North America Biofertilizers Market Growth, Trends, Size, Share, Revenue and Future Outlook: SPER Market Research

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Published: Nov 2023	Report ID: AGRI2354	Pages: 1 - 153	Formats^*:
Category : Agriculture

North America Biofertilizers Market Introduction and Overview

According to SPER Market Research, the North America Biofertilizers Market is estimated to reach USD 3.34 billion by 2033 with a CAGR of 13.63%.

The report includes an in-depth analysis of the North America Biofertilizers Market, including market size and trends, product mix, Applications, and supplier analysis. The term "biofertilizer" refers to an organic material that contains live microorganisms that promotes plant strength and growth. It provides vital primary nutrients to plants and can be applied to seeds, plant surfaces, soil, or the interior of the plant. In addition to improving soil fertility and promoting plant development and phosphorus solubilization, biofertilizer aids in the fixation of nitrogen in plants. Being an environmentally friendly material, it contributes to a decrease in the use of chemical pesticides and fertilisers.

September 2022: By acquiring Symborg Inc., Corteva Agriscience will expand Symborg's worldwide reach through Corteva Agriscience's robust distribution network.

January 2022: AgroFresh and Novozymes partnered to take advantage of biotechnology's promise to enhance post-harvest quality and decrease food waste. The goal of the company was to meet the growing demand from consumers for fruits and vegetables that would result in reduced food waste and environmental damage.

Market Opportunities and Challenges

The world's largest market for biofertilizer is found in North America. The region's growing need for organic food has increased demand for biofertilizers. The market for biofertilizer has benefited from new inventions, easy accessibility to the product, growing land area for organic farming, and appropriate cost. In the next years, the market will be driven by growing awareness of the various health and environmental advantages of biofertilizers. The need for biofertilizers has increased as a result of government measures to support organic farming and sustainable agricultural practises, as well as growing farmer awareness of the abuse of fertilisers. As a result, it is projected that the biofertilizer market will grow during the projected period.

However, the North America biofertilizer industry faces growth constraints due to insufficient government support for organic farming. Pricing is a noteworthy factor influencing the biofertilizer market and is currently exerting a negative impact. Overcoming challenges such as limited governmental backing and pricing issues will be pivotal for the biofertilizer market to capitalize on the growing preference for organic cultivation. Additionally, products using biofertilizer have a short shelf life and are highly contaminated. The microorganisms used as biofertilizers become nonviable when exposed to high temperatures. It's essential to keep them in a dry, cool atmosphere as a result. The primary challenge with agricultural inoculation technology is the survival of microorganisms during storage; additional challenges stem from various factors such as culture medium, physiological state of the microorganisms at harvest, dehydration process, rate of drying, temperature maintenance during storage, and water activity of the microorganisms.

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Market Competitive Landscape

The market for biofertilizers is extremely dispersed. The major players in the North America Biofertilizers market include: Agriculture Solutions, Inc., Agrinos, Agrocare Canada, BioFert Manufacturing Inc., California Organic Fertilizers, Inc., Fertilizers USA LLC, Fertoz, Kiwa Bio-Tech Products Group Corporation, Lallemand Inc., Nutrein Ltd, Orgunique, Rizobacter Argentina SA, Others. To increase their footprint in the area, these companies are entering into distribution partnerships with regional retail distributors. For example, Nutrien (Actagro LLC) has grown, establishing numerous distribution centres in important agricultural areas of both the US and Canada. With a significant presence in North America, it has over 2,000 retail outlets across seven nations.

Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Microorganism, By Technology Type, By Application, By Crop Type
Regions covered	Canada, Mexico, United States, Rest of North America
Companies Covered	Agriculture Solutions, Inc., Agrinos, Agrocare Canada, BioFert Manufacturing Inc., California Organic Fertilizers, Inc., Fertilizers USA LLC, Fertoz, Kiwa Bio-Tech Products Group Corporation, Lallemand Inc., Nutrein Ltd, Orgunique, Rizobacter Argentina SA, Others

COVID-19 Impact on North America Biofertilizers Market

The United States leads the region in confirmed COVID-19 cases, adversely affecting manufacturing, research, and development in the biofertilizer market. Disruptions in manufacturing and raw material sourcing, compounded by the pandemic's impact on food supply chains, have negatively influenced the biofertilizer industry. The pandemic has induced changes in consumer lifestyles, increasing the demand for healthy food products and driving interest in organic farming. This heightened consumer focus on organic food due to the pandemic is fostering the adoption of organic farming practices and, consequently, boosting the demand for biofertilizers in the North American market.

Key Target Audience

Agribusinesses and Agricultural Cooperatives
Consumers
Environmental Organizations
Farmers and Agricultural Producers
Non-Governmental Organizations (NGOs)
Supply Chain and Distribution Networks
Others

Our in-depth analysis of the North America Biofertilizers Market includes the following segments:

By Microorganism:	Azospirillum Azotobacter Blue-green Algae Mycorrhiza Phosphate Solubilizing Bacteria Rhizobium Other Microorganisms
By Technology:	Carrier Enriched Biofertilizers Liquid Biofertilizers Other Technology Types
By Application:	Seed Treatment Soil Treatment
By Crop Type:	Commercial Crops Fruits and Vegetables Grains and Cereals Pulses and Oilseeds Other Crop Types

Key Topics Covered in the Report

North America Biofertilizers Market Size (FY’2023-FY’2033)
Overview of North America Biofertilizers Market
Segmentation of North America Biofertilizers Market By Microorganism (Azospirillum, Azotobacter, Blue-green Algae, Mycorrhiza, Phosphate Solubilizing Bacteria, Rhizobium, Other Microorganisms)
Segmentation of North America Biofertilizers Market By Technology Type (Carrier Enriched Biofertilizers, Liquid Biofertilizers, Other Technology Types)
Segmentation of North America Biofertilizers Market By Application (Seed Treatment, Soil Treatment)
Segmentation of North America Biofertilizers Market By Crop Type (Commercial Crops, Fruits and Vegetables, Grains and Cereals, Pulses and Oilseeds, Other Crop Types)
Statistical Snap of North America Biofertilizers Market
Expansion Analysis of North America Biofertilizers Market
Problems and Obstacles in North America Biofertilizers Market
Competitive Landscape in the North America Biofertilizers Market
Impact of COVID-19 and Demonetization on North America Biofertilizers Market
Details on Current Investment in North America Biofertilizers Market
Competitive Analysis of North America Biofertilizers Market
Prominent Players in the North America Biofertilizers Market
SWOT Analysis of North America Biofertilizers Market
North America Biofertilizers Market Future Outlook and Projections (FY’2023-FY’2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data Source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the North America Biofertilizers Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTER’s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. North America Biofertilizers Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Biofertilizers Market

7. North America Biofertilizers Market, By Microorganism (USD Million)

7.1. North America Biofertilizers Market Value Share and Forecast, By Microorganism, 2023-2033
7.2. Azospirillum
7.3. Azotobacter
7.4. Blue-green Algae
7.5. Mycorrhiza
7.6. Phosphate Solubilizing Bacteria
7.7. Rhizobium
7.8. Other Microorganisms

8. North America Biofertilizers Market, By Technology Type (USD Million)

8.1. North America Biofertilizers Market Value Share and Forecast, By Technology Type, 2023-2033
8.2. Carrier Enriched Biofertilizers
8.3. Liquid Biofertilizers
8.4. Other Technology Types

9. North America Biofertilizers Market, By Application (USD Million)

9.1. North America Biofertilizers Market Value Share and Forecast, By Application, 2023-2033
9.2. Seed Treatment
9.3. Soil Treatment

10. North America Biofertilizers Market, By Crop Type (USD Million)

10.1. North America Biofertilizers Market Value Share and Forecast, By Crop Type, 2023-2033
10.2. Commercial Crops
10.3. Fruits and Vegetables
10.4. Grains and Cereals
10.5. Pulses and Oilseeds
10.6. Other Crop Types

11. North America Biofertilizers Market Forecast, 2019-2033 (USD Million)

11.1. North America Biofertilizers Market Size and Market Share

12. North America Biofertilizers Market, By Type, 2019-2033 (USD Million)

12.1. North America Biofertilizers Market Size and Market Share By Type (2019-2026)
12.2. North America Biofertilizers Market Size and Market Share By Type (2027-2033)

13. North America Biofertilizers Market, By Microorganism, 2019-2033 (USD Million)

13.1. North America Biofertilizers Market Size and Market Share By Microorganism (2019-2026)
13.2. North America Biofertilizers Market Size and Market Share By Microorganism (2027-2033)

14. North America Biofertilizers Market, By Technology Type, 2019-2033 (USD Million)

14.1. North America Biofertilizers Market Size and Market Share By Technology Type (2019-2026)
14.2. North America Biofertilizers Market Size and Market Share By Technology Type (2027-2033)

15. North America Biofertilizers Market, By Application, 2019-2033 (USD Million)

15.1. North America Biofertilizers Market Size and Market Share By Application (2019-2026)
15.2. North America Biofertilizers Market Size and Market Share By Application (2027-2033)

16. North America Biofertilizers Market, By Crop Type, 2019-2033 (USD Million)

16.1. North America Biofertilizers Market Size and Market Share By Crop Type (2019-2026)
16.2. North America Biofertilizers Market Size and Market Share By Crop Type (2027-2033)

17. North America Biofertilizers Market, By Region, 2019-2033 (USD Million)

17.1. North America Biofertilizers Market Size and Market Share By Region (2019-2026)
17.2. North America Biofertilizers Market Size and Market Share By Region (2027-2033)
17.3. Canada
17.4. Mexico
17.5. United States
17.6. Rest of North America

18. Company Profile

18.1. Agriculture Solutions, Inc.

18.1.1. Company details
18.1.2. Financial outlook
18.1.3. Product summary
18.1.4. Recent developments

18.2. Agrinos

18.2.1. Company details
18.2.2. Financial outlook
18.2.3. Product summary
18.2.4. Recent developments

18.3. Agrocare Canada

18.3.1. Company details
18.3.2. Financial outlook
18.3.3. Product summary
18.3.4. Recent developments

18.4. BioFert Manufacturing Inc.

18.4.1. Company details
18.4.2. Financial outlook
18.4.3. Product summary
18.4.4. Recent developments

18.5. California Organic Fertilizers, Inc.

18.5.1. Company details
18.5.2. Financial outlook
18.5.3. Product summary
18.5.4. Recent developments

18.6. Fertilizers USA LLC

18.6.1. Company details
18.6.2. Financial outlook
18.6.3. Product summary
18.6.4. Recent developments

18.7. Fertoz

18.7.1. Company details
18.7.2. Financial outlook
18.7.3. Product summary
18.7.4. Recent developments

18.8. Kiwa Bio-Tech Products Group Corporation

18.8.1. Company details
18.8.2. Financial outlook
18.8.3. Product summary
18.8.4. Recent developments

18.9. Lallemand Inc.

18.9.1. Company details
18.9.2. Financial outlook
18.9.3. Product summary
18.9.4. Recent developments

18.10. Nutrein Ltd

18.10.1. Company details
18.10.2. Financial outlook
18.10.3. Product summary
18.10.4. Recent developments

18.11. Orgunique

18.11.1. Company details
18.11.2. Financial outlook
18.11.3. Product summary
18.11.4. Recent developments

18.12. Rizobacter Argentina SA

18.12.1. Company details
18.12.2. Financial outlook
18.12.3. Product summary
18.12.4. Recent developments

18.13. Others

19. List of Abbreviations

20. Reference Links

21. Conclusion

22. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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Frequently Asked Questions About This Report

How big is the North America Biofertilizers Market?

North America Biofertilizers Market is projected to reach USD 3.34 billion by 2033, growing at a CAGR of 13.63% during the forecast period.

What is the growth rate of the North America Biofertilizers Market?

North America Biofertilizers Market grew in market size from 2022. The Market is expected to reach USD 3.34 billion by 2033, at a CAGR of 13.63% during the forecast period.

What is the anticipated CAGR of the North America Biofertilizers Market?

North America Biofertilizers Market CAGR of 13.63% during the forecast period.

How can I get a sample report on the North America Biofertilizers Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the North America Biofertilizers Market?

North America Biofertilizers Market size is USD 3.34 billion from 2023 to 2033.

Which segment is expected to North America Biofertilizers Market?

North America Biofertilizers Market Segment is covered By Microorganism, By Technology Type, By Application, By Crop Type.

Which region is expected to have the highest market share in the North America Biofertilizers Market?

The North America is anticipated to have the highest market share in the North America Biofertilizers Market.

Who are the key players in North America Biofertilizers Market?

The key players in the market include Companies Covered Agriculture Solutions, Inc., Agrinos, Agrocare Canada, BioFert Manufacturing Inc., California Organic Fertilizers, Inc., Fertilizers USA LLC, Fertoz.

What is the conclusion of the North America Biofertilizers Market?

The term "biofertilizer" refers to an organic material that contains live microorganisms that promotes plant strength and growth. It provides vital primary nutrients to plants and can be applied to seeds, plant surfaces, soil, or the interior of the plant.