Leading Players in the Thriving Biofertilizers Market
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:
- 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.
- 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.
- 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.
- 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.
- 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.'
- 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.
- 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.
- 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.
- 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.
- 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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Meticulous Research®
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