Mithila Samachar

Global Biofertilizers Market Trend, Growth Rate ,Business Insight ,Application & Top players like Novozymes A/S , Gujarat State Fertilizers & Chemicals Ltd etc.

 Breaking News
  • No posts were found

Global Biofertilizers Market Trend, Growth Rate ,Business Insight ,Application & Top players like Novozymes A/S , Gujarat State Fertilizers & Chemicals Ltd etc.

October 19
18:40 2021
Global Biofertilizers Market Trend, Growth Rate ,Business Insight ,Application & Top players like Novozymes A/S , Gujarat State Fertilizers & Chemicals Ltd etc.
Global Biofertilizers Market
Global Biofertilizers Market Size, Trends & Growth Opportunity, By Product (Phosphate Solubilizing, Nitrogen Fixing, and Others), By Application (Seed Treatment, and Soil Treatment), By Region and Forecast till 2027

Global Bio fertilizers Market was valued at US$ 99.72 Million in 2019, estimated to reach US$ 1,590.23 Million, in 2020 and is projected to grow US$ 195.60 Mn by the end of 2027, with a CAGR of 5.96 % from 2021-2027.

Biofertilizer is defined as the substances made from biological waste that contains living microorganisms, which help in the growth of plants by increasing the supply of nutrients to it. The microorganisms present in biofertilizers decompose organic matter & breakdown complex minerals for easy absorption by plants. This process enriches the soil with nutrients, which in turn promotes healthy growth of the plant.

Request a Sample to get extensive insights into the Biofertilizers Market at

https://qualiketresearch.com/request-sample/Biofertilizers-Market/request-sample

List of Key Players of Global biofertilizers Market

  • Novozymes A/S
  • Gujarat State Fertilizers & Chemicals Ltd
  • Rizobacter Argentina S.A
  • Rashtriya Chemicals & Fertilizers Limited
  • T. Stanes & Company Limited
  • National Fertilizers Limited
  • Madras Fertilizers Limited
  • International Panaacea Limited
  • Lallemand Inc.

Nowadays, consumers are increasingly concerned about environmental issues, food safety concerns and increased waste levels in food due to the increasing concerns about their health. This increase in awareness made them prefer foods without chemicals. Also, the rise in level of nitrogen and phosphorus available to plants, more naturally than other fertilizers and improvement of soil by restoring its normal fertility. Furthermore, biofertilizers boost the improvement of soil texture and quality, which helps plants to grow better during severe conditions, such as drought. In addition, biofertilizers are cheap & easy-to-use alternatives to manufactured petrochemical products.

The global agriculture sector is a fast-moving sector with dynamic changes on various levels across all economies of the world. With intervention of digital farming & precision farming practices prevailing in all countries, the increasing economic regions are adapting to technological reforms to sustain in the ecosystem. Growing technological adaptability comes with high investments, which in turn, affects the overall return on investments (ROI). This is another driving factor which puts an entry barrier to small agricultural entrepreneurs & medium-scale farmers to penetrate in the global competitive environment.

In February 2021, Novozymes A/S had collaborated with the FMC (agricultural sciences company), Under this collaboration, these companies will combine their respective research & development capabilities with Novozymes serving as manufacturing partner & FMC as the commercial partner. Novozymes aims to enter agricultural biocontrol with enzymes through this collaboration.

Buy Full Report at

https://qualiketresearch.com/paymentgateway/Biofertilizers-Market/payment-gateway

 

Qualiket Research has segmented the Global biofertilizers Market based on Product, Application, Crop Type segment and region.

By Product

  • Phosphate Solubilizing
  • Nitrogen Fixing
  • Others

By Application

  • Seed Treatment
  • Soil Treatment

By Crop Type

  • Oilseeds & Pulses
  • Cereals & Grains
  • Fruits & Vegetables
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific

 

Key Insights & Findings:

  • In the application segment, seed treatment is expected to dominate the Bio fertilizers Market throughout the forecast period, and is estimated to account for 72.85% of the market share in 2020.
  • Among the crop segment, the Cereals & Grains segment is expected to drive the market demand for bio fertilizers market, and would grow at a highest CAGR of 9.22%, during the forecast period.
  • The market in North America is projected to dominate the Bio fertilizers market owing to the rising demand for organic products, growing acceptance of bio fertilizers among rural farmers as well as high adoption of advanced irrigation systems such as drip & sprinkler irrigation for fertigation.
  • The Asia Pacific and African regions are the largest consumers of fertilizers. The increasing rate of population, especially in APAC, has resulted in the increasing demand for food, which would, in turn, lead to the increased consumption of fertilizers.

 

Get your Customized Research Report:

https://qualiketresearch.com/request-sample/Biofertilizers-Market/ask-for-customization

 

About Us

QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition. 

Media Contact
Company Name: QualiKet Research
Contact Person: Vishal Thakur
Email: Send Email
Phone: +1 231 930 2010
City: Pune
State: Maharashtra
Country: India
Website: https://qualiketresearch.com