Hexa Research Inc
Hexa Research Inc
Hexa Research Inc
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 bio-fertilizer market. Stringent regulations on agrochemicals led industry to
shift towards biofertilizers. 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.
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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. 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 bacterias 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.
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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.
Biofertilizers applications include soil treatment and seed treatment. Seed treatment was the largest
application market in 2013. The product addition to seeds improves sustainability for virus and bacteria
attacks and improves crop yield. It helps in converting atmospheric nitrogen and makes it useful for
plants. Seed treatments also improve phosphorus content in the soil by solubilizing it and enhance
availability. Soil treatment is done by spraying biofertilizer on the agriculture land which improves the
crop yield and fertility.