ACCESSWIRE
23 Nov 2020, 18:49 GMT+10
DALLAS, TX / ACCESSWIRE / November 23, 2020 / According to a new market report by Lucintel, the future of the biofertilizer market looks promising with opportunities in the seed treatment and soil treatment applications. The biofertilizer market is expected to grow with a CAGR of 14% from 2019 to 2024. The major drivers for this market are 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.
To download report brochure, please go to https://www.lucintel.com/biofertilizer-market.aspx and click 'report brochure' tab from the menu .
In this market, rhizobium, azotobacter, azospirillum, cyanobacteria, and phosphate-solubilizing bacteria are the major microorganism in the biofertilizer. On the basis of comprehensive research, cyanobacteria will remain the largest segment over the forecast due to low input cost, increase the bioavailability of phosphorus, and help in nutrient cycling as well as nitrogen fixation.
Within this market, biofertilizer for fruits and vegetables will remain the largest segment during the forecast period due to increasing trend of consumer preferences for organic fruits & vegetables. Biofertilizer also improves the quality, shelf-life, and yield of fruits & vegetables.
North America will remain the largest market due to increased use of bio-based crop nutrition products and rising food quality standards.
Bayer, Novozymes, National Fertilizers Limited, Kiwa biotech, Lallemand Inc., Madras Fertilizers Limited, Gujarat State Fertilizers & Chemicals Ltd. , Rizobacter Argentina S.A., T.Stanes & Company Limited, Camson Bio Technologies Limited , Rashtriya Chemicals & Fertilizers Ltd., and Nutramax Laboratories Inc. are among the major manufacturers of biofertilizers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the biofertilizer market by form, microorganism, crop type, mode of application, and region. Lucintel has prepared a comprehensive research report titled 'Biofertilizer Market 2019-2024: Trends, Forecast, and Opportunity Analysis'. This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the biofertilizer market by form, crop type, microorganism, mode of application, and region as follows:
By Form [$M shipment analysis for 2013 - 2024]:
By Microorganism [$M shipment analysis for 2013 - 2024]:
By Crop Type [$M shipment analysis for 2013 - 2024]:
By Mode of Application [$M shipment analysis for 2013 - 2024]:
By Region [$M shipment analysis for 2013 - 2024]:
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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
Related reports
Seed Treatment Fungicides Market:
For more details click here https://www.lucintel.com/seed-treatment-fungicides-market.aspx
Specialty Fertilizers Market:
For more details click here https://www.lucintel.com/specialty-fertilizers-market.aspx
Bioresorbable Polymer Market:
For more details click here https://www.lucintel.com/bioresorbable-polymer-market.aspx
Dimethyl Ether Market:
For more details click here https://www.lucintel.com/dimethyl-ether-market.aspx
Green and Bio Polyol Market:
For more details click here https://www.lucintel.com/green-and-bio-polyol-market.aspx
Oilfield Stimulation Chemical Market:
For more details click here https://www.lucintel.com/oilfield-stimulation-chemical-market.aspx
Agricultural Biological Market:
For more details click here https://www.lucintel.com/agricultural-biological-market.aspx
Biodegradable Mulch Film Market:
For more details click here https://www.lucintel.com/biodegradable-mulch-film-market.aspx
Bio-insecticide Market:
For more details click here https://www.lucintel.com/bio-insecticide-market.aspx
Biological Seed Treatment Market:
For more details click here https://www.lucintel.com/biological-seed-treatment-market.aspx
SOURCE: Lucintel
Get a daily dose of St Louis Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to St Louis Star.
More InformationSince September, the devastation wrought by the COVID-19 pandemic has deepened, infecting close to 100 million people, costing more than ...
The Russian vessel tapped to finish the controversial Nord Stream 2 gas pipeline has begun work in Danish waters just ...
President Joe Biden has issued an executive order that overturns a ban on transgender people serving in the U.S. military.In ...
NEW DELHI, India - India and China have agreed to push for an early disengagement of the frontline troops in ...
PanARMENIAN.Net - There is some evidence that a new coronavirus variant first identified in southeast England carries a higher risk ...
AMSTERDAM, Netherlands - A Canadian man, one of the world's most wanted fugitives, has been arrested by the Central Unit ...
NEW YORK, New York - U.S. stocks were out of favour on Tuesday with the main indices drifting lower.At the ...
NEW DELHI, India - After clashes between protestors and police in several parts of Delhi, farmers on Tuesday, the Samyukta ...
SYDNEY, NSW, Australia - Stocks in Asia lost ground on Tuesday.The Australian market missed the damage as markets were closed ...
WASHINGTON, DC, January 26 (ANI) - The U.S. Senate has confirmed Janet Yellen to be the next Secretary of the ...
NEW YORK, New York - Wall Street got the wobbles on Monday after a sell-off in Europe and the UK. ...
Washington [US], January 25 (ANI): Potterheads have a reason to rejoice as a new 'Harry Potter' television series is currently ...