Press release
Global Biofertilizer Market to Reach US$ 19 Billion by 2022
Biofertilizers are produced using organic wastes such as struvite and compost which contain living microorganisms like bacteria, fungi, and blue-green algae. Biofertilizers offer numerous advantages over chemical fertilizers. They assist in restoring the soil’s natural nutrient cycle and building organic matter, thereby, maintaining the overall health of the soil. In addition to this, they are eco-friendly unlike chemical fertilisers which cause environmental pollution. Owing to their various benefits, biofertilizers have today gained significance in the agriculture industry. According to a new report by Expert Market Research, the global biofertilizer market reached a value of around US$ 9 Billion in 2016 and is further expected to reach US$ 19 Billion by 2022.
Request Sample of the Report: http://www.expertmarketresearch.com/request?type=report&id=8&flag=B
The sturdy growth of the market can be accredited to a number of forces. On account of rising environmental awareness, there has been an increase in the implementation of regulatory policies by governments across various countries supporting the use of biofertilizers. Moreover, an inclination towards organic food by consumers have also augmented the demand for biofertilizers. Some of the other factors such as population growth coupled with rising disposable incomes have also broadened the growth aspects of the market. Although the penetration of bio-fertilizers is still at a nascent stage in most regions across the world, the market holds a plethora of opportunities.
Key findings from the report:
Different types of biofertilizers include nitrogen fixing, phosphate fixing and others. In 2016, nitrogen fixing such as rhizobium, azotobacter, azospirillum, etc. represented the biggest category of biofertilizers.
The major end-uses of biofertilizers are seed treatment, soil treatment and others.
Region-wise, North America dominated the market with the majority of the market share. Other key markets include Asia, Europe and Others.
The global biofertilizer market is highly fragmented in nature with some of the top players being Novozymes A/S, National Fertilizers Limited, Rizobacter Argentina S.A., Lallemand Inc. and Nutramax Laboratories Inc.
Read summary of the report with TOC: http://www.expertmarketresearch.com/reports/biofertilizer-market
Expert Market Research has analysed the global biofertilizer market according to type, end-use, major regions and top players:
Market breakup by Type
Nitrogen-Fixing
Phosphate-Fixing
Others
Market Breakup by End-use
Seed Treatment
Soil Treatment
Others
Market breakup by Region
North America
Asia
Europe
Others
Top players
Novozymes A/S
National Fertilizers Limited
Rizobacter Argentina S.A.
Lallemand Inc.
Nutramax Laboratories Inc
Browse more reports related to chemical & materials industry: http://www.expertmarketresearch.com/categories/chemicals-market-reports
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
Expert Market Research
85 Broad St
New York, NY 10004
United States
natalia.taylor@expertmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Biofertilizer Market to Reach US$ 19 Billion by 2022 here
News-ID: 515114 • Views: …
More Releases from Expert Market Research
Saudi Arabia HVAC Market Outlook (2026-2035): Growth Drivers, Challenges
The Saudi Arabia HVAC market is experiencing growth, driven by the increasing demand from the residential building construction sector. As the country's population grows and urbanization accelerates, the need for heating, ventilation, and air conditioning (HVAC) systems in homes and commercial spaces is rising. The market is expected to grow at a CAGR of 5.10% during the forecast period of 2026-2035, with expanding infrastructure and a focus on energy-efficient systems…
Virus Filtration Market to Reach USD 18.53B by 2035
What Is the Virus Filtration Market and Why Is It Critical to Global Healthcare and Bioprocessing?
The Virus Filtration Market plays a vital role in ensuring the safety, purity, and regulatory compliance of biopharmaceutical products, medical devices, water systems, and air purification processes. Virus filtration refers to the use of highly specialized membrane-based filtration technologies designed to remove or inactivate viruses without affecting the quality, efficacy, or biological activity of sensitive…
Aortic Valve Replacement Devices Market to Hit USD 17.96B by 2035
What is the Aortic Valve Replacement Devices Market and How is it Transforming Cardiac Care?
The Aortic Valve Replacement (AVR) Devices Market refers to the global market of medical devices used to replace diseased or dysfunctional aortic valves in patients suffering from aortic stenosis, regurgitation, or other valvular heart conditions. These devices play a critical role in improving cardiac function, reducing mortality rates, and enhancing quality of life for patients with…
Polymyalgia Rheumatica Treatment Market Grows at 4.7% CAGR to 2035
What is the Polymyalgia Rheumatica Treatment Market and How is it Evolving Globally?
The Polymyalgia Rheumatica (PMR) Treatment Market is a specialized segment within the global pharmaceutical and healthcare industry focused on managing polymyalgia rheumatica-a chronic inflammatory disorder that primarily affects adults over 50 years of age. PMR is characterized by muscle pain, stiffness, and inflammation, especially around the shoulders, neck, and hips. Effective treatment is critical to improving quality of…
More Releases for Billion
Paper Bags Packaging Market: $3.97 Billion in 2024, growing from $4.14 Billion ( …
The paper bags packaging market is experiencing significant growth, driven by increasing consumer demand for sustainable packaging solutions and regulatory pressures to reduce plastic usage. According to a recent report by Market Research Future, the market size is projected to grow from approximately $4.142 billion in 2025 to $6.384 billion by 2035, with a compound annual growth rate (CAGR) of 4.42% during the forecast period from 2025 to 2035.
Get a…
Freight Trucking Market worth $2,732 billion to USD 4,457.4 Billion by 2031
Rise in use of telematics in automotive sector, expansion of the e-commerce industry, and surge in urbanization have boosted the growth of the global freight trucking market. The market across Asia-Pacific dominated in 2021, holding more than two-fifths of the market. The Covid-19 pandemic resulted in flight cancellation, implementation of quarantine measures, and trave bans, which disrupted the supply chain.
According to a new report published by Allied Market Research, titled,…
Ecotourism Market Forecast: $210.4 Billion in 2023 to $829.8 Billion by 2035
According to a new report published by Allied Market Research, titled, "Ecotourism Market Size, Share, Competitive Landscape and Trend Analysis Report, by Age group, by Traveler type, by Sales channel : Global Opportunity Analysis and Industry Forecast, 2024-2035". The research provides a current evaluation of the global market landscape, highlighting recent trends, key drivers, and the overall market environment. The study examines the main factors influencing industry expansion, analyzing both…
Scleroderma Market Forecast: $2.38 Billion in 2024 to $4.1 Billion by 2033
The global scleroderma market reached US$ 2,384.73 million in 2024 and is expected to reach US$ 4,103.07 million by 2033, growing at a CAGR of 6.4% during the forecast period 2025-2033.
Scleroderma Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the…
From $105.52 Billion to $233.51 Billion : Motorcycle Market Expansion (2022-2031 …
According to a new report published by Allied Market Research, titled, "Motorcycle Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Propulsion Type, by Price Range : Global Opportunity Analysis and Industry Forecast, 2021-2031." The global motorcycle market size was valued at $105.52 billion in 2021, and is projected to reach $233.51 billion by 2031, registering a CAGR of 8.6% from 2022 to 2031.
𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞…
Proteomics Market Soars: From $23.7 Billion to $98 Billion by 2031
According to a new report published by Allied Market Research, titled, "Proteomics Market," The Proteomics Market Size was valued at $23,654.34 million in 2021, and is projected to reach $98,051.83 million by 2031, growing at a CAGR of 15.2% from 2022 to 2031.
Proteomics studies the interactions, functions, compositions, and structures of proteins and their cellular activities. Proteomics provides a better understanding of the structure and function of the organism than…
