Biofertilizer Market Is Anticipated To Grow At A Cagr Of 14% During 2019 To 2024

By Author: Lucintel LLC
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The global biofertilizer market is projected to grow at a CAGR of 14% during 2019 to 2024. The growth of biofertilizer market is driven by rise in demand for organic foods among the health conscious population and growing adoption of advanced and sophisticated technologies by farmers to increase arable land.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the global biofertilizer market by form (pure & mixed liquid fermentations, dispersible granule, pellet, and powder), microorganism (rhizobium, azotobacter, azospirillum, cyanobacteria, phosphate-solubilizing bacteria, and others), crop type (cereals & grains, pulses & oilseeds, fruits & vegetables, and others), mode of application (seed treatment, soil treatment, and others), and by region (North America, Europe, Asia-Pacific, and RoW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the biofertilizer market?
Q.4 What are some changing demands of customers in the biofertilizer market?
...
... Q.5 What are the new developments in the biofertilizer market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this biofertilizer area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this biofertilizer market?

Download Brochure of this report by clicking on https://www.lucintel.com/biofertilizer-market.aspx

Market Segmentation:

Based on microorganism, the biofertilizer market is segmented into rhizobium, azotobacter, azospirillum, cyanobacteria, phosphate-solubilizing bacteria, and others. The cyanobacteria segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to low input cost, increase the bioavailability of phosphorus, and help in nutrient cycling as well as nitrogen fixation.
North America will remain the largest market due to increased use of bio-based crop nutrition products and rising food quality standards.

Key Players in the biofertilizer market are Bayer, Novozymes A/S, National Fertilizers Limited, Madras Fertilizers Limited, Gujarat State Fertilizers & Chemicals Ltd. , Rizobacter Argentina S.A., T.Stanes & Company Limited, Camson Bio Technologies Limited , Rashtriya Chemicals & Fertilizers Ltd., Lallemand Inc. and Nutramax Laboratories Inc.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/biofertilizer-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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