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Emerging Trends of Organic Farming is Shaping the Future of Biofertilizer Market

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(Free Press Release) According to Goldstein Research, “Bio-fertilizers market is expected to experience several growth opportunities in near future.

Emerging Trends of Organic Farming is Shaping the Future of Biofertilizer Market


      

 

Bio-fertilizers can play a major role in overcoming the dependency on chemical fertilizers to raise crop productivity. Bio-fertilizers are eco-friendly and cost-effective source which provides sufficient nutrients to plants and are great substitutes for chemical fertilizers.Bio-fertilizer market segmentation is done on the basis of bio-fertilizers type, by crop type and by application. Application segment is further categorized into seed treatment and soil treatment. On the basis of application, seed treatment bio-fertilizer market was valued USD 0.97 billion in 2016 and is expected to occupy over 65% market share of global bio-fertilizers market during the forecast period. However, soil treatment bio-fertilizers market is projected to grow at a CAGR of 12% over the forecast period. High nutritional food for health is driving the demand for bio-fertilizers in agriculture sector. Based on crop type, cereals & grains is the dominating segment of bio-fertilizers market and were accounted for over 42% revenue share of global bio-fertilizers market. North America bio-fertilizers market captured 30% market share of the global bio-fertilizers market in 2016. Increasing demand of organic food in developed countries such as US and Canada will further boost the growth of Bio-fertilizers market in North America.

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Market Segmentation

Global Bio-Fertilizer Market is categorized on the following basis:

· Based on Bio-fertilizer Type

o Nitrogen- Fixing Bio-fertilizers

o Potash-Mobilizing Bio-fertilizers

o Phosphate-Solubilizing Bio-fertilizers

o Plant Growth Promoting Bio-fertilizers

· Based on Crop Type

o Fruits and Vegetables

o Cereals and Grains

o Oilseeds and Pulses

o Other Crops ( Cash Crops, Fiber Crops, Forage Crops)

· Based on Application

o Soil Treatment

o Seed Treatment

· Based on Geography

o North America (U.S. & Canada)

o Latin America (Brazil, Mexico & Rest of Latin America)

o Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE)

o Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)

o Middle East & Africa (GCC, South Africa, North Africa, RoMEA)

o Rest of World

“Global Bio-Fertilizer Market Outlook 2024” contains detailed overview of the global bio-fertilizer market in terms of market segmentation by components, by technology and by end-user.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.

Global bio-fertilizer market also provides competitive outlook of some of the major players of global bio-fertilizer market which includes profiling of companies such as Gujarat State Fertilizers & Chemicals Ltd., National Fertilizers Ltd., Novozymes, Lallemand Inc., Madras Fertilizers Limited (India), Camson Bio Technologies Private Limited, Nachurs Alpine Solutions, International Panaacea Limited, Krishak Bharti Co-operative Ltd (KRIBHCO), AZOMURES, Rizobacter Argentina S.A., International Panaacea Limited, EuroChem Agro GmbH, Bio Power Lanka, Ajay Bio-Tech (India) Ltd, Agri Life, Antibiotice S.A. and Biomax. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global bio-fertilizers market trends along with market forecast that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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Emerging Trends of Organic Farming is Shaping the Future of Biofertilizer Market

Source: Press Release

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