Bio fertilizers do not contain any chemicals which are harmful to the living soil and they are very helpful in enriching soil fertility and fulfilling nutrient requirements of a plant by supplying organic nutrients with the help of microorganisms and their by products.
The Global Bio Fertilizers Market was estimated at USD 787.8 Million in 2016 and is projected to grow up to USD 1.65 Billion by the year 2022.
The conventional agriculture plays an important role in meeting the demand for food and cereals for the expanding global population. However, the traditional method is largely dependent on the chemical fertilizers and pesticides which are primarily exploited to increase the crop yield. This directly harms the environment and causes pollution.
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The EU Common Agriculture Policy promotes the use of bio fertilizer products along with the organic farming up to 30% of the budget as direct green payment to farmers complying to sustainable agricultural practices. Some of the government initiated schemes and plans which are likely to boost the bio fertilizers market growth over the forecast period are National Mission of Sustainable Development (NMSA)/Paramparagat Krishi Vikas Yojana, Rashtriya Krishi Vikas Yojana (RKVY) and National Mission on Oilseeds and Oil Palm (NMOOP) and Indian Council of Agricultural Sciences (ICAR). The National Organic Program (NOP) aims to implement and develop standards for the organically grown agricultural products.
The report covers competitive analysis which provides competitive information on leading players in the market, their company profiles, product portfolio, capacity, production, and company financials based on different regions.
Important regions covered in this research report are:
1. North America
2. Latin America
3. Europe
4. Asia Pacific
5. Middle East and Africa
Major countries that are covered in this report are United States, Canada, Mexico, Germany, France, Italy, Spain, China, Japan, India, Malaysia, Thailand, Singapore and rest of the world.
Important Vendors:
1. Antibiotice
2. CBF China Bio fertilizers
3. Lellemand
4. Agrilife
5. National Fertilizers
6. Biomax
7. Libiofam
8. Novozymes
9. Symborg
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