The global biofertilizer market is expected to reach more than US$ 1.66 billion by 2022, registering a compound annual growth rate (CAGR) of more than 14% during the forecast period. The demand for fertilizers is expected to increase with the growing worldwide food production and the development of fertilizer production technologies, which is expected to drive the biofertilizer market. The growth in the organic food industry and the promotion by government agencies are also expected to drive the market during the forecast period. In addition, the hazards of chemical fertilizers and rise in the cost of chemical fertilizers and pesticides are fueling the growth of the market. However, technological and environmental constraints and poor infrastructure are hampering the growth of the biofertilizer market.
In this report, the global biofertilizer market is segmented by type, application, and region. On the basis of type, the market is segmented into nitrogen fixing bio-fertilizers, potash mobilizing bio-fertilizers, phosphate solubilizing bio-fertilizers, and others. On the basis of application, the market is segmented into fruits and vegetables, cereals, plantations, pulses and oilseeds, and others.
The global biofertilizer market is segmented on the basis of key regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Brazil, and GCC countries. The report includes a detailed study of the global and regional biofertilizer market and analyzes the variations in the growth of the industry in certain regions.
A glimpse of the report structure is provided in the report description available on the website.
T. Stanes & Company Limited (India), Camson Bio Technologies Limited (India), Rashtriya Chemicals & Fertilizers Ltd. (India), Lallemand Inc. (Canada), and Nutramax Laboratories Inc. (U.S.) are the most active players in the biofertilizer market.
This report covers the biofertilizer market, in terms of value, and forecasts the market size till 2022. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the share and company profiles of the key players in the global biofertilizer market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.
The deep-dive study on the biofertilizer market will help customers with the identification of new market opportunities and targeted promotional plans. The report provides global biofertilizer market trends, with data from 2013, estimates for 2014 and 2015, and projections of CAGRs through 2022.
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