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Global Biofertilizers Market Expected to Reach USD6.61 BN By Forecast Year 2028 | Stratistics Market Research Consulting

Global Biofertilizers Market Expected to Reach USD6.61 BN By Forecast Year 2028 | Stratistics Market Research ConsultingBiofertilizers market Data And Industry Growth Analysis | Stratistics Market Research ConsultingBiofertilizers Market size is expected to grow from US $ 2.33 BN in 2020 to US $ 6.61 BN by 2028, at a CAGR of 13.9%.

The market report “Biofertilizers Market by Types (Plant Growth Promoting Biofertilizers, Nitrogen Fixing Biofertilizers, Potassium Solublizing and Mobilizing Biofertilizers, Phosphate Solublizing and Mobilizing Biofertilizers, Compost Biofertilizers, and Other Types), Crop Types (Cereals & Grains, Fruits & Vegetables, Pulses & Oilseeds, Plantation Crops, Legumes, Cash Crops, and Other Crop Types), Modes of Application (Soil Treatment, Seed Treatment, Land Treatment, Set Treatment, and Other Modes of Application), Forms (Pure and Mixed Liquid Fermentations, Solid/Dry, Powder, Pellet, Dispersible Granule, and Carrier-Based), Microorganisms (Rhizobium, Azotobacter, Phosphate Solubilizing Bacteria, Cyanobacter/Blue-green Algae, Azospirillum, Bacillus, Aulosira, Pseudomonas, Azolla, Vesicular-Arbuscular Mycorrhiza (VAM), and Other Microorganisms) and Region – Forecast to 2028”. The Biofertilizers market is growing at a CAGR of 13.9% by 2028, owing to the need for improving soil organic matter.

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Latest published market study on Worldwide Biofertilizers Market provides an overview of the current market dynamics in the Worldwide Biofertilizers , as well as what our survey respondents—all outsourcing decision-makers—predict the market will look like in 2028. The study breaks market by revenue and volume (wherever applicable) and price history to estimates size and trend analysis and identifying gaps and opportunities.

The recent research publication on Worldwide Biofertilizers market provides insights about evolution of the competitive environment, the lifecycle stage and opportunities. The survey with Worldwide Biofertilizers investors & stakeholders in this sector, from APAC, EMEA and the Americas, reveals information such as large-scale projects with regulatory environments by country, Subsidies, tax incentives and direct investment. Along with this activity comes a stream of Worldwide Biofertilizers  M&A activity and growth, as producers strive to stay ahead of the curve.

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Based on type, the nitrogen fixing biofertilizers segment is estimated to grow at highest CAGR segment during the study period.On the basis of type, the market is categorised into plant growth promoting biofertilizers, nitrogen fixing biofertilizers, potassium solublizing and mobilizing biofertilizers, phosphate solublizing and mobilizing biofertilizers, compost biofertilizers, and other types. Nitrogen fixing biofertilizers segment is estimated to be the fastest growing market segment strongly driven by its ability to convert nitrogen into organic compounds.

By geography, Asia Pacific is expected to dominate the marketOn the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is experiencing a dominant position in the biofertilizers market.The regional market growth is mainly attributed to the increased practice of organic farming. The governments in the region are providing subsidies and other financial support to farmers to promote organic farming.

The key players in this market are Novozymes A/S, Chr. Hansen Holding A/S, National Fertilizers Limited, Kiwa Bio-Tech, Vegalab S.A, Nutramax Laboratories, Inc., Rhizobacter Argentina S.A., Madras Fertilizers Limited, Mapleton Agri Biotech Pt Ltd, Lallemand Inc., Kan Biosys, T.Stanes & Company Limited, International Panaacea Limited, Biomax Naturals, Somphytopharma India Limited, Criyagen, Aumgene Biosciences, and Symborg.

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