+1-888-308-5802     
News Contact Us

Biofertilizers Market to perceive hefty receipts via growing demand for organic foods from health conscious consumers

Author : Rahul Sankrityayan | Published Date : 2019-03-22 

Biofertilizers Market growth is driven by strong demand outlook in the overall agrochemicals industry along with rising adoption for bio based plant growth enhancers. Decrease in arable land availability due to excessive synthetic fertilizer consumption will facilitate biofertilizers penetration.

Rising consumer preference for organic food and widespread health awareness trends are key factors driving industry growth. Strong EU regulatory compliances to curb toxic growth enhancers usage and introducing policies offering 30% subsidy to farmers to promote sustainable farming will fuel demand.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/112

R&D to improve plant productivity will facilitate the industry growth. Ease in product registration, less capital-intensive production process, and shifting farming trends for bio inputs are factors attracting manufacturers to invest in biofertilizers.

Nitrogen-fixing dominated the product segment and generated over USD 1 billion in revenue for 2016. Enhancing soil fertility and increase in farm yield up to 15% are key properties propelled the product demand.

Phosphate-solubilizing will witness significant growth over 12% up to 2024. Increased product consumption for cereals & grains and pulse & oilseeds due to their anti-fungal properties will drive the demand.

Large availability of synthetic fertilizers at competitive price coupled with lack of awareness among farmers may restrain market expansion. Organic farming education among farmers and low biofertilizers market price trend will be among the key strategies to drive industry growth.

Make an inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/112

Cereals & grains accounted for more than 40% of the global biofertilizers market share in 2016. Being a staple crop in the world along with rise in consumer preference towards high nutrient grains will drive product penetration.

Fruits & vegetables will witness growth over 12% through to 2024. The product is used to improve the protein percentage and enhances the fruit plumpness. Shift in consumer preference for organic fruits & vegetables will fuel business growth.

Seed treatment dominated the application segment and valued at over USD 1.2 billion in 2016. Protection from soil-borne diseases and improving seed germination are the key properties enhancing demand.

Soil treatment will witness over 11% CAGR up to 2024. Necessity to maintain salt content and salinity level of soil will play a key role in stimulating product demand.

Browse Complete Report Summary @ www.gminsights.com/industry-analysis/biofertilizers-market

Dry formulation biofertilizers accounted for more than 70% of the overall industry demand in 2016. Easy handling along with wide availability at competitive prices have encouraged product penetration. Liquid formulations will witness fastest growth over 12% up to 2024. Longer shelf life and easy storage are the key properties driving growth.

North America biofertilizers market catered over 40% of the global demand in 2016. Stringent regulations on chemical fertilizers usage along with increasing consumer spending on organic food will drive the regional industry growth.

Global industry share includes Novozymes, National Fertilizers, Rizobacter Argentina, Camson Bio Technologies, Nutramax Laboratories, CBF China, AgriLife, Biomax, Symborg Labiofam, Antibiotice and Mapleton Agribiotec.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

Related News

Power Rental Market: Technological Advancement & Growth Analysis with Forecast to 2025

Published Date: 2019-10-11         Author: Rahul Sankrityayan

Power Rental Market Report focuses on the major drivers and restraints for the key players. These Research Report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The Power Rental Market Research Report is a professional and i... Read More

Nuclear Waste Management Market 2019 Global Industry Analysis Application, Growth, Technologies, Competitive Analysis and Forecast to 2025

Published Date: 2019-10-11         Author: Rahul Sankrityayan

Nuclear Waste Management Market report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. Global Nuclear Waste Management Market size is set to witness substantial growth during the fore... Read More

Precious Metals Market 2019 Share, Trends, Growth rate, Industry Forecast To 2025

Published Date: 2019-10-11         Author: Rahul Sankrityayan

This report studies the Precious Metals Market  status and outlook of global and major regions, from angles of players, regions, product types and end industries; this report analyzes the top players in global and major regions and splits the Global XX market by product type and applications/en... Read More

© 2019 Fractovia. All Rights Reserved