Below are some of the key findings from the bio-fertilizers market analysis report
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global Bio-fertilizers industry overview
The growing adoption of organic farming is one of the critical reasons that will drive bio-fertilizers market growth. The excessive use of chemical fertilizers leads to impaired soil quality. This is compelling farmers to prefer sustainable farming over chemical and inorganic fertilizers to minimize the loss of plant nutrients during crop production. Sustainable farming practices such as organic farming use these fertilizers to enhance crop growth and durability and maintain soil fertility. Initiatives from governments are also encouraging farmers to adopt them by creating awareness about the benefits of organic farming.
Moreover, the advent of liquid bio-fertilizers will contribute to the bio-fertilizers market growth which will register a CAGR of almost 14% during the forecast period. Liquid bio-fertilizers are preferred over carrier-based bio-fertilizers as they have a longer shelf life. They have the tolerance to high temperatures and ultraviolet radiation and have a high microbe density. This is encouraging biofertilizer manufacturers to increase their funding in R&D of liquid bio-fertilizers.
Top companies covered in the biofertilizers market research report
The biofertilizers market is fairly concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by biofertilizers manufacturers, the industry analysis report will help clients identify new growth opportunities and design innovative strategies to improve their market share.
The report offers a complete analysis of various companies including:
- Kiwa Bio-Tech Products Group Corporation
- Lallemand Inc.
- Novozymes
- Rashtriya Chemicals and Fertilizers Limited
- Symborg
Bio-fertilizers market segmentation based on geographic regions
- APAC
- Europe
- MEA
- North America
- South America
North America will account for the highest biofertilizers market share throughout the forecast period. The increasing sales of them resulting from the high demand for organic food is one of the major reasons for the high growth of the bio-fertilizers market in the region.
Bio-fertilizers market segmentation based on product
- Nitrogen-fixing bio-fertilizers
- Phosphate-solubilizing bio-fertilizers
- Others
The nitrogen-fixing biofertilizers market segment will account for the highest bio-fertilizers market share because of the growing focus of vendors towards the development of nitrogen-fixing bio-fertilizers to improve the fertility of the soil, increase crop yield, and enhance overall fertilizer application.
Key highlights of the global bio-fertilizers market for the forecast period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the bio-fertilizers market during the next five years
- Precise estimation of the global bio-fertilizers market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industry across various geographies such as APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of the companies
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