By Product Type
The global bio-fertilizers market is segmented on the basis of product type into nitrogen-fixing, phosphate-solubilizing, potash-mobilizing and others (zinc, boron or sulphur-solubilizing). Nitrogen-Fixing segment occupied the largest market of bio-fertilizers with 72.8% share in 2016 across the globe and is believed to account for highest revenue during the forecast period. After Nitrogen-Fixing, the phosphate-solubilizing segment is predicted to be the second largest market and is anticipated to achieve absolute $ opportunity of USD 301.4 Million between 2017 and 2024 owing to its contribution in root formation, plant growth and seed formation. Further, the potash-mobilizing segment is estimated to grow with highest CAGR over the forecast period.
By Microorganisms
The global bio-fertilizers market is divided by microorganisms into azospirillum, cyanobacteria, phosphate-solubilizing bacteria, azolla, aulosira, rhizobium, azotobacter and others (Nostoc, Anabaena, Tolypothrix). Among these segments, cyanobacteria segment is predicted to dominate the bio-fertilizers market throughout the forecast period. This can be attributed to the features of cyanobacteria such as enhancing the soil fertility and reducing greenhouse gas emissions. Further, the Azospirillum and Azotobacter are believed to grow with highest CAGR over the forecast period, where the Azotobacter segment is forecasted to observe a growth rate of 2.6x over the forecast period.
By Crop
The bio-fertilizers market has been segmented by crops into cereals & grains, pulses & oil seeds, fruits & vegetables, fiber crops and others, out of which, the cereals and grains segment accounted for the highest revenue in 2016 and is believed to retain its dominant position by the end of 2024. Further, the pulses and oil seeds segment is expected to observe a positive growth rate over the forecast period owing to the adoption of effective fertilizers to fulfill nutrition requirement of crops by farmers across the world.
By Form
The bio-fertilizers market has been segmented by form into pure & mixed liquid fermentations, powder, dispersible granule and pellet. Among these segments, the pure & mixed liquid fermentation segment is believed to expand with highest CAGR over the forecast period owing to their longer shelf life, high enzyme activity, high commercial revenue and no loss of physical and chemical property in storage.
By Application
The bio-fertilizers market is segmented by application into seed treatment, soil treatment and root dipping. Among these segments, the seed treatment segment is predicted to dominate the market by expanding at a highest CAGR over the forecast period owing to their capability of increasing phosphorous content of soil by solubilizing it. Further, the root dipping segment is forecasted to observe a growth rate of 2.38x over the forecast period due to the demand for transplanted crops such as rice, ornamental plants and others.
The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
