Biofertilizers Market Size To Reach $1.66 Billion By 2022

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Biofertilizers market size to grow at a CAGR of
over 13.2 from 2015-2022Fractovia.org
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Overview

• Changing consumer trends towards organic food
  consumption coupled with growing requirement for
  high agricultural production to match the needs
  of rising population are some of the factors
  predicted to promote the demand for
  biofertilizers over the next few years.
• Biofertilizers market worth USD 535.8 million in
  2014, is predicted to exceed USD 1.66 billion
  mark by 2022, growing at a CAGR of 13.2 over the
  period of 2015-2022. Growing environmental
  concerns along with a shift in trend towards the
  use of bio-based products to reduce greenhouse
  emissions are predicted to drive the industry
  growth over the coming eight years.

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• Biofertilizers find their use in soil treatment
  and seed treatment applications. For instance,
  its use in agriculture helps in decomposing
  organic residues and promotes the plant growth.
  Furthermore, environmental legislations passed by
  the EU and EPA to prevent the use of synthetic
  fertilizers owing to loss of nitrogen in
  underground water are predicted to boost
  biofertilizers market size. Owing to its
  ecofriendly features, biofertilizers have become
  very popular in Europe and North America.
• Soil treatment applications segment is predicted
  to grow significantly at a rate of 12.5 over the
  forecast timeframe driven by the growing use of
  biofertilizer for improving the fertility of soil
  resulting in high crop yield.

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Application Trends

• Seed treatment applications segment contributing
  65 towards the overall revenue share in 2014, is
  predicted to witness a significant growth over
  the forecast period. Biofertilizers adds
  macronutrients like sulfur, phosphorous, and
  nitrogen in seed treatment applications to
  increase the nutritional contents of vegetables,
  crops, and fruits.
• The nitrogen fixing biofertilizers market which
  contributed more than 75 towards the overall
  revenue in 2014, is predicted to witness a
  substantial growth over the forecast timeline due
  to its growing use in soil and seed treatment
  applications. For instance, bacterium like
  azospirillum brasilense, azotobacter, and
  rhizobium are mainly used for nitrogen fixation
  in soil and seed treatment applications.

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Browse Full Market Research Report
Biofertilizers market_at_ http//bit.ly/2h58Lam
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report _at_ http//bit.ly/2h5hJEe
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Spain biofertilizers market size, by product,
2012-2022 (USD Million)

https//www.gminsights.com/industry-analysis/biofe
rtilizers-market
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