Global Biofertilizers Market Forecasts to 2020-2027
Bharat Book Bureau Provides the Trending Market Research Report on “Global Biofertilizers Market Size study with COVID-19 Impact, by Type (Nitrogen-fixing biofertilizers, Phosphate solubilizing & mobilizing biofertilizers and Potassium solubilizing & mobilizing biofertilizers), by Crop Type (Cereals & grains, Pulses & Oilseeds, Fruits & vegetables and Others), by Form (Liquid and Carrier-based Biofertilizer), by Mode of Application (Soil Treatment, Seed Treatment and Others) and Regional Forecasts 2020-2027” under Heavy Industry Category. The report offers a collection of superior market research, market analysis competitive intelligence and Market reports.
Global Biofertilizers Market is valued approximately USD 2.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11.6 % over the forecast period 2020-2027. Biofertilizer consists of living microorganisms, which helps to increase the supply of nutrients in plants for further growth.
When applied to seed, soil, or plants, these biofertilizers can correct the nitrogen level in the soil, hence, supporting proper plant growth. The global Biofertilizers market is facing challenges due to the coronavirus pandemic as temporary lockdown in various countries.
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The global Biofertilizers market is facing challenges due to the coronavirus pandemic as temporary lockdown in various countries. But the government introduced plans and initiatives to ensure that soil nutrients are available to farmers during the upcoming rabi (summer-sown) season, amid the COVID-19 outbreak. For instance, The Ministry of Chemicals and Fertilizers of India has constituted a team to prepare a road map in order to reforms and achieve higher growth in the fertilizer sector.
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Last Update : 16 September 2020
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