Global Biofertilizers Market to grow at a CAGR of 14.11% during Forecast 2016-2020

Albany, NY, Jan 09: Globally, land degradation as a result of nutrient deficiency in the soil is creating a high demand for fertilizers. During harvesting, nutrients such as nitrogen are removed from the soil by crops and the nutrient deficiency leads to decline in yields. Many farmers are also increasing the use of fertilizers to speed up the crop growth and increase their agricultural productivity. However, overuse of chemical fertilizers is resulting in soil pollution in the form of fertilizer deposition and also causing damage to water resources. Rising concerns related to soil pollution coupled with increasing focus on sustainable agricultural practices to restore soil health may hinder the growth of the global fertilizer market over the long run while helping the growth of biofertilizers.

The global biofertilizers market to grow at a CAGR of 14.11% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global biofertilizers market for 2016-2020. To calculate the market size, we have considered the revenue generated from the retail as well as direct sales of various biofertilizers sold across the globe in 2015.

The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe
- ROW

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Technavio's report, Global Biofertilizers Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- BIOMAX
- Gujarat State Fertilizers & Chemical
- Lallemand
- Novozymes
- Symborg

Other prominent vendors
- Camson Biotechnologies
- CBF China Biofertilizers
- Kiwa Biofertilizer
- Madras Fertilizer
- Mapleton Agribiotec
- Monarch Biofertilizers
- National Fertilizers
- Rashtriya Chemicals and Fertilizers
- Rizobacter Argentina
- Sushila Biofertilizer

Market driver
- Growing awareness regarding health and environmental concerns
- For a full, detailed list, view our report

Market challenge
- Accessibility, awareness, and adoption constraints of biofertilizers
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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