LONDON, May 11, 2016 /PRNewswire/ -- NOVONOUS estimates that Global Bio Fertilizer market will grow at a CAGR of 13.90% by 2020. This growth is mainly due to increasing penetration of bio fertilizers in agriculture, increase in demand for organic produce and easy availability of affordable bio fertilizer products to end users.
This research found the main growth driver for the bio fertilizer industry are affordable cost of bio fertilizers, increasing focus on sustainable farming, rising government's support and environmental regulations. This research also found that high initial investment costs, poor performance of earlier bio fertilizers, low awareness about benefits of using bio fertilizers among farmers are main growth inhibitors global bio fertilizer market.
Nitrogen-Fixing, Phosphate-Solubilizing and Potash-Mobilizing are key bio fertilizer types. Nitrogen-Fixing bio fertilizer market currently controls the largest market share in Global Bio Fertilizer market. As per NOVONOUS estimates, Global Nitrogen-Fixing bio fertilizer market is expected to grow at a CAGR of 13.25% till 2020.
Phosphate-Solubilizing bio fertilizer segment controls the second largest market share in Global Bio Fertilizer market. As per NOVONOUS estimates, Global Phosphate-Solubilizing Bio Fertilizer market is expected to grow at a CAGR of 20.75% till 2020 and maintain it's market share position even in 2020.
In terms of bio fertilizers by microorganism type, Azospirillum based bio fertilizers currently control the largest market share in Global Bio Fertilizer market. As per NOVONOUS estimates, Global Azospirillum Bio Fertilizer market is expected to grow at a CAGR of 17% till 2020.
Azotobacter bio fertilizers currently control the second largest market share in Global Bio Fertilizer market. As per NOVONOUS estimates, Global Azotobacter Bio market is expected to grow at a CAGR of 11% till 2020.
In terms of bio fertilizers by crop type, cereals & grains currently control the largest market share in Global Bio Fertilizer market in terms of consumption. As per NOVONOUS estimates, Global Cereals & Grains Bio Fertilizer market is expected to grow at a CAGR of 13% till 2020.
In terms of geographies, North America Bio Fertilizer Market controls the largest market share in Global Bio Fertilizer market. As per NOVONOUS estimates, North America Bio Fertilizer market is expected to grow at a CAGR of 16.65% till 2020.
Europe Bio Fertilizer Market controls the second largest market share in Global Bio Fertilizer market. As per NOVONOUS estimates, Europe Bio Fertilizer market is expected to grow at a CAGR of 14.90% till 2020.
Asia Pacific Bio Fertilizer Market controls the third largest market share in Global Bio Fertilizer market. As per NOVONOUS estimates, Asia Pacific Bio Fertilizer market is expected to register second largest growth rate of 11.40% till 2020.
Spanning over 142 pages and 105 exhibits, "Global Bio Fertilizer Market 2016-2020" report presents an in-depth assessment of the Global Bio Fertilizer market from 2016 till 2020.
The report has detailed company profiles including their position in big data market value chain, financial performance analysis, product and service wise business strategy, SWOT analysis and key customer details for 11 key players in Global bio fertilizer market namely Agriculture Solutions Inc., AZOMURES, Bio Power Lanka, Cambi AS, EuroChem Agro GmbH, Gujarat State Fertilizers and Chemicals Ltd., International Panaacea Limited, Lallemand Inc., Nachurs Alpine Solutions, National Fertilizers Limited and Novozymes A/S.
Scope of Global Bio Fertilizer Market 2016 - 2020 report:
- This report provides detailed information about Global Bio Fertilizer market including future forecasts.
- This report identifies the industry wise need for focusing on Bio Fertilizer market.
- This report provides detailed information on growth forecasts for overall Global Bio Fertilizer market up to 2020.
- This report provides detailed information on type wise (nitrogen-fixing, phosphate-solubilizing and potash-mobilizing) growth forecasts for global bio fertilizer market up to 2020.
- This report provides detailed information on microorganism wise (Rhizobium, Azotobacter, Azospirillum, Blue-green algae, Mycorrhiza and Phosphate solubilizing bacteria) growth forecasts for global bio fertilizer market up to 2020.
- This report provides detailed information on crop wise (cereals & grains, pulses & oilseeds and fruits & vegetables) growth forecasts for global bio fertilizer market up to 2020.
- This report provides detailed information on geography wise (Asia pacific, Africa & middle east, Europe, south America and north America) growth forecasts for global bio fertilizer market up to 2020.
- The report identifies the growth drivers and inhibitors for Global Bio Fertilizer market.
- This study also identifies various parts of Bio Fertilizer value chain.
- This report has detailed profiles 11 key players in Global bio fertilizer market covering their business strategy, financial performance, future forecasts and SWOT analysis.
- This report covers in details the competitive landscape in Global bio fertilizer market.
- This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Global bio fertilizer market.
- This report provides Porter's Five Forces analysis for Global bio fertilizer market.
- This report provides SWOT (strengths, weakness, opportunities and threats) analysis for Global bio fertilizer market.
- This report identifies the key challenges faced by new players in Global bio fertilizer market.
- This report provides future trends and opportunities for bio fertilizer market in India.
- This report also provides strategic recommendations for policy makers, end users, manufacturers and investors.
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