over the period of 2016 to 2024. The year 2017 is considered to be a base year, and 2018 to 2024 is considered to be a forecast period. Moreover, the market sizes for biofertilizers market in numerous Crop Type is estimated in terms of value. This market research study provides detailed qualitative and quantitative analysis of the global biofertilizers market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of biofertilizers market. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecasts are also given for these regions. Š Infinium Global Research
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Biofertilizers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
Countries with major market revenues are covered for each of the region.Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of biofertilizers market. Moreover, the study highlights current market trends and provides forecast from 2018 to 2024. We also have highlighted future trends in the global biofertilizers market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. Segmentation and Research Scope
BIOFERTILIZERS MARKET SEGMENTATION
BIOFERTILIZERS MARKET
Microorganism Azospirillium Azotobacter Rhizobium PhosphateSolubilizing Bacteria Cyanobacteria Others
Crop Type
Cereals & Grains Fruits & Vegetables Pulses & Oilseeds Others
Product Nitrogen fixing Phosphate solubilizing Others
Application Seed Treatment Soil Treatment Others
Region
North America Europe Asia Pacific RoW
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Biofertilizers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
The report on global biofertilizers market covers microorganism, crop type, product, and application. The microorganism segments include azospirillium, azotobacter, rhizobium, phosphate-solubilizing bacteria, cyanobacteria, and others. On the basis of crop type the global biofertilizers market is categorized into cereals & grains, fruits & vegetables, pulses & oilseeds, and others. Furthermore, on the basis of product the biofertilizers market is segmented as nitrogen fixing, phosphate solubilizing, and others. On the basis of application the biofertilizers market is segmented as seed treatment, soil treatment, and others. Research Methodology Methodology
Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the biofertilizers market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Research Methodology: An Outline
Primary source of the information and data include Industry Experts/consultants Top level executives in the key market players Subject matter experts Academicians and research scholars
PRIMARY RESEARCH
Secondary sources of the information and data include Company annual reports Government/institutional publications Trade and associations journals Databases Websites and publications by research agencies Others
SECONDARY RESEARCH
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Biofertilizers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
RESEARCH APPROACHES- BOTTOM UP BOTTOM-UP APPROACH
Arriving at Global Market Size Arriving at Regional/Country Market Size
Market Share of Key Players
Key Market Players
Accumulation of the country level market size (value) Regional market size of biofertilizers and its microorganism, crop type, product, application
Accumulation of the regional/country market size and microorganism, crop type, product, application (value)
Segment revenue of the key players Country level market size by microorganism, crop type, product, application
Identifying key players in the biofertilizers market
RESEARCH APPROACHES- TOP-DOWN Global Market
Market Segments
Determine the Regional Market Size Country Level Market Sizing
Global market size of biofertilizers market Value for 2017 to 2024
% breakdown by market segments by microorganisme, crop type, Product, application Value for 2017 and 2024
Regional market size of the biofertilizers market (value) Regional market size of microorganism, crop type, product, application
Country level market size of the biofertilizers market in every region (value) Country level market size of microorganism, crop type, product, application in every region
TOP-DOWN APPROACH
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Biofertilizers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
The study on global biofertilizers market provides deep insights into the trends and opportunities in the market for the forecast period 2018 to 2024. Moreover, the market estimates are provided in terms of revenue in USD million. Furthermore, the research covers the analysis of the various segments in the global biofertilizers market. The estimates in the global biofertilizers market are based on both bottom-up and top-down approaches. In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of biofertilizers market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia-Pacific and RoW. The regional market was then divided as per the market share of the microorganism, crop type. IGR- RESEARCH METHOD AND DATA TRIANGULATION
SECONDARY SOURCES
Infinium's Data Bank/ Know How
Top executives of end-use industries Intermediaries
C-level executives in the leading manufacturing product of biofertilizers. Product managers Sales managers Industry consultants Distributors/Suppliers
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Industry Publications Government Agencies' Publications Industry news Data sources
Annual Reports Presentations Company Websites Press Releases News Articles Journals Paid Databases
Secondary Research
DATA TRIANGULATION & INFORMATION SOURCES
Company Publication
Supply Side
Primary Research
General Publications
Demand Side
PRIMARY SOURCES
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Biofertilizers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
The market size of biofertilizers is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the biofertilizers market. The primary interview participants typically includes managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the biofertilizers market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the biofertilizers market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of biofertilizers. With the help of primary interviews and secondary research the market size of biofertilizers is determined for each country studied, which then is added to arrive at regional market size and there by obtaining global market size. This in turn helps us to validate the market size of biofertilizers in the world market. Executive Summary Global Biofertilizers Market Highlights, (USD Million)
The global biofertilizers market is expected to grow at a CAGR of 13.5 % between 2018 and 2024 in terms of value. Increasing adoption of bio fertilizers in soil fertility management activities is driving the bio fertilizers market. Additionally, rising environment awareness and increasing demand for organic foods is anticipated to fuel the biofertilizers market over the upcoming years. However, the conventional method is highly dependent upon pesticides and chemical fertilizers that are primarily used to increase the yield of the crop .Hence this directly harms the environment causing pollution, which is anticipated to be the factor restraining the growth of the bio fertilizers market. Furthermore, farmers have started using bio fertilizers as a replacement to chemical fertilizers as it helps in sustaining the nutrient generation cycle of the soil. This in turn is creating huge growth opportunities in the development for bio fertilizers, especially in cereal & grain cultivation. Among the geographies, North America is anticipated to be the largest market in bio fertilizers followed by Europe. Moreover, the European Common Agricultural Policy Š Infinium Global Research
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Biofertilizers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
stimulates the use of bio-based products along with organic farming and provides up to 30% of the budget as direct green payment to farmers with supportable agricultural practices. Moreover, the government of India has introduced the National Mission of Sustainable Development (NMSA) to promote the use of bio-based products in this country. On the other hand, rising awareness regarding hazards associated with chemical fertilizers and atmospheric pollution has resulted in the high consumption of products in the North American market. Owing to the overall advancements and increase in population market for bio fertilizers is expected to flourish in the Asia Pacific regions over the years to come. The leading players in the global biofertilizers market include National Fertilizers Ltd, Antibiotice S.A., Growing Power Hairy Hill, Lallemand Inc., Nutramax Laboratories Inc, Labiofam Grupo Empreserial, AgriLife, Mapleton Agri Biotech Private Ltd, Biomax, and Rizobacter Argentina S.A.
GLOBAL BIOFERTILIZERS MARKET, 2016 - 2024 (USD MILLION)
2016
2017
2018
2019
2020
2021
2022
2023
2024
Value
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Biofertilizers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
Market Overview & Competitiveness DRO Analysis
DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global biofertilizers market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the biofertilizers market. Drivers refer to the factors that are expected to drive or boost the market size or demand for biofertilizers. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of biofertilizers market both in short run and long run. DRIVERS OF BIOFERTILIZERS MARKET, IMPACT ANALYSIS SHORT TERM IMPACT
DRIVERS
MID TERM IMPACT
LONG TERM IMPACT
Driver 1 Driver 2 Driver 3
HIGH
MEDIUM
LOW
RESTRAINTS OF BIOFERTILIZERS MARKET, IMPACT ANALYSIS SHORT TERM IMPACT
RESTRAINTS
MID TERM IMPACT
LONG TERM IMPACT
Restraint 1
Restraint 2
HIGH
MEDIUM
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Biofertilizers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
IGR- Growth Matrix Analysis
Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the Microorganism segment and Device segment or region based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers Risky Zone: Low market size and low growth rate. Investment in this segment is risky Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new Microorganism developments can be used as marketing strategies to consolidate the market in these segments. Opportunity Zone: High growth low market size Safe Zone: Moderate growth and moderate market size.
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Biofertilizers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
IGR- GROWTH MATRIX ANALYSIS Growth Rate
Opportunity Zone
Consolidation Zone
High
Low
Risky Zone
Retention Zone Market Size Low
High North America
Europe
Asia-Pacific
RoW
GLOBAL BIOFERTILIZERS MARKET BY CROP TYPE, 2017- 2024 (REVENUE % SHARE) 2017
2024
Cereals & Grains
Fruits & Vegetables
Pulses & Oilseeds
Others
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Biofertilizers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
GLOBAL BIOFERTILIZERS MARKET BY CROP TYPE, 2016 - 2024 (USD MILLION)
2016
2017 Cereals & Grains
2018 Fruits & Vegetables
Pulses & Oilseeds
2024 Others
GLOBAL CEREALS & GRAINS MARKET BY REGION, 2016 - 2024 (USD MILLION)
2016
2017 North America
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2018 Europe
Asia-Pacific
2024
RoW
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Biofertilizers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
GLOBAL FRUITS & VEGETABLES MARKET BY REGIONS, 2016 - 2024 (USD MILLION)
2016
2017 North America
2018 Europe
Asia-Pacific
2024
RoW
GLOBAL PULSES & OILSEEDS MARKET BY REGIONS, 2016 - 2024 (USD MILLION)
2016
2017 North America
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2018 Europe
Asia-Pacific
2024
RoW
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Biofertilizers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
GLOBAL OTHERS MARKET BY REGIONS, 2016 - 2024 (USD MILLION)
2016
2017 North America
2018 Europe
Asia-Pacific
2024
RoW
GLOBAL BIOFERTILIZERS MARKET BY REGION, 2017- 2024 (REVENUE % SHARE)
2017
2024
North America
Europe
Asia-Pacific
RoW
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Biofertilizers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
GLOBAL BIOFERTILIZERS MARKET BY REGION, 2016 - 2024 (USD MILLION)
2016
2017
2018
North America
Europe
Asia-Pacific
2024
RoW
NORTH AMERICA BIOFERTILIZERS MARKET BY CROP TYPE, 2016 - 2024 (USD MILLION)
2016
2017 Cereals & Grains
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2018 Fruits & Vegetables
Pulses & Oilseeds
2024 Others
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Biofertilizers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
Company Profiling National Fertilizers Ltd
National Fertilizers Ltd CONTACT DETAILS: Address: A-11, Sector-24 Noida, 201301 India Tele: 91 12 0241 2294 Website: www.nationalfertilizers.com
KEY FEATURES: No. of Employees: more than xx No. of countries of operation: xx
SWOT ANALYSIS: STRENGHTS Sample text Sample text
OPPORTUNITIES Sample text Sample text
WEAKNESS Sample text Sample text
THREATS Sample text Sample text
PRODUCT PORTFOLIO: Product 1 Product 2 Product 3
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