According to the latest report by IMARC Group, titled “Japan Biofertilizer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global Japan biofertilizer market is expected to exhibit a CAGR of 12.60% during 2022-2027. Biofertilizers are natural substances made from microorganisms, such as bacteria, fungi, and cyanobacteria found in biological waste. These substances contain a variety of microbes that can enhance plant nutrient uptake by colonizing the rhizosphere and making nutrients easily accessible to root hair. Nitrogen fixation and phosphorus solubilization are some of the natural processes that biofertilizers use to supply nutrients to plants. The use of biofertilizers helps restore the soil's natural nutrient cycle, increases soil organic matter, and creates unsuitable living conditions for pathogens, thus preventing and reversing crop diseases. In addition to being effective, biofertilizers are a safer and more environmentally friendly alternative to hazardous synthetic fertilizers.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Japan Biofertilizer Market Trends:
The market in Japan is majorly driven by the adoption of sustainable agriculture practices on account of the rising environmental concerns. In addition to this, a significant decline in arable land use per capita in Japan due to rapid urbanization is providing an impetus to the market. Additionally, the increasing pollution levels and contamination of soil and food chains caused by synthetic agrichemicals are resulting in the escalating demand for bio-based crop fertilizers. Additionally, the rising health consciousness among consumers resulting in a paradigm shift toward organic and healthy foods is propelling the market. Continual technological advancements, such as strain improvement using genomic and biotechnological tools, and nanotechnology-based microbial inoculants, are also positively impacting the market. Furthermore, favorable initiatives undertaken by the government of Japan, including farm-level extension and subsidies on sale and direct production, are creating a positive market outlook. Some of the other factors contributing to the market growth include the introduction of innovative product variants, such as bacterial biofilm carriers, a considerable rise in nitrogen levels of underground water due to synthetic fertilizers, and extensive research and development (R&D) activities.
- Based on the type, the market has been segmented into nitrogen-fixing biofertilizers, phosphate-fixing biofertilizers, and others.
- On the basis of the crop, the market has been divided into cereals and grains, pulses and oilseeds, fruits and vegetables, and others.
- Based on the microorganism, the market has been categorized into cyanobacter, rhizobium, phosphate solubilizing bacteria, azotobacter, and others.
- On the basis of the mode of application, the market has been classified into seed treatment, soil treatment, and others.
- On the geographical front, the market has been segregated into Kanto Region, Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, and Shikoku Region.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players.
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