According to Stratistics MRC, the Global Biofertilizers Market is accounted for $2.33 billion in 2020 and is expected to reach $6.61 billion by 2028 growing at a CAGR of 13.9% during the forecast period. Factors such as growing organic food industry, increase in awareness pertaining to the need for sustainability, and need for improving soil organic matter are driving the growth of the market. However, high initial investment is hampering the growth of the market.
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Based on the monitoring process, the online condition monitoring segment is going to have lucrative growth during the forecast period as it is an advanced monitoring process and provides real-time plant data to operators, resulting in its higher adoption. Online vibration monitoring systems have applications in industries where a 24-hour production is required. By geography, North America is going to have high growth during the forecast period owing to the implementation of automation technologies in the factories and penetration of the smart factories, increasing expansions of the manufacturing industries in Canada and the rise in the expansion of production plants with automation.
Types Covered:
• Plant Growth Promoting Biofertilizers
• Nitrogen Fixing Biofertilizers
• Potassium Solublizing and Mobilizing Biofertilizers
• Phosphate Solublizing and Mobilizing Biofertilizers
• Compost Biofertilizers
• Other Types
Crop Types Covered:
• Cereals & Grains
• Fruits & Vegetables
• Pulses & Oilseeds
• Plantation Crops
• Legumes
• Cash Crops
• Other Crop Types
Modes of Application Covered:
• Soil Treatment
• Seed Treatment
• Land Treatment
• Set Treatment
• Other Modes of Application
Forms Covered:
• Pure and Mixed Liquid Fermentations
• Solid/Dry
• Powder
• Pellet
• Dispersible Granule
• Carrier-Based
Microorganisms Covered:
• Rhizobium
• Azotobacter
• Phosphate Solubilizing Bacteria
• Cyanobacter/Blue-green Algae
• Azospirillum
• Bacillus
• Aulosira
• Pseudomonas
• Azolla
• Vesicular-Arbuscular Mycorrhiza (VAM)
• Other Microorganisms
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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