Biofertilizers Market increase the crop yield up to 30% by adding Nutrients
The Research Report on "Biofertilizers Market Size By Application (Soil Treatment, Seed Treatment), By Product (Phosphate Solubilizing, Nitrogen Fixing), Industry Analysis Report, Regional Outlook (U.S., Canada, Spain, France, India, China, Brazil, Egypt), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2015 – 2022", Biofertilizers Market size will surpass USD 1.5 billion valuation by 2022; according to a new research report by Global Market Insights, Inc.
Rising need to attain maximum land fertility in limited arable land to meet increasing crop consumption is among the key trending factors fueling biofertilizers market growth. Shift in consumer preference for organic food to avoid toxic consumption will support the overall industry growth.
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Nitrogen fixing products held in excess of 75% of the 2014 global industry share. Regulatory compliance by EPA and EU pertaining to nitrogen loss in underground water due to synthetic fertilizers usage has supported biofertilizers penetration.
Shift in industry preference towards bio-based alternatives to reduce petroleum products dependency and limiting the carbon emissions will positively influence biofertilizers market growth. The product has wide acceptance in large plantation for small farmers to meet industry expectations.
Commercial organic farming is a relatively new practice and believed to be a limited scale market at present. As per the analysis, 90% of consumers knew about organic products owing to medically claimed health benefits. These products are chemical free, good for health and natural.
Seed treatment applications accounted for more than 65% of the 2014 revenue. Lifestyle improvement has resulted in the rapid organic products market development. The industry has witnessed an established business for organic products due to rising demand from health concerned consumers. Increasing renewable products penetration, by phasing out toxic, synthetic products periodically and reducing carbon footprints has favored industry growth. High cost over its conventional alternatives may impact biofertilizers market price trend.
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U.S. biofertilizers market size from seed treatment applications was valued over USD 65 million in 2014. Positive agriculture industry outlook along with increasing awareness towards eco-friendly farming has stimulated the regional industry growth.
Asia Pacific is majorly influenced by China, India, and Malaysia biofertilizers market. The region expects over 13% growth up to 2022. Government support through schemes and exemption on promoting organic farming has positively influenced product demand. Spain and France were the key revenue generating countries in Europe biofertilizers market growth. Nitrogen fixing accounted for over 80% of the overall regional industry share.
Rise in per-capita disposable income owing to rise in living standards may favor organic food demand. Organic farming is practiced in more than 160 countries worldwide. Global organic food market is likely to register a CAGR of over 16%. Key organic foods include organic fruits, vegetables, meat products, naturally derived alcoholic beverages such as beer and wine.
Global biofertilizers market share is fragmented and competitive with strong domestic player presence. CBF China Biofertilizers AG & Novozymes are main players with diversified distribution channels and product portfolio.
In terms of geographic presence other companies include AgriLife, Biomax, Labiofam S.A., Antibiotice S.A, Mapleton & Symborg.
Biofertilizers market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2012 to 2022, for the following segments:
Biofertilizers market by Product
- Nitrogen fixing
- Phosphate solubilizing
- Others
Biofertilizers market by application
- Seed treatment
- Soil treatment
The above information is provided on a regional and country basis for the following:
- North America
- U.S.
- Canada
- Europe
- France
- Spain
- Asia Pacific
- China
- India
- Latin America
- Brazil
- Middle East & Africa
- Egypt
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