A biofertilizer is an organic compound containing live microorganisms that promote plant growth and resistance. It can be applied to seeds, plant surfaces, soil, or the plant’s interior to provide necessary primary nutrients. Biofertilizers contribute to nitrogen fixation, plant development, phosphorus solubilization, and soil fertility. As an environmentally beneficial ingredient, biofertilizer decreases the need for chemical fertilisers and pesticides.
According to SPER market research, ‘North America Biofertilizers Market Size- By Microorganism, By Technology Type, By Application, By Crop Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the North America Biofertilizers Market is estimated to reach USD 3.34 billion by 2033 with a CAGR of 13.63%.
The world’s largest biofertilizer market is located in North America. The region’s rising demand for organic food has boosted demand for biofertilizers. The biofertilizer market has benefited from innovative technologies, simple access to the product, increasing land area for organic farming, and reasonable pricing. In the next years, the market will be driven by increased awareness of biofertilizers’ multiple health and environmental benefits. Global farmers are embracing biofertilizers in response to increased government initiatives, notably in low-input agriculture that promotes sustainable practices.
Biofertilizers address modern agriculture’s growing requirement for sustainability by reducing greenhouse gas emissions, conserving energy and water, and lowering drought risks. Biofertilizers improve soil health and agricultural yield while also providing phytohormones that promote plant development. Notably, unlike chemical fertilisers, biofertilizers have no long-term environmental consequences, making them a cost-effective and sustainable source of plant nutrition while also promoting integrated nutrition management in agriculture.
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The North American biofertilizer business is facing problems due to adverse price circumstances and limited government support for organic agriculture. To benefit on the rising desire for organic farming, the biofertilizer industry must overcome challenges such as limited government support and cost considerations. Furthermore, there are disadvantages to biofertilizer products, such as their short shelf life and susceptibility to contamination. High temperatures kill the microorganisms in biofertilizers, necessitating storage in a cool, dry environment. Microorganism survival during storage is a difficulty for agricultural inoculation technology, which is influenced by a variety of factors including the culture medium, harvesting circumstances, dehydration process, drying rate, temperature management, and water activity.
Impact of COVID-19 on North America Biofertilizers Market
Furthermore, the United States has the greatest number of confirmed COVID-19 instances in the area, which has a negative influence on biofertilizer market manufacturing, R&D, and development. The pandemic’s effects on food supply chains have caused interruptions in manufacturing and raw material procurement, harming the biofertilizer industry. The pandemic has impacted consumers’ lifestyles, increasing interest in organic farming and creating a demand for healthier food items. Because of the epidemic, people are becoming more aware of the importance of organic food, which encourages the adoption of organic agricultural practices and, as a result, increases the need for biofertilizers in the North American market.
North America Biofertilizers Market Key Players:
The United States accounted for a large share of market revenue, making it the leading market. Mexico is a developing market in North America’s biofertilizer industry. Furthermore, some of the market’s leading companies are BioFert Manufacturing Inc., California Organic Fertilizers, Inc., Agriculture Solutions, Inc., Agrinos, Agrocare Canada, Fertilizers USA LLC, Fertoz, Kiwa Bio-Tech Products Group Corporation, Lallemand Inc., Nutrein Ltd, Orgunique, Rizobacter Argentina SA, Others.
Our in-depth analysis of the North America Biofertilizers Market includes the following segments:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Microorganism:
- Azospirillum
- Azotobacter
- Blue-green Algae
- Mycorrhiza
- Phosphate Solubilizing Bacteria
- Rhizobium
- Other Microorganisms
By Technology:
- Carrier Enriched Biofertilizers
- Liquid Biofertilizers
- Other Technology Types
By Application:
- Seed Treatment
- Soil Treatment
By Crop Type:
- Commercial Crops
- Fruits and Vegetables
- Grains and Cereals
- Pulses and Oilseeds
- Other Crop Types
By Region:
- Canada
- Mexico
- United States
- Rest of North America
For More Information, refer to below link:-
North America Biofertilizers Market Demand
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Sara Lopes, Business Consultant – U.S.A.
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