Agrochemicals
environmental hazards and soil contamination on crops is anticipated to fuel
global biofertilizers market over the next eight years. Agrochemicals impact on
human and animal health is expected to drive the global bio-fertilizer market.
Stringent regulations on agrochemicals led industry to shift towards
biofertilizers. Emergence of the product as the best solution these problems
led to a significant acceptance across the world. In addition to ecofriendly
nature, the product also maintain crop and soil health along with increasing
yield which is expected to spur biofertilizer market growth over the forecast
period. Biofertilizers are manufactured using organic and human wastes such as
compost and struvite which is one of the clearest substitutes to agrochemicals.
Biofertilizers can be segmented as phosphate solubilizing and nitrogen fixing.
Recently with technological advancement, potash mobilizers, and sulfur and zinc
solubilizers have been emerged as biofertilizers. Favorable regulatory norms in
many regions across the world are expected to surge biofertilizer market over
the next eight years. The European Union issued “Common Agriculture Policy” to
enhance organic farming and the product applications by issuing 30% payment as
green payment. The product is being promoted in emerging economies such as
China and India with a major consideration in their five year plans. Indian
government introduced ‘National Project on Development and Use of
Biofertilizers’ to increase production and utilization. Low product prices as
compared to agrochemicals are projected to bolster biofertilizers market over
the foreseeable future. The product has gained considerable acceptance in
developed countries which is likely surge global demand. Less awareness among
the farmers and consumers in developing countries regarding advantageous
characteristics of the product is expected to hinder the market over the next
eight years.
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Biofertilizers can be segmented on the basis of product
type as phosphate solubilizers and nitrogen fixation biofertilizers. Nitrogen
fixing biofertilizers consists of various bacteria’s including Azotobactor,
Rhizobium, Acetobactor and Azospirillum, which helps to improve soil yield
coupled with microbial and organic population. Nitrogen fixing biofertilizers
had major share in the product market in 2013 owing to increasing demand
worldwide. Phosphate solubilizer was the second major application segment of
biofertilizer in 2013, and is anticipated to be the fastest growing market over
the forecast period. Phosphate solubilizers contain bacterias which helps to
hydrolyze inorganic and organic phosphate from compounds. Phosphate chemical
fertilizers used for plants are immobilized and reduce plants minerals intake
whereas biofertilizers enhances the mineral intake of plants owing to
substantial supply of phosphate.
Biofertilizers applications include soil treatment and
seed treatment. Seed treatment was the largest application market in 2013. The
product addition to seeds improves sustainability for virus and bacteria
attacks and improves crop yield. It helps in converting atmospheric nitrogen
and makes it useful for plants. Seed treatments also improve phosphorus content
in the soil by solubilizing it and enhance availability. Soil treatment is done
by spraying biofertilizer on the agriculture land which improves the crop yield
and fertility.
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Biofertilizers were firstly
commercialized in Europe and North America. North America was the major
biofertilizer market in 2013 followed by Europe, together accounting for over
50% market share. Increasing atmospheric hazards awareness and pollution impact
coupled with increasing demand for organic food is expected to boost the global
biofertilizers market in the region over the forecast period. Stringent
regulations related to green farming force farmers to switch towards
biofertilizers replacing agrochemicals is projected to have positive impact on
the biofertilizer market in near future. Asia Pacific was the third major
market in 2013 and expected to be the fastest growing market over the next
eight years on account of increasing organic food demand. Growing agricultural
activities in countries such as China, India and Brazil is likely to spur the
market over the next decade. Government support to agricultural sector such as
incentives and subsidies is expected to boost the market in these
countries.
The major key players in the
global market include Novozymes A/S, CBF China Biofertilizers AG, Agri Life,
Biomax, Antibiotice S.A., Symborg S.L., Mapleton Agribiotec, and Labiofam S.A.
Novozymes A/S and CBF China Biofertilizers AG holds major share in the market
and supply biofertilizers particularly to North America and Europe. The market
is highly fragmented due to existence of large number of regional players.
Table of Contents
Chapter 1 Executive Summary
1.1 Biofertilizers - Industry Summary & Critical Success Factors (CSFs)
1.1 Biofertilizers - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Biofertilizers Industry Analysis
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Biofertilizers Market Dynamics
2.4 Key Opportunities Prioritized
2.5 Industry Analysis - Porter's
2.6 Biofertilizers - Company Market Share Analysis
2.7 PESTEL Analysis
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Biofertilizers Market Dynamics
2.4 Key Opportunities Prioritized
2.5 Industry Analysis - Porter's
2.6 Biofertilizers - Company Market Share Analysis
2.7 PESTEL Analysis
Chapter 3 Biofertilizers Product Outlook
3.1 Nitrogen Fixing
3.2 Phosphate Solubilizers
3.3 Other (potash mobilizing, zinc solubilizing etc)
3.1 Nitrogen Fixing
3.2 Phosphate Solubilizers
3.3 Other (potash mobilizing, zinc solubilizing etc)
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