Demand from Emerging Markets Will Spur Growth in the Global Biofertilizers Market from 2015 to 2019: TechNavio

LONDON--()--According to a new report from research firm TechNavio, the Global Biofertilizers Market is expected to grow at a CAGR of 14.08 percent from 2015-2019.

Factors like increased health consciousness, environmental awareness and spending capacity are causing unprecedented consumer demand for organic foods, which is leading more farmers to rely on biofertilizers.

About the Report

The new report from TechNavio emphasizes increasing use of biofertilizers in emerging markets like Latin America, India and China as a major market growth driver. Governments worldwide are providing support for the adoption of biofertilizers through subsidies, regulatory assistance and information and education campaigns.

“Only a decade ago, the high consumption of biofertilizers was primarily concentrated in developed nations like North America and Europe. Now, however, the demand pattern has shifted toward countries showing high economic growth, such as India and China,” says Faisal Ghaus, Vice President of TechNavio.

“Low-income and developing countries are also expected to witness an increase in demand for biofertilizers during the forecast period, as international bodies like the World Economic Forum take initiatives towards enhancing agriculture as a means to promote sustainability and healthy agricultural practices.”

Key Information Covered in the Report:

  • Market segmentation, size and forecast through 2018
  • Market Growth Drivers:
    • Growing Consumer Preference for Organic Food
    • For a full detailed list, view our report.
  • Market Challenges:
  • Market Trends:
    • Increased Consumption from Emerging Markets
    • For a full detailed list, view our report.
  • Key Vendors:
    • Antibiotice SA
    • Biomax
    • Labiofam SA
    • Novozymes A/S
    • Symborg SL
  • Other Prominent Vendors:
    • Agri Life
    • Ajay Bio-tech
    • CBF China Biofertilizers
    • Growing Power Hairy Hill

TechNavio currently has more than 3000 market research reports on a huge range of topics, including 150+ reports on agriculture markets:

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

TechNavio Research
Jes Ellacott, Media & Marketing Executive
US: +1 630 333 9501 UK: +44 208 123 1770
www.technavio.com
media@technavio.com

Release Summary

The Global Biofertilizers Market is expected to grow at a CAGR of 14.08 percent from 2015-2019, according to research firm TechNavio.

Contacts

TechNavio Research
Jes Ellacott, Media & Marketing Executive
US: +1 630 333 9501 UK: +44 208 123 1770
www.technavio.com
media@technavio.com