The Biofertilizers Market is poised to reach $3.2 billion by 2029, with a projected Compound Annual Growth Rate (CAGR) of 11.5% during the forecast period of 2022–2029. This growth can be attributed to several key factors, including the rise of organic farming and increased demand for organic food, growing environmental concerns, government initiatives to promote biofertilizers, and investments from leading market players. Additionally, the adoption of fertilizers in emerging economies is expected to create significant opportunities for companies in this market.
Here are the top 10 companies operating in the Biofertilizers Market:
1. American Vanguard Corporation
Founded in 1969 and headquartered in California, U.S., American Vanguard Corporation specializes in the manufacturing and formulation of agricultural chemicals for crop, human, and animal health protection. Their subsidiary, Greenplants, Agrinos (Canada), operates in the biofertilizers market. American Vanguard Corporation has a strong geographic presence across North America, Asia-Pacific, Latin America, and Europe.
2. 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 various industries, including food, nutraceuticals, pharmaceuticals, and agriculture. The company offers biofertilizers, biostimulants, biofungicides, and bionematicides, in addition to other products. Chr. Hansen has a global presence with 14 production sites, three R&D centers, and more than 25 application centers.
3. IPL Biologicals Limited
Founded in 1994 and headquartered in Haryana, India, IPL Biologicals Limited specializes in biological solutions for agriculture applications, offering a wide range of crop solutions and biofertilizers. Although they have a presence across Europe, Asia, Latin America, and the Middle East & Africa, their primary distribution focus is in India.
4. Lallemand Inc.
Founded in 1895 and headquartered in Ontario, the U.S., Lallemand is involved in the development, production, and marketing of yeasts, bacteria, and similar products for natural fermentation processes in agrifood industries. Lallemand offers biofertilizers through its Plant Care segment and has a strong distribution network across more than 45 countries.
5. National Fertilizers Limited
Incorporated in 1974 and headquartered in Noida, India, National Fertilizers is a public sector undertaking of the Government of India, engaged in the manufacturing and marketing of chemical fertilizers, bio-fertilizers, organic fertilizers, and other allied industrial products. They offer a wide range of agricultural products and have a popular brand name in the market as 'KISAN.'
6. Novozymes A/S
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. They offer biofertilizer products through their Agriculture & Animal Health segment and have a strong global presence.
7. Rizobacter Argentina SA
Founded in 1977 and headquartered in Buenos Aires, Argentina, Rizobacter is involved in the development and commercialization of innovative microbial solutions for sustainable agriculture worldwide. Their product line includes inoculants, seed treatments, biostimulants, adjuvants, and specialty fertilizers. Rizobacter operates in more than 40 countries and has a global presence.
8. Symborg Corporate, SL
Founded in 2009 and headquartered in Murcia, Spain, Symborg is an agricultural biotechnology company involved in the research and development of agricultural products. They offer fertilizers under their Biofertilizer segment and have a strong presence in 50 countries.
9. UPL LIMITED
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. They offer a diverse range of agricultural products, including biofertilizers, biocontrols, biostimulants, and more. UPL has a significant global presence with subsidiaries and manufacturing sites.
10. Vegalab SA
Founded in 1968 and headquartered in Geneva, Switzerland, Vegalab is a biotech company manufacturing natural agrochemicals, medical cleaning, skincare products, and pharmaceutical supplements. They offer a wide range of agricultural products, including natural insecticides, nematicides, pesticides, plant amendments, fertilizers, fungicides, and biocontrol agents. Vegalab has a global presence.
Meticulous Research's latest report on the Biofertilizers Market predicts a growth rate of 11.5% during the forecast period from 2022 to 2029. This comprehensive report provides in-depth analysis of each of these companies, covering recent financial performance, key products, company strategies, partnerships, acquisitions, and more. It also includes global market size estimates, market share analysis, revenue numbers, and covers key industry trends and issues.


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