North America Biofertilizer Market Surveying Report, Drivers, Scope and Regional Analysis by 2026

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North America Biofertilizer Market

According to IMARC Group’s latest report, titled North America Biofertilizer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″, the market reached a value of US$ 688 Million in 2020. Biofertilizer, an organic substance, consists of living microorganisms that facilitate the strength, health, and growth of a plant. The fertilizer also helps in nitrogen fixation, solubilizes phosphorus, and enhances soil fertility for the plant. It is commonly applied on plant surfaces, seeds, soil, or the plant interior to supply primary nutrients for the plant. Biofertilizers also eliminate the use of pesticides and chemical fertilizers as it is completely eco-friendly. The most commonly used biofertilizer include nostoc, Anabaena, Tolypothrix, Azospirillum, and Aulosira Genera.

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The increasing demand for organic food, the rising awareness regarding the ill effects of chemicals, and expanding land area for organic farming across the region are the key factors driving the market growth. The increasing investments in the research and development (R&D) activities to develop enhanced solutions, the easy availability of the product, and suitable economic value are other growth-inducing factors. Apart from this, the growing awareness regarding the environmental benefits of biofertilizers and favorable government policies are creating a positive outlook for the market. Looking forward, IMARC Group expects the North America Biofertilizer market to grow at a CAGR of 13.1% during 2021-2026.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

  • Key Regions Analysed
    • United States
    • Canada
    • Mexico
  • Analysis for Each Country
  • Market by Type
    • Nitrogen-Fixing Biofertilizers
    • Phosphate-Fixing Biofertilizers
    • Others
  • Market by Crop
    • Cereals and Grains
    • Pulses and Oilseeds
    • Fruits and Vegetables
    • Others
  • Market by Microorganism
    • Cyanobacter
    • Rhizobium
    • Phosphate Solubilizing Bacteria
    • Azotobacter
    • Others
  • Market by Mode of Application
    • Seed Treatment
    • Soil Treatment
    • Others
  • Value Chain Analysis
  • Key Drivers and Challenges
  • Porters Five Forces Analysis
  • PESTEL Analysis
  • Government Regulations
  • Competitive Landscape
    • Competitive Structure
    • Key Player Profiles

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Key highlights of the report:                                                    

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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