Bharat Book Bureau provides the report; on â Global Biofertilizers Marketâ. This Report this region are advancement in biofertilizer production technologies, increased demand for fertilizers.
Mumbai, India: Bharatbook announces a report on â Global Biofertilizers Marketâ. This report,rise in global food production and development in biofertilizer manufacturing technologies.
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 ...view middle of the document...
The fruits & vegetables segment is projected to grow with the highest CAGR from 2016 to 2022. The growth in demand and consumption of fruits & vegetables, across the globe, has driven the consumption of biofertilizers used to cultivate them.
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.
Major players include the following:
â˘ Novozymes A/S (Denmark)
â˘ National Fertilizers Limited (India)
â˘ Madras Fertilizers Limited (India)
â˘ Gujarat State Fertilizers & Chemicals Ltd. (India)
â˘ Rizobacter Argentina S.A. (Argentina)
Other players that have a strong presence in this market, include the following:
â˘ T. Stanes & Company Limited (India)
â˘ Camson Bio Technologies Limited (India)
â˘ Rashtriya Chemicals & Fertilizers Ltd. (India)
â˘ Lallemand Inc. (Canada)
â˘ Nutramax Laboratories Inc.(U.S.)
The biofertilizers market, on the basis of microorganism, has been segmented into rhizobium, azotobacter, azospirillium, cyanobacteria, phosphate-solubilizing 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...