DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/j63r8q/global) has announced the addition of the "Global Bio-Fertilizers Market - (2014- 2020)" report to their offering.
The global biofertilizers market was $884.39 million in 2014 and is estimated to reach $1.93 billion, at a CAGR of 13.89%, by 2020.
North America leads the biofertilizers market in 2014; however, APAC is estimated to be the fastest growing market for the forecasted period. Growth in Europe is attributed to the stringent regulations regarding maximum level of residue and also on the increasing cost of substitutes - chemical fertilizers. APAC market is growing quickly with increasing awareness among farmers on the ill effects of chemicals.
An increase in the rate of consumption of organic food and stringent regulatory frameworks concerning the maximum chemical residue is the major factor for the growth of the biofertilizers industry in different regions. Biofertilizers have emerged as the most feasible solution to these issues and have been gaining considerable market acceptance since the time they were first introduced.
In addition, the low price of biofertilizers compared to chemical based fertilizers has also been boosting the demand for biofertilizers. However, lack of awareness amongst the farmers hailing from developing countries has been one of the major factors hindering the market growth.
Along with catering to the local market, the Asia-Pacific and rest of the world regions are the biggest exporters of biofertilizers. The industry is fragmented constituting many regional players dominating the market.
1. Our Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Bio-Fertilizers Market Segmentation, Forecasts and Trends - by Revenue
6. Global Vendor Market Share Analysis
7. Competitive Intelligence - Company Profiles
8. Investment Scenario
- Agri Life
- Antibiotice S.A
- Camson Bio Technologies Limited
- Lallemand Inc.
- Madras Fertilizers Limited
- National Fertilizers Limited
- Novozymes A.S.
- Nutramax Laboratories
- Rizobacter Argentina S.A.
- T. Stanes & Company Limited
For more information visit http://www.researchandmarkets.com/research/j63r8q/global