The Global Biofertilizers Market was worth $930.5 million in 2016 and estimated to be growing at a CAGR of 13.6%, to reach $1760.39 million by 2021. There is a shift observed to bio-based substitutes to decrease dependence on petroleum products and lower carbon releases into the atmosphere which further helps in reducing global warming all around the globe.

Biofertilizers have living microorganisms that endorse plant growth by aggregating the availability of basic nutrients to the host plant. The use of favorable microbes as organic Biofertilizers have evolved as of great importance in the agricultural area for the ability they carry to deliver food safety and a supportable crop production method.

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Increasing health concerns about the usage of chemical fertilizers have driven the demand for Biofertilizers. As life style associated diseases are rising, demand for organic food is also gaining importance. This has fortified the farmers to make use of an organic fertilizer which is one of the key reasons for the rapid growth of bio fertilizer market. Though, certain Biofertilizers allegedly have sedative effects. Yet, the global Biofertilizers market has a great opportunity to expand across the developing economies.

Global market for Biofertilizers is segmented by type into Nitrogen Fixing, Phosphate Solubilizing and Potash Mobilizing. Based on crop type the market is segregated into Cereals & Grains, Pulses & Oilseeds and Fruits & Vegetables. On the basis of microorganism segmentation is among Azotobacter, Azospirillium, Rhizobium, Phosphate Solubilizing Bacteria and Cyanobacteria. By mode of application the market is bifurcated into Seed Treatment and Soil Treatment. By form the market is divided into Pure & Mixed Liquid Fermentations, Dispersible Granules and Pellets. Nitrogen-fixing bio-fertilizer is the leading segment of the market which is fuelled with the increasing acceptance and demand of these fertilizers and expected to expand enormously.

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Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. Asia-Pacific is the leading consumer market of bio-fertilizer due to good awareness and government policies which are amongst the main growth drivers in this region. Asia-Pacific is also the most adaptable market for bio-fertilizer because of accessibility of raw material, low-priced labour force and large population of end- users.

The value chain includes producers in the Biofertilizers market and they are Lallemand Inc. (Canada), Camson Bio Technologies Limited (India), Rizobacter Argentina S.A. (Argentina), Novozymes A/S (Denmark), Camson Bio Technologies Limited (India) and Nutramax Laboratories Inc. (U.S.), Symborg S.L., Mapleton Agri Biotech Private Ltd and AgriLife.

Market Segmentation

1) By Type
• Nitrogen Fixing
• Phosphate Solubilizing
• Potash Mobilizing
• Others

2) By Crop Type
• Cereals & Grains
• Pulses & Oilseeds
• Fruits & Vegetables
• Others

3) By Microorganisms
• Azotobacter
• Azospirillium
• Rhizobium
• Phosphate Solubilizing Bacteria
• Cyanobacteria
• Others

4) By Mode of Application
• Seed Treatment
• Soil Treatment
• Other Applications

5) By Form
• Pure & Mixed Liquid Fermentations
• Dispersible Granules
• Pellets
• Others

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Reasons to buy Latin America Biofertilizers Market Research Report:
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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