Biofertilizers Market - Forecasts from 2018 to 2023
The biofertilizers market is estimated to attain a CAGR of 13.52%, reaching US$2.868 billion in 2022, increasing from US$1.521 billion in 2017. 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 agriculture industry. The need of quality food is the key factor responsible for the 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