Global Biofertilizers (Nitrogen Fixing, Phosphate Solubilizing, Potash Mobilizing) Market - Trends & Forecasts to 2019

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Jul 23, 2014, 08:09 ET

DUBLIN, July 23, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Biofertilizers Market by Type, by Crop Type, by Micro-Organism & by Geography - Global Trends & Forecasts to 2019" report to their offering.

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Biofertilizers are natural fertilizers which are microbial inoculants of bacteria, algae, and fungi alone, or in combination, and they augment the availability of nutrients to the plants. These biofertilizers enhance soil fertility by fixing atmospheric nitrogen and by mineralization of P & K. The global biofertilizers market, by type, is dominated by the nitrogen-fixing segment as nitrogen is the most essential nutrient for plants.

The various microorganisms used as nitrogen-supplying biofertilizers are rhizobium, actinorhizae, azotobactor, and azospirillum. They are used for leguminous as well as non-leguminous crops. These biofertilizers are used to grow other crops as well, especially rice and sugarcane. After nitrogen-fixing biofertilizers,phosphate-solubilizing biofertilizers are widely used. Phosphate-solubilizing microbes secrete organic acids and lowers the pH in the soil which degeneratephosphates in the soil. Various phosphate-solubilizing microbes are species of pseudomonas, bacillus, penicillium, and aspergillus.

The global biofertilizers market is dominated by North America and Europe The main reason for the growth in European nations is the stringent regulatory framework regarding maximum residue level as well as the increasing cost of chemical fertilizers.

The market in the Asia-Pacific region has picked up pace due to rising awareness among farmers as well as consumers about the harmful effects of chemicals. More emphasis is being laid on sustainable agriculture by many governments. Increased rate of consumption of organic food all over the world, due to the health hazards caused by chemicals to soil and to human health, is another factor triggering the growth of the biofertilizers industry in the Asia-Pacific region. Along with catering to the local market, the Asia-Pacific and ROW regions are the biggest exporters of biofertilizers.

The biofertilizers market is projected to grow at a CAGR of 13.9% from 2014 to 2019. Geographically,the North American region had the highest demand for biofertilizersin 2013. The Asia-Pacific region is projected to be the fastest growing market for biofertilizers from 2014 to 2019. The biofertilizers market is estimated by segmenting the market into micromarkets, based on the share of each type, crop type,microorganism,and geographical region. The market data is available from 2012 to 2019 with a forecasted CAGR from 2014 to 2019.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Premium Insights

4 Market Overview

5 Industry Analysis

6 Market Analysis

7 Biofertilizers Market, By Type

8 Biofertilizers Market Size, By Microorganism

9 Biofertilizers Market, By Application

10 Biofertilizers Market Size, By Geography

11 Competitive Landscape

12 Company Profiles

Companies Mentioned: