San Francisco – Nov 17, 2014 – The global market for biofertilizers is expected to reach USD 1,294.8 million by 2020. Increasing consumer adoption of organic foods is a key factor expected to boost the demand for biofertilizers. In addition, a favorable regulatory policy, especially in India and China, promoting sustainable agrochemicals, is expected to drive demand shift from synthetic fertilizers to biofertilizers. Apart from sustainability, key biofertilizer advantages include sustaining soil health, supplement chemical fertilizers, increase grain yield, secrete plant growth substances, solubilize and mobilize nutrients.
Further key findings from the study suggest:
The global biofertilizers market is expected to reach USD 1,294.8 million by 2020, growing at a CAGR of 15.4% from 2013 to 2020.
North America and Latin America dominated the biofertilizers market in 2012, together accounting for over 60% of the market revenue. The growing consumer preference towards organic food coupled with increasing environmental hazards associated with chemical fertilizers is expected to drive the market in these regions.
Argentina and Brazil, which are a part of the rest of the world segment, are expected to witness fastest growth over the forecast period due to the high rate of adoption of biofertilizers in these countries. Asia pacific would also witness significant growth on account of increased consumption in India and China due to the lower cost as compared to chemical fertilizers.
The global biofertilizer market is highly fragmented with a large number of small local manufacturers operating in the market. Some of the major companies operating in the global market for biofertilizers include CBF China Biofertilizers, Novozymes, Biomax, Nutramax Laboratories and Mapleton Agribiotec among others.
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Table Of Contents
Chapter 1 Executive Summary
1.1 Biofertilizers – Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Biofertilizers Industry Analysis
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Biofertilizers Market Dynamics
2.4 Key Opportunities Prioritized
2.5 Industry Analysis – Porter’s
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Chapter 3 Biofertilizers Product Outlook
3.1 Nitrogen Fixing
3.2 Phosphate Solubilizers
3.3 Other (potash mobilizing, zinc solubilizing etc)
Chapter 4 Biofertilizers Application Outlook
4.1 Seed Treatment
4.2 Soil Treatment
Chapter 5 Biofertilizers Regional Outlook
5.1 North America
5.3 Asia Pacific
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