The Bio-fertilizers Market report comprises the current size and trends with Assessment. It also provides with different types of product segments of the global market. The Bio-fertilizers Market report offers the global market potential rates of the Bio-fertilizers market along with various product segments.
The total bio-fertilizers market is projected to witness a growth rate of 14.2% from 2017-2023. The market is expected to reach $ 2.8 billion by 2023.
Increasing awareness about maintaining soil fertility and adopting environmentally friendly techniques is a major factor behind the bio-fertilizers market growth. There are many benefits associated with bio-fertilizers such as less soil & water contamination, better endurance with seeds & soil, increasing the range of nutrient absorption in soil,.
Soil fertility management techniques have received certain importance due to the rising demand for food and the loss of arable land, globally. Severe health impacts as well as contamination of soil, water, and air have been observed due to the use of synthetic or chemical fertilizers.
Such hazardous impacts of synthetic fertilizers and the growing demand for food boosts the market growth of bio-fertilizers.
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In 2017, Cyanobacteria is the most popular segment in terms of microorganisms, which accounted for the largest market share in the bio-fertilizers market. Cyanobacterial bio-fertilizer harnesses basic natural inputs such as nitrogen, water, and solar energy to ensure as well as enhance soil fertility and plant growth.
Phosphate soluble bacteria are expected to witness the fastest growth during the forecast period, due to its need to increase the P2O5 content in soil. By crop type, cereals and grains was observed as the leading segment as it constitutes the basic food elements of people.
In terms of form of bio-fertilizers, liquid formulations that consist of the desired micro form of nutrients, organisms,., which promotes the formation of resting spores, was the largest market segment in 2017. Liquid bio-fertilizers are forbearing to UV radiations and high temperature.
They have a shelf life of approximately two years, which are applied using fertigation tanks, hand sprays,. The liquid bio-fertilizer is projected to witness the highest growth rate during the forecast period due to high enzymatic activity and high acceptance rate amongst consumers.
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North America was the largest market for bio-fertilizers in 2017. The growing awareness of consumers regarding harmful health impacts caused due to chemical fertilizers and the growing culture of organic farming drive the market growth in the region.
The ban of certain chemicals such as glyphosate, atrazine, chlorpyrifos, 2,4-D,., has stimulated the requirement of bio-fertilizers in the region. Asia-Pacific has adopted environmentally friendly techniques of farming.
However, a dearth of knowledge and awareness as well as availability of low cost chemical fertilizers limits the usage of bio-fertilizers in several countries of Asia-Pacific.
Companies across the globe are spending extensively on R&D to provide their customers with beneficial bio-fertilizers. Some of the leading manufacturing companies include Biomax, Camson Bio Technologies Limited, Gujarat State Fertilizers & Chemicals Ltd, Lallemand Inc, Madras Fertilizers Limited, Novozymes A/S, National Fertilizers Limited , Nutramax Laboratories, In, Rizobacter Argentina S.A., Rashtriya Chemicals & Fertilizers Ltd., T.Stanes & Company Limited, Agri Life, CBF China Bio-Fertilizer AG, Kiwa Bio-Tech Products Group Corporation, Krishak Bharati Cooperative, & others.
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.
Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Cost Margin Analysis
Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Collaborations or tie-ups
Annual Production, and sales
Average Selling Price
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