Global Biofertilizers Market Research, Growth, Trends and Forecast Global Biofertilizers Market Research, Growth, Tre
According to the report "Biofertilizers Market", published by Market Data Forecast, the global
market is projected to reach USD 1760.39Million by 2021, at a CAGR of 13.6% from 2016 to
2021.
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There is a shift observed to bio-based substitutes to decrease dependence on petroleum
products and lower carbon releases into the atmosphere which further helps in reducing global
warming all around the globe.
Biofertilizers have living microorganisms that endorse plant growth by aggregating the
availability of basic nutrients to the host plant. The use of favorable microbes as organic
Biofertilizers have evolved as of great importance in the agricultural area for the ability they
carry to deliver food safety and a supportable crop production method.
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Increasing health concerns about the usage of chemical fertilizers have driven the demand for
Biofertilizers. As life style associated diseases are rising, demand for organic food is also gaining
importance. This has fortified the farmers to make use of an organic fertilizer which is one of the
key reasons for the rapid growth of bio fertilizer market. Though, certain Biofertilizers allegedly
have sedative effects. Yet, the global Biofertilizers market has a great opportunity to expand
across the developing economies.
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Segmentation:
By Type:
Nitrogen Fixing
Phosphate Solubilizing
Potash Mobilizing
By Crop Type:
Cereals & Grains
Pulses & Oilseeds
Fruits & Vegetables
By Microorganism:
Azotobacter
Azospirillium