The report provides a clear image of this Biofertilizers Market scenario and so the expected method forward for the trade. The report focuses on the premise of market drivers, restraints, growth, trends, and forecast for the period of 2018-2025. In addition, the report collectively maps the market performance by value chain analysis which may facilitate in higher product differentiation besides the analysis of each innovate terms of size, share, market attractiveness index and rate of growth.
Biofertilizers are inputs of living microorganisms that supply necessary nutrients to applied plants/crops. Living microorganisms provide the soil and plant with primary nutrients and organic matter in the soil by maintaining the fertility by continuing the natural nutrient cycle. It is beneficial for the growth of the plants through application on the seed, plant surfaces or in soil. The use of biofertilizers will restrict the usage of chemical fertilizers and pesticides. Biofertilizers are produced from human and organic wastes, which are rich in nutrients required by the plants and soil.
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Global biofertilizers market is segmented based on crop types such as cereals and grains, pulses and oilseeds and fruits and vegetables. Biofertilizers for fruits and vegetables are the major type in demand owing to the need for rising food demands. Based on microorganisms, the global biofertilizers market is segmented as rhizobium, azotobacter, azospirillium, cyanobacteria, and phosphate-solubilizing bacteria. Based on products, global biofertilizers market is segmented as nitrogen fixing, phosphate solubilizers and other (potash mobilizing, zinc solubilizing etc.). Global biofertilizers market find major applications in seed treatment and soil treatment. Seed treatment is the widely adopted application whereas in Asia Pacific, soil treatment is at preference.
North America followed by Europe account the major market share in the global biofertilizers market. Asia Pacific is the leading region in terms of demand with major application as soil treatment in the global biofertilizers market. This region is flourishing, owing to the growth in demand from markets such as India, China and Taiwan. Growing agricultural activities and awareness & preference to organic food is driving the global biofertilizers market. Latin America is projected to experience rapid growth in the global biofertilizers market and Brazil to flourish in the region. In the global biofertilizers market, CBF China Biofertilizers AG, Novozymes A/S, Agri Life, Antibiotice S.A, Biomax, Mapleton Agribiotec, Labiofam S.A. and Symborg S.L and others are the major companies striving to meet the global demand.
Segmentations In Report:
1. By Crop Types:
> Cereals And Grains
> Pulses And Oilseeds
> Fruits And Vegetables
2. By Microorganism:
> Phosphate-Solubilizing Bacteria
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