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marshalljohn080-blog · 6 years ago

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Global Biofertilizer Market Size, Industry Analysis & Report 2019-2024

Biofertilizers are produced using organic wastes such as struvite and compost which contain living microorganisms like bacteria, fungi, and blue-green algae. Biofertilizers offer numerous advantages over chemical fertilizers. They assist in restoring the soil’s natural nutrient cycle and building organic matter, thereby, maintaining the overall health of the soil.

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In addition to this, they are eco-friendly unlike chemical fertilisers which cause environmental pollution. Owing to their various benefits, biofertilizers have today gained significance in the agriculture industry. According to a new report by Expert Market Research, the global biofertilizer market reached a value of around US$ 12 Billion in 2018 and is further expected to reach US$ 22 Billion by 2024.

The sturdy growth of the market can be accredited to a number of forces. On account of rising environmental awareness, there has been an increase in the implementation of regulatory policies by governments across various countries supporting the use of biofertilizers. Moreover, an inclination towards organic food by consumers have also augmented the demand for biofertilizers. Some of the other factors such as population growth coupled with rising disposable incomes have also broadened the growth aspects of the market. Although the penetration of bio-fertilizers is still at a nascent stage in most regions across the world, the market holds a plethora of opportunities.

Click here for the summary of the report – https://www.expertmarketresearch.com/reports/biofertilizer-market

Expert Market Research has analysed the global biofertilizer market according to type, end-use, major regions and top players:

Market breakup by Type:

Nitrogen-Fixing

Phosphate-Fixing

Others

Market Breakup by End-use:

Seed Treatment

Soil Treatment

Others

Market breakup by Region:

North America

Asia

Europe

Others

Top players:

Novozymes A/S

National Fertilizers Limited

Rizobacter Argentina S.A.

Lallemand Inc.

Nutramax Laboratories Inc

Key findings from the report:

Different types of biofertilizers include nitrogen fixing, phosphate fixing and others. In 2018, nitrogen fixing such as rhizobium, azotobacter, azospirillum, etc. represented the biggest category of biofertilizers.

The major end-uses of biofertilizers are seed treatment, soil treatment and others. Region-wise, North America dominated the market with the majority of the market share. Other key markets include Asia, Europe and Others.

The global biofertilizer market is highly fragmented in nature with some of the top players being Novozymes A/S, National Fertilizers Limited, Rizobacter Argentina S.A., Lallemand Inc. and Nutramax Laboratories Inc.

These players are targeting the untapped markets of developing regions in order to increase their profitability.

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amitp113-blog · 6 years ago

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Global Bio Fertilizer Market Research Report 2015

Summary: Industry Insights the global biofertilizers market size was estimated at USD 787.8 million in 2016. The increasing usage of microbe’s biofertilizers proves the potential for sustainable farming technique and food safety. The increasing concern with regard to food safety is anticipated to drive the industry increase over the forecast time. Conventional agriculture plays a significant role in meeting the demand for food and cereals for the increasing world population. However, the traditional technique largely dependent on the chemical fertilizers and pesticides which are primarily exploited to grow the crop yield. This directly harms the environment and causes pollution.

In recent years, efforts have been made to encourage sustainable farming and bio-safety and to implement. EU "Common Agricultural Policy" encourages the use of biobass products with biological farming and provides up to 30% of the actual green payment to farmers who follow durable farming practices. The favorable regulatory scenario, especially in North America and Europe, is expected to be a major driving factor for the growth in the next seven years. Government of India has introduced several schemes to encourage the use of the country's production.

The government initiated schemes are

· National Mission of Sustainable Development (NMSA)

· Paramparagat Krishi Vikas Yojana

· Rashtriya Krishi Vikas Yojana (RKVY)

· National Mission on Oilseeds and Oil Palm (NMOOP)

· Indian Council of Agricultural Sciences (ICAR)

The government initiated schemes and plans are likely to boost the market growth over the forecast period.

Synthetic fertilizers are divided into three categories, which include nitrogen, potash and phosphate. U.S. It imports about 50% nitrogen and 85% potash supplies to the US as it is important for crop production. Russia, Trinidad and Tobago and Canada are among the largest suppliers of nitrogen in America. U.S. Potash imports are run by three countries including Russia, Belarus and Canada. However, majority of the phosphate supply in the country was handled domestically. The Agriculture Department (USDA) has launched a scheme to promote organic farming. National Biological Program (NOP) aims to implement and develop standards for organic farming products. The government's initiative to promote organic farming is expected to increase production over the period of time. The growth of corn industry is expected to increase product demand during the expected period. The use of high-fat corn syrup (HFCS) maize in the case of domestic consumption is likely to remain stable.

HFCS is expected to stay steady due to low domestic demand due to Mexico's export demand. Product Insights nitrogen fixing is the largest production segment in 2014 with a world revenue share of more than 75.0%. Demand for regional markets in North America and European regions is widely demanded. To increase the production of nitrogen in the soil by microbial and organic organisms, the specific features of the product are expected to run demand in the relevant fields. Phosphate Solubilizers was the second largest producer of 15.0% of world revenue in 2014 and is likely to grow at a CAGR of 13.9% by 2015 to 2022. The ability to hydrolyze organic and inorganic phosphates using fluid bacteria is a distinct feature of the product. The growing popularity of organic farming products is expected to promote growth in the segment during the prediction period. Zinc and silicate salivilizers are classified into other production areas in biofertilizers.

The demand for reducing silicate and aluminum silicate in soil and increasing phosphate ionic current in the plant body by increasing demand for metabolic processes shows the rapid growth of the area. Application Insights Seed treatment was the largest application and in 2014 there was more than 65.0% market. Seed treated with biofertilizers help them maintain bacterial and viral attacks and help to increase the yield. The seed treatment is given by two methods including root dipping and soil application. The convenience in adoption of seed treatment is expected to drive the segment growth over the forecast period. Additionally, they help in harnessing atmospheric nitrogen and making it available to the plant. These seeds are capable of increasing phosphorous content of soil by solubilizing it and improving availability. The increasing use of treated seeds between farmers will increase during the growth of the weather.

In 2014 about 30% of the land under the global biofertilisers was treated. Growth in the segment is largely good for the developing country's organic food market. For example, in India, the organic food market is expected to increase by nearly USD 1 billion from 2014 to 2020. Thus, raising demand of the organic food in the developing countries is expected to drive the segment’s growth over the forecast time. Regional Insight is responsible for more than 15% of global revenue share in Asia Pacific 2014. China has promoted the world's largest farming market organic fertilizer by organic producer's products except VAT, excise and agricultural taxes. There is a possibility of higher demand than expected. North America was the largest market in 2014 and then it was more than 54% of Europe and global revenue. In addition to raising awareness of the dangers associated with chemical fertilizers and atmospheric pollution, the product is highly utilized in these regions due to the growing preference for organic food.

Moreover, the growth of the industry is mainly due to the US growth Organic farming is preferable to the area. In the US 2016 The Department of Agriculture Department (USDA) has shown huge growth in organic farming. In 2016, there were 21,781 certified organic works in the country. Similarly, global certified biological operations were about 31,160 in the same year. Biofertilizers market share insights focus on the departmental market with large companies in the global biofertilizer market segment. Cff China Biofertilizers AG and Novozhim A / S were the largest manufacturers of supplies in North America and EuropeMost of these companies have made special contracts with distributors to meet end-users.

Some companies have their own distribution networks and thus increase their earnings by distributing products of independent producers. Companies such as Novews, Lelemand, Agrilif, and National Fertilizers have set up their own retail and distribution outlets to reduce distribution down, in this way they have been able to sell products at competitive prices and at very low prices. The report included in the report This report estimates the revenues of global, regional and national levels, and analyzed the latest industry trends in each sub-section from 2014 to 2025.

For the purpose of this study, Grand View Research, Inc. Has divided the global organic fertilizer market report on the basis of production, application and sector.

· Product Outlook (Revenue, USD Million, 2012 - 2022)

· Nitrogen fixing Phosphate solubilizing Others Application Outlook (Revenue, USD Million, 2012 - 2022)

· Seed Treatment Soil Treatment Regional Outlook (Revenue, USD Million, 2012 - 2022)

North America, U.S., Canada, Europe, France, Spain, Asia Pacific, China, India, Latin America, Brazil, MEA, Egypt.

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