Biofertilizers Market worth $5.2 billion by 2028 - Exclusive Report by MarketsandMarkets™
CHICAGO, April 4, 2023 /PRNewswire/ -- The Biofertilizers Market is estimated at USD 3.1 billion in 2023 and is projected to reach USD 5.2 billion by 2028, at a CAGR of 10.9% from 2023 to 2028 according to a report published by MarketsandMarkets™.
- CHICAGO, April 4, 2023 /PRNewswire/ -- The Biofertilizers Market is estimated at USD 3.1 billion in 2023 and is projected to reach USD 5.2 billion by 2028, at a CAGR of 10.9% from 2023 to 2028 according to a report published by MarketsandMarkets™.
- Due to the rise in modern agriculture techniques, precision farming and protected agriculture the global biofertilizers market is projected to grow at a robust growth rate.
- Increasing demand for packaged organic and sustainably sourced food products, especially in urban areas, is further fueling the growth of the market.
- These are the factors which are considered to drive the market for the phosphate solubilizing and mobilizing biofertilizers.