Global Biofertilizer Market Trends, Share, Size and Forecast 2017-2022

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Biofertilizer Market Global Industry Trends,
Share, Size, Growth, Opportunity and Forecast
2017-2022
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Report Description and Highlights
Report Description
Global Biofertilizer Market Bolstered by
Favourable Government Initiatives The global
biofertilizer market has seen tremendous growth
over the past few years on account of the several
advantages offered by them. Some of the other
growth inducing factors include increasing
environmental pollution, government initiatives
and the rising consumption of organic
foods. According to a latest report by IMARC
Group, titled Biofertilizer Market Global
Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2017-2022, the global biofertilizer
market reached a value of around US 9.1 Billion
in 2016, exhibiting a CAGR of around 13 during
2009-2016. The term biofertilizer refers to the
use of microbes and organic compounds used to
stimulate plant growth and improve soil
fertility. Unlike chemical fertilizers, which
provide direct nutrition, biofertilizers help in
improving soil fertility in other ways. The
microorganisms present in biofertilizers
decompose organic matter and breakdown complex
minerals in soluble form for easy absorption by
plants. They also enhance the soil fertility,
regulate its nutrient cycle and increase the
plant yields by 15-35. Moreover, they do not
allow pathogens to grow and help in increasing
the disease resistance of plants. The various
advantages of biofertilizers over chemical
fertilizers and pesticides have led to their
increased use in the agriculture
sector. Request Sample of the Report _at_
http//www.imarcgroup.com/request?typereportid1
7flagB
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Report Description and Highlights
Report Description
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Report Description and Highlights
Report Description
Although, the penetration of biofertilizers is
still at a nascent stage, the developing and
emerging markets are expected to provide numerous
growth opportunities over the next few years. The
rising concern regarding environmental pollution
caused by the overuse of agrochemicals has also
forced the governments of various countries to
promote the use of bio-based products, such as
biofertilizers, through various initiatives.
Furthermore, the rising consumption of organic
foods coupled with the use of biofertilizers for
organic farming are also driving the global
demand for biofertilizers. As a result, the
global biofertilizers market is further projected
to reach a value of around 18.6 US Billion by
2022. The report has segmented the market based
on the type of biofertilizers which include
nitrogen-fixing biofertilizers, phosphate-fixing
biofertilizers and others. Nitrogen-fixing
biofertilizers, such as Acetobacter,
Azospirillum, Azotobacter, blue green algae (BGA)
and Rhizobium, currently represent the biggest
segment accounting for the majority of the market
share. This segment is followed by
phosphate-fixing biofertilizers. Rising
consumption of leguminous and non-leguminous
foods is further expected to drive the demand for
nitrogen-fixing biofertilizers. Read full
Report _at_ http//www.imarcgroup.com/biofertilizer-
azotobacter-and-rhizobium-manufacturing-plant
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Report Description and Highlights
Report Description
On the other hand, the phosphate-fixing
biofertilizers are expected to witness swift
growth over the next few years. The report has
also analysed the market on a regional basis.
Asia currently represents the worlds biggest
market accounting for more than one-third of the
total sales. Asia is followed by North America
and Europe. This report provides a detailed
roadmap for setting up a biofertilizer
manufacturing plant. The study covers all the
prerequisites of the biofertilizer industry and
provides an in-depth analysis of the market,
industry performance, processing and
manufacturing requirements, project cost, project
funding, project economics, expected returns on
investment, profit margins, etc. This report is a
must-read for entrepreneurs, investors,
researchers, consultants, business strategists,
and all those who have any kind of stake or are
planning to foray into the pulses industry in any
manner. Browse more reports related to
agriculture industry _at_ http//www.imarcgroup.com/c
ategories/agriculture-market-reports

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Report Description and Highlights
Report Description

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