(EMAILWIRE.COM, May 01, 2023 ) As per Maximize Market Research, the Bio Fertilizers Market was valued at USD 2.68 Bn in 2021 and is expected to grow at a CAGR of 11.9 percent and reach USD 6.60 Bn by 2029.
Bio Fertilizers Market Scope and Research Methodology
The report provides an in-depth analysis of the Bio Fertilizers Market with a brief description of its various segments, and market dynamics with the drivers and restraints. The collected data from primary and secondary sources is further analyzed by the tools like SWOT, PESTLE, and PORTER analysis and represented in the form of tables, graphs, and pie charts.
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Bio Fertilizers Market Dynamics
The population becoming health-conscious about food safety and using chemical-free foods and increasing use of organic foods is driving the Bio Fertilizers Markets growth. The major barrier is the lack of awareness of Bio-Fertilizers in underdeveloped and developing countries which is expected to limit the markets growth.
Bio Fertilizers Market Regional Insights
North American region had registered a market share of 32.8 percent in 2021 with the increased demand for organic goods and acceptance of biofertilizers among rural farmers is boosting the regional Bio Fertilizers Market in North America.
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Bio Fertilizers Market Segmentation
By Crop Type
Cereals & grains
Pulses & Oilseeds
Fruits & vegetables
Bio Fertilizers Market Key Players Includes
Fertilizers USA LLC
CBF China Biofertilizer
Chr. Hansen Holding A/S
Rizobacter Argentina S.A.
T. Stanes & Company Limited
IPL Biologicals Limited
Nutramax Laboratories Inc.
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Maximize Market Research is leading Biotechnology firm, has also published the following reports:
Liquid Fertilizers Market The market is expected to grow at 7.6 percent and reach USD 11.48 Bn by during the forecast period
Complex Fertilizers Market The market is expected to reach USD 77.74 by 2029 at a CAGR of 6.2 percent during the forecast period.
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