According to Goldstein Research, the global bio-fertilizer market is expected to reach USD 3.4 billion by 2024 from USD 0.52 billion in 2016, growing at a CAGR of 13.18% over the forecast period 2016-2024. The high cost of chemical fertilizers, rising awareness about vulnerability from chemical fertilizers and bio-fertilizers strong resistance against crop diseases are primarily driving the market. Global bio-fertilizer market segmentation has been done on the basis of bio-fertilizer type, crop type, application and geography. Nitrogen fixing bio-fertilizers is the dominating segment of the bio-fertilizer market. The nitrogen fixing bio-fertilizer market valued USD 0.39 billion in 2015.

The global bio-fertilizer industry is largely dominated by Asia-Pacific region with more than 32% revenue share. APAC bio-fertilizer market is expected to reach USD 1.1 billion by 2024. Europe bio-fertilizer market is projected to prosper at a CAGR of 14.2% over the forecast period, on the back of implementation of common agricultural policies by European government such as subsidies for improving agricultural production.

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Market Segmentation

On the basis of our in-depth analysis, Global Bio-Fertilizer Market can be segmented as follows:

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
By Region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Bio-Fertilizer Market Outlook 2024” contains a detailed overview of the global bio-fertilizer market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by bio-fertilizer type, crop type and application.

Further, for the in-depth analysis, Global Bio-Fertilizer Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players 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., Biomax, etc. 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-fertilizer market size along with a market forecast that will help industry consultants, technology providers, 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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