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Global Bio Fertilizer Market Research Report 2015

03-06-2019 10:17 AM CET | Energy & Environment

Press release from: Frank n Raf Market Research LLP

Frank n Raf Market Research LLP

Frank n Raf Market Research LLP

Industry Insights The global biofertilizers market size was determined at USD 787.8 million in 2016. The expanding usage of microbes biofertilizers shows the potential for a sustainable farming method and food safety. The expanding concern with respect to food safety is anticipated to drive industry extension over the forecast period. Conventional agriculture performs a vital role in satisfying the demand for food and cereals for the expanding global population. However, the traditional method is largely dependent on the chemical fertilizers and pesticides which are originally exploited to improve the crop yield. This directly hurts the environment and causes pollution. In recent years, attempts have been invested to develop and implement sustainable farming and biosafety. The EU “Common Agricultural Policy” promotes the use of biobased products along with natural farming and provides up to 30% of the budget as direct green payment to farmers complying to sustainable agricultural practices. Complimentary administrative scenario, especially in North America and Europe is supposed to be a key driving factor for demand growth over the next seven years. The government of India introduced numbers of schemes to promote the usage of the product in the country. The government started schemes are Rashtriya Krishi Vikas Yojana (RKVY) National Mission of Sustainable Development (NMSA)/Paramparagat Krishi Vikas Yojana, and Indian Council of Agricultural Sciences (ICAR) and National Mission on Oilseeds and Oil Palm (NMOOP). The government launched schemes and plans are likely to boost the market extension over the forecast period. The synthetic fertilizers are segmented into three categories which cover potash, nitrogen, and phosphate. The U.S. imports nearly 50% of nitrogen stocks and 85% of potash supplies, as these imports are vital for U.S. crop production. Trinidad and Tobago, Russia, and Canada accounted among the largest suppliers of nitrogen to the U.S. The potash imports in the U.S. is driven by three countries including Russia, Canada, and Belarus. However, the majority of the phosphate stores in the country was handled domestically. The U.S. Department of Agriculture (USDA) has launched the plan to promote organic farming.

The National Organic Program (NOP) aims to implement and improve standards for organically developed agricultural products. The government-driven ambition to promote organic farming is expected to drive product growth over the projection period. The increase in the industrial usage of corn is anticipated to drive the demand for the product over the forecast period. The utilization of corn in the high fructose corn syrup (HFCS) is likely to remain constant despite the drop in domestic consumption. The growth is supposed to remain steady for the HFCS owing to the shipping demand from Mexico which offset lower domestic demand. Product Insights Nitrogen ordering was the largest product division, accounting for over 75.0% of global income share in 2014. The product demand is mostly provided by the regional markets of North America and the European region. The distinguishing feature of the product to improve nitrogen yield in the soil through occupying microbial and organic extension of the soil is required to drive the demand of the product in the individual regions. Phosphate solubilizers were the next biggest product distribution, accounting for 15.0% of global wealth in 2014 and are also supposed to be the fastest growing at a CAGR of 13.9% from 2015 to 2022. The capacity to hydrolyze organic and inorganic phosphate by using soluble bacteria is the distinct characteristic of the product. The increasing popularity of the product in organic farming is supposed to boost the segment’s extension over the forecast period. The usage of zinc and silicate solubilizers in the biofertilizers are classified under the other product division. The segment is probably to witness uniform growth over the projection period owing to the necessary to degrade silicates and aluminum silicate in the soil and enhance metabolic processes by enabling the flow of phosphate ions in the plant body. Application Insights Seed treatment was the largest application and considered for over 65.0% of the market in 2014. Seeds treated with biofertilizers help them maintain bacteria and virus attacks and also aids in improving the yield. The seed treatment is given by two processes including root dipping and soil application. The convenience in the adoption of seed treatment is anticipated to drive the segment growth over the forecast period. Additionally, they help in harnessing atmospheric nitrogen and making it accessible to the plant. These seeds are capable of increasing phosphorous content of soil by solubilizing it and increasing availability. Rising use of manipulated seeds among farmers is anticipated to fuel industry growth over the projection period. The soil treatment division was accounted for nearly 30% of the global biofertilizers industry in 2014.

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Table of Content:
1. Methodology and Scope
2. Executive Summary
3. Flexible Packaging Industry Outlook
4. Biofertilizers Product Outlook
5. Biofertilizers Application Outlook
6. Biofertilizers Regional Outlook
7. Companies analyzation

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