Biofertilizers Market - Industry Outlook, Growth, Trends and Forecast 2025
With the growing awareness about the adverse effects of chemical fertilizers on environment, the global biofertilizers market gathers momentum. Chemical fertilizers significantly contaminate water and pollute the soil, which has shifted the preference toward biofertilizers, as they are environment friendly. In addition, an increased awareness about one’s health and with the concept of eating healthy, the global biofertilizers market has garnered momentum. In the case of organic farming, use of biofertilizers is compulsory, as such with the growing popularity of organic food, the market expands.
Some of the well-known companies in the global biofertilizers market are Rashtriya Chemicals & Fertilizers Ltd, Ajay Bio-Tech (India) Ltd, Camson Bio Technologies, International Panaacea Limited, Rizobacter Argentina S.A, and T Stanes & Company Ltd.
Researchers at Transparency Market Research (TMR) have prepared a comprehensive report on global biofertilizers market. The analysts predict that the global biofertilizers market to likely to expand at a double digit growth rate of 12.9 % CAGR over forecast tenure, 2017 to 2025.
Increased Use in Soil Treatment to Accentuate Demand for Biofertilizers over Forecast Tenure
Soil treatment methods are capable of improving the yield of crops with better quality. When biofertilizers are mixed with the soil, the nutrient content of the soil gets better, which has proven to increase yield by a good 10 percent to 15 percent. In addition, it does not deteriorate the quality of soil and the overall environment. The global biofertilizers market is likely to be encouraged by the growing popularity of soil treatment, particularly in the Asian countries.
Request a PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=861
The global biofertilizers market gathers momentum from the growing shortage of arable land and increased demand for agricultural yield to cater to the need of increasing population. The products that come under the segment of oats and grain need considerable amount of biofertilizers. Oats, wheat, grain, and rice are some of such crops that need substantial amount of biofertilizers to optimize output thereby supporting growth of the global biofertilizers market over the forecast tenure.
Biofertilizers have gained traction in recent times as it has proved to be beneficial for in more than one ways. Improvements in the yield, shelf life, and overall quality of vegetables and fruits have been observed with use of biofertilizers. In addition to that, the growing inclination toward organic vegetables and fruits owing to growing awareness about its benefits and rise in per capita income of the people is another growth factor for the global biofertilizers market.
Request COVID-19 Impact Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=861