Biofertilizers Market by Application, Product and Geography - Forecast and Analysis 2023-2027

Published: Jun 2023 Pages: 164 SKU: IRTNTR70678

Biofertilizers Market Size & Forecast

The Global Biofertilizers Market size is estimated to grow at a CAGR of 12.76% between 2022 and 2027. The market size is forecast to increase by USD 1,881.8 million. The growth of the market depends on several factors, including the increase in demand for biofertilizers from developing countries, a reduction in arable land, and the advent of liquid fertilizers.  Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

This biofertilizers market report extensively covers market segmentation by Application (seed treatment and soil treatment), Product (nitrogen-fixing biofertilizers, phosphate-solubilizing biofertilizers, and others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).

What will be the Size of the Biofertilizers Market During the Forecast Period?

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Biofertilizers Market Introduction 

Biofertilizers contain microorganisms that enhance plants' ability to synthesize substances that can be assimilated directly by plants, improve the uptake of nutrients, induce plant stress resistance, and prevent plant diseases such as soil-borne disease.

Biofertilizers Market Dynamic

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Biofertilizers Market Driver

The advent of liquid fertilizers is a key factor driving the market growth. A significant innovation in the global biofertilizers market is the emergence of liquid biofertilizers, which are liquid formulations containing desired microorganisms and nutrients. Unlike carrier-based biofertilizers with a limited six-month shelf life and susceptibility to UV rays and high temperatures, liquid biofertilizers boast a two-year shelf life and tolerance to adverse conditions. Their higher microbe density and ease of application through power sprayers and hand sprayers make them more potent and user-friendly compared to traditional biofertilizers.

In June 2020, scientists at Bihar Agricultural University developed eco-friendly liquid biofertilizers that increase crop yield by 20 percent, providing a promising alternative to chemical fertilizers and driving the market's growth during the forecast period.

Key Biofertilizers Market Trends

Regulation for food safety and environmental pollution is a key trend shaping the market. Provincial regulations aimed at sustainable agriculture and the safety of agricultural inputs are discouraging the use of chemical fertilizers and promoting the adoption of biofertilizers. The International Organization for Standardization (ISO) establishes standards to ensure high-quality and safe agricultural products, including fertilizers and soil conditioners. ISO's standards cover measurements of various chemicals in fertilizers and test procedures for determining fertilizer bulk density. The detrimental effects of synthetic fertilizers on soil quality drive the adoption of biofertilizers, which act as a natural source of nutrients and organic matter, improving soil structure and water-holding capacity. ASTM D4972 - 13 provides standard tests for determining soil pH to assess soil acidification caused by certain fertilizers. Compliance with these safety and quality regulations is expected to drive the demand for biofertilizers in the foreseeable future.

Major Biofertilizers Market Challenge

Issues with biofertilizers affordability is a key factor hindering the market growth. High-quality biofertilizers are readily available in developed countries, but their affordability and accessibility are limited in developing regions like South America and Africa, where crop production demands are high. The low purchasing power of farmers and price sensitivity act as major barriers, hindering the adoption of biofertilizers in these countries. Insufficient information about organic farming products leads many farmers to choose traditional chemical fertilizers. Convincing farmers of cost savings and comparable yields with biofertilizers is crucial for their widespread adoption. The challenge of product affordability is expected to impede the growth of the biofertilizer market in these regions during the forecast period.

Biofertilizers Market Segment Insights

Application Insights

The market share growth by the seed treatment segment will be significant during the forecast period. The rising in the use of seed treatment has significantly increased due to the direct application of biofertilizers directly to seeds. In addition, it improves quality and access to vital nutrients and healthy bacteria. Due to this treatment Plants grow healthier and are better able to fend off diseases and pests. Seed treatment provides a practical and effective way to apply biofertilizers directly to the seedlings, ensuring their efficient uptake. With the growing demand for sustainable farming practices, seed treatment reduces the requirement for conventional chemical fertilizers and pesticides.

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The seed treatment segment shows a gradual increase in the market share of USD 1152.33 million in 2017 and continue to grow by 2021. Due to the rising need for sustainable and environmentally friendly agricultural practices, seed treatment with biofertilizers is having high demand in the market. For example, companies like Novozymes and Bayer CropScience provide solutions for seed treatment with their biofertilizer offerings. The increasing popularity among farmers is due to the ability of seed treatment to enhance seed quality, plant health, and overall crop productivity. Owing to all these factors, the demand for biofertilizers from seed treatment is expected to increase and drive the growth of the market focus during the forecast period.

Biofertilizers Product Insights

Based on the product, the market is fragmented into nitrogen-fixing biofertilizers, phosphate-solubilizing biofertilizers, and others. Nitrogen-fixing biofertilizers lead the global biofertilizers market due to the crucial role of nitrogen in plant nutrition. While chemical fertilizers traditionally supply nitrogen, they pose environmental hazards like greenhouse gas emissions and water contamination. Excessive chemical fertilizer use negatively impacts soil fertility and agricultural sustainability.

In contrast, biofertilizers offer sustainable nitrogen nourishment by effectively fixing atmospheric nitrogen and transferring it to plants, enhancing fertilizer efficiency. Combining nitrogen biofertilizers with chemical fertilizers reduces overall chemical usage. These biofertilizers also enhance crop resilience and yield. Examples include Azospirillum, Beijerinckia, and Azotobacter, associated with cereals, tobacco, tea, coffee, and coconut. Innovations like Blacksmith BioScience's Nitryx SP further drive the demand for nitrogen-fixing biofertilizers, contributing to market growth during the forecast period.

Biofertilizers Market Regional Insights

North America Region

North America is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Urbanization in the US and Canada has led to increased household income, driving the demand for organic food products. With higher income, people are more inclined towards premium quality food like organic products, which in turn boosts the sales of biofertilizers in North America. The US organic farming sector is a significant contributor to the biofertilizers market, experiencing growth in the number of certified organic farms and record-high sales of organic products. Government initiatives, such as USDA providing resources to promote organic farming, also contribute to the demand for biofertilizers in North America. However, small-scale producers in Mexico face challenges due to high certification costs, but local market initiatives aim to make the organic label more accessible, fostering a sustainable food system and further driving the demand for biofertilizers in the region.

Covid-19 Recovery

The outbreak of COVID-19 hindered the growth of the regional market in focus in 2020-2021. The mandatory lockdowns imposed in 2020 resulted in a shortage of raw materials, such as phosphate, used for the manufacturing of biofertilizers in the region. This slowed down the manufacturing of biofertilizers, which created a supply-demand imbalance in the regional market in focus. This hindered the growth of the regional market in focus in 2020. However, lockdowns were lifted in Q4 2020, and business activities were resumed. The initiation of vaccination programs by the various government in the region in early 2021 resulted in the control of the spread of COVID-19. This led to the operation of the biofertilizers manufacturing facilities to operate at full- capacity. This led to an increase in the demand for biofertilizers due to an increase in agriculture activities in the region in 2021 and 2022. This trend is expected to continue and drive the growth of the regional biofertilizers market during the forecast period.

Technavio's Exclusive Biofertilizers Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Biofertilizers Market Customer Landscape

Who are the Major Biofertilizers Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Bioceres Crop Solutions Corp-  The company offers Biofertilizers such as micro beaded fertilisers and biofertilisers.
 

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Alltech Inc., Biomaxnaturals, Blacksmith Bioscience Inc., Corteva Inc., EnviroKure Inc., Futureco Bioscience SA, Gujarat State Fertilizers and Chemicals Ltd., Kiwa Bio Tech Products Group Corp., Lallemand Inc., Madras Fertilizers Ltd., Mapleton Agri Biotec Pty Ltd., Monarch Bio Energy LLC, National Fertilizers Ltd., Novozymes AS, NutriAg Group Ltd., PUSHPA J. SHAH, Rashtriya Chemicals and Fertilizers Ltd., SOM Phytopharma India Ltd., and Utkarsh Agrochem Pvt. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The biofertilizers market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Seed treatment
    • Soil treatment
  • Product Outlook (USD Million, 2017 - 2027)
    • Nitrogen-fixing biofertilizers
    • Phosphate-solubilizing biofertilizers
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

 

Biofertilizers Market Scope

Report Coverage

Details

Page number

164

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 12.76%

Market growth 2023-2027

USD 1,881.8 million

Market structure

Fragmented

YoY growth 2022-2023(%)

11.02

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 32%

Key countries

US, China, India, Spain, and Italy

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Alltech Inc., Bioceres Crop Solutions Corp., Biomaxnaturals, Blacksmith Bioscience Inc., Corteva Inc., EnviroKure Inc., Futureco Bioscience SA, Gujarat State Fertilizers and Chemicals Ltd., Kiwa Bio Tech Products Group Corp., Lallemand Inc., Madras Fertilizers Ltd., Mapleton Agri Biotec Pty Ltd., Monarch Bio Energy LLC, National Fertilizers Ltd., Novozymes AS, NutriAg Group Ltd., PUSHPA J. SHAH, Rashtriya Chemicals and Fertilizers Ltd., SOM Phytopharma India Ltd., and Utkarsh Agrochem Pvt. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Biofertilizers Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market industry across North America, Europe, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global biofertilizers market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global biofertilizers market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Seed treatment - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Seed treatment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Seed treatment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Seed treatment - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Seed treatment - Year-over-year growth 2022-2027 (%)
    • 6.4 Soil treatment - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Soil treatment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Soil treatment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Soil treatment - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Soil treatment - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ million)
      • Exhibit 43: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 44: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 46: Chart on Comparison by Product
      • Exhibit 47: Data Table on Comparison by Product
    • 7.3 Nitrogen-fixing biofertilizers - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Nitrogen-fixing biofertilizers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on Nitrogen-fixing biofertilizers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on Nitrogen-fixing biofertilizers - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Nitrogen-fixing biofertilizers - Year-over-year growth 2022-2027 (%)
    • 7.4 Phosphate-solubilizing biofertilizers - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Phosphate-solubilizing biofertilizers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Phosphate-solubilizing biofertilizers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Phosphate-solubilizing biofertilizers - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Phosphate-solubilizing biofertilizers - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Product
      • Exhibit 60: Market opportunity by Product ($ million)
      • Exhibit 61: Data Table on Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 India - Market size and forecast 2022-2027
      • Exhibit 95: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.11 Spain - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Spain - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Spain - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Spain - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Spain - Year-over-year growth 2022-2027 (%)
    • 9.12 Italy - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Italy - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Italy - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Alltech Inc.
              • Exhibit 115: Alltech Inc. - Overview
              • Exhibit 116: Alltech Inc. - Product / Service
              • Exhibit 117: Alltech Inc. - Key offerings
            • 12.4 Bioceres Crop Solutions Corp.
              • Exhibit 118: Bioceres Crop Solutions Corp. - Overview
              • Exhibit 119: Bioceres Crop Solutions Corp. - Business segments
              • Exhibit 120: Bioceres Crop Solutions Corp. - Key offerings
              • Exhibit 121: Bioceres Crop Solutions Corp. - Segment focus
            • 12.5 Biomaxnaturals
              • Exhibit 122: Biomaxnaturals - Overview
              • Exhibit 123: Biomaxnaturals - Product / Service
              • Exhibit 124: Biomaxnaturals - Key offerings
            • 12.6 Blacksmith Bioscience Inc.
              • Exhibit 125: Blacksmith Bioscience Inc. - Overview
              • Exhibit 126: Blacksmith Bioscience Inc. - Product / Service
              • Exhibit 127: Blacksmith Bioscience Inc. - Key offerings
            • 12.7 Corteva Inc.
              • Exhibit 128: Corteva Inc. - Overview
              • Exhibit 129: Corteva Inc. - Business segments
              • Exhibit 130: Corteva Inc. - Key news
              • Exhibit 131: Corteva Inc. - Key offerings
              • Exhibit 132: Corteva Inc. - Segment focus
            • 12.8 EnviroKure Inc.
              • Exhibit 133: EnviroKure Inc. - Overview
              • Exhibit 134: EnviroKure Inc. - Product / Service
              • Exhibit 135: EnviroKure Inc. - Key offerings
            • 12.9 Futureco Bioscience SA
              • Exhibit 136: Futureco Bioscience SA - Overview
              • Exhibit 137: Futureco Bioscience SA - Product / Service
              • Exhibit 138: Futureco Bioscience SA - Key offerings
            • 12.10 Gujarat State Fertilizers and Chemicals Ltd.
              • Exhibit 139: Gujarat State Fertilizers and Chemicals Ltd. - Overview
              • Exhibit 140: Gujarat State Fertilizers and Chemicals Ltd. - Business segments
              • Exhibit 141: Gujarat State Fertilizers and Chemicals Ltd. - Key offerings
              • Exhibit 142: Gujarat State Fertilizers and Chemicals Ltd. - Segment focus
            • 12.11 Kiwa Bio Tech Products Group Corp.
              • Exhibit 143: Kiwa Bio Tech Products Group Corp. - Overview
              • Exhibit 144: Kiwa Bio Tech Products Group Corp. - Product / Service
              • Exhibit 145: Kiwa Bio Tech Products Group Corp. - Key offerings
            • 12.12 Lallemand Inc.
              • Exhibit 146: Lallemand Inc. - Overview
              • Exhibit 147: Lallemand Inc. - Product / Service
              • Exhibit 148: Lallemand Inc. - Key offerings
            • 12.13 Madras Fertilizers Ltd.
              • Exhibit 149: Madras Fertilizers Ltd. - Overview
              • Exhibit 150: Madras Fertilizers Ltd. - Business segments
              • Exhibit 151: Madras Fertilizers Ltd. - Key offerings
              • Exhibit 152: Madras Fertilizers Ltd. - Segment focus
            • 12.14 Mapleton Agri Biotec Pty Ltd.
              • Exhibit 153: Mapleton Agri Biotec Pty Ltd. - Overview
              • Exhibit 154: Mapleton Agri Biotec Pty Ltd. - Product / Service
              • Exhibit 155: Mapleton Agri Biotec Pty Ltd. - Key offerings
            • 12.15 Novozymes AS
              • Exhibit 156: Novozymes AS - Overview
              • Exhibit 157: Novozymes AS - Business segments
              • Exhibit 158: Novozymes AS - Key news
              • Exhibit 159: Novozymes AS - Key offerings
              • Exhibit 160: Novozymes AS - Segment focus
            • 12.16 Rashtriya Chemicals and Fertilizers Ltd.
              • Exhibit 161: Rashtriya Chemicals and Fertilizers Ltd. - Overview
              • Exhibit 162: Rashtriya Chemicals and Fertilizers Ltd. - Business segments
              • Exhibit 163: Rashtriya Chemicals and Fertilizers Ltd. - Key offerings
              • Exhibit 164: Rashtriya Chemicals and Fertilizers Ltd. - Segment focus
            • 12.17 SOM Phytopharma India Ltd.
              • Exhibit 165: SOM Phytopharma India Ltd. - Overview
              • Exhibit 166: SOM Phytopharma India Ltd. - Product / Service
              • Exhibit 167: SOM Phytopharma India Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 168: Inclusions checklist
                • Exhibit 169: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 170: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 171: Research methodology
                • Exhibit 172: Validation techniques employed for market sizing
                • Exhibit 173: Information sources
              • 13.5 List of abbreviations
                • Exhibit 174: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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