Global Biofertilizers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027
Snapshot of the Global Biofertilizers Market
The global biofertilizers market is expected to grow at a healthy CAGR of 12.9 percent from 2017 to 2025, owing to a variety of factors such as rising awareness about its health and environmental benefits, a steady shift from chemical farming to natural organic farming, growing popularity of biofertilizers in soil fertility management activities, and the growth of the organic food sector. However, a lack of knowledge in a few prospective growing markets, a poor regulatory framework, and technological constraints are impeding the biofertilizers market's potential growth.
The global biofertilizers market is expected to grow at a healthy CAGR of 12.9 percent from 2017 to 2025, owing to a variety of factors such as rising awareness about its health and environmental benefits, a steady shift from chemical farming to natural organic farming, growing popularity of biofertilizers in soil fertility management activities, and the growth of the organic food sector. However, a lack of knowledge in a few prospective growing markets, a poor regulatory framework, and technological constraints are impeding the biofertilizers market's potential growth.
Before the conclusion of the projection period in 2025, the global biofertilizers market is estimated to be valued US$4,092.1 million, up from US$1,254.2 million in 2016. The players are projected to see considerable growth in terms of income and growth as awareness of biofertilizers grows in developing nations thanks to consistent government support.
Biofertilizer demand will be aided by reducing arable land.
Biofertilizer demand will be aided by reducing arable land.
Fruits and vegetables, oil seeds and pulses, cereals and grains, and other segments such as decorative plants and nursery turfs make up the worldwide biofertilizers market. Currently, the biggest demand for biofertilizers is seen in the oats and grains classification, owing to shrinking arable area and a significant increase in population. Oats and wheat have long been known to require a large amount of biofertilizers in order to grow properly. Wheat, rice, oats, corn, and grain are some of the most often consumed grains.
Reduced arable land to help meet biofertilizer need
The global biofertilizers market has been divided into fruits and vegetables, oil seeds and pulses, cereals and grains, and other segments such as ornamental plants and nursery turfs, based on application. Oats and grains currently have the biggest demand for biofertilizers, owing to shrinking arable area and a significant increase in population. It has long been known that oats and grains require a large amount of biofertilizers to grow properly.
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