Asia Pacific Biofertilizers Market Size & Outlook
Asia Pacific biofertilizers market, 2018-2030 (US$M)
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Asia Pacific biofertilizers market highlights
- The Asia Pacific biofertilizers market generated a revenue of USD 351.5 million in 2023.
- The market is expected to grow at a CAGR of 0.6% from 2024 to 2030.
- In terms of segment, nitrogen fixation was the largest revenue generating product in 2023.
- Phosphate Solubilizing is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 351.5 million |
| Market revenue in 2030 | USD 365.5 million |
| Growth rate | 0.6% (CAGR from 2023 to 2030) |
| Largest segment | Nitrogen fixation |
| Fastest growing segment | Phosphate Solubilizing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nitrogen Fixation, Phosphate Solubilizing |
| Key market players worldwide | Novo Holdings, Bioceres Crop Solutions Corp, Lallemand, National Industrial, AgriLife, BIOMAX, Symborg, Antibiotice, Labofarm, Sigma AgriScience, Agrinos Inc., Kiwa Bio-Tech Products Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.1% of the global biofertilizers market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 360.1 million by 2030.
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Biofertilizers Market Scope
Biofertilizers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific biofertilizers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biofertilizers market will help companies and investors design strategic landscapes.
Nitrogen fixation was the largest segment with a revenue share of 58.52% in 2024. Horizon Databook has segmented the Asia Pacific biofertilizers market based on nitrogen fixation, phosphate solubilizing covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is one of the largest and the fastest-growing regions with a volumetric growth rate of 13.1% from 2020 to 2027. The region has been a cumulation of the largest agrarian countries including Thailand, Japan, India, Indonesia, the Philippines, and other agricultural-based economies.
In terms of organic agricultural practices, 21 countries in Asia Pacific have implemented organic harvesting national standards and regulations, with 5 other Asian countries, which include Nepal, Bangladesh, Pakistan, Kyrgyzstan, and Jordan, are in the process of drafting such regulations.
As of 2017, Asia Pacific comprised over 9% of the worldwide organic farming land, out of which arable crops consumed over 45% of the total farming land area, followed by permanent crops with a share of 18%.
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Our clientele includes a mix of biofertilizers market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific biofertilizers market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific biofertilizers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific biofertilizers market size, by country, 2018-2030 (US$M)
Asia Pacific Biofertilizers Market Outlook Share, 2024 & 2030 (US$M)
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