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(MoneyNewsWire.Net, November 28, 2017 ) According to the report Biofertilizers Market, published by Market Data Forecast, the North America market was worth USD 262.56 million in 2017 and estimated to be growing at a CAGR of 12.87%, to reach USD 474.21 million by 2022.
North America Biofertilizers Market are fertilizers containing microorganisms or some other living cells which bond with the plant and improve crop productivity. These microorganisms grow in the rhizosphere and enhance the nutrient accessibility of the plants. They are applied through seeds or soil as they are designed to colonies the root region of the plant and inhibit the microbial processes in the region. Some of these microorganisms like the one present in legumes exhibit symbiotic relationship with the roots of the crop plants. Apart from this, biofertilizers are cheaper as compared to traditional fertilizers and are environment friendly.
Get a comprehensive overview of the Biofertilizers Market: http://www.marketdataforecast.com/market-reports/north-america-biofertilizers-market-1364/
Biofertilizers Market: Drivers & Restraints
Rapidly growing demand for food has led to an increased use of fertilizers. These fertilizers not only cause harm to environment but also can led to health hazards as these chemicals enter food chain on consumption by various insects and animals. These factors are prime driver of the organic food products market. Moreover, factor such as reduction in the repetitive use of fertilizers, effective use of resources, and almost negligent contamination are further expected to boost the market growth.
However, failure of the growth of microorganisms under unfavorable conditions and inability to completely replace other fertilizers are hindering the market growth.
Get accurate market forecast and analysis on the Biofertilizers Market. Request a sample to stay up-to-date on the main trends affecting this market: http://www.marketdataforecast.com/market-reports/north-america-biofertilizers-market-1364/request-sample
Biofertilizers Market: Segmentation
By Type
• Nitrogen Fixing
• Phosphate Solubilizing
• Potash Mobilizing
• Others
By Crop Type
• Cereals & Grains
• Pulses & Oilseeds
• Fruits & Vegetables
• Other Crops
By Microorganisms
• Azotobacter
• Azospirillium
• Rhizobium
• Phosphate Solubilizing Bacteria
• Cyanobacteria
• Other Microorganisms
By Mode of Application
• Seed Treatment
• Soil Treatment
• Other Modes
By Form
• Pure & Mixed Liquid Fermentations
• Dispersible Granules
• Pellets
• Powders
• Other Forms
By Geography
• North America
o United States
o Canada
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at: http://www.marketdataforecast.com/market-reports/north-america-biofertilizers-market-1364/customize-report/
Biofertilizers Market: Overview
In 2017, Nitrogen fixing biofertilizers held the largest market share of the type segment due to the fact that nitrogen is the major nutrient required by the plants and is an essential part of every protein and biological process in the plant. Rhizobium bacteria held the largest market share of the microorganism segment because of the fact that it can accumulate nitrogenous compounds near the plant roots. The cereals and grains segment held the largest market share of the crop type market segment.
As of 2017, North America accounted for the largest share of the Biofertilizers market because of the increasing regulations on the usage of chemical fertilizers and increasing awareness among farmers.
Biofertilizers Market: Key Players
Some of the major players competing in the Biofertilizers market are Symborg S.L., Camson Bio Technologies Limited, Lallemand Inc., Novozymes A/S, Rizobacter Argentina S.A., Nutramax Laboratories Inc., Mapleton Agri Biotech Private Ltd and AgriLife.
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