Japan Biofertilizer Market

Market Overview:

The Japan biofertilizer market size reached US$ 75.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 150.4 Million by 2028, exhibiting a growth rate (CAGR) of 12.3% during 2023-2028.

Biofertilizers are natural substances made from biological wastes containing microorganisms, such as bacteria, fungi, and cyanobacteria. They aid in increasing the fertility of soil and crops by supplying essential nutrients, including nitrogen and potassium, to the host plant. Biofertilizers can symbiotically associate with plant roots and convert complex organic material into simpler compounds, which, in turn, enriches the soil with organic matter and promotes plant growth. Biofertilizers also create unsuitable living conditions for pathogens, thereby resulting in the prevention of crop diseases. Apart from this, they are cost-effective and free from chemicals, on account of which, they are widely preferred over synthetic fertilizers.

Japan Biofertilizer Market Trends:

The widespread adoption of sustainable agriculture practices due to the rising environmental concerns are currently driving the Japan biofertilizer market growth. Additionally, the increasing health consciousness and significant shift toward organic and healthy foods are further escalating the product demand. In line with this, rice is the predominant crop grown in Japan that requires flooded soil. The increasing use of synthetic fertilizers has elevated the nitrogen levels of underground water, which is creating an unavoidable continuum of environmental hazards across the country. This, in turn, has prompted farmers to shift toward bio alternatives of fertilizers to improve yield. Other than this, the Government of Japan (GoJ) is undertaking several initiatives, such as farm-level extension and subsidies on sale and direct production, which is creating positive growth opportunities for the market. Moreover, various technological advancements, including strain improvement using genomic and biotechnological tools, for better nutrient fixation and plant growth are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Japan biofertilizer market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on type, crop, microorganism and mode of application.

Breakup by Type:

• Nitrogen-Fixing Biofertilizers
• Phosphate-Fixing Biofertilizers
• Others
   

Breakup by Crop:

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

Breakup by Microorganism:

• Cyanobacter
• Rhizobium
• Phosphate Solubilizing Bacteria
• Azotobacter
• Others
   

Breakup by Mode of Application:

• Seed Treatment
• Soil Treatment
• Others
   

Breakup by Region:

• Kanto Region
• Kinki Region
• Central/ Chubu Region
• Kyushu-Okinawa Region
• Tohoku Region
• Chugoku Region
• Hokkaido Region
• Shikoku Region
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage: