03 June 2020
Bio Organic Fertilizer Market is anticipated to grow at XX% CAGR from 2020 to 2025 and it is estimated that the global market was valued at USD XX billion in 2020 and is expected to reach USD XX billion by 2025.Disable Third Party Ads
Bioorganic fertilizer is a substance that consists of living microorganisms, which help in the growth of the plant by increasing the supply of nutrients to it. Increase in the use of bio-fertilizers is expected to reduce the demand for chemical fertilizers and pesticides as they hamper the health of the soil.
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Factors such as rising environmental awareness, enhancing soil fertility and increasing demand for organic food are key driving factors for the market. Factors restraining the growth of the bio-fertilizer market are lack of awareness and lower adoption rate by farmers. The Shortage of fertilizers in regions like Latin America and Africa, formulation of favorable government policies and countries having agriculture dominant economy would provide growth opportunities for this market.
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The global Bio Organic Fertilizer market is segmented on the basis of
Nitrogen Fixing Bio-Fertilizers,
Potash Mobilizing Bio-Fertilizers
Fruits and Vegetables
Pulses and Oilseeds
On the basis of geography, the market is segmented into various regions namely
Middle East and Africa
Asia Pacific accounted for the largest share of the market followed by North America. Asia Pacific is the expected to witness the highest growth in the coming years due to the presence of countries such as India and China have a large population, vast landscape, and booming economies.
Some of the key players d-2ominating the market are Gujarat State Fertilizers & Chemicals (GSFC), Lallemand, Novozymes, Symborg, Biomax, Agri Life, Ajay Bio-Tech Ltd and Antibiotice S.A.