North America Biofertilizers Market Forecast to 2028 - COVID-19 Impact and Analysis by Product Type (Nitrogen Fixing, Phosphorus Solubilizing, Potassium Mobilizing, and Others), Microorganism (Rhizobium, Azotobacter, Phosphate Solubilizing Bacteria, and Others), Crop Type (Cereals and Grains, Oil seeds and Pulses, Fruits and Vegetables, and Others), and Application (Seed Treatment, Soil Treatment, and Others)
The biofertilizers market in North America is expected to grow from US$ 487.39 million in 2021 to US$ 1,181.00 million by 2028; it is estimated to grow at a CAGR of 11.9% from 2021 to 2028.
The increase in government initiatives has led to the increased adoption of biofertilizers by the farmers of various countries. There has been an increased need for sustainability in modern agriculture as the sustainable farming methods are the cornerstone of low input agriculture. The sustainable agriculture conserves energy, water, decreases the vulnerability to drought and reduces greenhouse gas emissions. Biofertilizers helps in improving the crop production as well as improves the soil health along with providing various growth-promoting hormones and phytohormones to the plants. Along with this, the biofertilizer does not leave any residual effects as compared to the chemical fertilizers and thus, is an ideal solution to be used for sustainable agriculture. Biofertilizer is also one of the essential components of integrated nutrient management as they are cost-effective and renewable source of plant protein for sustainable agriculture. Thus, increase government initiative along with increased need for sustainability in modern agriculture is increasing the demand for biofertilizers across the region.The US has the highest number of confirmed COVID-19 cases among all key countries in the region. This has negatively impacted the overall manufacturing processes, research, and development activities. The significant disruption in manufacturing facilities, along with raw material sourcing, has had a negative impact on the biofertilizer market. Along with this, the pandemic has had a negative impact on the food supply chains, simultaneously affecting farm production, transport, and logistic. During the pandemic, there have been changes in the consumer lifestyle which has led to an increase in demand for healthy food products which is driving the demand for organic food products. The growing consumer focus on organic food products due to the pandemic is leading to an increase adoption of organic farming practices which is promoting the demand for biofertilizer in the North American market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America biofertilizers market. The North America biofertilizers market is expected to grow at a good CAGR during the forecast period.
North America Biofertilizers Market Revenue and Forecast to 2028 (US$ Million)
North America Biofertilizers Market Segmentation
North America Biofertilizers Market – By Product Type
- Nitrogen Fixing
- Phosphorus Solubilizing
- Potassium Mobilizing
- Others
North America Biofertilizers Market – By Microorganism
- Rhizobium
- Azotobacter
- Phosphate Solubilizing Bacteria
- Others
North America Biofertilizers Market – By Crop Type
- Cereals and Grains
- Oil seeds and Pulses
- Fruits and Vegetables
- Others
North America Biofertilizers Market – Application
- Seed Treatment
- Soil Treatment
- Others
North America Biofertilizers Market – By Country
- US
- Canada
- Mexico
North America Biofertilizers Market – Companies Mentioned
- Kiwa Bio-Tech Products Group Corporation
- Mapleton Agri Biotec Pt. Ltd
- Novozymes
- RIZOBACTER
- Symborg
- T.Stanes and Company Limited
- UPL
- Vegalab SA
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.2.1 North America Biofertilizers Market, by Product Type
1.2.2 North America Biofertilizers Market, by Microorganism
1.2.3 North America Biofertilizers Market, by Crop Type
1.2.4 North America Biofertilizers Market, by Application
1.2.5 North America Biofertilizers Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.1.1 Biofertilizers Market, by Product Type, Microorganism, Crop Type and Application
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. North America Biofertilizers Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Raw Material:
4.3.2 Manufacturing/Processing:
4.3.3 End-User
4.4 Expert Opinion
5. North America Biofertilizers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Boosting Growth of Organic Farming
5.1.2 Growing Initiatives by Government Agencies and Increase In Awareness Pertaining to the Need for sustainability in Modern Agriculture
5.2 Market Restraints
5.2.1 Lesser shelf life of biofertilizer
5.3 Market Opportunities
5.3.1 Surge in the production and yield of crops
5.4 Impact Analysis of Drivers and Restraints
6. North America Biofertilizers – Market Analysis
6.1 North America Biofertilizers Market Overview
6.2 North America Biofertilizers Market –Revenue and Forecast to 2028 (US$ Million)
7. North America Biofertilizers Market Analysis – By Product Type
7.1 Overview
7.2 North America: Biofertilizers Market, by Product Type
7.3 Nitrogen Fixing
7.3.1 Overview
7.3.2 Nitrogen Fixing: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Phosphorous Solubilizing
7.4.1 Overview
7.4.2 Phosphorus Solubilizing: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Potassium Mobilizing
7.5.1 Overview
7.5.2 Potassium Mobilizing: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Biofertilizers Market Analysis – By Microorganism
8.1 Overview
8.2 North America: Biofertilizers Market, by Microorganism
8.3 Rhizobium
8.3.1 Overview
8.3.2 Rhizobium: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Azotobacter
8.4.1 Overview
8.4.2 Azotobacter: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Phosphate Solubilizing Bacteria
8.5.1 Overview
8.5.2 Phosphate Solubilizing Bacteria: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Biofertilizers Market Analysis – By Crop type
9.1 Overview
9.2 North America: Biofertilizers Market, by Crop Type
9.3 Cereals and Grains
9.3.1 Overview
9.3.2 Cereals and Grains: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Oil seeds and Pulses
9.4.1 Overview
9.4.2 Oil seeds and Pulses: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Fruits and Vegetables
9.5.1 Overview
9.5.2 Fruits and Vegetables: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Biofertilizers Market Analysis – By Application
10.1 Overview
10.2 North America: Biofertilizers Market, by Application
10.3 Seed Treatment
10.3.1 Overview
10.3.2 Seed Treatment: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Soil Treatment
10.4.1 Overview
10.4.2 Soil Treatment: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Others
10.5.1 Overview
10.5.2 Others: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
11. North America Biofertilizers Market – Country Analysis
11.1 Overview
11.1.1 North America: Biofertilizers Market, by Key Country
11.1.1.1 US: Biofertilizers Market –Analysis and Forecast to 2028 (US$ Million)
11.1.1.1.1 US: Biofertilizers Market, by Product Type
11.1.1.1.2 US: Biofertilizers Market, by Microorganism
11.1.1.1.3 US: Biofertilizers Market, by Crop Type
11.1.1.1.4 US: Biofertilizers Market, by Application
11.1.1.2 Canada: Biofertilizers Market –Analysis and Forecast to 2028 (US$ Million)
11.1.1.2.1 Canada: Biofertilizers Market, by Product Type
11.1.1.2.2 Canada: Biofertilizers Market, by Microorganism
11.1.1.2.3 Canada: Biofertilizers Market, by Crop Type
11.1.1.2.4 Canada: Biofertilizers Market, by Application
11.1.1.3 Mexico: Biofertilizers Market –Analysis and Forecast to 2028 (US$ Million)
11.1.1.3.1 Mexico: Biofertilizers Market, by Product Type
11.1.1.3.2 Mexico: Biofertilizers Market, by Microorganism
11.1.1.3.3 Mexico: Biofertilizers Market, by Crop Type
11.1.1.3.4 Mexico: Biofertilizers Market, by Application
12. North America Biofertilizers Market–Impact of COVID-19
12.1 North America: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
14. Company Profiles
14.1 Kiwa Bio-Tech Products Group Corporation
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Mapleton Agri Biotec Pt. Ltd
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Novozymes
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 RIZOBACTER
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Symborg
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 T.Stanes and Company Limited
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 UPL
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Vegalab SA
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Biofertilizers Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. US Biofertilizers Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Biofertilizers Market, by Microorganism– Revenue and Forecast to 2028 (US$ Million)
Table 4. US Biofertilizers Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 5. US Biofertilizers Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Biofertilizers Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Biofertilizers Market, by Microorganism– Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Biofertilizers Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Biofertilizers Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Biofertilizers Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Biofertilizers Market, by Microorganism– Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico Biofertilizers Market, by Crop Type– Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico Biofertilizers Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms, North America biofertilizers Market
LIST OF FIGURES
Figure 1. North America Biofertilizers Market Segmentation
Figure 2. North America Biofertilizers Market Segmentation – By Country
Figure 3. North America biofertilizers Market Overview
Figure 4. North America biofertilizers Market, By Product Type
Figure 5. North America biofertilizers Market, by Country
Figure 6. North America biofertilizers Market, Industry Landscape
Figure 7. Porter’s Five Forces Analysis
Figure 8. North America Biofertilizers Market, Ecosystem
Figure 9. Expert Opinion
Figure 10. North America Biofertilizers Market Impact Analysis of Drivers and Restraints
Figure 11. North America Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America: Biofertilizers Market Revenue Share, by Product Type (2020 and 2028)
Figure 13. Nitrogen Fixing: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Phosphorus Solubilizing: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Potassium Mobilizing : Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America: Biofertilizers Market Revenue Share, by Microorganism (2020 and 2028)
Figure 18. Rhizobium: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Azotobacter: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Phosphate Solubilizing Bacteria: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America: Biofertilizers Market Revenue Share, by Crop Type (2020 and 2028)
Figure 23. Cereals and Grains: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Oil seeds and Pulses: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Fruits and Vegetables: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Others: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America: Biofertilizers Market Revenue Share, by Application (2020 and 2028)
Figure 28. Seed Treatment: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Soil Treatment: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Others: Biofertilizers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Geographic Overview of North America Biofertilizers Market
Figure 32. North America: Biofertilizers Market Revenue Share, by Key Country (2020 and 2028)
Figure 33. US: Biofertilizers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 34. Canada: Biofertilizers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 35. Mexico: Biofertilizers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. Impact of COVID-19 Pandemic on Biofertilizers Market in North America
- Kiwa Bio-Tech Products Group Corporation
- Mapleton Agri Biotec Pt. Ltd
- Novozymes
- RIZOBACTER
- Symborg
- T.Stanes and Company Limited
- UPL
- Vegalab SA
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America biofertilizers market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America biofertilizers market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the biofertilizers market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution