Transparency Market Research is Published new Market Report “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," the global demand
for biofertilizers was valued at USD 440.0 million in 2012 and is expected to
reach USD 1,028.7 million in 2019, growing at a CAGR of 13.0 % from 2013 to
2019.
Factors such as growth of theorganic food industry, support and promotion
by government agencies and regulatory bodies for manufacturing biofertilizers
and various environmental hazards associated with chemical fertilizers are
expected to drive the demand for biofertilizers within the forecast period. The
ill effects caused as a result of excessive use of chemical fertilizers have
been one of the major drivers for the growth of bio-based plant treatment.
However, certain sedative effects of biofertilizers over chemical fertilizers
coupled with low adoption of biofertilizers by the farmers are expected to
hamper the growth of the market. Huge potential for biofertilizers to grow in
emerging economies such as China is expected to provide new opportunities to
the biofertilizer industry.
Nitrogen fixing biofertilizers were the most widely used biofertilizers
accounting for over 78% of the global demand in 2012. Demand for this product
has been majorly due to its ecologically sound route for increasing nutrient
supply coupled with increasing consumption for leguminous and non-leguminous
plant products. However, phosphate solubilizing biofertilizers are expected to
show the fastest growth over the next few years owing to their increasing use
in agriculture as a cost-effective and eco-friendly multifunctional bio control
agent.
Seed treatment accounted as the largest application segment for
biofertilizers and the market for this segment was valued at USD 316.5 million
in 2012. Growing restrictions on use of chemical pesticides hampering seed
growth and the environmental hazards caused due to the use of chemicals in
pesticides has led to a shift towards eco-friendly seed treatment methods such
as biofertilizers. In addition, the demand for bio based soil treatments owing
to increasing environmental concern is also expected to grow significantly over
the next few years.
North America dominated the biofertilizers market in 2012 followed by Rest of the Worldon account of the growing demand
for organic food coupled with the rising trend forconsumption of genetically
modified (GM) crops in farming. Asia Pacific is expected to witness the highest
growth within the forecast period on account ofincreasing awareness among the population generated by government support. The rate of
production of biofertilizers in the region is expected to increase
significantly owing to favorable strategies planned by government and
increasing population. The demand for biofertilizers in Asia Pacific is
expected to grow at a CAGR of 13.3% from 2013 to 2019, on account of the above
mentioned factors.
Browse
Biofertilizers Market Report with Full TOC at http://www.transparencymarketresearch.com/biofertilizers-market.html
The report gives a comprehensive view of the biofertilizer market in
terms of volume and revenue. In addition, the report includes current demand
analysis and forecast for each product and application in North America,
Europe, Asia Pacific and Rest of the World. The report comprises of the
following segments:
Biofertilizer
Market: Product Segment Analysis
·
Nitrogen fixing
·
Phosphate
solubilizing
·
Others (Potacium,
urea, etc.)
Biofertilizer
Market: Application Analysis
·
Seed treatment
·
Soil treatment
Biofertilizer
Market: Regional Analysis
·
North America
·
Europe
·
Asia-Pacific
·
Rest of the World
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