According to Goldstein Research report on bio-fertilizers market shows clear forecast of the market along with bio-fertilizers market trends. Implementation of advanced technology in crop production is giving a new outlook to agriculture industry. Emerging economies such as India are focusing more to provide high nutritional value to have high yield of stable foods. IARI (Indian Agricultural Research institute) introduced an algal bio-fertilizer technology and cyanobacterial bio-fertilizers. Economic benefits and simple process of this fertilizer is becoming more popular among farmers. However, algal bio-fertilizer technology is still not widely accepted due to the non-availability of proper inoculums and presence of contaminants & variations. North-America bio-fertilizers market accounted for 30% revenue share of global bio-fertilizer market in 2016.

Growing demand of organic food in countries such as the U.S. and Canada is expected to expand the biofertilizers market in North-America region. North-America bio-fertilizer market is anticipated to grow at a CAGR of 15.8% over the forecast period through 2024, owing to the growing awareness towards harmful effects of chemical fertilizers on environment and inclination towards the consumption of organic food in the region.

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Market Segmentation
Global Bio-Fertilizer Market is categorized on the following basis:

Based on Bio-fertilizer Type
o Nitrogen- Fixing Bio-fertilizers
o Potash-Mobilizing Bio-fertilizers
o Phosphate-Solubilizing Bio-fertilizers
o Plant Growth Promoting Bio-fertilizers
Based on Crop Type
o Fruits and Vegetables
o Cereals and Grains
o Oilseeds and Pulses
o Other Crops ( Cash Crops, Fiber Crops, Forage Crops)
Based on Application
o Soil Treatment
o Seed Treatment
Based on Geography
o North America (U.S. & Canada)
o Latin America (Brazil, Mexico & Rest of Latin America)
o Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE)
o Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)
o Middle East & Africa (GCC, South Africa, North Africa, RoMEA)
o Rest of World
o
“Global Bio-Fertilizer Market Outlook 2024” by Goldstein Research contains detailed overview of the global bio-fertilizer market in terms of market segmentation by components, by technology and by end-user.
Further, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.

Global biofertilizer market also provides competitive outlook of some of the major players of global bio-fertilizer market which includes profiling of companies such as Gujarat State Fertilizers & Chemicals Ltd., National Fertilizers Ltd., Novozymes, Lallemand Inc., Madras Fertilizers Limited (India), Camson Bio Technologies Private Limited, Nachurs Alpine Solutions, International Panaacea Limited, Krishak Bharti Co-operative Ltd (KRIBHCO), AZOMURES, Rizobacter Argentina S.A., International Panaacea Limited, EuroChem Agro GmbH, Bio Power Lanka, Ajay Bio-Tech (India) Ltd, Agri Life, Antibiotice S.A. and Biomax. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global bio-fertilizers market trends along with market forecast that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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