Biofertilizers Market By Region – Global Opportunities and Forecast, 2021-2028

 Biofertilizers Market

The Biofertilizers Market is expected to expand at a CAGR of 14.1% during the forecast period. The growing adoption of organic farming, need for enhancing soil organic matter, and strategic regulatory measures are some of the major factors stimulating the market growth.

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Biofertilizers Market Dynamics

Biofertilizers offer various benefits over fertilizers such as they help maintain soil quality and enhance plant growth. This growing awareness about the remarkable benefits of biofertilizers will encourage their adoption among farmers. Biofertilizers help increase the crop yield and raise the supply per hectare to enable the supplier to cater the growing demand. This will elevate the global biofertilizers market growth.

However, the evolution of the coronavirus has influenced the working of every business. It has hindered the supply chain of various businesses. Nonetheless, the market is projected to recover as the biofertilizers are taking precautionary measures to curb the spread of virus.  With the rising recognition towards health, people are drifting towards chemical-free food products. This factor has raised the use of biofertilizers, thus increasing the biofertilizers market size.

Type Segment Drivers

Based on the type, the nitrogen-fixing biofertilizers segment is projected to hold a larger share during the forecast period. With the help of farm manure, the nitrogen-fixing biofertilizers increase the presence of microbes in the soil to improve crop efficiency. They clean the tainted soil to revive it into its organic nature, which helps to raise the crop yield. As per the biofertilizers market report, these features play a significant role in driving the growth of this segment.

Market Segmentation

·         Software

·         Services

Biofertilizers Market by Application

·         Parking

·         Sports & Entertainment

·         Transportation

·         Others

Smart Glass Market by Region:

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         North America

o   United States of America

o   Canada

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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