Biofertilizers Market Expansion: Key Players and Future Trends Shaping the Industry
The global biofertilizers market was valued at USD 2.8 billion in 2022 and is projected to grow to USD 5.2 billion by 2028, registering a CAGR of 10.9% during the forecast period. The market’s expansion is driven by the increasing availability of farmland worldwide. According to FiBL, organic farmland reached 76 million hectares in 2021. Rising concerns about environmental health and the adverse...
Biofertilizers Market: Growth Opportunities and Recent Developments
The report “Biofertilizers Market by Form (Liquid, Carrier-Based), Mode of Application (Soil Treatment, Seed Treatment), Crop Type, Type (Nitrogen-Fixing, Phosphate Solubilizing & Mobilizing, Potash Solubilizing & Mobilizing), Region – Global Forecast to 2025″ The biofertilizers market is projected to reach USD 3.8 billion by 2025, from USD 2.0 billion in 2019, recording...
Biofertilizers Market Insight | Key Players Include – Novozymes A/S, Lallemand Inc., Rizobacter Argentina S.A.
The biofertilizers market is projected to grow at a CAGR of 14.08% during the forecast period, to reach a projected value of USD 2,305.5 Million by 2022. The demand for biofertilizers is completely dependent on the growth of the fertilizer industry. Furthermore, the shrinking arable land, adoption of new technology, and the increasing willingness of farmers to spend more for higher productivity are...