WiseGuyReports.com adds “Global Biofertilizers Market Research Report 2020 Analysis and Forecast 2027” reports to its database.
Global Biofertilizers Market is valued approximately USD 2.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11.6 % over the forecast period 2020-2027. Biofertilizer consists of living microorganisms, which helps to increase the supply of nutrients in plants for further growth. When applied to seed, soil, or plants, these biofertilizers can correct the nitrogen level in the soil, hence, supporting proper plant growth. The global Biofertilizers market is facing challenges due to the coronavirus pandemic as temporary lockdown in various countries. But the government introduced plans and initiatives to ensure that soil nutrients are available to farmers during the upcoming rabi (summer-sown) season, amid the COVID-19 outbreak. For instance, The Ministry of Chemicals and Fertilizers of India has constituted a team to prepare a road map in order to reforms and achieve higher growth in the fertilizer sector. The growth in the organic food industry, initiatives by government agencies and increasing awareness about the need for sustainability in modern agriculture, hazards of using chemical fertilizers and increase in the usage of biofertilizers in ranches and private farms are the few factors responsible for growth of the market over the forecast period. For Instance: as per Statista, the global sale of organic food was USD 18 billion in 2000 and has risen by USD 95 billion of global organic food sale in 2018. However, environmental and technological constraints and poor infrastructure & high initial investment is the major factor restraining the growth of global Biofertilizers market during the forecast period.
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The regional analysis of global Biofertilizers market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the increasing acceptance of organic foods among consumers. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
National Fertilizers Limited
Madras Fertilizers Limited
Gujarat State Fertilizers & Chemicals Ltd
Rashtriya Chemicals & Fertilizers Ltd
Chr. Hansen Holding A/S
Rhizobacter Argentina S.A.
T.Stanes & Company Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Phosphate solubilizing & mobilizing biofertilizers
Potassium solubilizing & mobilizing biofertilizers
By Crop Type:
Cereals & grains
Pulses & Oilseeds
Fruits & vegetables
By Mode of Application:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Biofertilizers Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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