The global biological organic fertilizers market size is anticipated to expand at a CAGR of 2.4% during the forecast period, 2021 – 2028. The growth of the market is attributed to increased practice of organic farming across the globe.
Biological organic fertilizer is a processed inoculated compost produced from organic material that has undergone rapid decomposition by the introduction of homogeneous microbial inoculants. Biological organic fertilizers add nutrients to the plants using natural processes, which include nitrogen fixation and stimulate their development by producing natural growth promoting substances. The microorganisms restore their nutrient cycle and also enhances the health of the soil.
Biological organic fertilizers are different from organic fertilizers. Organic fertilizers consist of animal and plants wastes whereas biological fertilizers consists of living micro-organisms. Biological organic fertilizers fix atmospheric nitrogen in the soil and roots of the crops and solubilize the insoluble nutrients. It is directly applied on the soil or seed and increases the yield by 15% to 25%. Most soils are deficient in phosphorus, which is an essential macronutrient apart from microorganisms, including rhizobium, azobacter, azospirillium, and blue green algae.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing sustainable farming and rising government support to the manufacturers are anticipated to drive the market growth.
- Growing trend of biological organic fertilizers is expected to boost market growth during the forecast period.
- Increasing implementation of environmental policies to minimize the use of non-biodegradable fertilizers is expected to fuel the growth of biological organic fertilizer market.
- Lack of understanding and awareness of the benefits is to hinder the growth of biological organic fertilizer market
- . Increasing demand for organic food and growing land under organic cultivation are anticipated to drive the biological organic fertilizer market during the forecast period.
- Changing farmers and consumers’ attitude towards eco-friendly is expected to propel the market growth.
- Rising investment in R&D activities and growing concern regarding food security due to rising population are expected to create opportunities for growth of the biological organic fertilizer market.
Scope of the Report
The report on the global biological organic fertilizers market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Biological Organic Fertilizers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Microorganism [Rhizobium, Azotobacter, Azospirillum, Blue-green Algae, Phosphate Solubilizing Bacteria, Mycorrhiza, and Others] And Organic Residues [Green Manure, Fish Meal, Bone Meal, Oil Cakes, and Others]), Applications (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops, and Turf And Ornamentals)
North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Rizobacter Argentina S.A, Lallemand, National Fertilizers Limited, Agri Life, Madras Fertilizers Limited, Gujarat State Fertilizers and Chemicals Ltd(GSFO)
Global Biological Organic Fertilizer Market Segment Insights
Microorganisms segment to account a considerable market share
Based on types, the global biological organic fertilizers market is divided into microorganisms and organic residues. The microorganism segment is further segmented into rhizobium, azotobacter, azospirillum, blue-green algae, phosphate solubilizing bacteria, mycorrhiza, and others. The organic residues segment is further divided into green manure, fish meal, bone meal, oil cakes, and others. The microorganism segment is anticipated to account for a considerable market share owing to rising demand for organic products, which is due to increasing consciousness among consumers. Moreover, rising income along with improved farming practices that make organic yields more robust are spurring the segment growth.
Grains and cereals segment to account a major market share
Based on applications, the global biological organic fertilizers market is classified as grains and cereals, pulses and oilseeds, fruits and vegetables, commercial crops, and turf and ornamentals. The grains and cereals segment is expected to account for a major market share during forecast period owing to the increasing demand for organic grains and cereal-based products.
Asia Pacific to dominate market
In terms of regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to dominate the market, followed by Europe and Latin America. Increasing health awareness, growing area under organic cultivation, rising population and income, and increasing mechanization and irrigation facilities are expected to drive the growth of market in the region.
Segments Covered in the Report
The market global biological organic fertilizers has been segmented on the basis of
- Blue-green Algae
- Phosphate Solubilizing Bacteria
- Organic residues
- Green Manure
- Fish Meal
- Bone Meal
- Oil Cakes
- Grains and Cereals
- Pulses and Oilseeds
- Fruits and Vegetables
- Commercial Crops
- Turf and Ornamentals
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Rizobacter Argentina S.A
- National Fertilizers Limited
- Agri Life
- Madras Fertilizers Limited
- Gujarat State Fertilizers and Chemicals Ltd(GSFO).
Key players operating in the global biological organic fertilizers market includes Rizobacter Argentina S.A, Lallemand, National Fertilizers Limited, Agri Life, Madras Fertilizers Limited, Gujarat State Fertilizers and Chemicals Ltd(GSFO).