GCC Biofertilizer Market

GCC Biofertilizer Market Overview:

The GCC biofertilizer market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. A biofertilizer contains microorganisms essential for plant growth and soil fertility. These pathogens colonize the interior of the plant or rhizosphere and encourage growth by controlling the number of primary nutrients reaching the plant host. Biofertilizers are produced using targeted microbes from a specific environment, such as plant tissues, bacteria, fungi, and rhizosphere. These candidate microbes are then cultivated and multiplied using a fermenter under optimal growth conditions. The fertilizers supply nutrients to plants using natural processes, such as phosphorus solubilization, nitrogen fixation, and the creation of growth-promoting chemicals. They also help restore the soil's natural nutrient cycle and maximize soil organic matter. Some commonly available biofertilizers in the market include rhizobium, azotobacter, cyanobacteria, azospirillium, and azolla, among others. When compared to chemical fertilizers, biofertilizers offer direct nutrition to plants, prevent crop diseases, improve overall soil fertility, reduce pollution, and increase the quality and quantity of crop yield.

The biofertilizer market in GCC is primarily driven by the increasing environmental consciousness and rising awareness regarding the benefits of the product. Biofertilizers are eco-friendly, have low production costs, and the raw materials are easily available in the region. In line with this, key market players are heavily investing in research and development (R&D) activities to examine the microbial persistence of biofertilizers in soil under different conditions, which is providing a considerable boost to the market growth. Moreover, the reducing fertile lands in the GCC countries has significantly surged the demand for high-performance biofertilizers, which is creating a positive outlook for the market. Additionally, regional governments are undertaking several initiatives to promote the adoption of biofertilizers and are offering financial assistance and subsidies to investors, which is bolstering the market growth. Besides this, rapid technological advancements, the surging demand for organic products, and improving farming practices are factors accelerating the market growth. 

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC biofertilizer market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC biofertilizer market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC biofertilizer market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC biofertilizer market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC biofertilizer market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC biofertilizer market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC biofertilizer market industry. Furthermore, the value chain analysis of the GCC biofertilizer market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Biofertilizer Market Segment Insights:

The GCC biofertilizer market has been analysed as followed:

By Type:

• Nitrogen-Fixing Biofertilizers
• Phosphate-Fixing Biofertilizers
• Others

By Crop:

• Cereals and Grains
• Pulses and Oilseeds
• Fruits and Vegetables
• Others

By Microorganism:

• Cyanobacter
• Rhizobium
• Phosphate Solubilizing Bacteria
• Azotobacter
• Others

 By Mode of Application:

• Seed Treatment
• Soil Treatment
• Others

By Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Biofertilizer Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC biofertilizer market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs