Withthe growing awareness about the adverse effects of chemical fertilizers onenvironment, the global biofertilizersmarket gathers momentum. Chemical fertilizers significantlycontaminate water and pollute the soil, which has shifted the preference towardbiofertilizers, as they are environment friendly. In addition, an increasedawareness about one’s health and with the concept of eating healthy, the globalbiofertilizers market has garnered momentum. In the case of organic farming,use of biofertilizers is compulsory, as such with the growing popularity oforganic food, the market expands.
Some of thewell-known companies in the global biofertilizers market are RashtriyaChemicals & Fertilizers Ltd, Ajay Bio-Tech (India) Ltd, Camson BioTechnologies, International Panaacea Limited, Rizobacter Argentina S.A, and TStanes & Company Ltd.
Researchersat Transparency Market Research (TMR) have prepared a comprehensive report onglobal biofertilizers market. The analysts predict that the globalbiofertilizers market to likely to expand at a double digit growth rate of 12.9% CAGR over forecast tenure, 2017 to 2025.
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North America and Europe areProjected to Drive the Growth of the Market
The globalbiofertilizers market is split into the major regions of Asia Pacific, MiddleEast and Africa, Latin America, North America, and Europe. The segmentationsmake an offering of region-based information and market dynamics that couldimpact the growth of the global biofertilizers market in times to come.
Consideringregional classifications, it is estimated that North America is expected toexperience high demand for biofertilizers, thanks to demand for high productionand existence of sound administrative infrastructure. Growth of thebiofertilizers market in the region is likely to be estimated to be driven byCanada and the U.S. Europe is expected to closely follow North America in the yearsto come. Presence of common agricultural policy (CAP) in Europe boostsbiofertilizers market in the region.CAP is responsible for the implementationof various agricultural subsidies and many other programs in the region. Theoverall policy recommends the lesser use of chemical inputs.
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In AsiaPacific, it is expected that the market will flourish in years to comefollowing growing awareness among farmers about the advantages of usingbiofertilizers. Furthermore, substantial rise in the research and developmentactivities is expected to further boost the Asia Pacific biofertilizers marketover the forecast period, from 2017 to 2025.
Increased Use in Soil Treatment toAccentuate Demand for Biofertilizers over Forecast Tenure
Soiltreatment methods are capable of improving the yield of crops with betterquality. When biofertilizers are mixed with the soil, the nutrient content ofthe soil gets better, which has proven to increase yield by a good 10 percentto 15 percent. In addition, it does not deteriorate the quality of soil and theoverall environment. The global biofertilizers market is likely to beencouraged by the growing popularity of soil treatment, particularly in theAsian countries.
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The globalbiofertilizers market gathers momentum from the growing shortage of arable landand increased demand for agricultural yield to cater to the need of increasingpopulation. The products that come under the segment of oats and grain needconsiderable amount of biofertilizers. Oats, wheat, grain, and rice are some ofsuch crops that need substantial amount of biofertilizers to optimize outputthereby supporting growth of the global biofertilizers market over the forecasttenure.
Biofertilizershave gained traction in recent times as it has proved to be beneficial for inmore than one ways. Improvements in the yield, shelf life, and overall qualityof vegetables and fruits have been observed with use of biofertilizers. Inaddition to that, the growing inclination toward organic vegetables and fruitsowing to growing awareness about its benefits and rise in per capita income ofthe people is another growth factor for the global biofertilizers market.
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