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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Global Biofertilizer Market research report includes specific segments by region (country), by manufacturers, by Type and by Application.
Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-biofertilizer-2021-125 Segment by Type:Nitrogen-FixingPhosphate-SolubilizingPotash-MobilizingOthersSegment by Application:Cereals & GrainsPulses & OilseedsFruits & VegetablesOthersBy Company:NovozymesBiomaxRIZOBACTERAgri LifeSymborgNational Fertilizers LimitedBatianXi'an Delong Bio-industryMaboshiFertilzer KingJinggeng TianxiaTaigu BiologicalTaibao BiologicalGenliduo Bio-TechBeijing Leili GroupQingdong NongkeYunyeAokun BiologicalXinJiang StarSeed Science and TechnologyLaimujiaProduction by Region:North AmericaEuropeChinaJapanConsumption by Region:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGet the Complete Report & TOC @ https://www.grandresearchstore.com/agriculture/global-biofertilizer-2021-125Table of content1 Biofertilizer Market Overview1.1 Product Overview and Scope of Biofertilizer1.2 Biofertilizer Segment by Type1.2.1 Global Biofertilizer Market Size Growth Rate Analysis by Type 2021 VS 20271.2.2 Nitrogen-Fixing1.2.3 Phosphate-Solubilizing1.2.4 Potash-Mobilizing1.2.5 Others1.3 Biofertilizer Segment by Application1.3.1 Global Biofertilizer Consumption Comparison by Application: 2016 VS 2021 VS 20271.3.2 Cereals & Grains1.3.3 Pulses & Oilseeds1.3.4 Fruits & Vegetables1.3.5 Others1.4 Global Market Growth Prospects1.4.1 Global Biofertilizer Revenue Estimates and Forecasts (2016-2027)1.4.2 Global Biofertilizer Production Capacity Estimates and Forecasts (2016-2027)1.4.3 Global Biofertilizer Production Estimates and Forecasts (2016-2027)1.5 Global Biofertilizer Market by Region1.5.1 Global Biofertilizer Market Size Estimates and Forecasts by Region: 2016 VS 2021 VS 20271.5.2 North America Biofertilizer Estimates and Forecasts (2016-2027)1.5.3 Europe Biofertilizer Estimates and Forecasts (2016-2027)1.5.5 China Biofertilizer Estimates and Forecasts (2016-2027)1.5.5 Japan Biofertilizer Estimates and Forecasts (2016-2027)2 Market Competition by Manufacturers2.1 Global Biofertilizer Production Capacity Market Share by Manufacturers (2016-2021)2.2 Global BiofertiliIf You Have Any Question Related To This Report Contact Us @ https://www.grandresearchstore.com/enquire-now/global-biofertilizer-2021-125CONTACT US:276 5th Avenue, New York, NY 10001, United StatesInternational: +1(646)-781-7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store
According to IMARC Group’s latest report, titled “Biofertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global biofertilizer market reached a value of US$ 2.3 Billion in 2020.
They help in enriching the nutrient quality and soil fertility and also assist in soil mineralization by breaking down complex minerals for easy absorption by plants.
Biofertilizers also aid in fixing atmospheric nitrogen in the root nodules of legume crops, etc.
Moreover, biofertilizers are also employed in the agriculture sector to prevent the growth of pathogens, thereby preventing crop diseases.Request for a PDF sample of this report: https://www.imarcgroup.com/biofertilizer-azotobacter-and-rhizobium-manufacturing-plant/requestsampleThe growing awareness regarding the environmental hazards caused by the usage of synthetic agrichemicals, such as soil pollution and contamination of the food chain, is among the primary factors driving the biofertilizers market.
Additionally, the changing lifestyle preferences and the inflating per capita incomes of consumers, especially those in rural areas, are further bolstering the market growth.
Besides this, the increasing health concerns are encouraging the consumption of organic fruits and vegetables grown without synthetic chemicals, which is acting as a significant growth-inducing factor for bio-based agrichemical products, such as biofertilizers.
