Market Overview:

The China biofertilizers market size is projected to grow at a CAGR of 13.07% during the forecast period. The escalation is due to the escalating awareness regarding the usage of biofertilizers amongst consumers and farmers.

This information is provided by Fortune Business Insights™ in its research report, titled “China Biofertilizers Market, 2025-2032”.

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List of Top China Biofertilizers Companies:

• Genliduo Bio-Tech Corporation Ltd. (China)
• Shanxi Haozhida Biotechnology Co., Ltd. (China)
• UPL Limited (India)
• Binzhou Jingyang Biology Fertilizer Industry Co., Ltd. (China)
• Kiwa Bio-Tech MumbProducts Group Corporation (U.S.)
• Lallemand Inc. (Canada)
• Symborg (Spain)
• Chr. Hansen Holding A/S (Denmark)
• Xingtai Sinobest Biotech Co., Ltd, (China)
• CBF China Biofertilizers AG (Germany)

Report Coverage:

The report gives a comprehensive analysis of the major factors spurring China biofertilizers market share over the forecast period. It further provides an insight into the key trends propelling the industry scenario over the forthcoming years. Some of the additional aspects include the pivotal steps taken by key companies for strengthening their position in the market.

Source: https://www.fortunebusinessinsights.com/china-biofertilizers-market-107605

Drivers and Restraints:

Surge in Industry Share Driven by Favorable Awareness Initiatives by Governments of Various Countries

The China biofertilizers market growth is being driven by an increase in awareness regarding the overuse of synthetic fertilizers and the poor utilization efficiency in agricultural production. These initiatives were undertaken by the governments of various countries.

However, the industry expansion is impelled by low investments by local producers. Additional factors restricting market growth are the lack of specific regulations regarding the use and registration of biofertilizers.

Competitive Landscape:

Leading Companies Introduce New Products to Strengthen Industry Growth

Major biofertilizers market players are entering into a series of strategic initiatives for strengthening their industry position. Some of these steps comprise mergers, acquisitions, and the rollout of new products. Other initiatives include an increase in research activities and the launch of new products.

KEY INDUSTRY DEVELOPMENTS: 

• September 2022 – Corteva Agriscience signed an agreement and acquired Symborg and its other subsidiaries, including China subsidiaries. The company will fulfil the rising demand for organic products in the country by providing sustainable biologicals for production.
• January 2022 – Asfertglobal, a developer of organic biofertilizers, expanded its agricultural business by serving local growers across China. Such instances will further strengthen the geographical reach as well as the profits of the company.