MRO Magazine

Research and Markets: Global Biofertilizers Market – By Regions and Vendors – Market Size, Demand Forecasts, Industry Trends and Updates, Supplier Market Shares 2014-2020


August 6, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/hvr7qv/global) has announced the addition of the “Global Biofertilizers Market – By Regions and Vendors – Market Size, Demand Forecasts, Industry Trends and Updates, Supplier Market Shares 2014-2020” report to their offering.

Biofertilizers are organisms that enrich the nutrient quality of soil. The fertilizers are used to improve the fertility of the land using biological wastes, hence the term biofertilizers, and biological wastes do not contain any chemicals which are detrimental to the living soil. The various microorganisms used as nitrogen-supplying biofertilizers are rhizobium, actinorhizae, azotobactor, and azospirillum. They are used for leguminous as well as non-leguminous crops.

Drivers vs. Constraints:

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. Biofertilizers have emerged as the most feasible solution to these issues and have been gaining considerable market acceptance since the time they were first introduced. Biofertilizers, in addition to providing an eco-friendly option, also maintain the soil and crop health with increased efficiency.

The EU Common Agricultural Policy promotes the use of biofertilizers and organic farming by providing for up to 30% of payment as direct green payment. Biofertilizers are also being promoted in developing markets such as India, with the introduction of National Project on Development and Use of Bio fertilizers’ by the Indian government as part of its five-year plan. The project aims to increase the production, distribution and utilization of biofertilizers. China, the world largest agricultural market, has been promoting biofertilizers by providing companies manufacturing organic products with tax holidays and exemption of VAT, excise and agricultural tax. In addition, the low price of biofertilizers compared to chemical based fertilizers has also been boosting the demand for biofertilizers.

Key Topics Covered:

  1. Introduction
  2. Key Findings of the Study
  3. Market Overview
  4. Market Segmentation
  5. Competitive Landscape
  6. Company Profiles

Companies Mentioned

  • Camson Bio Technologies Limited (India)
  • Gujarat State Fertilizers & Chemicals Ltd. (India)
  • Madras Fertilizers Limited (India)
  • National Fertilizers Limited (India)
  • Novozymes A.S. (Denmark)
  • Rizobacter Argentina S.A. (Argentina)
  • T. Stanes & Company Limited (India)

For more information visit http://www.researchandmarkets.com/research/hvr7qv/global

Research and Markets
Laura Wood, Senior Manager
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Sector: Agrochemicals and Fertilisers