Biofertilizers Market Thriving At A Huge Growth 2021-2027

Precision Business Insights published a research report on “Biofertilizers Market: By Type (Phosphate-solubilizing, Nitrogen-fixing, Potash-mobilizing, Others (Sulphur-solubilizing biofertilizers boron, and zinc)), By Crop Type (Pulses & oilseeds, Cereals & grains, Fruits & vegetables, Others ( fiber crops, turf & ornamentals plantation crops, silage & forage crops)), By Microorganism (Azotobacter, Rhizobium, Azospirillum, Phosphate-solubilizing bacteria, Cyanobacteria, Others (aulosira, nostoc Azolla, Anabaena, and tolypothrix)), By Application (Seed treatment, Soil treatment, Others (set treatment, foliar treatment, root dipping, and seedling root treatment)), and Geography - Global/Region/Country Forecast to 2027”.

Biofertilizers are plant nutrients that are renewable and may be used instead of chemical fertilizers. They're commonly utilized for seed treatments or soil application. The rising demand for organic food goods throughout the world is driving this market's explosive rise. Biofertilizers have a high market value since they extend the life of food goods while also boosting dependability and stability. Cereals & Grains, Fruits & Vegetables, Pulses & Oilseeds, and Others are the different types of products. Azotobacter, Rhizobium, Cyanobacteria, Azospirillium, Phosphate-Solubilizing Bacter, and Others are some of the microorganisms found in biofertilizers.

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Due to farmers' increasing use of innovative and sophisticated technologies to increase arable land and enhance overall production, the global biofertilizers market is expected to rise strongly over the projected period. Furthermore, the rising popularity of organic foods among health-conscious consumers is pushing demand for biofertilizers over chemical fertilizers throughout the world. Through 2025, the worldwide biofertilizers market will be fueled by a number of initiatives and favorable laws put in place by government agencies and groups. Furthermore, one of the major drivers of the global biofertilizers market is the growing popularity of modern agricultural techniques like as drip irrigation and sprinklers. Biofertilizers are used to improve soil and crop productivity. They include microorganisms that aid in the nutrient recovery of the soil.

The global biofertilizers market is classified based on form, type, crop, application, microbe type and region. On the basis of type, the market is segregated into phosphate-solubilizing biofertilizers, nitrogen-fixing biofertilizers, potash-mobilizing biofertilizers and others. On the basis of form, the global biofertilizers market is divided into liquid and carrier-based. Among them, the liquid based division is experiencing fastest growth and is anticipated to record largest market share by 2025.

In 2020, Europe was the largest market for biofertilizers, accounting for a considerable portion of the worldwide market. Germany, Spain, and France have the biggest percentage in Europe, accounting for more than half of the total. Biofertilizer demand has grown as organic and environmentally friendly agricultural techniques have become more popular, notably in France and Germany. The German government plans to convert 20% of total agricultural land to organic agricultural land by 2030, according to its sustainability policy. Biofertilizers' numerous benefits contribute to their widespread use, as well as greater adoption and use in sustainable agriculture. The country's good agricultural outlook has boosted demand for bio-based products in the area. Due to growing usage of bio-based crop nutrition products and improving food quality requirements, the Europe area is projected to keep its market in the near future.

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Some of the major key players in the biofertilizers market are Madras Fertilizers Limited (India) National Fertilizers Limited (India) Novozymes A/S (Denmark) Nutramax Laboratories Inc. (U.S.) Camson Bio Technologies Limited (India) Gujarat State Fertilizers & Chemicals Ltd. (India) Rizobacter Argentina S.A. (Argentina) T. Stanes & Company Limited (India) Rashtriya Chemicals & Fertilizers Ltd. (India) Lallemand Inc. (Canada)

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