Biofertilizers Market by Form, Mode of Application, Crop Type, Region - Global Forecast to 2025 (1)

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MarketsandMarkets Presents
Biofertilizers Market Projected to Reach 3.8
Billion by 2025
https//www.marketsandmarkets.com/Market-Reports/c
ompound-biofertilizers-customized-fertilizers-mark
et-856.html
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The report "Biofertilizers Market by Form
(Liquid, Carrier-Based), Mode of Application
(Soil Treatment, Seed Treatment), Crop Type, Type
(Nitrogen-Fixing, Phosphate Solubilizing
Mobilizing, Potash Solubilizing Mobilizing),
Region - Global Forecast to 2025" The
biofertilizers market is projected to reach USD
3.8 billion by 2025, from USD 2.0 billion in
2019, recording a CAGR of 11.2 during the
forecast period. Rising awareness about the
hazards of chemical fertilizers among consumers,
soil degradation, nitrate emissions, along with
government initiatives, is projected to witness
significant growth during the forecast
period. North America is projected to witness
the highest growth in the biofertilizers market
during the forecast period North American
countries have imposed bans on the usage of
harmful chemicals fertilizers in agriculture
due to its adverse effects on the ecology. This,
in turn, has created a significant market
potential for biofertilizers in the region. Also,
increasing acceptance of organic foods among
consumers is opening doors for various
international players. Rapid growth in organic
agriculture and rising demand for organic food in
the continent has attributed to the growth of
biofertilizer market. As per USDA and DOE, huge
availability of biomass feedstock is also one of
the drivers for the market. This report includes
a study of the development strategies of leading
companies. The scope of this report consists of a
detailed study of biofertilizer manufacturers
such as Novozymes (Denmark), Kiwa-Biotech
(China), Rizobacter Argentina S.A (Argentina),
Lallemand Inc. (Canada) and Symborg
(Spain). Download PDF Brochure
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sp?id856
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• Report Objectives
• To determine and forecast the size of the
  biofertilizers market, by form, by mode of
  application, crop type, type, and region
• To identify attractive opportunities in the
  biofertilizers market by determining the largest
  and fastest-growing segments across regions
• To strategically analyze the demand-side factors
  based on the following
• Impact of macro- and microeconomic factors on the
  market
• Shifts in demand patterns across different
  subsegments and regions
• To identify the key drivers and restraints that
  have an impact on the global market
• To provide insights on the key investments in
  product innovations and patent registrations
• To analyze the supply chain and regulatory
  frameworks across regions and their impact on
  prominent market players
• Kiwa Bio-Tech develops, manufactures, and
  distributes innovative, cost-effective, and
  environment-friendly biotechnology products. The
  company mainly operates through four revenue
  segments, namely, biological organic fertilizer
  series, compound microbial fertilizer series, bio
  water-soluble fertilizer series, and microbial
  inoculum fertilizer. Kiwa Bio-Tech has a team
  dedicated to eco-agricultural product development
  to satisfy the growing need for safe food. Kiwa
  Bio-Tech operates in countries, such as the US
  and China through its subsidiaries. It has
  manufacturing facilities in Shandong, China. The
  company mainly operates through its key
  subsidiary, Kiwa Baiao Bio Tech (Beijing) Co.
  Ltd. (China).
• Make an Inquiry https//www.marketsandmarkets.com
  /Enquiry_Before_BuyingNew.asp?id856

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Growth in the organic food industry Consumers,
nowadays, are becoming highly concerned about
food safety issues, the rising residue levels in
food, and environmental issues, due to the rising
concerns about their health. This rise in
awareness has induced them to prefer
chemical-free food products. As a result, major
supermarket chains such as Wal-Mart and Cosco are
increasing their product offerings of organic
foods. The restaurant industry in many developed
countries is also offering organic food menus to
serve health-conscious consumers. The growth in
the organic food industry is triggering the
demand for biofertilizers and organic manures, as
these are pre-requisites of organic farming.
These factors have increased organic retail sales
in many countries, such as the US, Germany,
China, Switzerland, and Denmark. According to
the United States Organic Food Market Forecast
Opportunities, 2018, western US drives the
organic food market revenue due to the growing
domestic production and increasing awareness. As
a result of this growth of the retail organic
food industry, the market for biofertilizers is
growing at a global level. As per the Food and
Agriculture Organization (FAO) of the United
Nations, the US organic sales increased to USD 35
billion in 2014 from USD 28.4 billion in 2012.
Among these, fresh fruits and vegetables had been
the top-selling categories of organically grown
food. Request Sample https//www.marketsandmarke
ts.com/requestsampleNew.asp?id856  
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Supply of counterfeit and less effective
products The supply of counterfeit
biofertilizers is a major issue in the industry,
as it is creating a negative image of the final
products among farmers and hindering market
growth. The cost of production of spurious
products is extremely low, and it has been
impossible for farmers to differentiate spurious
biofertilizers from the original ones due to
similar physical characteristics and identical
chemical properties. To imitate a product, poor
microbial load, contaminated products, or
improper strains are used. Counterfeit products
are being sold in Asian countries due to the
presence of a highly fragmented market with
unorganized players. Furthermore, the supply of
less-effective products, which is again affecting
the sales of the products, is another concern
that needs to be addressed. The effectiveness of
biofertilizers depends on the production process
of biofertilizers and their storage. The supply
of low standard material by certain manufacturers
can adversely affect the credibility of
biofertilizers. Higher consumption of
biofertilizers for organic fruits vegetables
contributes to the growth of the biofertilizers
market in this segment Biofertilizers have
proved to be useful in numerous ways, including
improving the quality, shelf-life, and yield of
fruits vegetables. The increasing trend of
consumer preferences for organic fruits
vegetables due to changing lifestyle and rising
per capita income is the primary factor driving
market growth. A rising trend in the cultivation
of organic fruits vegetables and those under
IPM practices have also created a positive impact
on the growth of the biofertilizers
market. Speak to Analyst https//www.marketsandm
arkets.com/speaktoanalystNew.asp?id856
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• Recent Developments
• In June 2019, Novozymes (Denmark) announced plans
  to continue its research and distribution
  partnership with Bayer (Germany), where Novozymes
  could form multi-partnership with UPL (India) and
  Univar Solutions (US) to distribute its
  biological products. In July 2018, Rizobacter
  Argentina (Argentina) registered an inoculant for
  chickpea. This product would help to increase the
  potential pulses market of Europe and India.
• In July 2018, Rizobacter Argentina (Argentina)
  registered an inoculant for chickpea. This
  product would help to increase the potential
  pulses market of Europe and India.
• In May 2016, Lallemand Inc. (Canada) acquired
  Lage y Cia (Uruguay), a prominent seed inoculant
  company in South America. This acquisition would
  help Lallemand in the product development of
  yeast, fungi, and bacteria as a biostimulant,
  biocontrol, and biofertilizer agent in the
  agriculture industry. 
• Key questions addressed by the report
• Which region will account for the highest share
  in the biofertilizers market?
• How would the declining availability of
  infrastructure impact the growth of the
  biofertilizers market globally?
• What are the trends and factors responsible for
  influencing the adoption rate of biofertilizers
  in key emerging countries? What is the level of
  support offered by governments across these
  countries to the manufacturers?
• Which are the key players in the market and how
  intense is the competition?
• Will the disruption in agriculture technologies
  practices impact the growth of the biofertilizers
  market?
• Request for Customization https//www.marketsandm
  arkets.com/requestCustomizationNew.asp?id856

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