DUBLIN--(BUSINESS WIRE)--The "Global
Biofertilizers Market - Segmented by Microorganisms, Crop type and
Geography - Growth, Trends and Forecasts (2018 - 2023)" report
has been added to ResearchAndMarkets.com's offering.
The global biofertilizers market is estimated at USD 668.47 million in 2016 and is forecasted to register a CAGR of 13.3% during the period, 2018 to 2023.
The tremendous growth of the market is backed by an increasing demand for organic food around the world .Organic agriculture is being adopted widely, to reduce the dependence on chemical inputs for food supply. Biological organic fertilizers act as useful supplements for chemical fertilizers, and are therefore popularly adopted for organic farming. The use of biofertilizers is one of the important components in organic agriculture practices around the globe. They are often cost effective and are a renewable source of plant nutrients, to supplement the chemical fertilizers for sustainable agriculture
Among the crop application areas, major cereals and minor cereals comprise around 40% share of the global biological organic fertilizer market. Currently, cereals and grains category provides the maximum demand for biofertilizers, owing to increasing consumer demand due to rising population and decreasing arable land. It has been detected that cereals and grains need considerable amount of biofertilizers for proper growth. Farmers have started to use biofertilizers as a replacement to chemical fertilizers as it helps in sustaining the soil nutrient generation cycle.
- Novozymes A/S
- Rizobacter Argentina S.A
- Lallemand Inc.
- National Fertilizers Limited
- Madras Fertilizers Limited
- Gujarat State Fertilizers & Chemicals Ltd.
- Camson Biotechnologies Limited
- Rashtriya Chemicals & Fertilizers Ltd.
- Agri Life
- Kiwa Bio-Tech Products Group Corporation
- Krishak Bharati Cooperative
- CBF China Bio-Fertilizer AG
Key Topics Covered:
2. Research Scope & Methodology
3. Market Dynamics
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
7. Outlook of the Market
For more information about this report visit https://www.researchandmarkets.com/research/w3tc85/global?w=4