Please Wait.....
Report
North America Biofertilizer - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2017 - 2029
Market Report I 2024-02-17 I 156 Pages I Mordor Intelligence
The North America Biofertilizer Market size is estimated at USD 1.18 billion in 2024, and is expected to reach USD 1.92 billion by 2029, growing at a CAGR of 10.23% during the forecast period (2024-2029).
Key Highlights
-Rhizobium is the Largest Form : Rhizobium is mainly because it is a vital source of nitrogen to the majority of agricultural soils, which can fix nitrogen ranging from 200 to 300 kilograms annually.
-Rhizobium is the Fastest-growing Form : The rhizobium based biofertilizers have the ability to reduce the overall dependence on chemical fertilizers, by reducing the total cost of production for farmers.
-Row Crops is the Largest Crop Type : The consumption of biofertilizers is dominant in row crops is mainly due to the large cultivation area, which accounts for 59.3% of the total organic cultivation area in 2022.
-United States is the Largest Country : The dominance of the United States is mainly due to its large organic cultivation area in the region, which accounts for 39.5% of the total organic crop area in the region.
North America Biofertilizer Market Trends
Rhizobium is the largest Form
- Biofertilizers are organic substances with living microorganisms that promote plant growth. The biofertilizer market value increased by about 49.3% from 2017 to 2021, attributed to the increasing awareness among farmers, the increasing overall registered organic farms in the region, and the shifting demand for organically or sustainably grown commodities.
- Mycorrhiza-based biofertilizers accounted for about 25.6% of the market value in 2022, mainly because their application can reduce the use of chemical fertilizers, particularly phosphorus, by up to 30%.
- Rhizobium-based biofertilizers dominated the North American biofertilizer market and accounted for about 36.5% of the market value in 2022, mainly due to their ability to decrease the overall dependence on inorganic nitrogen fertilizers.
- Azospirillum-based biofertilizers accounted for about 21.6% of the total market value in 2022. Azospirillum is involved in atmospheric nitrogen fixation in a wide range of crops, particularly in cereal crops like rice, maize, sorghum, wheat, and millet.
- Continuous research is being conducted to develop strains that are biotic/abiotic stress-tolerant. Under salinity stress, Rhizobium trifolii inoculated with Trifoliumalexandrinum showed increased biomass and nodulation.
- The increasing awareness about the overuse of fertilizers among farmers and the government initiatives to support sustainable agricultural practices and organic farming resulted in a rising demand for biofertilizers. Therefore, the market for biofertilizers is anticipated to increase during the forecast period.
United States is the largest Country
- The United States dominated the North American biofertilizer market and accounted for about 45.6% of the market value in 2022. The dominance of the United States is mainly due to its large organic cultivation area in the region, which accounts for 39.5% of the total organic crop area.
- Canada is the second largest biofertilizer market, followed by the United States in the North American region. In 2022, Canada accounted for about 33.2% of the total biofertilizer market value in the region. Row crop cultivation is dominant in the country, and soybean, rapeseed, and wheat are some of the major crops cultivated in the country.
- Despite having the second-largest organic area in the North American region, Mexico accounted for only 18.2% of the biofertilizers market value in 2022. This is mainly attributed to lower application rates of biofertilizers in the country. The total biofertilizer volume consumption accounted for 3.2 thousand metric tons in 2022.
- The major agricultural countries in the rest of North America are Costa Rica, Cuba, Jamaica, and Guatemala. In these countries, cash crop cultivation is dominant compared to row and horticultural crops. Cash crop cultivation accounted for about 92.0% of the total organic crop area available in the rest of North America in 2022. The major cash crops grown in these countries are coffee, sugarcane, and spices.
- The biofertilizer market in the North American region is anticipated to increase at a higher pace in the United States compared to other countries in the region, which is attributed to various reasons like awareness among growers on sustainability and government initiatives for sustainable cultivation.
North America Biofertilizer Industry Overview
The North America Biofertilizer Market is fragmented, with the top five companies occupying 11.29%. The major players in this market are Lallemand Inc., Novozymes, Rizobacter, Sustane Natural Fertilizer, Inc and Symborg Inc. (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 EXECUTIVE SUMMARY & KEY FINDINGS
2 REPORT OFFERS
3 INTRODUCTION
3.1 Study Assumptions & Market Definition
3.2 Scope of the Study
3.3 Research Methodology
4 KEY INDUSTRY TRENDS
4.1 Area Under Organic Cultivation
4.2 Per Capita Spending On Organic Products
4.3 Regulatory Framework
4.4 Value Chain & Distribution Channel Analysis
5 MARKET SEGMENTATION
5.1 Form
5.1.1 Azospirillum
5.1.2 Azotobacter
5.1.3 Mycorrhiza
5.1.4 Phosphate Solubilizing Bacteria
5.1.5 Rhizobium
5.1.6 Other Biofertilizer
5.2 Crop Type
5.2.1 Cash Crops
5.2.2 Horticultural Crops
5.2.3 Row Crops
5.3 Country
5.3.1 Canada
5.3.2 Mexico
5.3.3 United States
5.3.4 Rest Of North America
6 COMPETITIVE LANDSCAPE
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles
6.4.1 Agriculture Solutions Inc.
6.4.2 BIOQUALITUM SA de CV
6.4.3 Indogulf BioAg LLC (Biotech Division of Indogulf Company)
6.4.4 Koppert Biological Systems Inc.
6.4.5 Lallemand Inc.
6.4.6 Novozymes
6.4.7 Rizobacter
6.4.8 Sustane Natural Fertilizer, Inc
6.4.9 Symborg Inc.
6.4.10 The Andersons Inc.
7 KEY STRATEGIC QUESTIONS FOR AGRICULTURAL BIOLOGICALS CEOS
8 APPENDIX
8.1 Global Overview
8.1.1 Overview
8.1.2 Porter's Five Forces Framework
8.1.3 Global Value Chain Analysis
8.1.4 Market Dynamics (DROs)
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security