The global biofertilizers market size was valued at USD 141.68 million in 2023 and is poised to grow at a significant CAGR of 14.08% during the forecast period 2024-30. It also includes market size and projection estimations for each of the five major regions from 2024 to 2030. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and is further split by nations and categories within each region. The research also includes factors and barriers to the Biofertilizers Market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
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The global Biofertilizers Market segmentation:
1) By Type: Phosphate-solubilizing, Nitrogen-fixing, Potash-mobilizing, Others (Sulphur-solubilizing biofertilizers boron, and zinc.
2) By Crop Type: Pulses & oilseeds, Cereals & grains, Fruits & vegetables, Others ( fiber crops, turf & ornamentals plantation crops, silage & forage crops.
3) By Microorganism: Azotobacter, Rhizobium, Azospirillum, Phosphate-solubilizing bacteria, Cyanobacteria, Others aulosira, nostoc Azolla, Anabaena, and tolypothrix.
4) By Application: Seed treatment, Soil treatment, Others (set treatment, foliar treatment, root dipping, and seedling root treatment.
The primary factors of the Biofertilizers Market drivers are t increase in demand for the organic food. The Biofertilizers Market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The Biofertilizers Market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the largest region in the Biofertilizers Market report, accounting for the highest share in 2022. It was followed by Asia Pacific, and then the other regions.
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The important profiles and strategies adopted by the Biofertilizers Market key players are Madras Fertilizers Limited (India), National Fertilizers Limited (India), Novozymes A/S (Denmark), Nutramax Laboratories Inc. (U.S.), Camson Bio Technologies Limited (India), Gujarat State Fertilizers & Chemicals Ltd. (India), Rizobacter Argentina S.A. (Argentina), T. Stanes & Company Limited (India), Rashtriya Chemicals & Fertilizers Ltd. (India), Lallemand Inc. (Canada) is covered here to help them in strengthening their place in the market.
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