Albany, NY -- (SBWIRE) -- 08/10/2016 -- Globally, land degradation as a result of nutrient deficiency in the soil is creating a high demand for fertilizers. During harvesting, nutrients such as nitrogen are removed from the soil by crops and the nutrient deficiency leads to decline in yields. Many farmers are also increasing the use of fertilizers to speed up the crop growth and increase their agricultural productivity. However, overuse of chemical fertilizers is resulting in soil pollution in the form of fertilizer deposition and also causing damage to water resources. Rising concerns related to soil pollution coupled with increasing focus on sustainable agricultural practices to restore soil health may hinder the growth of the global fertilizer market over the long run while helping the growth of biofertilizers.

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Technavios analysts forecast the global biofertilizers market to grow at a CAGR of 14.11% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global biofertilizers market for 2016-2020. To calculate the market size, we have considered the revenue generated from the retail as well as direct sales of various biofertilizers sold across the globe in 2015.

The market is divided into the following segments based on geography:
Americas
APAC
Europe
ROW

Technavio's report, Global Biofertilizers Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
BIOMAX
Gujarat State Fertilizers & Chemical
Lallemand
Novozymes
Symborg

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Other prominent vendors
Camson Biotechnologies
CBF China Biofertilizers
Kiwa Biofertilizer
Madras Fertilizer
Mapleton Agribiotec
Monarch Biofertilizers
National Fertilizers
Rashtriya Chemicals and Fertilizers
Rizobacter Argentina
Sushila Biofertilizer

Market driver
Growing awareness regarding health and environmental concerns
For a full, detailed list, view our report

Market challenge
Accessibility, awareness, and adoption constraints of biofertilizers
For a full, detailed list, view our report

Market trend
Government initiatives taken for promoting the use of biofertilizers
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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