Global Biofertilizer Market Analysis, Share, Size and Forecast 2017-2022

Biofertilizer Market: Global Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2017-2022
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Global Biofertilizer Market Bolstered by Favourable Government Initiatives
The global biofertilizer market has seen tremendous growth over the past few years on account of
the several advantages offered by them. Some of the other growth inducing factors include
increasing environmental pollution, government initiatives and the rising consumption of organic
foods.
According to a latest report by IMARC Group, titled “Biofertilizer Market: Global Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2017-2022”, the global biofertilizer market reached a value of around US$ 9.1
Billion in 2016, exhibiting a CAGR of around 13% during 2009-2016. The term biofertilizer refers to the use of
microbes and organic compounds used to stimulate plant growth and improve soil fertility. Unlike chemical
fertilizers, which provide direct nutrition, biofertilizers help in improving soil fertility in other ways. The
microorganisms present in biofertilizers decompose organic matter and breakdown complex minerals in soluble
form for easy absorption by plants. They also enhance the soil fertility, regulate its nutrient cycle and increase
the plant yields by 15-35%. Moreover, they do not allow pathogens to grow and help in increasing the disease
resistance of plants. The various advantages of biofertilizers over chemical fertilizers and pesticides have led to
their increased use in the agriculture sector.
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Report Description and Highlights
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Although, the penetration of biofertilizers is still at a nascent stage, the developing and emerging
markets are expected to provide numerous growth opportunities over the next few years. The
rising concern regarding environmental pollution caused by the overuse of agrochemicals has also
forced the governments of various countries to promote the use of bio-based products, such as
biofertilizers, through various initiatives. Furthermore, the rising consumption of organic foods
coupled with the use of biofertilizers for organic farming are also driving the global demand for
biofertilizers. As a result, the global biofertilizers market is further projected to reach a value of
around 18.6 US$ Billion by 2022.
The report has segmented the market based on the type of biofertilizers which include nitrogenfixing
biofertilizers, phosphate-fixing biofertilizers and others. Nitrogen-fixing biofertilizers, such as
Acetobacter, Azospirillum, Azotobacter, blue green algae (BGA) and Rhizobium, currently represent
the biggest segment accounting for the majority of the market share. This segment is followed by
phosphate-fixing biofertilizers. Rising consumption of leguminous and non-leguminous foods is
further expected to drive the demand for nitrogen-fixing biofertilizers.
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On the other hand, the phosphate-fixing biofertilizers are expected to witness swift growth over the next few
years. The report has also analysed the market on a regional basis. Asia currently represents the world’s biggest
market accounting for more than one-third of the total sales. Asia is followed by North America and Europe.
This report provides a detailed roadmap for setting up a biofertilizer manufacturing plant. The study covers all
the prerequisites of the biofertilizer industry and provides an in-depth analysis of the market, industry
performance, processing and manufacturing requirements, project cost, project funding, project economics,
expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors,
researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray
into the pulses industry in any manner.
agriculture industry @ http://www.imarcgroup.com/categories/agriculture-
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