Biofertilizers Market - Forecasts from 2019 to 2024
The BioFertilizers market is projected to grow at a CAGR of 10.95% to reach US$3.422 billion in 2024 from US$1.834 billion in 2018. Biofertilizers are components which accelerate the microbial action of soil or seeds for the rapid growth of plants and crops. These are highly used in the agriculture industry. The need for quality food is the key factor responsible for market growth. Increasing global population, need for quality food and huge investments in research are some of the factors driving the market growth.
This section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook; key industry and regional regulations which are determining the product specifications and a brief technological aspect of Biofertilizers. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
The segmentation for Biofertilizers market has been done as follows:
By crop type:
Food and Vegetables
Europe Middle East and Africa
Key industry players profiled as part of the report are:
Madras Fertilizers Limited
Rashtriya Chemicals & Fertilizers Limited
T. Stanes & Company Limited