Biofertilizers Market Size with COVID-19 impact | Global Analysis and Forecast by 2027
The global Biofertilizers market is studied in detail in the new report on Qualiket Research. The new report studies the Biofertilizers market by profiling its major driving factors and restraining factors, compiling a comprehensive database on the market’s historical growth trajectory and present conditions, and by using easy formulation of calculations and estimations through the use of industry-leading analytical tools and methods.
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Biofertilizers consists of living microorganisms which help in the growth of plants by increasing the supply of nutrients to it. Biofertilizers are used in natural cultivation which is expected to drive the global Biofertilizers market growth in near future. Nitrogen fixing fertilizers are widely used by farmers in production of various crops such as oilseed, and rice.
Market Drivers
Rise in usage of microbes in Biofertilizers for sustainable farming method & food safety is the key driving factor which is expected to boost the global Biofertilizers market growth. Furthermore, rise in concern related to food safety will have the positive impact on market growth. Moreover, increase in soil and water pollution due to excessive usage of chemical fertilizers will fuel the market growth. In addition to that, rise in support from government and launch of new programs to spread awareness about their benefits will propel the market growth.
Market Restraints
However, environmental and technological constraints are the major restraining factors which are expected to hamper the global Biofertilizers market growth. Also, poor infrastructure & high initial investments will affect the market growth.
Market Key Players
Various key players are discuseed in this report such as Novozymes A/S, Gujarat State Fertilizers & Chemicals Ltd, Rizobacter Argentina S.A., Rashtriya Chemicals & Fertilizers Limited, T. Stanes & Company Limited, National Fertilizers Limited, Madras Fertilizers Limited,  International Panaacea Limited, and  Lallemand Inc.
Market Taxonomy
By Product
- Phosphate Solubilizing
- Nitrogen Fixing
- Others
By Application
- Seed Treatment
- Soil Treatment
By Crop Type
- Oilseeds & Pulses
- Cereals & Grains
- Fruits & Vegetables
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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