Kiwa Bio-Tech Products Group Corp (fka KWBT)

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Biofertilizers Market Can Be Segmented As Phosphate Solubilizing And Nitrogen Fixing Research

Report By Hexa Research
Posted: Jan 12, 2016 11:45 AM EST
Updated: Jan 13, 2016 7:15 AM EST

Latest Research on Agrochemicals environmental hazards and soil contamination on crops is anticipated to fuel global biofertilizers market over the next eight years. Agrochemicals impact on human and animal health is expected to drive the “Global Biofertilizers Market”. Stringent regulations on agrochemicals led industry to shift towards biofertilizers.

Biofertilizers Market – Emergence of the product as the best solution these problems led to a significant acceptance across the world. In addition to ecofriendly nature, the product also maintain crop and soil health along with increasing yield which is expected to spur biofertilizer market growth over the forecast period. Biofertilizers are manufactured using organic and human wastes such as compost and struvite which is one of the clearest substitutes to agrochemicals. Biofertilizers can be segmented as phosphate solubilizing and nitrogen fixing. Recently with technological advancement, potash mobilizers, and sulfur and zinc solubilizers have been emerged as biofertilizers.

Favorable regulatory norms in many regions across the world are expected to surge biofertilizer market over the next eight years. The European Union issued “Common Agriculture Policy” to enhance organic farming and the product applications by issuing 30% payment as green payment. The product is being promoted in emerging economies such as China and India with a major consideration in their five year plans. Indian government introduced ‘National Project on Development and Use of Biofertilizers’ to increase production and utilization.

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http://www.hexaresearch.com/research-report/biofertilizers-industry/

Low product prices as compared to agrochemicals are projected to bolster biofertilizers market over the foreseeable future. The product has gained considerable acceptance in developed countries which is likely surge global demand. Less awareness among the farmers and consumers in developing countries regarding advantageous characteristics of the product is expected to hinder the market over the next eight years.

Biofertilizers can be segmented on the basis of product type as phosphate solubilizers and nitrogen fixation biofertilizers. Nitrogen fixing biofertilizers consists of various bacteria’s including Azotobactor, Rhizobium, Acetobactor and Azospirillum, which helps to improve soil yield coupled with microbial and organic population. Nitrogen fixing biofertilizers had major share in the product market in 2013 owing to increasing demand worldwide. Phosphate solubilizer was the second major application segment of biofertilizer in 2013, and is anticipated to be the fastest growing market over the forecast period. Phosphate solubilizers contain bacterias which helps to hydrolyze inorganic and organic phosphate from compounds. Phosphate chemical fertilizers used for plants are immobilized and reduce plants minerals intake whereas biofertilizers enhances the mineral intake of plants owing to substantial supply of phosphate.