Global Biofertilizers Market

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Global Biofertilizers Market
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Biofertilizers market projected to grow at a
CAGR of 14.08 during the forecast period

• The biofertilizers market is projected to grow at
  a CAGR of 14.08
• from 2016, to reach USD 2,305.5 million by 2022.
• The market is driven by factors such as increase
  in demand for fertilizers due to the rise in
  global food production and development in
  biofertilizer manufacturing technologies.
• The high growth potential in emerging markets and
  untapped regions provide new growth opportunities
  for the players in the biofertilizers market.
• Some factors restraining the biofertilizers
  market are lack of awareness and low adoption of
  biofertilizers coupled with poor infrastructure.

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Nitrogen-fixing segment to dominate the
biofertilizers market

• Nitrogen-fixing biofertilizers are used for
  leguminous as well as for non-leguminous crops.
• They are used to grow other crops as well,
  especially, rice and sugarcane.
• The nitrogen-fixing segment growth is attributed
  to the fact that nitrogen-fixing biofertilizers
  are the most commonly used biofertilizers, across
  the globe.
• Substantial RD efforts have been carried out in
  the last couple of decades, along with increasing
  awareness of the farmers these are the major
  reasons driving the growth of this market.

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Asia-Pacific region to account for maximum shares
of the global biofertilizers market

• On the basis of region, the biofertilizers market
  has been
• segmented into North America, Europe,
  Asia-Pacific, Latin America,
• and the Rest of the World, which includes the
  Middle Eastern and African countries.
• The Asia-Pacific region dominated the global
  biofertilizers market in 2015, and this trend is
  projected to continue till 2022.
• The main factors driving the biofertilizers
  market in this region are advancement in
  biofertilizer production technologies, increased
  demand for fertilizers, and presence of
  biofertilizer manufacturing units in this region.

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Other players that have a strong presence in this
market, include the following T. Stanes
Company Limited (India) Camson Bio Technologies
Limited (India) Rashtriya Chemicals
Fertilizers Ltd. (India) Lallemand Inc.
(Canada) Nutramax Laboratories Inc.(U.S.)

• Major players include the following Novozymes
  A/S (Denmark) National Fertilizers Limited
  (India) Madras Fertilizers Limited (India)
  Gujarat State Fertilizers Chemicals Ltd.
  (India) Rizobacter Argentina S.A. (Argentina)

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• The biofertilizers market, on the basis of
  microorganism,
• has been segmented into rhizobium, azotobacter,
• azospirillium, cyanobacteria, phosphate-solubilizi
  ng bacteria,
• and others, which include nostoc, anabaena,
  tolypothrix,
• aulosira, and azolla. The cyanobacteria segment
  dominated
• the market in 2015, and is projected to grow at
  the highest
• CAGR during the forecast period.
• In this report, the biofertilizers market, on the
  basis of type,
• has been segmented into nitrogen-fixing,
  phosphate-solubilizing, potash-solubilizing, and
  others, which include zinc-, boron-, and
  sulfur-solubilizing biofertilizers.
• The nitrogen-fixing segment accounted for the
  largest share in the global biofertilizers market
  in 2015 and is projected to follow the same trend
  for the next six years. By crop type, the cereals
  grains segment accounted for the largest share
  in 2015 and the fruits vegetables segment is
  projected to be the fastest-growing for
  biofertilizers, in 2015.

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Reasons to buy this report

• To get a comprehensive overview of the global
• biofertilizers market To gain wide-ranging
  information about the top players in this
  industry, their product portfolios, and key
  strategies adopted To gain insights into the
  major countries/regions in which the global
  biofertilizers market is flourishing

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