Japan Biofertilizers Market Size, Share | Insights Forecasts to 2030Industry: Agriculture
Japan Biofertilizers Market Overview: Statistics
- The Japan Biofertilizers Market was valued at USD 72.3 million in 2021.
- The market is growing at a CAGR of 10.87 % from 2022 to 2030
- The Japan Biofertilizers Market is expected to reach USD 183.6 million by 2030
The Japan Biofertilizers Market Size is expected to reach USD 183.6 million by 2030, at a CAGR of 10.87% during the forecast period 2022 to 2030. The Japanese biofertilizers market is anticipated to expand significantly during the study period, Japan's demand for biofertilizers is being driven by an increase in demand for sustainable and eco-friendly farming practices, as well as a growing awareness among farmers about the benefits of using biofertilizers instead of chemical fertilizers.
Biofertilizers are biological products containing living microorganisms that, when applied to seed, plant surfaces, or soil, promote growth through a variety of mechanisms such as increasing nutrient supply, root biomass or root area, and plant nutrient uptake capacity. Biofertilizers can form symbiotic relationships with plant roots and convert complex organic matter into simpler compounds, enriching the soil with organic matter and promoting plant growth. The biofertilizers market is expected to grow steadily in the coming years due to rising demand for fertilizers that are compatible with sustainable and organic farming and agriculture practices. Some of the key factors driving the Japan biofertilizers market growth are increased soil fertility, increased nutrient absorption by plants, and low risk to human health associated with biofertilizers. The Government of Japan is implementing several initiatives, such as farm-level extension and direct production subsidies, which are resulting in positive market growth opportunities. Furthermore, various technological advancements, such as strain improvement using genomic and biotechnological tools for improved nutrient fixation and plant growth, are contributing to the market's growth.
This research report categorizes the market for Japan Biofertilizers Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan Biofertilizers Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan Biofertilizers Market.
The major factor driving the Japan market is increased awareness of the harmful effects of chemical fertilizers on the environment. Governmental support is also a key driver of the market, as the over-use of chemical fertilizers and their potential negative effects on human health has encouraged the promotion of biofertilizers. Manufacturers are also concentrating on bacterial biofilm carriers, nanotechnology-based microbial inoculants, and artificial selection of plant growth-promoting rhizobacteria (PGPR) to produce more enriched and effective product varieties, which is also expected to drive the Japan biofertilizers market growth.
Biofertilizers have a higher production cost than conventional fertilizers because they require specialized machinery and equipment. Biofertilizers have a lower nutrient density than conventional fertilizers, requiring more products to achieve the same effect. This factor is expected to limit market growth during the forecasted years.
Based the of microorganism, the Japan biofertilizers market is segmented into rhizobium, azotobacter, azospirillum, blue-green algae, phosphate solubilizing bacteria, mycorrhiza, and other microorganisms. Rhizobium is the most common type of microorganism used in agriculture due to its critical role in providing the primary nitrogen source in the soil.
Based on the type, the Japan biofertilizers market is segmented into nitrogen fixing biofertilizers, phosphate solubilizing and mobilizing biofertilizers, potash solubilizing and mobilizing biofertilizers, and others.
The report offers the appropriate analysis of the key organizations/companies involved within the Japan Biofertilizers Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Chubu Ecotec Co., Ltd
- Seiwa Fertilizer Ind. Co., Ltd.
- NIHON YUUKI CO LTD
- Ark Japan Co., Ltd.
- Yomiyamasangyou Co., Ltd.
- Zen-noh Green Resources Corporation
- Inui Corporation
- Sanwa Trade International
- Yuda Chemicals
- Shinkawa Fertilizer
- Ryokuden Corporation
- Globiz Co., Ltd.
- Green Earth Inc.
- Global Empathy
- Yumiba Trading Co., Ltd.
- Fourks Corporation
- GREEN KOSUMOSU FERTILIZER CO., LTD
- Bionet Co., Ltd.
Key Target Audience
- Japan Biofertilizers Market Players
- Japan Biofertilizers Investors
- Japan Biofertilizers End-users
- Japan Biofertilizers Government Authorities
- Japan Biofertilizers Consulting and Research Firm
- Japan Biofertilizers Venture capitalists
- Japan Biofertilizers Value-Added Resellers (VARs)
This study forecasts revenue at, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the Japan Biofertilizers Market based on the below-mentioned segments:
Japan Biofertilizers Market, By Microorganism
- Blue-Green Algae
- Phosphate Solubilizing Bacteria
Japan Biofertilizers Market, By Type
- Nitrogen fixing Biofertilizers
- Phosphate Solubilizing and Mobilizing Biofertilizers
- Potash Solubilizing and Mobilizing Biofertilizers
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