Biofertilizers Market - Forecasts to 2019

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Feb 21, 2014, 11:43 ET

DUBLIN, Ireland, February 21, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/l63r6n/biofertilizers) has announced the addition of the "Biofertilizers Market - Forecasts to 2019" report to their offering.
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Biofertilizers contain living microorganisms which, when applied to seed, plant surfaces, or soil, colonizes the interior of the plant and promotes growth by increasing the supply or availability of primary nutrients to the host plant. They serve as a suitable alternative to chemical fertilizers by adding nutrients through the natural processes of solubilizing phosphorus, nitrogen fixation, and stimulating plant growth through the synthesis of growth-promoters. Biofertilizers are cost effective, and serve as renewable sources of plant nutrients which supplement chemical fertilizers. Different types of biofertilizers are present such as nitrogen fixing biofertilizers, phosphate solubilizing biofertilizers, potash mobilizing biofertilizers and others.

Increasing environmental hazards on agriculture as a result of excessive use of chemical fertilizers coupled with support from the government and regulatory bodies through various policies issued for the production of biofertilizers is one of the major factors expected to drive the demand for biofertilizers over the forecast period. However, slow effects of biofertilizers over chemical fertilizers and low adoption of biofertilizers is anticipated to hamper the growth of the market. Increasing scope of biofertilizers in developing and emerging economies such as China is expected to open new opportunities for the biofertilizer industry within the next few years.

Nitrogen fixing were the majorly consumed biofertilizers in the industry in 2012, accounting for over 78% of the global demand. These biofertilizers are majorly used to improve crop yield and involve several potential benefits in environmental application, in addition to their agricultural usefulness. Furthermore, increasing consumption for leguminous and non-leguminous plant products is also expected to augment the demand for nitrogen fixing biofertilizers over the forecast period. Phosphate solubilizing is expected to show the fastest growth over the next few years owing to their potential use in developing a cost-effective and eco-friendly multifunctional bio control agent and biofertilizer in agriculture. The market for other types of biofertilizers such as potash mobilizing and zinc mobilizing are saturated due to low demand from the farmers.

Demand for biofertilizers was the highest from seed treatment, accounting for approximately 72% of the global demand. Biofertilizers are extensively used in seed treatment owing to technological advancement and rising environmental concern from the use of chemical fertilizers. Furthermore, the demand for bio based soil treatments owing to increasing environmental concern is also expected to drive the demand for biofertilizers over the next few years.

Key Topics Covered:

1 Preface

2 Executive Summary

3 Biofertilizers - Industry Analysis

4 Global Biofertilizers Market - Product Segment Analysis

5 Global Biofertilizers Market - Application Analysis

6 Global Biofertilizers Market - Regional Analysis

7 Company Profiles

Companies Mentioned: