Biofertilizers Market - Global Industry Analysis, Size, Share 2013 - 2019
A
new report based on the global biofertilizers market is added to the
vast research-report database of Transparency Market Research.
The
report, titled “Biofertilizers (Nitrogen Fixing, Phosphate
Solubilizing and Others) Market for Seed Treatment and Soil Treatment
Applications - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2013 – 2019”, states that the market could reach a
net market worth of US$ 1,028.7 million by 2019, growing at a CAGR of
13.0%
during 2013 and 2019. This market valued
US$ 440.0 million in 2012.
Rising
concerns about the harmful side effects of chemical fertilizers on
soil and environment, rising popularity and adoption of the organic
food industry, and promotional activities by government bodies
supporting the production and distribution of biofertilizers are the
major driving factors for the global biofertilizers market.
Rising
awareness about the innumerous benefits of biofertilizers in emerging
economies such as China and India also presents huge growth potential
for this market. However, low adoption rates due to lack of knowledge
of proper usage of these products is a major factor that could
potentially hamper the expected growth of this industry in the global
market.
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Full Report with TOC :
The
report focuses on three broad categories of the global biofertilizers
market - types of products, areas of application, and regional
markets.
Product
types segment is further classified into Nitrogen fixing, phosphate
solubilizing, and other nominal product types. Demand for nitrogen
fixing biofertilizers was the highest in 2012 when this product
segment acquired nearly 78% shares of the total global biofertilizers
market.
High
market share of this product segment is due to its ecologically
profound way of increasing nutrient supply to plants. Also the need
to increase leguminous and non-leguminous crop yield in a cost
effective and environmentally safe manner, to meet the rising food
demands on a global level, is also fueling market growth.
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Sample Report Copy from here :
Application-wise,
the market is further categorized into soil treatment and seed
treatment. Seed treatment accounted for the largest market shares and
had a net worth of nearly US$ 316.5 million in 2012. According to the
report, the rising restrictions on the use of chemical fertilizers
due to their ill-effects on the environment as well as the final
harvest are resulting in the shift from chemical fertilizers to
biofertilizers for soil treatment.
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Geography-wise,
the region of North America led the global biofertilizers market in
2012, accounting for nearly 32% shares of the global demand. This was
due to the presence of a huge industry of genetically modified crops
in the region, where biofertilizers are widely used for treating
crops.
Asia-Pacific
is expected to witness growth at the fastest pace owing to rising
awareness about environmental hazards associated with chemical
fertilizers, intensive adoption of organic farming, and promotion by
government bodies through grants, tax exemptions, and tax incentives
for producing and distributing biofertilizers.
The
report also discusses profiles and market shares of major industry
players such as Antibiotice S.A., Agri Life, Madras Fertilizers Ltd.,
Symborg S.L., Novozymes, Lallemand Inc., Gujrat State Fertilizers &
Chemical Ltd., and Biomax.
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