Category

Biofertilizers Market Size, Share, Opportunities, And Trends By Type (Nitrogen Biofertilizers, Phosphorous Biofertilizers, Others), By Crop Type (Food And Vegetables, Oilseed, Cereals, Others), By Application (Seed Treatment, Root Dipping, Soil Application), And By Geography - Forecasts From 2019 To 2024

Published: May 2020 | Report Code:  KSI061610574 | Pages:  114

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.

Market Dynamics

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.

Segmentation

The segmentation for Biofertilizers market has been done as follows:

By type:

Nitrogen Biofertilizers

Phosphorous Biofertilizers

Others

 

By crop type:

Food and Vegetables

Oilseed

Cereals

Others

 

By application:

Seed treatment

Root dipping

Soil application

 

By geography:

Americas

North America

South America

Europe Middle East and Africa

Europe

MEA

Asia Pacific


Frequently Asked Questions (FAQs)

Q1. What will be the BioFertilizers market size by 2024?
A1. The BioFertilizers market is projected to reach a total market size of US$3.422 billion in 2024.
 
Q2. What are the growth prospects for BioFertilizers market?
A2. The global BioFertilizers market is projected to grow at a CAGR of 10.95% over the forecast period.
 
Q3. What is the size of global BioFertilizers market?
A3. BioFertilizers market was valued at US$1.834 billion in 2018.
 
Q4. What factors are anticipated to drive the BioFertilizers market growth?
A4. The increasing global population, need for quality food and huge investments in research are some of the factors driving the BioFertilizers market growth.
 
Q5. How is the global BioFertilizers market segmented?
A5. The global BioFertilizers market has been segmented by type, crop type, application, and geography.

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