Bio-Fertilizers Market Key Players Review, Recent Developments, Size, Share, Industry Growth Strategies, Regional Outlook and 2019-2023 Future Market Analysis

15/apr/2019 12:09:21 Tejas Amale Contatta l'autore

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Global Bio-Fertilizers Market - Overview

Biofertilizers are living microorganisms which provide nutrients to the crops through nitrogen fixation and phosphorous solubilization processes. They also assist in the quality of the soil and promoting sustainable agriculture. The various types of biofertilizers include, nitrogen fixing biofertilizers, phosphate solubilizing biofertilizer, plant growth promoting Rhizobacteria, and biofertilizers for micronutrients. They are cost effective and are a renewable source of plant nutrients. Concerns for sustainable agricultural land has increased with the use of chemical fertilizers, which has created immense scope for biofertilizers.

The Global Biofertilizers Market has been witnessing high demand for the last few years and is projected to reach USD 2653.48 million by 2023 compared to USD 1183.34 million in 2017. Increasing awareness regarding sustainable agriculture followed by various government initiatives to promote the product is majorly driving the growth of the market. Moreover, the growing trend of inclination towards organic foods from the consumers is boosting the growth of the market. Growing demand from the emerging market will surge the biofertilizers market over the coming years.   

Target Audience

  • Biofertilizers manufacturers
  • Agriculture industry
  • E-commerce

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Competitive Analysis

The major key players in biofertilizers are:

  • National Fertilizers Ltd. (India)
  • Madras Fertilizers Limited (India)
  • Monsanto BioAg (US)
  • Gujarat State Fertilizers & Chemicals Ltd. (India)
  • T Stanes & Company Limited (India)
  • Camson Bio Technologies Limited (India)
  • Rashtriya Chemicals & Fertilizers Ltd. (India)
  • Biomax Naturals (India), Agri Life (India)
  • Mani Dharma Biotech Pvt. Ltd. (India)

Global Bio-fertilizers Market - Segments

The global bio-fertilizers market has been divided into type, crop, distribution channel, and region.

On the Basis of Type : Nitrogen-Fixing, Phosphate-Solubilizing, Potash-Mobilizing, and Others

On the Basis of Crop : Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, Others

On the Basis of Distribution Channel : Store-based and Non-store based

On the Basis of Region : North America, Europe, Asia Pacific, and ROW

Global Bio-fertilizers Market - Regional Analysis

The global bio-fertilizers market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). European region accounts for the major market share followed by Asia Pacific for the bio-fertilizers. Ample availability of land under organic cultivation as well as consumer willingness to pay for organic foods is driving growth in the European region during the forecast period.

In Asia Pacific, two strong government policies will contribute to growth of bio-fertilizers as well as large agricultural land areas, will drive the growth of this market in this region. However, in the European region, significant growth is expected in Germany, France and Italy due to increasing health and environmental concerns, over the forecast period 2017-2023.

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Key Findings

  • North America dominated the market with a market share of 31.74% in Still, in North America, the US accounted for the major market share during the forecast period of 2017-2023.
  • Fruits and vegetables is the highest growth rate during the review period, in which Asia is the fastest growing rate of 16.53%
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