Global Bio-fertilizers Market Overview
Bio-fertilizers, consists of living micro-organisms which are environment friendly in nature, are used to supply additional nutrients to the soil by increasing the soil fertility to enhance the growth and quality of crops.
Health hazards caused by the chemical fertilizers are on a continuous rise and as a result a continuous decline in the use of chemical based fertilizers can be seen in recent years. As a result, organic farming across the globe is gaining its ground and is being preferred by majority of the population at present. In addition to that, rising health concerns by consuming chemical based fertilizers food and a shift towards non-hazardous grown food to pave the new ways for bio-fertilizers manufacturers and suppliers.
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Market size and forecast
The global bio-fertilizers market is projected to expand at a CAGR of 13.6% over the forecast period i.e. 2016-2023. Further, the global market estimated to reach USD 1. 58 Billion by 2023 from USD 610.2 Million in 2015. The global market of bio-fertilizers is expected to uplift on the back of rising demand of organic food and growing awareness towards the benefit of bio-fertilizers among the farmers.
North-America had accounted the largest revenue share of 31.3% in 2015 of overall bio-fertilizers market across the globe. Growing demand of organic food in U.S. and Canada is likely to upsurge the market of North-America in near future. Further, the bio-fertilizers market of North-America region is estimated to grow significantly at a CAGR of 15.6% over the forecast period i.e. 2016-2023 on account of growing preference towards organic food in order to maintain health and fitness and rising awareness towards harmful effects of chemical fertilizers on environment.
Our in-depth analysis segmented the global bio-fertilizer market in the following segments:
By Product Outlook
Others(zinc, boron or sulphur-solubilizing)
Other(nostoc, anabaena, tolypothrix)
Cereals and grains
Pulses and oil seeds
Fruits and vegetables
Others(plantation crops, forage crops)
Global bio-fertilizer market is further classified on the basis of region as follows:
North America (United States /U.S. & Canada)
Latin America (Brazil, Mexico, Rest of Latin America)
Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia)
Middle East and North Africa (MENA)
Rest of World
Growth Drivers and challenges
Factors such as enhancing soil fertility, introduction of effective bio-fertilizers, rising awareness towards environmental concerns, cost-effective bio-fertilizers, government mandates and growing demand of organic food among the population are expected to uplift the market of bio-fertilizers over the forecast period. The market is majorly driven on the back of factors such as growing need of food on account of rising population across the globe, rising concern towards good quality crops, increasing demand for the proper growth of cereals and grain.
The key vendors of bio-fertilizer market are as follows:
Agriculture Solutions Inc.
Key Product Offerings
Contact Key extracts from the Table of Content of Bio Fertilizers Market 2016-2023 report:
Bio Fertilizers Market Size and Forecast, 2016-2023
Bio Fertilizers Market CAGR for the Period 2016-2023
Bio Fertilizers Market Y-O-Y for the Period 2016-2023
Bio Fertilizer Market Demand & Supply Analysis
Bio Fertilizers Market Investment Attractiveness
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