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Global Biofertilizers Market

  • Date Submitted: 10/13/2016 11:39 PM
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Bharat Book Bureau provides the report; on “ Global Biofertilizers Market”. This Report this region are advancement in biofertilizer production technologies, increased demand for fertilizers.

Mumbai, India: Bharatbook announces a report on “ Global Biofertilizers Market”.   This report,rise in global food production and development in biofertilizer manufacturing technologies.

Biofertilizers market projected to grow at a CAGR of 14.08% during the forecast period
The biofertilizers market is projected to grow at a CAGR of 14.08% from 2016, to reach USD 2,305.5 million by 2022. The market is driven by factors such as increase in demand for fertilizers due to the rise in global food production and development in biofertilizer manufacturing technologies. The high growth potential in emerging markets and untapped regions provide new growth opportunities for the players in the biofertilizers market. Some factors restraining the biofertilizers market are lack of awareness and low adoption of biofertilizers coupled with poor infrastructure.

Nitrogen-fixing segment to dominate the biofertilizers market
Nitrogen-fixing biofertilizers are used for leguminous as well as for non-leguminous crops. They are used to grow other crops as well, especially, rice and sugarcane. The nitrogen-fixing segment growth is attributed to the fact that nitrogen-fixing biofertilizers are the most commonly used biofertilizers, across the globe. Substantial R&D efforts have been carried out in the last couple of decades, along with increasing awareness of the farmers; these are the major reasons driving the growth of this market.

Fruits & vegetables segment is projected to be the fastest growing segment during the forecast period
On the basis of crop type, the biofertilizers market has been segmented into cereals & grains, pulses & oilseeds, fruits & vegetables, and others, which include turf & ornamentals, plantation crops, fiber crops, and silage & forage crops. The fruits &...

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