Meticulous Research®, a leading global market research company, has published a new research report titled ‘Biofertilizers Market by Microorganism Type (Nitrogen-fixing Microbes {Rhizobia Bacteria}, Phosphate Solubilizing Microbes), Crop Type (Cereals & Grains, Oilseeds & Pulses), Mode of Application (Seed Treatment, Fertigation), Form - Global Forecast to 2029.’ According to this latest publication, the biofertilizers market is projected to reach $3.2 billion by 2029, growing at a CAGR of 11.5% from 2022 to 2029.
Key Drivers for Market Growth
The growth of this market is driven by several key factors:
• The expansion of organic farming practices.
• Increasing demand for organic food.
• Growing concerns regarding environmental safety.
• Increased government initiatives promoting the use of biofertilizers.
• Rising investments from leading market players.
• Growing adoption of biofertilizers in emerging economies.

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Report Scope and Segmentation
The report offers a detailed analysis of the biofertilizers market, segmented by:
• Microorganism Type: Nitrogen-fixing microbes, phosphate solubilizing & mobilizing microbes, potassium solubilizing & mobilizing microbes, and other microorganism types.
• Crop Type: Cereals & grains, oilseeds & pulses, fruits & vegetables, and other crop types.
• Mode of Application: Fertigation, foliar application, seed treatment, and other modes of application.
• Formulation: Dry biofertilizers and liquid biofertilizers.
Segment Highlights
• Microorganism Type: In 2022, the nitrogen-fixing microbes segment is expected to hold the largest share of the global biofertilizers market. The large market share of this segment is attributed to the hazards associated with chemical fertilizers, increased awareness about sustainable agriculture, and the adoption of advanced farming techniques.
• Crop Type: The oilseeds & pulses segment is projected to register the highest CAGR during the forecast period, driven by the rising demand for organic oilseeds & pulses, increasing organic cultivation area, and the growing popularity of plant-based foods.
• Mode of Application: In 2022, seed treatment is expected to account for the largest share of the global biofertilizers market. This segment's dominance is due to the advantages of seed treatment, such as improved seed germination, reduced incidence of foot and root rot, and enhanced phosphorous availability.
• Formulation: The liquid biofertilizers segment is projected to grow at the highest CAGR during the forecast period, due to benefits such as high efficiency, ease of use, cost-effectiveness, and uniform application.
For a detailed table of content and figures, click here
Regional Insights
The report provides comprehensive analysis across major geographies, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, North America is expected to hold the largest share of the global biofertilizers market, driven by the increasing demand for organic products, high health awareness, acceptance of biofertilizers among rural farmers, expanding organic cultivation areas, and the high adoption rate of advanced irrigation systems.
Key Players
Key players operating in the global biofertilizers market include AgriLife (India), American Vanguard Corporation (U.S.), Chr. Hansen Holding A/S (Denmark), IPL Biologicals Limited (India), Koppert B.V. (Netherlands), Lallemand Inc. (U.S.), Mapleton Agri Biotec Pt Ltd (Australia), National Fertilizers Limited (India), Novozymes A/S (Denmark), Rizobacter Argentina SA (Argentina), Symborg Corporate, SL (Spain), UPL Limited (India), and Vegalab SA (Switzerland).
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Key Questions Answered in the Report
• Which high-growth market segments exist based on microorganism type, crop type, mode of application, formulation, and region/country?
• What was the historical market size for biofertilizers globally?
• What are the market forecasts and estimates for 2022–2029?
• What are the major drivers, restraints, opportunities, and challenges in the global biofertilizers market?
• Who are the major players in the global biofertilizers market?
• What is the competitive landscape, and who are the market leaders?
• What are the recent developments in the global biofertilizers market?
• What are the geographical trends and high-growth regions/countries?
• Who are the emerging local players in the global biofertilizers market, and how do they compete with global players?

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