According to Goldstein Research, global biofertilizer industry estimated at USD 0.52 billion in 2016, which is estimated to reach USD 3.4 billion by 2024, growing at a CAGR of 13.18% over the forecast period 2016-2024. Bio-fertilizers strong resistance against the developing crop diseases is the key factor driving market demand. The demand of fertilizers is witnessed to continue to increase from the developing countries owing to rising awareness towards the harmful impact of chemical fertilizers and growing inclination towards organic food.
Further geographically, global bio-fertilizers industry is dominated by Asia Pacific region with a market share of 32.0% valued at USD 1.1 billion in 2016. APAC is followed by Europe, due to the government agricultural policies towards sustainable agriculture practices & increased production. Thus, Europe bio-fertilizers market is expected to grow at a CAGR of 14.2% during the forecast period.
Global Bio-fertilizers Market can be segmented as follows:
Based on Bio-fertilizer Type
• Nitrogen- Fixing Bio-fertilizers Market Analysis, 2016-2024
• Potash-Mobilizing Bio-fertilizers Market Analysis, 2016-2024
• Phosphate-Solubilizing Bio-fertilizers Market Analysis, 2016-2024
• Plant Growth Promoting Bio-fertilizers Market Analysis, 2016-2024
Based on Crop Type
• Fruits and Vegetables
• Cereals and Grains
• Oilseeds and Pulses
• Other Crops ( Cash Crops, Fiber Crops, Forage Crops)
Based on Application
• Soil Treatment
• Seed Treatment
• North America Bio-fertilizers Market Analysis, 2016-2024
• Europe Bio-fertilizers Market Analysis, 2016-2024
• Middle East And Africa Bio-fertilizers Market Analysis, 2016-2024
• Latin America Bio-fertilizers Market Analysis, 2016-2024
• Asia Pacific Bio-fertilizers Market Analysis, 2016-2024
• Rest Of The World Bio-fertilizers Market Analysis, 2016-2024
Bio-fertilizers are eco-friendly and cost-effective source which provides sufficient nutrients to plants and are great substitutes for chemical fertilizers.Moreover, there are stringent government environmental regulations regarding the usage of inorganic fertilizers as they impact air, water and soil quality which contribute to greenhouse gases and adversely impact biodiversity .Bio-fertilizers Market can play a major role in overcoming the dependency on phosphatic fertilizers market to raise crop productivity. Stringent government environmental regulations regarding the usage of inorganic fertilizers as they impact air, water and soil quality which contribute to greenhouse gases and adversely impact biodiversity.
“Global Bio-fertilizers Market Outlook 2024” contains detailed overview of the global bio-fertilizers market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by bio-fertilizers type, crop type, application and geography.
The Global Biofertilizer Market Analysis highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities andinvestments. The in-depth analysis of bio-fertilizers market report will help the clients to assess their business strategies as per the competitive environment in the market space.
Major players of the global bio-fertilizers marketdiscussedin the report are: Gujarat State Fertilizers & Chemicals Ltd., National Fertilizers Ltd., Novozymes, Lallemand Inc., Madras Fertilizers Limited (India), Camson Bio Technologies Private Limited, Nachurs Alpine Solutions, International Panaacea Limited, Krishak Bharti Co-operative Ltd (KRIBHCO), AZOMURES, Rizobacter Argentina S.A., International Panaacea Limited, EuroChem Agro GmbH, Bio Power Lanka, Ajay Bio-Tech (India) Ltd, Agri Life, Antibiotice S.A., Biomax,etc.
Further, Global Bio-fertilizers Industry Report encompasses the major trends & growth opportunities, market dynamics and other growth factors. The Bio-fertilizers Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. Report also includes the expert analysis which provides complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.