Biofertilizers Market worth $1,649.7 Million by 2019, According to a New Study on ASDReports

Tuesday 2 September 2014, Amsterdam

The report “Biofertilizers Market by Type (Nitrogen-fixing, Phosphate-solubilizing, Potash-mobilizing), by Crop Type (Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables), by Micro-organism (Rhizobium, Azotobacter, Azospirillium, Cyanobacteria, Phosphate solubilizing bacteria), & by Geography - Global Trends & Forecasts to 2019” now available on ASDReports, defines and segments the biofertilizers market with analysis and forecasting of the global values for the market. It also identifies the driving and restraining factors with an analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented and the value is forecasted on the basis of major regions: North America, Europe, Asia-Pacific, Latin America,and Rest of the World (ROW).

Biofertilizers are preparations that contain living cells or latent cells of efficient strains of microorganisms, which helps the crop plants in uptake of nutrients from the soil. Theycan be applied either to the seed or to the soil. Once applied, biofertilizers stimulate microbial activities in the soil. These microorganisms generate plant nutrients such as nitrogen and phosphorous through the activities in the soil.

The demand for biofertilizers is increasing due to the stress on reducing environmental pollution and the usage of chemical fertilizers. Microbes fix atmospheric nitrogen in the root nodules of leguminous crops, making the nitrogen easily available. Along with these, microbes also use solubilizer phosphates such as tricalcium and aluminum phosphates, and make them available to plants. They also degrade phosphate from soil layers. Apart from providing nutrients, microbes produce hormones and metabolites, which enhance root growth. Another significant role of biofertilizers is decomposition of organic matter and mineralization of the soil.The global biofertilizers market is projected to generate a value of $1,649.7 million, at a CAGR of 13.9%, by 2019.