Market Share of South America Biofertilizers Industry
The South American biofertilizer market is highly fragmented, with the top seven market players accounting for a small share of the market, owing to the presence of large international and local markets. Collaborations with government organizations, expansions in the market, and product innovations are some of the strategies adopted by the companies.
For instance, Rizobacter Argentina SA invested around 30% of its profit earnings in R&D activities, while 49 projects are still under development. It has nine subsidiaries, including Bolivia, Brazil, Paraguay, Colombia, and Uruguay.
South America Biofertilizers Market Leaders
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Nutrien Ltd
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Agrinos AS
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Lallemand Inc.
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Rizobacter Argentina SA
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Novozymes A/S
*Disclaimer: Major Players sorted in no particular order
