The global fertilizer market size was 787.8 million US dollars in 2016. The increasing usage of microbe’s biofertilizers proves the potential for sustainable farming technique and food safety. The increasing concern with regard to food safety is anticipated to drive the industry increase over the forecast time. Conventional agriculture plays a significant role in meeting the demand for food and cereals for the increasing world population. However, the traditional technique largely dependent on the chemical fertilizers and pesticides which are primarily exploited to grow the crop yield. This directly harms the environment and causes pollution.
In recent years, efforts have been made to encourage sustainable farming and bio-safety and to implement. EU “Common Agricultural Policy” encourages the use of biomass products with biological farming and provides up to 30% of the actual green payment to farmers who follow durable farming practices. The favorable regulatory scenario, especially in North America and Europe, is expected to be a major driving factor for the growth in the next seven years. Government of India has introduced several schemes to encourage the use of the country’s production.
The government initiated schemes are
• National Mission of Sustainable Development (NMSA)
• Paramparagat Krishi Vikas Yojana
• Rashtriya Krishi Vikas Yojana (RKVY)
• National Mission on Oil-seeds and Oil Palm (NMOOP)
• Indian Council of Agricultural Sciences (ICAR)
The government initiated schemes and plans are likely to boost the market growth over the forecast period.
Synthetic fertilizers are divided into three categories, which include nitrogen, potash and phosphate. U.S. It imports about 50% nitrogen and 85% potash supplies to the US as it is important for crop production. Russia, Trinidad and Tobago and Canada are among the largest suppliers of nitrogen in America. U.S. Potash imports are run by three countries including Russia, Belarus, and Canada. However, the majority of the phosphate supply in the country was handled domestically. The Agriculture Department (USDA) has launched a scheme to promote organic farming. National Biological Program (NOP) aims to implement and develop standards for organic farming products. The government’s initiative to promote organic farming is expected to increase production over a period of time. The growth of the corn industry is expected to increase product demand during the expected period. The use of high-fat corn syrup (HFCS) maize in the case of domestic consumption is likely to remain stable.
HFCS is expected to stay steady due to low domestic demand due to Mexico’s export demand. Product Insights nitrogen fixing is the largest product segment in 2014 with a world revenue share of more than 75.0%. Demand for regional markets in North America and European regions is widely demanded. To increase the production of nitrogen in the soil by microbial and organic organisms, the specific features of the product are expected to run demand in the relevant fields. Phosphate Solubilizers was the second largest producer of 15.0% of world revenue in 2014 and is likely to grow at a CAGR of 13.9% by 2015 to 2022. The ability to hydrolyze organic and inorganic phosphates using fluid bacteria is a distinct feature of the product. The growing popularity of organic farming products is expected to promote growth in the segment during the prediction period. Zinc and silicate salivilizers are classified into other production areas in biofertilizers.
The demand for reducing silicate and aluminum silicate in soil and increasing phosphate ionic current in the plant body by increasing demand for metabolic processes shows the rapid growth of the area. Application Insights Seed treatment was the largest application and in 2014 there was more than 65.0% market. Seed treated with biofertilizers helps them maintain bacterial and viral attacks and help to increase the yield. Seed treatment is given by two methods, including root needle and soil application. The convenience in the adoption of seed treatment is expected to drive the segment growth over the forecast period. Additionally, they help in harnessing atmospheric nitrogen and making it available to the plant. These seeds are able to dissolve the amount of phosphorus in the soil and increase it and Improvements in availability. The increasing use of treated seeds between farmers will increase during the growth of the weather.
In 2014 about 30% of the land under the global biofertilizers was treated. Growth in the segment is largely good for the developing country’s organic food market. For example, in India, the organic food market is expected to increase by nearly USD 1 billion from 2014 to 2020. Thus, raising the demand for organic food in the developing countries is expected to drive the segment’s growth over the forecast time. Regional Insight is responsible for more than 15% of global revenue share in Asia Pacific 2014. China has promoted the world’s largest farming market organic fertilizer by organic producer’s products except for VAT, excise and agricultural taxes. There is a possibility of higher demand than expected. North America was the largest market in 2014 and then it was more than 54% of Europe and global revenue. In addition to raising awareness of the dangers associated with chemical fertilizers and atmospheric pollution, the product is highly utilized in these regions due to the growing preference for organic food.
Moreover, the growth of the industry is mainly due to the US growth Organic farming is preferable to the area. In the US 2016, The Department of Agriculture Department (USDA) has shown huge growth in organic farming. In 2016, there were 21,781 certified organic works in the country. Similarly, global certified biological operations were about 31,160 in the same year. Biofertilizers market share insights focus on the departmental market with large companies in the global biofertilizer market segment. Cff China Biofertilizers AG and Novozhim A / S were the largest manufacturers of supplies in North America and Europe most of these companies have made special contracts with distributors to meet end-users.
Some companies have their own distribution networks and thus increase their earnings by distributing products of independent producers. Companies such as Novews, Lelemand, Agrilif, and National Fertilizers have set up their own retail and distribution outlets to reduce distribution down, in this way they have been able to sell products at competitive prices and at very low prices. The report included in the report This report estimates the revenues of global, regional and national levels, and analyzed the latest industry trends in each sub-section from 2014 to 2025.
For the purpose of studying it, Global Bio fertilizer market report divided on the basis of production, application, and sector.
• Product Lookout (Income, USD Million, 2012 – 2022)
• Nitrogen-fixing Phosphate solubilizing Others Application Lookout (Income, USD Million, 2012 – 2022)
• Seed Treatment Soil Treatment Regional Lookout (Income, USD Million, 2012 – 2022)
North America, U.S., Canada, Europe, France, Spain, Asia Pacific, China, India, Latin America, Brazil, MEA, Egypt.