Global Biofertilizers Market Statistics, Development and Growth 2017 to 2023
Summary – A New Market Study, “Biofertilizers
Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor
Analysis 2012 to 2016 and Forecast 2017 to 2023” Has Been Featured On Wiseguyreports.
Biofertilizers
are the substances with microorganisms when applied to the plant surfaces, soil
or to the seed will colonize the rhizosphere or interior parts of a plant and
promotes growth. Biofertilizers able to add nutrients through the natural
process of solubilizing phosphorous, fixing atmosphere nitrogen and stimulate
plant growth by synthesizing the substances. Biofertilizers are the class of
agrochemicals which are made of organic materials in major quantities. Nowadays
farmers are avoiding chemical fertilizers in order to minimize the harmful
effects on biodiversity and environment. But synthetic products are still used
widely because of the long life and effectiveness of the products. These biofertilizers
are potentially used in soil treatment, root dripping and seed treatment.
Biofertilizers
market is expected to gain traction over the forecast period due to rising
inclination towards eco-friendly or less hazardous fertilizers. The rapid
growth of biofertilizers market is due to an increase in demand for the organic
food globally. Furthermore, increase in per-capita income and improved
standards of living, growing concern about the environment by the impact of the
chemical fertilizers, a rise in support of the governments of the manufacturers
will fuel the growth of biofertilizers market. However, low product efficacy
under unfavourable conditions, easy regulatory framework and high demand for
the synthetic fertilizers, lack of awareness to the farmers about the benefits
and application of biofertilizers are the factors which are hampering the
growth of the biofertilizers market.
The biofertilizers
market is classified on the basis of type, application, form, crop type,
microorganism and geography.
Based on the
type, the global biofertilizers market is segmented into
Phosphate-solubilizing
Nitrogen-fixing
Potash-mobilizing
Others (Sulphur-solubilizing
biofertilizers boron, and zinc)
Based on the
crop type, the global biofertilizers market is segmented into
Pulses &
oilseeds
Cereals &
grains
Fruits &
vegetables
Others (
fiber crops, turf & ornamentals plantation crops, silage & forage
crops)
Based on the
microorganism, the global biofertilizers market is segmented into
Azotobacter
Rhizobium
Azospirillum
Phosphate-solubilizing
bacteria
Cyanobacteria
Others (aulosira,
nostoc Azolla, Anabaena, and tolypothrix)
Based on the
application, the global biofertilizers market is segmented into
Seed
treatment
Soil
treatment
Others (set
treatment, foliar treatment, root dipping, and seedling root treatment)
Based on the
form, the global biofertilizers market is segmented into
Dispersible
granule
Pure &
mixed liquid fermentations
Powder
Pellet
Awareness
about the environment and growing demand for fertile soil and organic foods are
propelling market revenue. Government initiatives such as European Union’s
Common Agricultural Policy is promoting a biobased product and offering
approximately 30 % of total budget as direct green payment for the farmers who
are adhering to sustainable agricultural practices. Governments of India and
China also undertaken many initiatives in order to educate the farmers
regarding usage of biofertilizers to enhance the protection of the crop.
On the basis
of geographical regions, Biofertilizers Market is classified as into five key regions
as Europe, Asia- Pacific, North America, Middle East & Africa and Latin
America. North America holds the largest share and demand for biofertilizers
followed by Europe owing to the favourable regulatory scenario, the presence of
many developed regions, demand for high yielding crops, high progress in
biotechnology especially in fermentation technology etc. Asia Pacific region
also holds a significant position in the biofertilizers market due to growing
organic food industry, increase in farm expenditures, government initiatives
such as campaigns for the awareness regarding biofertilizers and favourable
incentive schemes.
Some of the
players in biofertilizers market are Madras Fertilizers Limited (India),
Novozymes A/S (Denmark), National Fertilizers Limited (India), Novozymes A/S
(Denmark), Nutramax Laboratories Inc. (U.S.), Rizobacter Argentina S.A.
(Argentina), Camson Bio Technologies Limited (India), T. Stanes & Company
Limited (India), Gujarat State Fertilizers & Chemicals Ltd. (India),Rashtriya
Chemicals & Fertilizers Ltd. (India), and Lallemand Inc. (Canada).
In 2016
February, Kiwa Biotech Products Group Corporation and CCOOP Group Co. Ltd
entered into a strategic cooperation agreement for manufacturing and marketing
biofertilizers.
Report Outline:
The report
provides granular level information about the market size, regional market
share, and forecast from 2017-2023
The report
covers in-detail insights about the competitor’s overview, key findings, and
their key strategies
The report
outlines drivers, restraints, challenges, and trends that are currently faced
by the industry
The report
tracks recent innovations, key developments, and startup’s details that are
working in the industry
For More Details : https://www.wiseguyreports.com/reports/2753900-biofertilizers-market-global-market-estimation-dynamics-regional-share-trends-competitor
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