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(Health-NewsWire.Net, November 26, 2015 ) Life has become fast. People are now more workaholic which has affected every aspect of life. When on one side life style related diseases are growing, demand for organic food is also gaining steam. This has encouraged the farmers to use an organic fertilizer which is one of the main reasons for the rapid growth of bio-fertilizer market recently. As the demand for the organic food is increasing, the global bio-fertilizer market is also expected to grow at an impressive compounded annual growth rate. Our report on global bio-fertilizer market focuses on the opportunities in the overall market especially in the key areas such as Asia-Pacific (APAC), US and Europe.
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North America and APAC are the leading consumer markets of bio-fertilizer on the back of good awareness and government policies which are among the key growth drivers in these regions. Price is also an important factor for bio-fertilizer market; currently price has negative impact on bio-fertilizer market; however, mass production and technological advancements are expected to reduce the overall production cost in future. Also, availability and cost of raw material will be a key motivator of bio-fertilizer market. Asia-Pacific is the most opportunistic market for bio-fertilizer because of availability of raw material, cheap labour force and large number of end- users.
Prolonged negative effects of chemical fertilizers are also one of the primary reasons behind the growth and demand for bio-fertilizers. Nitrogen-fixing bio-fertilizer is the largest segment of the market, which, however, is small as compared to chemical bio-fertilizers market but with the growing acceptance and demand, this is expected to be large market in the coming days.
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Considering the positive impact of bio-fertilizers, governments in various countries are supporting the sector with framing friendly policies. For example, Mexico government has created new policy for promoting and commercialization of bio-fertilizers in the country. The policy report highlights opportunities of bio-fertilizers, how they can commercialize the products and the social and economic impact of bio-fertilizers in Mexico.
Companies profiled include:
1. Bio Nature Technology PTE Ltd.
2. Kribhco
3. Gujarat State Fertilizers & Chemicals Ltd.
4. Madras Fertilizers Limited
5. National Fertilizers Limited
6. Biofosfatos do Brasil
7. Embrafós
8. Instituto de Fosfato Biológico (IFB)...
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