The global demand for bio-fertilizers market is expected to rise because of growing consumer preference for organic food. Factors such as increased health consciousness, environmental awareness and rising disposable income are causing an extraordinary demand for organic foods globally.
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Increased demand of bio-fertilizers from emerging markets is a key trend in global bio-fertilizers market. An increase in the demand for bio-fertilizers from emerging countries such as India, China and Brazil is likely to positively influence the market growth. Low-income countries adopting healthy and sustainable agricultural practices are estimated to fuel the growth of the biofertilizers market.
Bio-fertilizers are made from human, organic and animal wastes and are sustainable in nature. Bio-fertilizers consist of microorganisms such as algae, bacteria and fungi, alone, or in combination, and they enhance nutrient availability in plants by fixing atmospheric nitrogen and dissolving the phosphorus present in the soil.
Though chemical fertilizers increase crop production and yield, their overuse harms the environment and the soil, which is a key restraint in the global bio-fertilizers market. Some of the hazardous impacts of bio-fertilizers include decreased soil fertility, hardened soil, release of harmful greenhouse gases and polluted air and water.
The global bio-fertilizers market can be categorized on the basis of different type of bio-fertilizers, type of crop and type of micro-organism. Based on type of bio-fertilizers, the global bio-fertilizers market can be divided into nitrogen-fixing, potash-mobilizing and phosphate-solubilizing bio-fertilizers.
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Major competitors in the global bio-fertilizers market are Novozymes, Symborg, Labiofam, Agri Life, Ajay Bio-Tech Ltd., Antibiotice Iași, Biomax Life Sciences Limited and others. Ajay Bio-Tech Ltd. is concentrating its resources on western markets along with the Asian markets.
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P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world.
Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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