Biofertilizer Market, by Product(Nitrogen Fixing, Phosphate/Zinc/Sulfur Solubilizers & Potash Mobilizers) Application & Geography(North America, Europe, Asia Pacific, & Rest of the World)-Analysis, Share, Trends, Size, & Forecast from 2014-2025
|発行||AnalystView Market Insights||商品コード||825239|
|出版日||ページ情報||英文 130 Pages
|世界のバイオ肥料市場：製品、用途、地域別の分析、シェア、動向、規模、予測 Biofertilizer Market, by Product(Nitrogen Fixing, Phosphate/Zinc/Sulfur Solubilizers & Potash Mobilizers) Application & Geography(North America, Europe, Asia Pacific, & Rest of the World)-Analysis, Share, Trends, Size, & Forecast from 2014-2025|
|出版日: 2019年03月15日||ページ情報: 英文 130 Pages||
Biofertilizer Market, by Product (Nitrogen Fixing, Phosphate Solubilizing, Zinc Solubilizers, Sulfur Solubilizers and Potash Mobilizers) By Application and Geography (North America, Europe, Asia Pacific, and Rest of the World) - Analysis, Share, Trends, Size, & Forecast from 2014 - 2025.
The biofertilizer market was valued at USD 760.8 million by 2017, growing with 15.8% CAGR during the forecast period, 2018-2025
Bio-fertilizers are used to increase the fertility of soil and crops. It comprises of micro-organisms which give nutrients to soil. These bio-fertilizers are increasingly preferred over harmful chemicals. The wide use of chemical fertilizers has contaminated flora and fauna and has accumulated toxic in soil. The deterioration of crops through chemical fertilizers has alarmed the world and has given the desired push to bio-fertilizer market. Bio-fertilizer are prepared through biological waste material, hence exhibits ability to regain soil health and boost up the quality of crop Bio-fertilizers supply nutrients through nitrogen fixation and solubilizing phosphorous and provided to plants though seeds or soil.
The global demand of biofertilizers is sky-rocketing owing to the fuelling demand from agricultural industry. Also with the rise of global population, agricultural production at large scale has become compulsion. These factors will undoubtedly give a spurring growth over the study period. Organic farming has the potential to give sustained growth to agriculture. However,
By product, the market is divided into nitrogen fixing, phosphate solubilizing, zinc solubilizers, sulfur solubilizers and potash mobilizers. Among these, nitrogen fixing retained their dominance in 2017 by grabbing over 75% of global revenue and is anticipated to lead the industry during study period. Phosphate solubilizers accounted for the second largest product segment and is anticipated to grow at a remarkable rate. Growth of this segment is attributed to its ability to hydrolyse organic and inorganic phosphate through soluble bacteria.
In terms of application, the industry is classified as soil and seed treatment. The soil treatment segment has picked the maximum share and it is projected to achieve prominent growth owing to the high demand from organic food sector in developing countries.
Seed treatment is done via two methods: root dipping and soil application. This treatment boosts up phosphorous content in soil. Increase in use of treated seeds by farmers is estimated to bolster this industry segment in near future.
North America acquired the largest market by taking over 30% of global market revenue. Positive outlook of agriculture industry in the region like U.S. and Canada will boost up the awareness of eco-friendly farming which in turn give a significant push to the industry in next 7 years.
On the flip side, Europe market had 22% of revenue in 2017. The European Commission announced 'Horizon 2020 strategy' which aimed to increase the production and usage of eco-friendly products. The Commission also came up with Action Plan 2020 for accelerating organic foods production at domestic level. Such initiatives would in turn support the regional growth. Asia-Pacific will experience a steady growth because of lucrative demand from food & beverage industry.
The industry comprises of many prominent players namely AgriLife, Biomax, Lallemand Inc., Novozymes A/S, and National Fertilizers Limited. Novozymes A/S and Biomax accounted for the significant market share. Companies are engaged in strategic mergers and acquisitions to expand their market presence. For instance, in March 2016, Valent BioSciences Corporation (VBC) collaborated with Rizobacter for R&D in BioRational Rhizoshpere space. This fusion is aimed to promote VBC's development of new microbial products for root zone with an objective to expand its seed and soil strategy.
The market size and forecast for each segment and sub-segments has been considered as below:
The scope of this report covers the market by its major segments, which include as follows:
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