Hyderabad, India -- (SBWIRE) -- 03/02/2018 -- Biofertilizer is a substance that contains microbes that, once applied to seed, plant surfaces, or soil, colonizes the rhizosphere or the inside of the plant and promotes growth by increasing the availability of primary nutrients to the host plant. Biofertilizers aren't fertilizers in the way that fertilizers directly increase soil fertility by adding nutrients whereas biofertilizers add nutrients through the natural processes of fixing atmosphere Nitrogen, solubilizing Phosphorus, and stimulating plant growth through the synthesis of growth promoting substances.

View Sample Report: https://www.marketdataforecast.com/market-reports/global-biofertilizers-market-1363/request-sample

The global Biofertilizers market value is evaluated to be USD 930.5 million in 2016 and is estimated to reach USD 1,760 million by 2021 at a CAGR of 13.6%. The major driving factors of the market include the growth within the organic food trade and increase in awareness relating to the health hazards caused by the employment of chemical fertilizers.

Moreover, government agencies promoting the employment of biofertilizers will propel the market expansion. However, lack of awareness and low adoption of biofertilizers as well as poor infrastructure acts as the key restraining factors of this market.

Read the full report: https://www.marketdataforecast.com/market-reports/global-biofertilizers-market-1363/

The EU "Common Agricultural Policy" promotes the employment of bio-based product in conjunction with organic farming and provides up to a half-hour of the budget as direct inexperienced payment to farmers obliging with property agricultural practices. Favourable regulative state of affairs, particularly in North America and Europe is anticipated to be a key driving issue for demand growth over future seven years.

Geographically, the market is categorised into North America, Latin America, Asia-pacific, Europe and Middle East & Africa. North America is expected to dominate the market globally and Asia-pacific is expected to witness a major growth rate during the forecast period owing to favourable government policies.

Customize report: https://www.marketdataforecast.com/market-reports/global-biofertilizers-market-1363/customize-report

Some of the key players of Bio fertilizers market include Lallemand Inc. (Canada), Camson Bio Technologies Limited (India), Rizobacter Argentina S.A. (Argentina), Novozymes A/S (Denmark), Camson Bio Technologies Limited (India) and Nutramax Laboratories Inc. (U.S.), Symborg S.L., Mapleton Agri Biotech Private Ltd and AgriLife.

About MarketDataForecast™-
Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.

Related reports:
Turf and Ornamental Grass Protection market - https://www.marketdataforecast.com/market-reports/global-turf-and-ornamental-grass-protection-market-438/
Crop Protection Pesticides market - https://www.marketdataforecast.com/market-reports/global-crop-protection-pesticides-market-452/

Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626