The global biofertilizer market was worth more than US$ 1.75 Billion in 2018, growing at a CAGR of around 14.3% during 2011-2018. Biofertilizers are made from biological waste that contains living microorganisms. Unlike chemical fertilizers, which offer direct nutrition to the plant, biofertilizers help in improving the overall soil fertility. The microorganisms present in these fertilizers decompose organic matter and breakdown complex minerals for easy absorption by plants. This process enriches the soil with nutrients, which in turn promotes healthy plant growth. Moreover, biofertilizers do not allow pathogens to grow, which helps in preventing crop diseases. The several advantages offered by biofertilizers over their chemical counterparts have led to their rapid adoption in the agriculture sector.
Although the penetration of biofertilizers is still at a nascent stage, both the developing and emerging markets are expected to provide numerous growth opportunities over the next few years. The understanding of the environmental hazards caused by the use of synthetic agrichemicals, primarily the pollution and contamination of the soil and the food chain, has pushed the demand for biological products. Apart from this, growing health concerns have also urged people to adopt organic foods and other agricultural products. Another major factor driving the sales of biofertilizers is the increasing implementation of favorable regulatory policies by various governments. On account of these factors, IMARC Group estimates the market value to reach US$ 2.65 Billion by 2024, at a CAGR of 12.1% during 2019-2024.
Breakup by Type:
- Nitrogen-fixing biofertilizers
- Phosphate-fixing biofertilizers
- Others
Currently, nitrogen-fixing biofertilizers, such as rhizobium, azotobacter, and azospirillum account for the majority of the market share. On the other hand, phosphate-fixing biofertilizers are expected to witness rapid growth over the next few years.
Breakup by Crop:
- Cereals and grains
- Pulses and oilseeds
- Fruits and vegetables
- Others
At present, cereals and grains represent the dominant crop segment. Biofertilizers are widely used for effective production of different cereals and grains, such as wheat, oats, and rice, as they aid in enhancing their yield under poor land conditions.
Breakup by Microorganism:
- Cyanobacter
- Rhizobium
- Phosphate Solubilizing Bacteria
- Azotobacter
- Others
Among these, cyanobacter is the leading microorganism segment. Cyanobacter-based biofertilizers offer reduced input cost, increase the bioavailability of phosphorus, and help in nutrient cycling as well as nitrogen fixation.
Breakup by Mode of Application:
- Seed treatment
- Soil treatment
- Others
Seed treatment is the most preferred mode of application as it protects the seeds from pathogens and insects and enhances seedling establishment and early plant growth. In addition, it is more cost-effective and user-friendly as compared to the other modes.
Regional Insights:
- Asia Pacific
- North America
- Europe
- Others
On the geographical front, Asia Pacific is the largest market, holding the dominant market share. The growing emphasis on organic agriculture, coupled with the high population, is the primary factor driving the demand for biofertilizers in the region.
Competitive Landscape:
The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
- Novozymes A/S
- National Fertilizers Limited
- Madras Fertilizers Limited
- Gujarat State Fertilizers & Chemicals Ltd.
- Rizobacter Argentina S.A.
- T.Stanes & Company Limited
- Camson Bio Technologies Limited
- Rashtriya Chemicals & Fertilizers Ltd.
- Lallemand Inc.
- Nutramax Laboratories, Inc.
Key Questions Answered in This Report:
- How has the biofertilizers market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global biofertilizers industry?
- What are the various product types in the global biofertilizers industry?
- What are the several crop types in the global biofertilizers industry?
- What are the major microorganisms in the global biofertilizers industry?
- What are the price trends of biofertilizers?
- What are the various stages in the value chain of the biofertilizers industry?
- What are the key driving factors and challenges in the biofertilizers industry?
- What is the structure of the biofertilizers industry and who are the key players?
- What is the degree of competition in the biofertilizers industry?
- What are the profit margins in the biofertilizers industry?
- What are the key requirements for setting up a biofertilizer manufacturing plant?
- How are biofertilizers manufactured?
- What are the various unit operations involved in a biofertilizer manufacturing plant?
- What is the total size of land required for setting up a biofertilizer manufacturing plant?
- What are the machinery requirements for setting up a biofertilizer manufacturing plant?
- What are the raw material requirements for setting up a biofertilizer manufacturing plant?
- What are the packaging requirements for biofertilizers?
- What are the transportation requirements for biofertilizers?
- What are the utility requirements for setting up a biofertilizer manufacturing plant?
- What are the manpower requirements for setting up a biofertilizer manufacturing plant?
- What are the infrastructure costs for setting up a biofertilizer manufacturing plant?
- What are the capital costs for setting up a biofertilizer manufacturing plant?
- What are the operating costs for setting up a biofertilizer manufacturing plant?
- What will be the income and expenditures for a biofertilizer manufacturing plant?
- What is the time required to break-even?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Biofertilizer Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Price Analysis
5.3.1 Key Price Indicators
5.3.2 Price Structure
5.3.3 Price Trends
5.4 Market Breakup by Region
5.5 Market Breakup by Type
5.6 Market Breakup by Crop
5.7 Market Breakup by Microorganism
5.8 Market Breakup by Mode of Application
5.9 Market Forecast
5.10 SWOT Analysis
5.10.1 Overview
5.10.2 Strengths
5.10.3 Weaknesses
5.10.4 Opportunities
5.10.5 Threats
5.11 Value Chain Analysis
5.11.1 Overview
5.11.2 Research and Development
5.11.3 Raw Material Procurement
5.11.4 Manufacturing
5.11.5 Marketing
5.11.6 Distribution
5.11.7 End-Use
5.12 Porter’s Five Forces Analysis
5.12.1 Overview
5.12.2 Bargaining Power of Buyers
5.12.3 Bargaining Power of Suppliers
5.12.4 Degree of Competition
5.12.5 Threat of New Entrants
5.12.6 Threat of Substitutes
5.13 Key Market Drivers and Success Factors
6 Performance of Key Regions
6.1 Asia Pacific
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 North America
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Europe
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Type
7.1 Nitrogen-Fixing Biofertilizers
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Phosphate-Fixing Biofertilizers
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Crop
8.1 Cereals and Grains
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Pulses and Oilseeds
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Fruits and Vegetables
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Microorganism
9.1 Cyanobacter
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Rhizobium
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Phosphate Solubilizing Bacteria
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Azotobacter
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Mode of Application
10.1 Seed Treatment
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Soil Treatment
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Others
10.3.1 Market Trends
10.3.2 Market Forecast
11 Competitive Landscape
11.1 Market Structure
11.2 Key Player
12 Biofertilizer Manufacturing Process
12.1 Product Overview
12.2 Detailed Process Flow
12.3 Various Types of Unit Operations Involved
12.4 Mass Balance and Raw Material Requirements
13 Project Details, Requirements and Costs Involved
13.1 Land Requirements and Expenditures
13.2 Construction Requirements and Expenditures
13.3 Plant Layout
13.4 Plant Machinery
13.5 Raw Material Requirements and Expenditures
13.6 Packaging Requirements and Expenditures
13.7 Transportation Requirements and Expenditures
13.8 Utility Requirements and Expenditures
13.9 Manpower Requirements and Expenditures
13.10 Other Capital Investments
14 Loans and Financial Assistance
15 Project Economics
15.1 Capital Cost of the Project
15.2 Techno-Economic Parameters
15.3 Product Pricing and Margins Across Various Levels of the Supply Chain
15.4 Taxation and Depreciation
15.5 Income Projections
15.6 Expenditure Projections
15.7 Financial Analysis
15.8 Profit Analysis
16 Key Player Profiles
16.1 Novozymes A/S
16.2 National Fertilizers Limited
16.3 Madras Fertilizers Limited
16.4 Gujarat State Fertilizers & Chemicals Ltd.
16.5 Rizobacter Argentina S.A.
16.6 T.Stanes & Company Limited
16.7 Camson Bio Technologies Limited
16.8 Rashtriya Chemicals & Fertilizers Ltd.
16.9 Lallemand Inc.
16.10 Nutramax Laboratories
List of Figures
Figure 1: Global: Biofertilizer Market: Major Drivers and Challenges
Figure 2: Global: Biofertilizer Market: Volume Trends (in Million Tons), 2011 - 2018
Figure 3: Global: Biofertilizer Market: Value Trends (in Billion US$), 2011 - 2018
Figure 4: Global: Biofertilizer Market: Average Prices (in US$/Ton), 2011 - 2018
Figure 5: Biofertilizer Market: Price Structure (US$/Ton)
Figure 6: Global: Biofertilizer Market: Breakup by Region (in %), 2018
Figure 7: Global: Biofertilizer Market: Breakup by Type (in %), 2018
Figure 8: Global: Biofertilizer Market: Breakup by Crop (in %), 2018
Figure 9: Global: Biofertilizer Market: Breakup by Microorganism (in %), 2018
Figure 10: Global: Biofertilizer Market: Breakup by Mode of Application (in %), 2018
Figure 11: Global: Biofertilizer Market Forecast: Volume Trends (in Million Tons), 2019-2024
Figure 12: Global: Biofertilizer Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 13: Global: Biofertilizer Industry: SWOT Analysis
Figure 14: Global: Biofertilizer Industry: Value Chain Analysis
Figure 15: Global: Biofertilizer Industry: Porter’s Five Forces Analysis
Figure 16: Asia Pacific: Biofertilizer Market (in Million US$), 2011 & 2018
Figure 17: Asia Pacific: Biofertilizer Market Forecast (in Million US$), 2019-2024
Figure 18: North America: Biofertilizer Market (in Million US$), 2011 & 2018
Figure 19: North America: Biofertilizer Market Forecast (in Million US$), 2019-2024
Figure 20: Europe: Biofertilizer Market (in Million US$), 2011 & 2018
Figure 21: Europe: Biofertilizer Market Forecast (in Million US$), 2019-2024
Figure 22: Others: Biofertilizer Market (in Million US$), 2011 & 2018
Figure 23: Others: Biofertilizer Market Forecast (in Million US$), 2019-2024
Figure 24: Global: Nitrogen-Fixing Biofertilizers Market: Value Trend (in Million US$), 2011 & 2018
Figure 25: Global: Nitrogen-Fixing Biofertilizers Market Forecast: Value Trend (in Million US$), 2019-2024
Figure 26: Global: Phosphate-Fixing Biofertilizers Market: Value Trend (in Million US$), 2011 & 2018
Figure 27: Global: Phosphate-Fixing Biofertilizers Market Forecast: Value Trend (in Million US$), 2019-2024
Figure 28: Global: Other Biofertilizers Market: Value Trend (in Million US$), 2011 & 2018
Figure 29: Global: Other Biofertilizers Market Forecast: Value Trend (in Million US$), 2019-2024
Figure 30: Global: Biofertilizer Market (Cereals and Grains): Value Trend (in Million US$), 2011 & 2018
Figure 31: Global: Biofertilizer Market Forecast (Cereals and Grains): Value Trend (in Million US$), 2019-2024
Figure 32: Global: Biofertilizer Market (Pulses and Oilseeds): Value Trend (in Million US$), 2011 & 2018
Figure 33: Global: Biofertilizer Market Forecast (Pulses and Oilseeds): Value Trend (in Million US$), 2019-2024
Figure 34: Global: Biofertilizer Market (Fruits and Vegetables): Value Trend (in Million US$), 2011 & 2018
Figure 35: Global: Biofertilizer Market Forecast (Fruits and Vegetables): Value Trend (in Million US$), 2019-2024
Figure 36: Global: Biofertilizer Market (Other Crop Types): Value Trend (in Million US$), 2011 & 2018
Figure 37: Global: Biofertilizer Market Forecast (Other Crop Types): Value Trend (in Million US$), 2019-2024
Figure 38: Global: Biofertilizer Market (Cyanobacter): Value Trend (in Million US$), 2011 & 2018
Figure 39: Global: Biofertilizer Market Forecast (Cyanobacter): Value Trend (in Million US$), 2019-2024
Figure 40: Global: Biofertilizer Market (Rhizobium): Value Trend (in Million US$), 2011 & 2018
Figure 41: Global: Biofertilizer Market Forecast (Rhizobium): Value Trend (in Million US$), 2019-2024
Figure 42: Global: Biofertilizer Market (Phosphate Solubilizing Bacteria): Value Trend (in Million US$), 2011 & 2018
Figure 43: Global: Biofertilizer Market Forecast (Phosphate Solubilizing Bacteria): Value Trend (in Million US$), 2019-2024
Figure 44: Global: Biofertilizer Market (Azotobacter): Value Trend (in Million US$), 2011 & 2018
Figure 45: Global: Biofertilizer Market Forecast (Azotobacter): Value Trend (in Million US$), 2019-2024
Figure 46: Global: Biofertilizer Market (Other Microorganism): Value Trend (in Million US$), 2011 & 2018
Figure 47: Global: Biofertilizer Market Forecast (Other Microorganism): Value Trend (in Million US$), 2019-2024
Figure 48: Global: Biofertilizer Market (Seed Treatment): Value Trend (in Million US$), 2011 & 2018
Figure 49: Global: Biofertilizer Market Forecast (Seed Treatment): Value Trend (in Million US$), 2019-2024
Figure 50: Global: Biofertilizer Market (Soil Treatment): Value Trend (in Million US$), 2011 & 2018
Figure 51: Global: Biofertilizer Market Forecast (Soil Treatment): Value Trend (in Million US$), 2019-2024
Figure 52: Global: Biofertilizer Market (Other Treatment): Value Trend (in Million US$), 2011 & 2018
Figure 53: Global: Biofertilizer Market Forecast (Other Treatment): Value Trend (in Million US$), 2019-2024
Figure 54: Biofertilizer Manufacturing Plant: Detailed Process Flow
Figure 55: Biofertilizer Manufacturing: Conversion Rate of Feedstocks
Figure 56: Biofertilizer Manufacturing Plant: Proposed Plant Layout
Figure 57: Biofertilizer Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 58: Biofertilizer Industry: Profit Margins at Various Levels of the Supply Chain
Figure 59: Biofertilizer Production: Manufacturing Cost Breakup (in %)
List of Tables
Table 1: Global: Biofertilizer Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Biofertilizer Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 3: Global: Biofertilizer Market Forecast: Breakup by Type (in Million US$), 2019-2024
Table 4: Global: Biofertilizer Market Forecast: Breakup by Crop (in Million US$), 2019-2024
Table 5: Global: Biofertilizer Market Forecast: Breakup by Microorganism (in Million US$), 2019-2024
Table 6: Global: Biofertilizer Market Forecast: Breakup by Mode of Application (in Million US$), 2019-2024
Table 7: Global: Biofertilizer Market: Competitive Structure
Table 8: Global: Biofertilizer Market: Key Players
Table 9: Biofertilizer Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 10: Biofertilizer Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 11: Biofertilizer Manufacturing Plant: Costs Related to Machinery (in US$)
Table 12: Biofertilizer Manufacturing Plant: Raw Material Requirements
Table 13: Biofertilizer Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 14: Biofertilizer Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 15: Biofertilizer Manufacturing Plant: Details of Financial Assistance Offered by Financial Institutions
Table 16: Biofertilizer Manufacturing Plant: Capital Costs (in US$)
Table 17: Biofertilizer Manufacturing Plant: Techno-Economic Parameters
Table 18: Biofertilizer Manufacturing Plant: Taxation and Depreciation (in US$)
Table 19: Biofertilizer Manufacturing Plant: Income Projections (in US$)
Table 20: Biofertilizer Manufacturing Plant: Expenditure Projections (in US$)
Table 21: Biofertilizer Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 22: Biofertilizer Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 23: Biofertilizer Manufacturing Plant: Profit and Loss Account (in US$)