Biofertilizers Market Industry Trends, Opportunities, & Statistics | COVID-19 Impact on Biofertilizers Market - PowerPoint PPT Presentation

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Biofertilizers Market Industry Trends, Opportunities, & Statistics | COVID-19 Impact on Biofertilizers Market

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Biofertilizers Market report categorizes the Global Market by Form, Crop Type, Type, Mode of Application, & by Geography. Get detail insights on Covid-19 Impact on Biofertilizers Market, get report today – PowerPoint PPT presentation

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Title: Biofertilizers Market Industry Trends, Opportunities, & Statistics | COVID-19 Impact on Biofertilizers Market


1
MarketsandMarkets Presents
Biofertilizers Market - Forecast to
2025 https//www.marketsandmarkets.com/Market-Repo
rts/compound-biofertilizers-customized-fertilizers
-market-856.html

2
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
3.9 billion by 2025, from USD 2.3 billion in
2020, recording a CAGR of 11.6 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. Browse 182 market data Tables and 46
Figures spread through 240 Pages and in-depth TOC
on "Biofertilizers Market - Global Forecast to
2025 The biofertilizers market includes
domestic companies suppliers like Madras
fertilizers Ltd, National Fertilizers company
Ltd, Jaipur Biofertilizers and Varsha Biosciences
Biotech Pvt Ltd. These suppliers have their
manufacturing facilities mainly across single
region. Though COVID-19 has impacted their
businesses as well but there is no significant
impact on the supply chain of their
biofertilizers. Multiple manufacturing facilities
of players are still in operation. Due to supply
chain disruptions, labour shortage, closure of
food outlets, the supply hasnt been able to
cross the regional and national borders. But due
to the increasing demand for food, will increase
the production area in the future, once the
crisis comes to standstill. However, the demand
for biofertilizers is yet to increase after
government relaxations. Download PDF Brochure
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id856
3
  • 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 identify the key drivers and restraints that
    have an impact on the global market
  • To strategically profile the key players and
    comprehensively analyze their market positions in
    terms of core competencies, along with detailing
    the competitive landscape for market leaders
  • To analyze strategic approaches such as
    acquisitions, expansions, investments, product
    launches approvals, agreements, collaborations,
    and partnerships in the biofertilizers 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
  • Secondary Research
  • In the secondary research process, various
    secondary sources such as Bloomberg BusinessWeek
    and Factiva were referred to, to identify and
    collect information for this study. These
    secondary sources included annual reports, press
    releases investor presentations of companies,
    white papers, certified publications, articles by
    recognized authors, gold silver standard
    websites, regulatory bodies, trade directories,
    and databases.
  • Request for sample Pages https//www.marketsandma
    rkets.com/requestsampleNew.asp?id856

4
Driver 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. With the
outbreak of COVID-19 pandemic, people have become
more conscious about healthy organic food
products, which has driven the market growth of
biological inputs, such as biofertilizers.
Constraint Environmental and technological
constraints Biofertilizer products have a
limited shelf-life and run a high risk of
contamination. The microorganisms used as
biofertilizers become non-viable when exposed to
high temperature. Therefore, it is very important
to store them in a cool and dry place. The major
problem in the agricultural inoculation
technology is the survival of microorganisms
during storage other challenges revolve around
several parameters such as culture medium,
physiological state of the microorganisms when
harvested, dehydration process, rate of drying,
temperature maintenance during storage, and water
activity of inoculants. Opportunity New target
markets Asia Pacific Africa The Asia Pacific
and African regions are the largest consumers of
fertilizers. The increasing rate of population,
especially in Asia, has resulted in the
increasing demand for food, which would, in turn,
lead to the increased consumption of fertilizers.
However, the major concerns in this region are
pollution and contamination of soil as well as
their harmful effects on human beings. Make an
Inquiry https//www.marketsandmarkets.com/Enquiry
_Before_BuyingNew.asp?id856  
5
  • With the increasing demand for organic food
    products, North America is estimated to dominate
    the biofertilizers market in 2020
  • Changing lifestyle and increasing buying power
    among consumers has increased the demand for
    biofertilizers. High adoption of advanced
    irrigation systems such as drip sprinkler
    irrigation and widespread acceptance of
    biofertilizers among the farmers is further
    propelling the market growth. The farmers in this
    region are highly skilled in terms of knowledge
    and machinery. Due to the rampant use of chemical
    fertilizers, the fertility of the soil is
    declining. To maintain soil fertility as well as
    the yield of crops, farmers are sustainably
    opting for biofertilizers.
  • 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).
  • 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 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.  
  • Speak to Analyst https//www.marketsandmarkets.co
    m/speaktoanalystNew.asp?id856

6
Contact Us
ContactMr. Shelly SinghMarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email
sales_at_marketsandmarkets.comBlog _at_
https//www.marketsandmarketsblog.com/market-repor
ts/agriculture-industry Connect with us on
LinkedIn _at_ http//www.linkedin.com/company/markets
andmarkets
7
About MarketsandMarkets
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