Biofertilizers Market worth 2.31 Billion USD by 2022

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MarketsandMarkets Presents
Biofertilizers Market worth 2.31 Billion USD by
2022
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The report "Biofertilizers Market by Type
(Nitrogen-Fixing, Phosphate-Solubilizing,
Potash-Mobilizing), Microorganism (Rhizobium,
Azotobacter, Azospirillium, Cyanobacteria,
P-Solubilizer), Mode of Application, Crop Type,
Form, and Region - Global Forecast to 2022", The
biofertilizers market is projected to grow at a
CAGR of 14.08 during the forecast period, to
reach a projected value of USD 2.31 Billion by
2022. Browse 87 market data Tables 62
Figures 178 Pages and in-depth TOC on
"Biofertilizers Market. You can speak to our
analyst_at_ https//www.marketsandmarkets.com/speakto
analyst.asp?id856
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Source MarketsandMarkets Analysis
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The biofertilizers market is projected to grow at
a CAGR of 14.08 during the forecast period, to
reach a projected value of USD 2,305.5 Million by
2022. The demand for biofertilizers is completely
dependent on the growth of the fertilizer
industry. Furthermore, the shrinking arable land,
adoption of new technology, and the increasing
willingness of farmers to spend more for higher
productivity are some important factors that
contribute to the increasing demand for
biofertilizers. The shortage in the supply of
agricultural products in the last five years has
resulted in an increase in their prices, and
subsequently led to the increase in agricultural
production. As a result, the demand for
fertilizers has increased, which is expected to
drive the demand for biofertilizers. The
biofertilizers market is driven primarily by the
growth in the organic food industry and increase
in awareness regarding the health hazards caused
by the use of chemical fertilizers. Moreover,
government agencies are promoting the use of
biofertilizers, which has also driven the market
growth, globally. North America accounted for
the largest market share in the biofertilizers
market in 2015, which was followed by Europe.
Governments of countries in North America have
imposed bans on harmful chemicals used as inputs
in agriculture. This created significant market
potential for biofertilizers in the
region Expansions investments, and agreements,
collaborations joint ventures were the key
strategies adopted by industry players to achieve
growth in the biofertilizers market. Acquisitions
was another strategy adopted by companies to
expand their share in the biofertilizers market.
Novozymes A/S (Denmark), Gujarat State
Fertilizers Chemicals Ltd. (India), Rizobacter
Argentina S.A. (Argentina), Camson Bio
Technologies Limited (India), and Lallemand Inc.
(Canada) are some leading manufacturing companies
that adopted these strategies.
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• Scope of the Report
• On the basis of Type, the market has been
  segmented as follows
• Nitrogen-fixing
• Phosphate-solubilizing
• Potash-mobilizing
• Others (zinc-, boron-, and sulfur-solubilizing
  biofertilizers)
• On the basis of Crop Type, the market has been
  segmented as follows
• Cereals grains
• Pulses oilseeds
• Fruits vegetables
• Others (turf ornamentals, plantation crops,
  fiber crops, and silage forage crops)
• On the basis of Microorganism, the market has
  been segmented as follows
• Rhizobium

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• On the basis of Mode of Application, the market
  has been segmented as follows
• Seed treatment
• Soil treatment
• Others (set treatment, foliar treatment, root
  dipping, and seedling root treatment)
• On the basis of form, the market has been
  segmented as follows
• Pure mixed liquid fermentations
• Dispersible granule
• Pellet
• Powder
• On the basis of Region, the market has been
  segmented as follows
• North America
• Europe
• Asia-Pacific
• Latin America

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