DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Biofertilizer Market 2016 - 2020" report to their offering.
The report, "Global Biofertilizer Market 2016 - 2020", estimates that Global Biofertilizer 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 biofertilizer market currently controls the largest market share in Global Bio Fertilizer market. The Global Nitrogen-Fixing bio fertilizer market is expected to grow at a CAGR of 13.25% till 2020.
Phosphate-Solubilizing biofertilizer segment controls the second largest market share in Global Biofertilizer market. The Global Phosphate-Solubilizing Biofertilizer 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 biofertilizers by microorganism type, Azospirillum based biofertilizers currently control the largest market share in Global Bio Fertilizer market. The Global Azospirillum Bio Fertilizer market is expected to grow at a CAGR of 17% till 2020.
Azotobacter biofertilizers currently control the second largest market share in Global Biofertilizer market. The Global Azotobacter Bio market is expected to grow at a CAGR of 11% till 2020.
In terms of biofertilizers by crop type, cereals & grains currently control the largest market share in Global Biofertilizer market in terms of consumption. The Global Cereals & Grains Biofertilizer market is expected to grow at a CAGR of 13% till 2020.
In terms of geographies, the North American Biofertilizer Market controls the largest market share in Global Bio Fertilizer market. The North American Biofertilizer market is expected to grow at a CAGR of 16.65% till 2020.
The European Biofertilizer Market controls the second largest market share in Global Biofertilizer market.The European Biofertilizer market is expected to grow at a CAGR of 14.90% till 2020.
The Asia Pacific Biofertilizer Market controls the third largest market share in Global Biofertilizer market. The Asia Pacific Biofertilizer market is expected to register second largest growth rate of 11.40% 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.
For more information visit http://www.researchandmarkets.com/research/jxq23t/global
