Global Biofertilizers Industry Analysis on Market Drivers and Trends in 2017

Market Research Hub

Albany, New York, September 4, 2017: Market Research Hub (MRH) has recently published a report titled “Global Biofertilizers Industry 2017, Trends and Forecast”, which is a comprehensive and professional research study about major regional market conditions across the globe. Biofertilizers are natural fertilizers prepared from biological wastes that contain living micro-organisms. Biofertilizers are environment friendly, unlike chemical fertilizers, which improve the fertility of the soil by enriching it with organic nutrients, promoting healthy growth of plants or crops. Making the plants diseases resistant, biofertilizers balance the level of salinity in the soil.

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The report provides key drivers impacting growth of the market. Awareness about environmental hazards associated with chemical fertilizers, especially contamination of the soil and food chain, and pollution, has necessitated the adoption of biofertilizers in agricultural sector. Rise in health concerns among people has also urged consumers in adopting organic food. As utilization of biofertilizers has become mandatory in organic farming, its demand is expected to surge in the near future. Another major factor propelling demand for biofertilizers is implementation of regulations by various governments, which favor the utilization of biofertilizers. However, substantial availability of synthetic fertilizers.

Initially, the first section of the report offers basic information related to biofertilizers such as definition and classification, followed by its applications and market overview. Biofertilizers are primarily classified into potassium mobilizing, phosphate mobilizing, and nitrogen fixing. Among these nitrogen fixing is poised to gain higher traction over the forecast period. Major applications of biofertilizers include fruits & vegetables, oil seeds & pulses, and cereals & grains. Cereals & grains need a relatively large amount of biofertilizers for proper growth. Oats, barley, corn, rice, and wheat are essential cereal & grain crops, which are extensively cultivated around the world. Farmers have started using biofertilizers in place of chemical fertilizers, for sustaining the soil nutrient generation cycle. Demand for biofertilizers is being driven by this approach, particularly for cereal & grain cultivation.

The next section of the report offers a detailed analysis on product specifications, raw materials, cost structures, and manufacturing processes. Furthermore, the report provides analysis on regional market conditions worldwide, including aspects such as product cost, capacity, production, profit, demand, supply, and growth rate of the market, on the basis of SWOT analysis, investment return analysis, and investment feasibility analysis. A comprehensive research has been offered in this section which can help market players in setting up a manufacturing plant of biofertilizers.

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A segment-wise regional forecast and analysis has been delivered in the report, including Europe, Asia-Pacific, and North America, along with main countries, which include China, South Korea, Japan, United Kingdom, Germany, and United States. The regional forecast comprises of the trends, drivers, and restraints impacting the specific region or country in the global biofertilizers industry. The report also sheds light on competitive landscape of the global biofertilizers industry, offering insights about key market players such as Italpollina, Novozymes, Bio Protan, and Biomax, Bodisen Biotech Inc., and Mapleton Agri Biotech. MRH’s team of analysts utilize company proprietary tools for arriving at accurate revenue estimates on the basis of certain assumptions, which have been laid out clearly in the report.

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