New York, June 03, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Biofertilizers Market by Form, Mode of Application, Type, Crop Type and Region – Global Forecast to 2026” – https: // www .reportlinker.com / p04208111 /? utm_source = GNW
The carrier-based biofertilizers market is expected to grow at the highest CAGR between 2021-2026 in the Asia-Pacific region.
The carrier-based biofertilizers market as a form segment experiences the fastest growth during the forecast period in the Asia-Pacific region. Carrier-based biofertilizers are added to the soil to enrich soil fertility.
The carrier is a carrier which is used to support the viability of microorganisms in sufficient quantities. Substrates should be economical, non-toxic, readily available in abundance, and easy to apply.
Additionally, an acceptable carrier must have an appropriate pH buffer and high water retention capacity and chemical and physical uniformity to support optimal growth of microbial species. The carriers are in the form of solids / tablets, granules or powders.
Fruits and vegetables are the fastest growing market during the forecast period
The consumption of fruits and vegetables is gaining popularity these days as it serves an array of important functions in the body. The use of biofertilizers is one of the crucial elements for the sustainable production of fruits and vegetables.
According to WHO 2019, it is estimated that an insufficient intake of fruits and vegetables is responsible for around 14% of gastrointestinal cancer deaths worldwide. Due to growing health problems, the production and consumption of fruits and vegetables, especially organic, is increasing.
In order to improve the quality, shelf life and yield of fruits and vegetables, various inputs such as biofertilizers are incorporated. The increasing trend in growing organic fruits and vegetables and those under IPM practices has created a positive impact on the growth of the biofertilizer market.
Soil treatment dominates the biofertilizer market during the forecast period.
Soil treatment is a method in which certain bacteria, fungi, and other microorganisms, such as algae and protozoa, are mixed with tilled soil or organic fertilizers to enrich the soil microbiome. The use of biofertilizers in the soil depends on the nutrient content and the type of crops that are to be grown.
When these useful microorganisms are introduced into the soil, they help the plant to receive adequate nutrients, which are in insoluble and absorbable forms. In addition, these biofertilizers do not have a negative impact on soil fertility but help improve its microbial content.
The South American biofertilizer market is expected to grow at the second highest CAGR during the forecast period. “
The growth of the biofertilizer market in this region is largely contributed by economic growth in Brazil and Argentina; the markets in these countries are expected to grow well above the regional average. The availability of arable land and the expansion of agricultural land, especially in Brazil, Argentina and Chile, are driving the growth of this market.
Agricultural production in South America has increased dramatically in recent decades, and its output is expected to continue to increase, as producers in countries like Brazil continue to expand the area planted and push for higher yields. This, in turn, will support the increased consumption of biofertilizers.
Thus, the need to improve crop yield per hectare is another opportunity for growing demand for biofertilizers in South America.
The breakdown of the profiles of the main participants is as follows:
• By manufacturers: level 1 – 45%, level 2 – 33% and level 3 – 22%
• By designation: CXO – 45%, directors – 33%, others – 22%
• By geography: Asia-Pacific – 50%, Europe – 15%, North America – 10%, South America – 13% and RDM – 12%
Major market players include Novozymes A / S (Denmark), Vegalab SA (Switzerland), UPL Limited (India), Chr. Hansen Holding A / S (Denmark), Kiwa Bio-Tech (China), Lallemand Inc. (United States), Rizobacter Argentina SA (Argentina), T. Stanes & Company Limited (India), IPL Biologicals Limited (India), Nutramax Laboratories Inc. (United States), Symborg (Spain), Kan Biosys (India), Mapleton Agri Biotech Pty Ltd (Australia), Seipasa (Spain), AgriLife (India), Manidharma Biotech Pvt Ltd (India), Biomax Naturals (India).
The report segments the biofertilizer market on the basis of type, mode of application, crop type, form, and region. In terms of information, this report has focused on different levels of analysis – competitive landscape, end-use analysis, and company profiles – which together understand and discuss views on emerging segments and high-growth regions with high-growth biofertilizer markets. , countries, government initiatives, drivers, constraints, opportunities and challenges.
Reasons to buy the report:
• Illustrative segmentation, analysis, and forecast for the Biofertilizers market on the basis of type, crop type, form, mode of application and geography has been conducted to provide an overview of the market. biofertilizers
• The major drivers, restraints and opportunities of the Biofertilizers market have been detailed in this report.
• An overview of prices, business situation, technological changes and market ecosystem has been provided in the report.
• Detailed information on the competitive landscape has been provided to established industry players.
• Market share breakdown of major players in the Biofertilizers market has been provided after analyzing segmental revenue, product portfolio and global presence of manufacturers.
Read the full report: https://www.reportlinker.com/p04208111/?utm_source=GNW
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