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Biofertilizers Market by Type (Nitrogen Fixing, Phosphate Solubilizing, Potash Mobilizing), by Crop Type (Cereals & Grains, Oilseed & Pulses, Fruits and Vegetables), by Micro-Organism (Rhizobium, Azotobacter, Azospirillium, Cyanobacteria, Phosphate Solubi
Biofertilizers Market by Type (Nitrogen Fixing, Phosphate Solubilizing, Potash Mobilizing), by Crop Type (Cereals & Grains, Oilseed & Pulses, Fruits and Vegetables), by Micro-Organism (Rhizobium, Azotobacter, Azospirillium, Cyanobacteria, Phosphate Solubi


 
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Publisher: Markets & Markets
Publication: Date: 202
No. of Pages: 14-Jan-13
Delivery Format: PDF

Product Code: MM-130116



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Description Contents
 
The global biofertilizers market is dominated by North America and Europe The main reason for the growth in European nations is the stringent regulatory framework regarding maximum residue level as well as the increasing cost of chemical fertilizers. The market in the Asia-Pacific region has picked up pace due to rising awareness among farmers as well as consumers about the harmful effects of chemicals. More emphasis is being laid on sustainable agriculture by the governments. Increased rate of consumption of organic food all over the world, due to the health hazards caused by chemicals to soil and to human health, is another factor triggering the growth of the biofertilizers industry in the Asia-Pacific region. Along with catering to the local market, the Asia-Pacific and ROW regions are the biggest exporters of biofertilizers.

There is a surge in demand for biofertilizers in European countries such as Spain, Italy, and Denmark. Thus, a rise in the rate of consumption of organic food and stringent regulatory frameworks concerning the maximum chemical residue is the major factor for the growth of the biofertilizers industry in different regions. The global biofertilizers market comprises numerous regional companies instead of few large global players. Some major companies in the biofertilizers sector include Novozymes A.S. (Denmark), National Fertilizers Limited (India), Madras Fertilizers Limited (India), Gujarat State Fertilizers & Chemicals Ltd. (India), Rizobacter Argentina S.A. (Argentina), T. Stanes & Company Limited (India), Camson Bio Technologies Limited (India), Rashtriya Chemicals & Fertilizers Ltd (India), Nutramax Laboratories Inc. (U.S.), and Lallemand Inc. (Canada).

FIGURE 1
BIOFERTILIZERS MARKET SIZE, BY TYPE, 2013, ($MILLION)
Source: Expert Interviews and MarketsandMarkets Analysis

The report is focused on the detailed study of the biofertilizers market by type, crop type, and microorganism in different geographical regions with a thorough analysis of the market players in the industry. The global biofertilizers market is expected to grow at a CAGR of 13.9%, and is projected to generate a value of $1,649.7 million by 2019.


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