According to Stratistics MRC, the Global Biofertilizers Market is expected to grow from $1.41 billion in 2016 to reach $3.92 billion by 2023 with a CAGR of 15.7%. High cost of chemical fertilizers pesticides, expanding organic food industry, support from government agencies and hazards of chemical fertilizers are some of the factors boosting the market growth. However, the factors like lack of infrastructure and technological environmental related issues are limiting the market. Increasing demand for biofertilizers will provide a significant growth opportunity for the market in emerging countries such as China, Japan, India, Argentina and Brazil.
On the basis of crop type, cereals grains segment is expected to acquire largest market share due to growing usage of biofertilizers by the farmers instead of chemical fertilizers in order to grow cereal grain. North America region is predicted to occupy highest market share owing to imposition of bans on harmful chemicals used as inputs in agriculture.
Some of the key players in Global Biofertilizers Market include Madras Fertilizers Limited, National Fertilizers Limited, Lallemand Inc., Camson Bio Technologies Limited, Rizobacter Argentina S.A., Gujarat State Fertilizers Chemicals Ltd., Rashtriya Chemicals Fertilizers Ltd., T.Stanes Company Limited., Biomax, Growing Power Hairy Hill, Labiofam Grupo Empreserial, Mapleton Agri Biotech Private Ltd, Novozymes A/S, Nutramax Laboratories, Inc. and Symborg S.L.
Applications Covered:
Soil Treatment
Seed Treatment
Other Applications
Crop Types Covered:
Pulses Oilseeds
Fruits Vegetables
Cereals Grains
Other Crops Types
Products Covered:
PhosphateSolubilising
PotashMobilizing
NitrogenFixing
Other Products
Forms Covered:
Dispersible Granules
Pellets
Pure Mixed Liquid Fermentations
Powders
Microorganisms Covered :
Rhizobium
Cyanobacteria
Azotobacter
PhosphateSolubilizing Bacteria
Azospirillium
Other microorganisms
Regions Covered:
North America
o US
o Canada
o Mexico
Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Market Trends Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Original Article: Biofertilizers Global Market Outlook 20172023 [Report Updated: 01072017] Prices from USD $4150
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