Biofertilizers Market

Biofertilizer is a substance that consists of living microorganisms, which help in the growth of plants by increasing the supply of nutrients to it. When applied to seed, soil, or plants, it increases soil nutrients or make them biologically available for plants. As biofertilizers are required in natural cultivation, the market is encounters a solid development across the world. Nitrogen fixing biofertilizers are broadly being used by farmers in the production of various high demand crops, such as wheat, rice, and oilseed. These biofertilizers can correct the nitrogen level in the soil, hence, supporting proper plant growth.

Factors that drive the global biofertilizers market include increase in level of nitrogen and phosphorus available to plants, more naturally than other fertilizers and improvement of soil by restoring its normal fertility. In addition, biofertilizers boost the improvement of soil texture and quality, which helps plants to grow better during severe conditions, such as drought. Moreover, biofertilizers are cheap and easy-to-use alternatives to manufactured petrochemical products. However, the major constraint for biofertilizers market is that it requires special care for long term storage and needs to be used prior to their expiration date. Another major factor that hinders the is market growth is the lack of proper training in organic farming and inadequate knowledge among farmers regarding biofertilizers.

The global biofertilizers market is segmented by product type, microorganism type, application, crop type, and region. By product type, it is segmented into nitrogen fixing biofertilizers, phosphorus biofertilizers, compost biofertilizers, and liquid biofertilizers. By microorganism type, it is divided into Rhizobium, Azotobacter, Azospirillum, blue-green algae, Mycorrhiza, phosphate solubilizing bacteria, and other microorganisms. By application, it is segregated into seed treatment, soil treatment, and others. By crop type, it is categorized into fruits & vegetables, pulses & oilseed, and cereals & grains. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East and Africa). Among these, Asia- pacific is the fastest growing market for biofertilizers, as it is highly populated and shows high consumption of biofertilizers.

Key Benefits for Stakeholders:

• The global biofertilizers market size has been analyzed across four major regions.
• Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of biofertilizers for strategy building.
• The report outlines the current market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets. The Biofertilizers Market is forecasted for 2019-2026.
• Major countries in each region have been mapped according to their individual revenue contribution to the regional market.
• The key drivers, restraints, opportunities & biofertilizers market trends along with their detailed impact analysis are elucidated in the study.
• The global biofertilizers market analysis covers in-depth information of the major industry participants.

 Biofertilizers Market Report Highlights