Biofertilizers Market Size, Share & Trends Analysis Report By Product (Nitrogen Fixing, Phosphate Solubilizing, Others), By Application, By Crop Type, By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the biofertilizers market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for biofertilizers market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of biofertilizers market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Biofertilizers Market Categorization:

The biofertilizers market was categorized into four segments, namely product (Nitrogen Fixing, Phosphate Solubilizing), application (Seed Treatment, Soil Treatment), crop type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).

Segment Market Methodology:

The biofertilizers market was segmented into product, crop type, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The biofertilizers market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twelve countries, namely, the U.S.; Canada; Mexico; Germany; the UK; France; Italy; China; India; Japan; Brazil; Argentina.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Biofertilizers market companies & financials:

The biofertilizers market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• CBF China Bio-Fertilizer AG - CBF China Bio-Fertilizer AG is a Germany-based holding group that sells biofertilizers through its fully-owned subsidiary Shandong Chengwu Jiuzhou Science & Technology Development Company Limited. Biofertilizers offered by the company are marketed in two forms, liquid and powder. The products are directly sold to agricultural co-operatives, distributors, and plantations under the Xin Sheng Li brand name. The company’s products are used to increase the crop yield and to reduce the use of conventional fertilizers. It is licensed by the Ministry of Agriculture of the Government of China.

• Novozymes A/S - Novozymes A/S is a Denmark-based biotechnology company that is involved in the research, development, production, and sales of industrial enzymes, biopharmaceutical ingredients, and microorganisms. The business segments of the company include household care, food & beverages, bioenergy, agriculture & feed, and technical & pharma. The company is also a part of The BioAg Alliance with Monsanto, which works toward the development of better products derived from natural products. Novozymes has operations in China, India, Brazil, Argentina, the UK, the U.S., and Canada.

• AgriLife - AgriLife is a research-oriented agri-biotech manufacturing firm. It is involved in manufacturing biofertilizers, biopesticides, biostimulants, and other agricultural inputs. The company has over 108 products approved for their application in organic agriculture. It entered into a technical advisory arrangement with the National Centre for Industrial Microbes, which is a part of the National Chemical Laboratory (Pune). The company also works closely with the Department of Biochemistry of Osmania University, the Centre for Cellular & Molecular Biology, and the National Institute for Nutrition. It is also working with Intox laboratories (Pune) and the Indian Council of Agricultural Research for the development of biofertilizers. The company’s manufacturing facility is located in IDA Bollaram, Medak district near Hyderabad, India.

• Mapleton Agri Biotec - Mapleton Agri Biotech Private Ltd. is a biotechnology company that is involved in the productive and sustainable development of farming systems across the world. The company’s main focus is to increase the nutritional value of the crops with the help of natural products or biological organisms. It aims to continue its work toward developing higher-grade products to provide profitable and sustainable agriculture. The company provides a variety of products to farmers and distributors across the UK, Australia, the U.S., South Africa, Turkey, many EU countries, various countries of South America, and some countries in East Africa.

• Biomax - Biomax is a manufacturer, supplier, and trader of agricultural products such as biofertilizers, soil inoculants, phytochemicals, and foliar fertilizers. The company believes in providing green technology and safeguarding the environment; therefore, it focuses on natural products that are of plant or microbial origin. The company offers a wide range of environment-friendly products for plant care, healthcare, and earth care. It provides biofertilizers for horticulture, agriculture, floriculture, home gardens, and greenhouses. It is also engaged in the food & beverage industry, textile processing industry, dairy & poultry farms, and nutraceuticals industry. The company is also involved in marketing industrial equipment and in manufacturing & marketing laboratory diagnostics.

• Rizobacter Argentina SA - Rizobacter Argentina SA is an Argentina-based agriculture microbiology company. It is one of the leading research & development companies in the field of microbiology and has developed various products for agricultural use. The product portfolio of the company comprises inoculants & bio-indicators, seed treatment, adjuvants, crop nutrition, biological fertilizers, and seeds among others. The company has two subsidiaries, each in Brazil and Paraguay, along with sales in 30 countries globally.

• Symborg S.L. - Symborg S.L. is a biotechnology company involved in the research & development and commercialization of biofertilizers. The company believes in maximizing crop yield without causing any harm to the environment and by using minimal resources. The product portfolio of the company includes biofertilizers and biostimulants. The biofertilizers are marketed by the company under the brand names BLUEN and VITASOIL. It has subsidiaries in Europe, North America, Asia, and South America. The company has 9 headquarters globally with sales in over 47 countries.

• National Fertilizers Ltd. - National Fertilizers Ltd. is an agrochemical manufacturer and one of the largest manufacturers of urea in India. The company has five ammonia-urea plants in different parts of India, which include Panipat in Haryana, Vijaipur in Madhya Pradesh, and two in Punjab. It is a Government of India undertaking company. The company’s product portfolio includes biofertilizers, neem-coated urea, urea, ammonium nitrate, sodium nitrate, nitric acid, and sodium nitride. It is also involved in the trading business of different types of agricultural inputs including agrochemicals such as bentonite sulfur, insecticides, compost, and quality seeds. The company’s biofertilizer plant is located in Vijaipur with a capacity of 600 tons per annum, which manufactures PSB, ZSB, Rhizobium, and Azotobacter.

• Antibiotice S.A. - Antibiotice S.A. is a pharmaceutical company that is engaged in manufacturing drugs for human and veterinary use. It operates through three business segments including medicines for human use, veterinary use, and active pharmaceutical ingredients (biotechnologies). The company is involved in the research & development of pharmaceutical drugs and biotechnologies. It manufactures biofertilizers under the biotechnologies segment for use in organic farming to replace chemical fertilizers.

• Lallemand Inc. - Lallemand Inc. is a bio-ingredient manufacturing company. The company operates through 10 business segments including animal nutrition, baking, brewing, bio-ingredients, biofuels & distilled spirits, manufacturing services, pharmaceuticals, health care, oenology, and plant care. It manufactures biofertilizers under the plant care segment, which primarily focuses on the production of fertilizers, enhancers, and supporters for agriculture, horticulture, and turf management sectors. The company has 24 production facilities and has sales & distribution offices in over 17 countries for marketing its products.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Biofertilizers Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Biofertilizers Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.