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Biofertilizer Market Size, Share, Development by 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Biofertilizer market.

Biofertilizer are the substances which make use of microorganisms to fertile the soil. These fertilizers are not harmful to crops or other plants like the chemical fertilizers. They are actually taken from the animal wastes along with the microbial mixtures. Microorganisms are used to increase the level of nutrients in the plants. They let the plants grow in a healthy environment. They are also environment friendly and do not cause the pollution of any sort. Use of biofertilizers in the soil, makes the plants healthy as well as protect them from getting any diseases.

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Global Biofertilizer Market: Forecast by Type / Application / Region

Biofertilizer has a low concentration. The top five companies account for more than 12.56 % of market share. Novozymes, Agri Life, Symborg, xi'an Delong Bio-industry and Maboshi are the tycoons of Biofertilizer. Novozymes is the largest manufacturer, with the market share of 3.98% in 2015.

In terms of application, biofertilizer can be applied in cereals & grains, pulses & oilseeds, fruits & vegetables and other. Pulses & oilseeds accounted for the largest market with about 44.33% of the global consumption for biofertilizer in 2015.

Over the next five years, LPI(LP Information) projects that Biofertilizer will register a 8.8% CAGR in terms of revenue, reach US$ 3340 million by 2023, from US$ 2190 million in 2017.

Global Biofertilizer Market: Key Players
Novozymes
Biomax
RIZOBACTER
Agri Life
Symborg
National Fertilizers Limited
Batian
Xi'an Delong Bio-industry
Maboshi
Fertilzer King
Jinggeng Tianxia
Taigu Biological
Taibao Biological
Genliduo Bio-Tech
Beijing Leili Group
Qingdong Nongke
Yunye
Aokun Biological
XinJiang StarSeed Science and Technology
Laimujia

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https://www.marketresearchreportstore.com/reports/2629/global-biofertilizer-market

Related Information:
United States Biofertilizer Market Research Report 2018
Europe Biofertilizer Market Research Report 2018
North America Biofertilizer Market Research Report 2018
Asia-Pacific Biofertilizer Market Research Report 2018
China Biofertilizer Market Research Report 2018
EMEA Biofertilizer Market Research Report 2018
Global Biofertilizer Market Research Report 2018

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Market Research Report Store (MRRS) is a professional organization related to market research reports in all directions .To provide customers with a variety of market research reports, MRRS cooperates with a large of famous market report publishers all over the world. Owing to our good service and the professional market reports in the wide range, MRRS enjoys a good reputation in the market. In pace with the development of MRRS, more and more customers and market report publishers choose to cooperate with us. As a specialized platform, MRRS upholds the supremacy of customers and aims to provide customers with better service and richer select.

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