Microalgae Fertilizers Market Analysis

Species (Spirulina, Chlorella, Euglena & Nanoparticles, Nostoc, Special Type)

In microalgae fertilizers market, spirulina segment is anticipated to exceed USD 1.6 Billion by 2037. The segment growth can be credited to the growing focus on health and fitness, consumers are looking for nutrient-rich foods. Spirulina contains a large number of the vital nutrients that our systems require. It contains critical vitamins, phytonutrients such as the uncommon essential fatty acid GLA, sulfolipids, glycolipids, and polysaccharides, and at least 60% protein derived entirely from vegetables.

This encourages plants to be able to access nutrients. Moreover, consumers who care about the environment favor spirulina due to its natural origin and sustainable production methods. Microalgae containing spirulina improve crop yield and plant growth. It is therefore used in organic fertilizers.

Source (Marine Water, Fresh Water)

Marine water segment in the microalgae fertilizers market is expected to register growth of over 7% till 2037. The segment growth can be attributed to the growing technological advancements in the sustainable production of marine water microalgae in the fertilizers sector. Microalgae can develop in a rich and varied habitat found in marine water sources. There are many different types of microalgae in the seas and oceans. These microalgae's high nutritional content and quick growth rates make them ideal for commercial culture.

End-use (Biofertilizers, Biocontrol, Soil Microalgae, Biostimulants, Fungicide & Insecticide, Pesticide, Soil Conditioner, Agriculture Herbicide, Animal Repellent)

Biofertilizers segment is likely to dominate over 30% microalgae fertilizers market share by 2037. The rapid global population expansion that has resulted in a shortage of natural resources, significant emphasis on environmental protection, and increased attention to agriculture-particularly given the growing global need for food-are the main drivers of this segment's growth.

According to the United Nations Organization, the population of the world is predicted to rise by almost 2 billion people over the course of the next 30 years, from the present 8 billion to 9.7 billion in 2050, with a potential peak of roughly 10.4 billion in the middle of the 1980s.

Moreover, growing interest has been shown in using microalgae biomass as a potent biofertilizer on agricultural land due to its high concentration of micro- and macronutrients, bioactive compounds, and phytohormones, which produce positive biochemical effects in the soil ecosystem through interactions between crops and the soil microbiome.

Our in-depth analysis of the global microalgae fertilizers market includes the following segments: