(Food-Beverage-News.Com, March 22, 2018 ) The North America Bio Organic Fertilizer market is anticipated to grow at XX% CAGR from 2017 to 2022 and it is estimated that the North America market was valued at USD XX billion in 2017 and is expected to reach USD XX billion by 2022.
Bioorganic fertilizer is a substance that consists of living microorganisms, which help in the growth of the plant by increasing the supply of nutrients to it. Increase in the use of bio-fertilizers is expected to reduce the demand for chemical fertilizers and pesticides as they hamper the health of the soil.
Factors such as rising environmental awareness, enhancing soil fertility and increasing demand for organic food are key driving factors for the market. Factors restraining the growth of the bio-fertilizer market are lack of awareness and lower adoption rate by farmers. The Shortage of fertilizers in regions like Latin America and Africa, formulation of favorable government policies and countries having agriculture dominant economy would provide growth opportunities for this market.
Market Segmentation Type • Introduction • Microorganism • Azotobacter • Blue-green Algae • Mycorrhiza • Rhizobium • Azospirillum • Phosphate solubilizing bacteria • Others • Organic residues • Crop residues • Green manure • Others • Y-o-Y Growth Analysis, By Type • Market Attractiveness Analysis, By Type • Market Share Analysis, By Type • Application • Introduction • Fruits and Vegetables • Plantations • Cereals • Pulses and Oilseeds • Other • Y-o-Y Growth Analysis, By Application • Market Attractiveness Analysis, By Application • Market Share Analysis, By Application
On the basis of geography, the market is segmented into various regions namely U.S. and Canada. North America accounted for the second largest share of the market.
Some of the key players dominating the market are Gujarat State Fertilizers & Chemicals (GSFC), Lallemand, Novozymes, Symborg, Biomax, Agri Life, Ajay Bio-Tech Ltd and Antibiotice S.A.
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