Bio-fertilizers Market: Global Demand Analysis & Opportunity Outlook 2024 - Major Players are International Panaacea, Lallemand, National Fertilizers, Novozymes and Rizobacter
DUBLIN, July 26, 2018 /PRNewswire/ --
The "Bio-fertilizers Market: Global Demand Analysis & Opportunity Outlook 2024" report has been added to ResearchAndMarkets.com's offering.
Global bio-fertilizers market reached USD 1106.4 Million in 2016 and is projected to flourish at a CAGR of 14.2% during the forecast period. Moreover, the market is expected to garner USD 3124.5 Million by the end of 2024.
The global demand for bio-fertilizers is increasing due to the rising demand for agricultural products. Further, rising global population is creating huge demand for the large scale production in agricultural sector. This factor is expected to spur the growth of the global bio-fertilizers market over the forecast period.
North America is slated to account for a leading share of 28.7% by 2024 in the bio-fertilizers market. The growth in the region is anticipated to be fostered by increasing demand for organic food products. Besides, encouragement by the government to adopt advanced agricultural techniques is also expected to positively impact the growth of bio-fertilizers market in the North America. U.S. and Canada are the prominent markets in the region.
Latin America is expected to showcase modest growth over the forecast period i.e. 2017-2024 by registering a CAGR of 16.3% over the forecast period. Further, the market is expected to account for USD 598.3 Million by 2024 from USD 183.7 Million in 2016. Factors such as increasing need for high agricultural yield in order to meet increasing population demands signals promising growth for Latin America bio-fertilizers market. Global bio-fertilizers market is segmented on the basis of product type into nitrogen-fixing, phosphate-solubilizing, potash-mobilizing and others (zinc, boron or sulphur-solubilizing).
Nitrogen-Fixing segment (72.8% share in 2016) occupies the largest market of bio-fertilizers across the globe. Further, global nitrogen-fixing market is anticipated to reach USD 2,242.4 Million by the end of 2024 from USD 805.7 Million in 2016. Further, this segment is anticipated to flourish at a CAGR of 14.0% over the forecast period. However, phosphate-solubilizing segment is anticipated to grow at highest CAGR of 14.4% during 2017-2024.
Gujarat State Fertilizers and Chemicals Ltd., International Panaacea Limited, Lallemand Inc., National Fertilizers Limited, Novozymes and Rizobacter Argentina S.A. are some of the major players in bio-fertilizers market.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Risk Analysis
4. Recent Developments in Global bio-fertilizers Market
5. Top Countries with Highest demand for Bio-fertilizer
6. Global Bio Fertilizer Market Size (USD Million) and Forecast, 2016-2024
7. Market Dynamics & Its Impact Analysis
8. Global Market Segmentation Analysis
9. Porter's Five Force Model Analysis
10. Competitive Landscape
Companies Mentioned
- AZOMURES
- Sigma AgriScience
- Bio Power
- Rizobacter
- Novozymes A/S
- Lallemand
- Gujarat State Fertilizers
- Risehop
- National Fertilizers
- International Panaacea
For more information about this report visit https://www.researchandmarkets.com/research/43nhg4/biofertilizers?w=5
Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article