Biofertilizers Market Worth 1.88 Billion USD by 2020
12 Aug, 2015, 10:30 BST
CHICAGO, August 12, 2015 /PRNewswire/ --
The report "Biofertilizers Market by Type (Nitrogen-fixing, Phosphate-solubilizing & Potash- mobilizing), Microorganisms (Rhizobium, Azotobacter, Azospirillum, Cyanobacteria & Phosphate-Solubilizing Bacteria), Application, Crop Type & by Region - Global Forecast to 2020" published by MarketsandMarkets, Biofertilizers Market is expected to reach USD 1.88 Billion by 2020 at a CAGR of 14.0% from 2015 to 2020
Browse 82 Tables and 75 Figures spread through 204 Pages and in-depth TOC on "Biofertilizers Market"
Early buyers will receive 10% customization on this report.
The market report defines and segments the Biofertilizers Market with analysis and forecasting of the global revenues for biofertilizers. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges.
Ask of Brief Illustration of this Report: http://www.marketsandmarkets.com/pdfdownload.asp?id=856
The segmentation considered for this report is based on the type, crop type, microorganisms, application, and region. The market has been segmented on the basis of type into nitrogen-fixing, phosphate-solubilizing, potash-mobilizing, and other including zinc, boron, and sulfur-solubilizing biofertilizers. The market for Nitrogen-fixing biofertilizers is projected to witness the highest growth due to increasing application in the growing agriculture industry owing to the increasing food demand in both, developed and developing nations.
The market has been further segmented on the basis of crop type into cereals & grains, pulses & oilseeds, fruits & vegetables, and others including turf & ornamentals, plantation crops, fiber crops, spices, and silage & forage crops.
The microorganisms segment of the biofertilizers include rhizobium, azotobacter, azospirillum, cyanobacteria, phosphate-solubilizing bacteria and others which include potash-mobilizing, zinc biofertilizers, sulfur-solubilizing biofertilizers, and manganese solubilizer. Cyanobacteria accounted for the largest market share of the total Biofertilizers Market in 2014. On the basis of application, the seed application accounted for the largest market share in 2014.
The Biofertilizers Market is projected to grow at a CAGR of 14.0% from 2015 to 2020. The increasing demand for organic products from emerging economies due to increased spending power and awareness level regarding health and wellness are expected to accelerate the growth of the Biofertilizers Market.
Leading players in the Biofertilizers Market include Gujarat State Fertilizers & Chemicals Ltd. (India), Novozymes A/S (Denmark), Rizobacter Argentina S.A. (Argentina), Camson Bio Technologies Limited (India), and Lallemand Inc. (Canada). One of the major developments observed in the Biofertilizers Market is expansion. This strategy was adopted due to the increasing requirements for organic food products all over the world. It helped the manufacturers to increase their organic and clean label product portfolio and also increased their geographic presence in the biofertilizers industry. Companies are adopting inorganic growth strategies such as acquisitions, agreements, and joint ventures to cope with the increasing demand of biofertilizers in the emerging markets. These strategies have enabled companies to create a large customer and partner base in key markets.
Browse related reports:
Controlled-release Fertilizers Market by Type (Condensation Products of Urea, Coated & Encapsulated Fertilizers, & N Stabilizers), by Crop Type, & by Geography - Global Trends and Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/controlled-release-fertilizers-market-136099624.html
Agricultural Inoculants Market by Type (PGPMs, Bio-Control Agents, & Plant Resistance Stimulants), Source (Bacterial & Fungal), Mode of Application, Crop Type, & Geography - Global Trends & Forecasts to 2019
http://www.marketsandmarkets.com/Market-Reports/agricultural-inoculants-market-152735696.html
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
1 South Dearborn Street,
21st Floor , Chicago,
Illinois, 60603,
United States
Tel: + 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/agriculture-industry
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets