Global Biofertilizers Market consumption to cross 1,200 kilo tons by 2024 - Top players Novozymes, Biomax, Antibiotice

SELBYVILLE, Del., July 26, 2018 /PRNewswire-iReach/ -- North America Biofertilizers Market catered over 40% of the global demand in 2016. Stringent regulations on chemical fertilizers usage along with increasing consumer spending on organic food will drive the regional industry growth.

According to a growth research report by Global Market Insights, Inc. Worldwide biofertilizers market will hit USD 3 billion by 2024. Strong demand outlook in the overall agrochemicals industry along with rising adoption for bio-based plant growth enhancers will drive the biofertilizers market. Decrease in arable land availability due to excessive synthetic fertilizer consumption will facilitate biofertilizers penetration.

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Rising consumer preference for organic food and widespread health awareness trends are key factors driving industry growth. Strong EU regulatory compliances to curb toxic growth enhancers usage and introducing policies offering 30% subsidy to farmers to promote sustainable farming will fuel demand.

Cereals & grains accounted for more than 40% of the global biofertilizers market share in 2016. Being a staple crop in the world along with rise in consumer preference towards high nutrient grains will drive product penetration.

Fruits & vegetables will witness growth over 12% through to 2024. The product is used to improve the protein percentage and enhances the fruit plumpness. Shift in consumer preference for organic fruits & vegetables will fuel business growth.

Seed treatment dominated the application segment and valued at over USD 1.2 billion in 2016. Protection from soil-borne diseases and improving seed germination are the key properties enhancing demand.

Buy this industry insights spread across 489 pages with 701 market data tables & 19 charts & figures from the report, "Biofertilizers Market Size By Product (Nitrogen-Fixing, Phosphate-Solubilizing, Potash-Mobilizing), By Application (Seed Treatment, Soil Treatment), By Crop (Cereals & Grains, Pulses & Oil Seeds, Fruits & Vegetables), By Form (Dry, Liquid), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Ukraine, Kazakhstan, Turkey, Bulgaria, Greece, Russia, China, India, Japan, Australia, South Korea, Malaysia, Indonesia, Mexico, Brazil, Argentina, Saudi Arabia, South Africa, Egypt, Tunisia), Application Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024" in detail along with the table of contents:

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Soil treatment will witness over 11% CAGR up to 2024. Necessity to maintain salt content and salinity level of soil will play a key role in stimulating product demand.

Dry formulation biofertilizers accounted for more than 70% of the overall industry demand in 2016. Easy handling along with wide availability at competitive prices have encouraged product penetration. Liquid formulations will witness fastest growth over 12% up to 2024. Longer shelf life and easy storage are the key properties driving growth.

China biofertilizers market will witness over 12% CAGR up to 2024. Inclination towards healthy lifestyle along with increase in farming expenditure will drive the industry growth. Favorable regulations coupled with subsidies on bio based products are the factors positively influencing demand.

Global industry share includes Novozymes, National Fertilizers, Rizobacter Argentina, Camson Bio Technologies, Nutramax Laboratories, CBF China, AgriLife, Biomax, Symborg Labiofam, Antibiotice and Mapleton Agribiotec.

Browse Table of Contents of This Report@ https://www.gminsights.com/toc/detail/biofertilizers-market

Partial Chapters of the Table of Contents:

Chapter 3    Biofertilizers Industry Insights

3.1   Industry segmentation

3.2   Industry landscape, 2013- 2024

3.3   Industry ecosystem analysis

3.3.1   Raw material suppliers

3.3.2   Manufacturers

3.3.3   Distributers

3.3.4   End-users

3.4   Distribution channel analysis

3.4.1   Government

3.4.2   B2B

3.4.3   B2C

3.5   Vendor matrix

3.5.1   Overview of current and planned plants for biofertilizers production

3.6   Comparative analysis of biofertilizers vs fertilizers

3.7   Comparative analysis of biological agents in seed application

3.8   Agrochemicals market overview

3.8.1   Global agrochemicals market estimates & forecast, 2013 – 2024

3.8.2   Arable land data, by region

3.8.3   Demand & supply scenario

3.8.4   Trends & opportunities

3.8.4.1  Increased demand for food safety and quality

3.8.4.2  Adoption of GM crops

3.8.4.3  Technological trends

3.9   Comparison of biofertilizer with respect to other organic inputs

3.9.1   Organic vs inorganic fertilizer

3.9.2   Fertilizers and pesticides

3.9.3   Industry best practices & key buying criteria

3.9.3.1  Customer preference over chemical vs traditional fertilizers

3.9.3.2  Regulations & product purchasing

3.9.3.2.1  Plants and Fertilizer Act, 2010 (Act 803)

3.9.3.2.2     Regulation (EC) No 1107/2009 – the placing of plant protection products on the EU market

3.9.3.2.3     The Agricultural Compounds and Veterinary Medicines Act 1997 (ACVM)

3.9.4   Product pricing analysis

3.9.5   Comparison of fertilizer cost between chemical and bio-fertilizer

3.10   Technology & innovation landscape

3.10.1   Current biofertilizers production procedures overview

3.10.1.1   Manufacturing of biofertilizers

3.10.1.2   Preparation of mother or starter cultures

3.10.1.3   Preparation of broth cultures

3.10.1.4   Preparation of carrier

3.10.1.5   Preparation of inoculate i.e. mixing

3.10.1.6   Curing for maturation

3.10.1.7   Filling and packing

3.10.1.8   Quality checking

3.10.1.9   Storage

3.11   Trade statistics, 2014-2016

3.11.1   North America

3.11.2   Europe

3.11.3   Asia Pacific

3.11.4   Latin America

3.11.5   MEA

3.12   Current & projected market demand for conventional fertilizer

3.13   Raw material trends

3.13.1   Neem

3.13.2   Manure

3.13.3   Bagasse

3.14   Regulatory landscape

3.14.1   Overview of global regulatory policies in bio-inputs and organic farming

3.14.2   Inconsistency in definition of biofertilizers

3.14.3   Biofertilizers

3.14.3.1   North America

3.14.3.2   Europe

3.14.3.3   Asia Pacific

3.14.3.4   Latin America

3.14.3.5   MEA

3.15   Pricing analysis

3.15.1   Historic & forecast price

3.15.2   North America

3.15.3   Europe

3.15.4   Asia Pacific

3.15.5   Latin America

3.15.6   MEA

3.15.7   Cost structure analysis

3.16   Industry impact forces

3.16.1   Growth drivers

3.16.1.1   Increasing adoption of biofertilizers in organic farming and soil fertility management practices

3.16.1.2   Rising environmental awareness and loss of arable land

3.16.1.3   Regulatory compliance to promote bio-based agricultural inputs

3.16.2   Industry pitfalls & challenges

3.16.2.1   Higher demand for synthetic fertilizers

3.17   Growth potential analysis

3.18   Porter's analysis

3.19   Competitive landscape

3.19.1   Market share analysis

3.19.2   Competitive landscape, by region

3.19.2.1   Revenue range, 2016, by region

3.19.2.2   Comparative product analysis, by region

3.19.2.3   Estimated production capacity, by region

3.19.2.4   Expansion through agreements & collaboration, by region

3.19.3   Strategy dashboard

3.19.4   Potential customers overview

3.19.5   Biofertilizers market, by microorganism

3.19.5.1   Azospirillium

3.19.5.2   Azotobacter

3.19.5.3   Phosphate-solubilizing bacteria

3.19.5.4   Rhizobium

3.19.5.5   Others

3.20   PESTEL analysis

Media Contact: Jignesh Thakkar, Global Market Insights, Inc., +13028467766, [email protected]

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SOURCE Global Market Insights, Inc.