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Global Biofertilizers Market Demand

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Global Market Database

According to market research tools , about one-third of the world, the population depends on agriculture, the proportion is more in developing and underdeveloped world. One of the main causes of limiting crop yield is soil infertility. To fill the void nations are excessively using chemical fertilizers to temporarily boost the nutrient content. But, long exposure to chemical fertilizers deteriorates soil and is a major contributor to water pollution. The use of organic fertilizers is steadily increasing, thanks to increased consciousness among urban customers.

Need for Biofertilizers

According to market research, increasing soil infertility leads to further use of chemical fertilizers which in the long run further deteriorates soil. Also, about 60% to 90% of chemical fertilizer applied is lost. Only 40% to 10% is taken up by plants. Market research tools signify the need for biofertilizers, as they directly integrate nutrient producers with nutrient consumers. As per Global Market Database, the use of Biofertilizers, in the long run, helps to recharge the soil and correct heavy contamination caused due to the use of chemical fertilizers. With an emphasis on organic produce, farmers can expect a higher return for their produce, increase their income level.

 

Important Elements

According to the market database, Soil fertility refers to the presence of an appropriate proportion of elements present in the soil, elements ranging from nitrogen, Potassium, Calcium, and other important elements

The Global Market database states, Nitrogen is a primary macro-molecules necessary for plants in large quantities. It is used in RNA and DNA synthesis, protein formation, and the synthesis of plant hormones. Market research shows, Potassium occupies second place in terms of the volume of necessary nutrients consumed by plants, Potassium regulates cell growth and water absorption by plants and also helps in plant defense against some variants of bacteria and fungus. According to Global market database Phosphorus promotes plant growth and is present in cell membranes, controlling entry and exit. It is important in seed formation and is absorbed by plants in the form of phosphates.

Mode of application

According to market research, biofertilizers use carrier elements to increase effectiveness. Carrier materials like Springer and Somasegaran are used. According to the Global market database, An ideal carrier material must be cheap and readily available, it must be easy to sterilize, it must be easy to form and lump-free, along with good pH buffering capacity, and contain high organic content. Biofertilizers can be in liquid form or powder form. Carrier material influences the final state of the biofertilizer.

Market Factor’s for Biofertilizers

According to Market research tools, the major promoter is the increasing concern about food security. This coupled with concern about the impact of chemical fertilizers on the environment is fueling the growth. Market intelligence platforms show economies are emphasizing sustainable development and developing favorable policies is boosting the market

According to market research tools, a major limiting fact is the nutrient content of biofertilizers when compared to chemical fertilizers, which is low. They have a shorter shelf life and are not independent of external factors like temperature and other parameters that limit their effectiveness. Lack of technical support to farmers along with lack any subsidies for farmers is making the shift difficult. Market database states, General awareness about biofertilizer is limited cause further more isolation and preventing the mass roll-out

United States Market prospective

Market research suggests Customers in the US are increasingly adopting organically grown agricultural produce. According to the global market database, The US having a well-established agricultural ecosystem is a major player on the world stage. Soya bean an important crop in the US requires a high amount of nitrogen. Also, the share of organic fruits and vegetables is increasing. Market research suggests fruits and vegetables require a higher amount of Potassium and Phosphorus, compared to cereals and other produce. Fruits and vegetables are expected to drive the market. Sensing higher growth firms are funding/ sponsoring research projects in universities. When analyzed through market intelligence platforms, customer awareness and steady innovation in the market are projected to keep up the demand.

 

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