The Biofertilizers Market is projected to reach $3.2 billion by 2029, at a CAGR of 11.5% during the forecast period 2022–2029. The growth of this market is driven by the growth in organic farming & the rising demand for organic food, the growing concerns regarding environmental safety, the increasing government initiatives to promote the use of biofertilizers, and the rising investments from leading market players. Furthermore, the growing adoption of fertilizers in emerging economies is expected to provide significant opportunities for the players operating in this market.
Here are the top 10 companies operating in the Biofertilizers Market
American Vanguard Corporation
Founded in 1969 and headquartered in California, U.S., American Vanguard Corporation is engaged in the manufacturing and formulation of agricultural chemicals for crop, human, and animal health protection. The company’s subsidiary, Greenplants, Agrinos (Canada), operates in the biofertilizers market. Some of its other subsidiaries are AMGUARD Environmental Technologies (U.S.), AgNova Technologies (Australia), AMVAC do Brasil (Brazil), AGRI Center (Latin America), and AMVAC Mexico (Mexico).
American Vanguard Corporation has a strong geographic presence across North America, Asia-Pacific, Latin America, and Europe.
Chr. Hansen Holding A/S
Founded in 1874 and headquartered in Hørsholm, Denmark, Chr. Hansen is a biosciences company involved in developing natural ingredient solutions for the food, nutraceuticals, pharmaceuticals, and agriculture industries. The company operates through two business segments, namely, Food Cultures & Enzymes and Health & Nutrition. The Health & Nutrition segment offers biofertilizers, biostimulants, biofungicides, and bionematicides. The company also offers probiotics, starter cultures, colorants, food enzymes & cultures, and animal health-related products.
With 14 production sites, three R&D centers, and more than 25 application centers, Chr. Hansen has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
IPL Biologicals Limited
Founded in 1994 and headquartered in Haryana, India, IPL Biologicals Limited specializes in biological solutions for agriculture applications. The company offers crop solutions such as disease and pest management, plant nutrition, health, and soil management. Furthermore, IPL Biologicals offers biofertilizers, biofungicides, bioinsecticides, bionematicides, growth promoters, seed treatment, decomposers, and other biologicals.
IPL Biologicals has a geographic presence across Europe, Asia, Latin America, and the Middle East & Africa, but it mainly distributes its products in India.
Founded in 1895 and headquartered in Ontario, the U.S., Lallemand is engaged in the development, production, and marketing of yeasts, bacteria, and other similar products to reproduce, manage and optimize natural fermentation processes in agrifood industries. The company operates through seven business units, namely, Animal Nutrition, Baking, Biofuels & Distilled Spirits, Health Solutions, Pharma, Plant Care, and Cosmetics & Beauty. Lallemand offers biofertilizers through the Plant Care segment.
With its strong distribution channel across more than 45 countries, the company has a geographic presence across Europe, North America, Asia-Pacific, Latin America, and the Middle East & Africa.
National Fertilizers Limited
Incorporated in 1974 and headquartered in Noida, India, National Fertilizers is a public sector undertaking of the Government of India. The company is involved in the manufacturing and marketing of chemical fertilizers, bio-fertilizers, organic fertilizers, and other allied industrial products. National Fertilizers operates through three business segments, namely, Own Fertilizers (Urea, Bentonite Sulphur and Bio-Fertilizers), Fertilizer Trading, and Other Products & Services. The Own Fertilizers (Urea, Bentonite Sulphur and Bio-Fertilizers) business segment offers products such as urea, neem-coated urea, bio-fertilizers, and other allied industrial products like ammonia, nitric acid, ammonium nitrate, sodium nitrite, sodium nitrate, and city compost. The company’s brand name is popularly known in the market as ‘KISAN.’
Meticulous Research in its latest publication on Biofertilizers Market has predicted the growth of 11.5% during the forecast year 2022-2029.
Founded in 2000 and headquartered in Bagsværd, Denmark, Novozymes A/S is a global biotechnology company engaged in the research, development, and production of industrial enzymes, microorganisms, and biopharmaceutical ingredients. The company operates through five segments, namely, Household Care; Food, Beverages & Human Health; Bioenergy; Grain & Tech Processing; and Agriculture & Animal Health. The Agriculture & Animal Health segment offers biofertilizer products. Novozymes offers several microbial solutions derived from naturally occurring microbes, such as bacteria and fungi, as they provide powerful control against insects, diseases, and weed pests.
Novozymes has a strong geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Rizobacter Argentina SA
Founded in 1977 and headquartered in Buenos Aires, Argentina, Rizobacter is engaged in the development and commercialization of innovative microbial solutions for sustainable agriculture worldwide. Rizobacter’s product line includes inoculants, seed treatments, biostimulants, adjuvants, and specialty fertilizers.
The company operates in more than 40 countries and has a geographic presence across Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa.
Symborg Corporate, SL
Founded in 2009 and headquartered in Murcia, Spain, Symborg is an agricultural biotechnology company engaged in the research and development of agricultural products. The company operates through three segments, namely, Biostimulants, Biofertilizer, and Biocontrol. Symborg offers fertilizers under its Biofertilizer segment.
Symborg is a member of the IMS (International Mycorrhiza Society) association and promotes the research and development of mycorrhizal technologies. The company is also a member of the IBMA (International Biocontrol Manufacturers Association) and BPIA (Biological Product Industry Alliance).
With its subsidiaries and strong distribution network in 50 countries, Symborg has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Founded in 1969 and headquartered in Mumbai, India, UPL Limited is a chemical company engaged in producing crop protection products, intermediates, specialty chemicals, and other industrial chemicals. The company operates through three business segments, namely, Agro Activity, Non Agro Activity, and Unallocated. UPL’s product portfolio comprises biofertilizers, biocontrols, biostimulants, herbicides, fungicides, insecticides, plant growth regulators, seed treatments, and acaricides and digital solutions.
UPL will launch 6 new products, including bionematicides, biofungicides and biofertilizers, by the end of 2027.
With its subsidiaries, a strong distribution network, and 43 manufacturing sites, UPL has a geographic presence across Europe, North America, Asia-Pacific, Latin America, and the Middle East & Africa.
Founded in 1968 and headquartered in Geneva, Switzerland, Vegalab is a biotech company engaged in the manufacturing of natural agrochemicals, medical cleaning, skin care products, and a range of pharmaceutical supplements. The company operates through three business segments, namely, Agriculture, Healthcare, and Skincare. Vegalab offers natural, biologically derived insecticides, nematicides, pesticides, plant amendments, fertilizers, fungicides, and biocontrol agents.
In 2019, Vegalab, Inc. was honored with the “Best Fertilizer Company” award at the National Hemp Expo held at the Kentucky Exposition Center in Louisville, Kentucky.
The company has a geographic presence across Europe, North America, Asia-Pacific, Latin America, and the Middle East & Africa.
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Authoritative Research on the Biofertilizers Market – Global Opportunity Analysis and Industry Forecast (2022-2029)
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