Biological Organic Fertilizers market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.
The biological organic fertilizer market is projected to grow at a CAGR of 13.3% during the forecast year (2019-2024).
The Biological Organic Fertilizers market is highly competitive and consists of a number of major players: Rizobacter Argentina S.A., Lallemand Inc., National Fertilizers Limited, Madras Fertilizers Limited, Gujarat State Fertilizers & Chemicals Ltd, T Stanes & Company Limited, Camson Bio Technologies Limited, Rashtriya Chemicals & Fertilizers Ltd, Antibiotice S.A., Biomax, Symborg, Agri Life, Premier Tech, Biofosfatos do Brasil, Neochim, Bio Protan, Circle-One Internatiomal, Inc., Bio Nature Technology PTE Ltd., Kribhco, CBF China Biofertilizer A.G and Others
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Scope of the Report
Organic fertilizers are derived from many animal and plant-based residues and mineral ores; they are also developed from beneficial microorganisms. Biofertilizers or microbial inoculants are carrier-based ready-to-use live bacterial or fungal formulations, which on application to plants, soil or composting pits, helps in mobilization of various nutrients by their biological activity. Biological organic fertilizers add nutrients through the natural processes of fixing atmospheric nitrogen, solubilizing phosphorus and stimulating plant growth through the synthesis of growth-promoting substances.
Key Market Trends
Increased practise of organic farming is driving the market
The growth of the organic food industry is driving the organic fertilizer market. Increased environmental concerns have paved the way for the use of bio-based organic fertilizers. The growth in the rate of adoption of sustainable farming and increasing costs of chemical fertilizers are other driving factors for the market. The push from governments towards sustainable farming in many developing countries is expected to help maintain steady growth in the market.
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Asia Pacific dominates the market
The regional organic fertilizers market is divided into two major segments namely organic residue based fertilizers and microorganism (biofertilizers) depending on the source of nutrients and raw materials. More than half of the market share is covered by microorganism based organic fertilizers. The consumption of organic fertilizers in Asia-Pacific is expected to increase with rising awareness among the farmers about the benefits of bio-based and organic residue based fertilizers. The regional demand is concentrated among major agriculture-based countries like China, India, and Vietnam while China and India are leading the market developments. The organic fertilizer market in Asia-Pacific is the fastest growing among all the other regions. The key players in the market are focused on new product launch to cater to a wider consumer base and expand market share in the local market.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Biological Organic Fertilizers Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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