Biofertilizers Market is Projected to Reach $3.2 Billion by 2029
According to a new market research report titled, 'Biofertilizers Market by Microorganism Type (Nitrogen-fixing Microbes {Rhizobia Bacteria}, Phosphate Solubilizing Microbes), Crop Type (Cereals & Grains, Oilseeds & Pulses), Mode of Application (Seed Treatment, Fertigation), and Form - Global Forecast to 2029,' the biofertilizers market is projected to reach $3.2 billion by 2029, at a CAGR of 11.5% during the forecast period.
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Biofertilizers contain various microbes that can enhance plant nutrient uptake by colonizing the rhizosphere and making the nutrients easily accessible to plant root hairs. Biofertilizers offer a sustainable solution to reduce chemical fertilizer use while meeting the growing population's demand. Applying biofertilizers reduces the impact on soil, air, and water and supplies useful microbes to the soil.
The growth of this market is attributed to the growth in organic farming & the rising demand for organic food, growing concerns regarding environmental safety, increasing government initiatives to promote the use of biofertilizers and market players' increasing focus on inorganic growth strategies. However, the high demand for synthetic fertilizers and the high cost of biofertilizer production may restrain the growth of this market to a certain extent.
Growing Concerns Regarding Environmental Safety to Drive the Growth of the Biofertilizers Market
The global population is growing rapidly; therefore, there is a need to increase agricultural production to fulfill the food requirements of the growing population. The use of chemical fertilizers to enhance agricultural production has become a common practice across the globe. However, there is a rising awareness about the adverse effects of agrochemicals on plant physiology, soil quality, animals, and human beings. Also, their extensive use directly affects the environment as chemical residues from fertilizers may remain in the soil and cause soil pollution, contaminate the surface or groundwater, or get released into the atmosphere through vitalization. Residues left in the soil emit ammonia, methane, nitrous oxide, and elemental nitrogen into the environment.
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Agricultural chemicals have been linked to adverse impacts on human health, ranging from short-term impacts such as headaches and nausea to chronic impacts such as cancer, reproductive health conditions, and endocrine disruption. Nitrogen and other chemicals in fertilizers can contaminate groundwater and cause blue baby syndrome after drinking. Therefore, farmers are increasingly adopting biofertilizers as an alternative to chemical fertilizers.
Several organizations such as the Organic Trade Association (OTA), the International Federation of Organic Agriculture Movements (IFOAM), the International Society of Organic Agriculture Research (ISOFAR), the Midwest Organic and Sustainable Education Service (MOSES), the Northeast Organic Farming Association (NOFA), the Organic Federation of Australia (OFA), the Organic Federation of Canada, and the Organic Growers School provide education, resources, and practical advice to create awareness regarding organic farming.
Biofertilizers are formulated using natural plant residues & waste, animal manures & excreta, micro-organisms, and botanical extracts to enhance agricultural production. Biofertilizers decompose quickly without any negative effects on the surface and groundwater; thus, they are less hazardous to living beings. These fertilizers remain effective for a long time and improve the soil structure while increasing its water & nutrient-holding capacity. They are slow-releasing, non-toxic fertilizers that do not leave any residues in the food; hence, they are preferred for producing residue-free agricultural yield. Therefore, factors such as the growing need to increase agricultural production and awareness about the harmful effects of chemical inputs and the benefits of biofertilizers are driving the global demand for biofertilizers.
The global biofertilizers market is segmented by microorganism type (nitrogen-fixing microbes, phosphate solubilizing & mobilizing microbes, potassium solubilizing & mobilizing microbes, other microorganism types), crop type (cereals & grains, oilseeds & pulses, fruits & vegetables, other crop types), mode of application (fertigation, foliar application, seed treatment, other modes of application), and fromulation (dry biofertilizers, liquid biofertilizers). The study also evaluates industry competitors and analyzes the regional and country-level markets.
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Based on microorganism type, in 2022, the nitrogen-fixing microbes is expected to account for the largest share of the global biofertilizers market. The large market share of this segment is attributed to the hazards associated with the use of chemical fertilizers, the rising number of initiatives by government agencies along with increasing awareness about the need for sustainability in modern agriculture, the rising adoption of advanced farming with drip irrigation and sprinklers, and the growing health concerns. In addition, nitrogen-fixing microbes are a more economical, ecological, and profitable solution to provide nitrogen to plants contributing to their increased adoption. However, this segment is also projected to register the highest CAGR during the forecast period.
Based on crop type, in 2022, the cereals & grains segment is expected to account for the largest share of the global biofertilizers market. However, oilseeds & pulses segment is projected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the rising demand for organic oilseeds & pulses, the increase in the area under organic oilseed & pulses cultivation, and the rising demand for plant-based foods.
Based on mode of application, in 2022, the seed treatment is expected to account for the largest share of the global biofertilizers market. The large market share of this segment is attributed to the several advantages of seed treatment in biofertilizers, such as increasing seed germination and decreased incidence of foot and root rot. It also helps to solubilize phosphorous in the soil and improve its availability. The increasing use of biofertilizers in seed treatment of cereals such as rice, wheat, sorghum, and maize and oilseeds such as groundnut, sunflower, and soybean are driving the biofertilizers market. However, foliar spray segment is projected to register the highest CAGR during the forecast period.
Based on formulation, in 2022, the dry biofertilizers segment is expected to account for the largest share of the global biofertilizers market. However, liquid biofertilizers segment is projected to register the highest CAGR during the forecast period. The rapid growth of this segment is driven by the benefits offered by liquid biofertilizers, such as high efficiency & absorbability, ease of use, cost-effectiveness, and uniform application.
Based on geography, the biofertilizers market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, North America is expected to account for the largest share of the global biofertilizers market. The large market share of this segment is attributed to the increasing demand for organic products, the increasing health awareness among consumers, the growing acceptance of biofertilizers among rural farmers, continuously growing areas under organic cultivation, and the high adoption rate of advanced irrigation systems, such as drip & sprinkler irrigation for fertigation.
However, Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this regional market is mainly driven by the huge areas under organic cultivation, rapid population & income growth, increasing mechanization and irrigation facilities, and the presence of several organic operators. Furthermore, supportive government policies and initiatives by organizations to promote and expand the organics industry contribute to the growth of the biofertilizers market in this region.
Some of the key players operating in the global biofertilizers market are AgriLife (India), American Vanguard Corporation (U.S.), Chr. Hansen Holding A/S (Denmark), IPL Biologicals Limited (India), Koppert B.V. (Netherlands), Lallemand Inc. (U.S.), Mapleton Agri Biotec Pt Ltd (Australia), National Fertilizers Limited (India), Novozymes A/S (Denmark), Rizobacter Argentina SA (Argentina), Symborg Corporate, SL (Spain), UPL Limited (India), and Vegalab SA (Switzerland).
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The global Frozen Food Market size is expected to value at USD 360.36 billion by 2024.
The market is subject to witness a substantial growth due to the changing lifestyle patterns, shifting preferences among consumers towards ready-to-cook meals, increasing demand for convenience food, and growing focus towards hygienic food products.
Frozen food products are able to retain maximum vitamins and minerals.The freezing allows longer shelf life for the food products and limits any form of microbial growth that leads to food spoilage.
In addition, increasing penetration by e-commerce retail stores is expected to fuel the growth of frozen food industry in the upcoming years.
Increasing demand form staple food products from developed economies across the globe is propelling market growth as well, in the recent years.
Increasing demand for frozen fruits and vegetables from developed and developing economies is expected to positively affect market performance of frozen food industry in the upcoming years.
Thermal Imaging Market size is projected to reach USD 4.5 Billion by 2027 from an estimated USD 2.9 Billion in 2020, growing at a CAGR of 6.48% globally.Thermal Imaging is a method of using infrared radiation and thermal energy to collect information regarding the objects, aiming to develop images of them, even in low visibility environments.
In particular, it's an effective form of night-vision technology, with the capacity to work in the total absence of any light (since it doesn't rely on visible light), and can even work in fog, smog, smoke, and haze.
This energy from an object is also known as the "heat signature", and the quantity of radiation emitted tends to be proportional to the overall heat of the object.Read More About the Thermal Imaging: https://introspectivemarketresearch.com/reports/thermal-imaging-market/This report presents detailed analysis on the Thermal Imaging Market consumption trends by globally, historic and forecast consumption volumes and values at market and category level.
It also provides indispensable data on brand share, distribution channels, profiles of companies active in the global Thermal Imaging market along with latest industry news, in addition to mergers and acquisitions.
This allows domestic and foreign companies to identify the market dynamics to account sales overall and to know which categories and segments are showing growth in the coming years.Key Prominent Players In The Thermal Imaging Market:FLIR Systems (US), Fluke Corporation (US), Leonardo (Italy), L3HARRIS TECHNOLOGIES (US), United Technologies (US), Axis Communications (Sweden), BAE Systems (UK), Opgal (Israel), Testo (Germany), Xenics (Belgium), Thermoteknix Systems (UK)Know More About The Global Trends Impacting The Future, Download A PDF Sample@:https://www.introspectivemarketresearch.com/request/15913This report analyzes the factors affecting the Thermal Imaging Market in terms of supply and demand and further assesses the market dynamics affecting the market during the forecast period e.g.
drivers, restraints, opportunities and future trends.
The global north country auto glass market size is projected to reach USD 27.75 billion by 2026, exhibiting a CAGR of 6.9% during the forecast period.
Robust logistics infrastructure in developed nations will be a key factor fueling the growth of this market, infers Fortune Business Insights™ in its report, titled “Automotive Glass Market Size, Share, and Industry Analysis, By Glass Type (Tempered, Laminated), By Application (Windshield, Sidelite, Backlite, Sunroof), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles), and Regional Forecast, 2019-2026”.
Competitive LandscapeEnhancement in Production Capacity to Stir Competitive EnergiesThe automotive glass market analysis reveals that raising production capabilities by key companies will be the prominent feature of competition in this market.
These activities are aiding competitors to expand in foreign territories and penetrate untapped regions and countries, the analysis observes.List of Companies Covered in the Report:Guardian Glass LLCNippon Sheet Glass Co. LtdAGC Inc.Saint-Gobain SekuritMagna International Inc.Xinyi Glass Holdings LimitedFuyao Glass Industry Group Co. LtdMarket DriverBooming Demand for Electric Vehicles to Accelerate Market GrowthStaggering air pollution levels have led to a dramatic shift in consumer preference from conventional to electric vehicles (EVs) in the past decade.
Of these, nearly 45% are on road in China, the IEA further notes.
The IEA also projects that up till 2030, the year-on-year increase in the global EV stock will be 44 million.
The increasing demand for apparel industries owing to the rise in demand for consumers and growth in population is propelling the market growth.Market Size – USD 6.38 Billion in 2018, Market Growth - CAGR of 5.7%, Market Trends – The advent of environment friendly textile dyes.The global Textile Dyes Market is forecast to reach USD 10.13 Billion by 2026, according to a new report by Reports and Data.
Fabrics are dyed either by using dying solution or by printing, using dye pastes.The above-mentioned factors collectively create opportunities for the market growth while factors such as unfavorable effects of textile dyes pose limitations in the market.
Consistent advancements in the dyes market owing to innovative efforts have enhanced the efficiency of textile dyes.To get a sample PDF copy of the report, visit @ https://www.reportsanddata.com/sample-enquiry-form/1848Top Leaders Operating in the Market are:Archroma,Tanatex Dyes,Vipul organics Ltd,DyStar Singapore Private Ltd,Zhejiang Runtu Co. Ltd.,Jihua Group,A Robama,Organic Dyes and Pigments,Huntsman International LLC,and Kiri Industries Ltd,among others.Textile Dyes Market Segmentation:Based on Product Type:CottonViscoseWoolNylonPolyesterAcrylicOthersBased on Application:ApparelsHome TextileIndustrial TextileOtherRequest customization of the report @ https://www.reportsanddata.com/request-customization-form/1848The report talks about the key competitors with regard to their market size, product portfolio, manufacturing and production capacity, profit margins, revenue generation, regional spread, and research and development activities.
The report also discusses in detail the mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, corporate deals, and licensing agreements, and more.
The report provides a comprehensive overview of the competitive landscape and regional spread.The regional analysis offers a complete overview of the regional spread of the market along with production and consumption patterns, import/export, supply and demand dynamics, revenue contribution, trends and demands, and presence of prominent players in each region.Regional Analysis Covers:North America (U.S., Canada, Mexico)Europe (U.K., Italy, Germany, France, Rest of EU)Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)Latin America (Chile, Brazil, Argentina, Rest of Latin America)Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)To know more about the report, visit @ https://www.reportsanddata.com/report-detail/textile-dyes-marketFurther key findings from the report suggestThe polyester segment accounts for a market share of 13.9% in the year 2018.
Polyester is a type of fabric which is extremely difficult to dye since it is a synthetic fabric made from petroleum.
