The bio-fertilizers market size will grow by $ 1.17 billion during 2019-2024 and is projected to witness robust growth at a CAGR of 14.13% during 2019-24. The growth in the global bio fertilizers market can be attributed to the growing adoption of advanced and sophisticated technologies by farmers to increase arable land and improve the overall productivity.
The global demand for bio-fertilizers is expected to rise because of growing consumer preference for organic food. Factors such as increased health consciousness, environmental awareness and rising disposable income are causing an extraordinary demand for organic foods globally. Due to increase in demand for food and decline in the total arable land, growing adoption of soil fertility management continues to increase, giving a major rise to the bio-fertilizers market, owing to their environment-friendly and chemical-free nature. Biofertilizers are natural fertilizers made from biological wastes which contain living micro-organisms. Unlike chemical fertilizers, biofertilizers are environment friendly. They enrich the soil with organic nutrients and improve the fertility of the soil which in turn promotes a healthy growth of the plant or the crop.
The growth in the industrial usage of corn is expected to drive the demand for the product over the forecast period. The utilization of corn in the high fructose corn syrup (HFCS) is likely to remain constant despite the decline in the domestic consumption. The growth is anticipated to remain constant for the HFCS owing to the export demand from Mexico which offset lower domestic demand.
Advantages of biofertilizers:
Improved Plants. Biofertilizers increase yield by up to 30 percent because of the nitrogen and phosphorus they add to the soil. The improvement in soil texture and quality helps plants grow better during periods of drought. Biofertilizers help plants develop stronger root systems and grow better.
Benefits of biofertilizers are:
These are means of fixing the nutrient availability in the soil. Since a bio-fertilizer is technically living, it can symbiotically associate with plant roots. Involved microorganisms could readily and safely convert complex organic material into simple compounds, so that they are easily taken up by the plants. Microorganism function is in long duration, causing improvement of the soil fertility. It maintains the natural habitat of the soil. It increases crop yield by 20-30%, replaces chemical nitrogen and phosphorus by 30%, and stimulates plant growth. It can also provide protection against drought and some soil-borne diseases.
The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Bio Fertilizer by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
PRODUCT TYPE COVERAGE MARKET SIZE & FORECAST, MAJOR COMPANY OF PRODUCT TYPE ETC.:
Bacterial Fertilizer
Actinomycetes Fertilizer
Fungi Fertilizer
COMPANY COVERAGE SALES REVENUE, PRICE, GROSS MARGIN, MAIN PRODUCTS ETC.:
AZOMURES
Agriculture Solutions Inc.
Bio Power Lanka
Cambi AS
EuroChem Agro GmbH
Gujarat State Fertilizers and Chemicals Ltd.
International Panaacea Limited
Lallemand Inc.
Nachurs Alpine Solutions
National Fertilizers Limited
APPLICATION COVERAGE MARKET SIZE & FORECAST, DIFFERENT DEMAND MARKET BY REGION, MAIN CONSUMER PROFILE ETC.
Cereals
Fruits and Vegetables
Others
Region Coverage Regional Production, Demand & Forecast by Countries etc.
North America U.S., Canada, Mexico
Europe Germany, U.K., France, Italy, Russia, Spain etc.
Asia-Pacific China, India, Japan, Southeast Asia etc.
South America Brazil, Argentina etc.
Middle East & Africa Saudi Arabia, South Africa etc.
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