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Global Biofertilizer Market to Reach 3340 M US$ by 2024, Increasing at a CAGR of 8.8%

Biofertilizer has a low concentration. The top five companies account for more than 12.56 % of market share. Novozymes, Agri Life, Symborg, xi’an Delong Bio-industry and Maboshi are the tycoons of Biofertilizer. Novozymes is the largest manufacturer, with the market share of 3.98% in 2015.

In terms of application, biofertilizer can be applied in cereals & grains, pulses & oilseeds, fruits & vegetables and other. Pulses & oilseeds accounted for the largest market with about 44.33% of the global consumption for biofertilizer in 2015.

The worldwide market for Biofertilizer is expected to grow at a CAGR of roughly 8.8% over the next five years, will reach 3340 million US$ in 2024, from 2190 million US$ in 2019.

Market share of global Biofertilizer industry is dominate by companies like Novozymes, Biomax, Rizobacter, Agri Life, Symborg, National Fertilizers Limited, Batian, Xi’an Delong Bio-Industry, Maboshi, Fertilzer King, Jinggeng Tianxia, Taigu Biological, Taibao Biological, Genliduo Bio-Tech, Beijing Leili Group, Qingdong Nongke, Yunye, Aokun Biological, Xinjiang Starseed Science And Technology, Laimujia and others which are profiled in this report as well in terms of Sales, Price, Revenue, Gross Margin and Market Share (2017-2018). Access Report Details at: https://www.themarketreports.com/report/global-biofertilizer-market-by-manufacturers-regions-type-and-application-forecast

Market Segment by Regions, regional analysis covers:

  • North America (USA, Canada and Mexico)
  • Europe (Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Columbia, etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers:

  • Nitrogen-fixing
  • Phosphate-solubilizing
  • Potash-mobilizing
  • Others

Market Segment by Applications, can be divided into

  • Cereals & Grains
  • Pulses & Oilseeds
  • Fruits & Vegetables
  • Others

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With the help of 15 chapters spread over 100 pages this report describe Biofertilizer Introduction, product scope, market overview, market opportunities, market risk, and market driving force. Later it provide top manufacturers sales, revenue, and price of Biofertilizer, in 2017 and 2018 followed by regional and country wise analysis of sales, revenue and market share. Added to above, the important forecasting information by regions, type and application, with sales and revenue from 2019 to 2024 is provided in this research report. At last information about Biofertilizer sales channel, distributors, traders, dealers, and research findings completes the global Biofertilizer market research report.

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